Educational slant

[Markymark]

Just a bit of fun with an educational slant.

Lets say tomorrow you knew you were going to wake up and know absolutely nothing about the stock market. All knowledge would be stripped away. So you knew that you would need to educate yourself all over again from scratch. However, you were able to leave yourself a map (points on how to get yourself up to speed and making a profit) and some advice for yourself regarding investing in the stock market. What information would you leave? You could leave virtually any written information accept your current "trading strategy".

I’m a newbie so I cant really comment but I would find your comments interesting.
Cheers,

MarkyMark

 

[RichKid]

Just a bit of fun with an educational slant.

Lets say tomorrow you knew you were going to wake up and know absolutely nothing about the stock market. All knowledge would be stripped away. So you knew that you would need to educate yourself all over again from scratch. However, you were able to leave yourself a map (points on how to get yourself up to speed and making a profit) and some advice for yourself regarding investing in the stock market. What information would you leave? You could leave virtually any written information accept your current "trading strategy".

I’m a newbie so I cant really comment but I would find your comments interesting.
Cheers,

MarkyMark

I don't have a secret strategy or anything that's set in stone yet, you also get maxims like let your profits run etc.. see the beginners forums and trading tips for essentials of trading- as each of us see it.

 

[Fleeta]

Interesting question MarkyMark - how is the funky bunch going?

I'd just leave a big note saying 'Don't believe financial planners or analyst reports'.

 

[roofus]

I would probably just write a note telling me to email this bloke. damien_p@email.com

 

[Mofra]

One golden rule - "If your reasons for entering a position are no longer valid, get out"

And I'd leave a list of essential reading material

 

[markrmau]

If it is going up, buy it. If it is going down, sell it.

Find out about directors / management. If people are saying "management sucks but I believe in the company etc..." avoid it like the plague.

If a company has been around for 10yrs and still isn't making a profit, be wary.

Don't leave orders lying around the depth, too far from current action. If you have a sell order, far above the current action and the SP reaches your sell order, you may wish you didn't sell. Conversly, if you have a buy order far below action and it is triggered, you may wish you never bought. Make a decision based on the knowledge you have at hand and act now (which could involve holding and waiting for confirmation).

Try to counter trade noise.

Don't take grossly oversimplified tips from stock forums.

HTH, Mark.

 

[Fleeta]

If it is going up, buy it. If it is going down, sell it.

Don't take grossly oversimplified tips from stock forums.

Big call! I bought NMS on a 3 line post from Baglimit and am sitting on 500% return in 3 months.

 

[markrmau]

Fair enough, I wish I was on that bandwagon too. Actually I was refering to the 4 oversimplified tips that I was giving in that post.

NMS up another 12c? Good grief!!

 

[money tree]

I would buy a copy of this course:

www.posigear.8k.com

 

[markrmau]

I thought there was a similarity between yours and crashys interests / posts. lol.

 

[Mofra]

Big call! I bought NMS on a 3 line post from Baglimit and am sitting on 500% return in 3 months.

Hope you ignored posts on MUL, ION, CMQ, HWE etc

 

[Markymark]

Interesting posts and comments,
Funky bunch is great thanks Fleeta

I'm coming from a property investing background so if I was to leave a note for that it would go something like. 1. A reading list 2. get clear on your goal and what you want and by when.

I suppose it’s similar with shares.

I started reading information about Warren Buffett and have now been reading information on writing covered calls. I like the sound of the covered call strategy, where you own the underlying stock. If Im prepared to hold the shares over the long term based on strong fundamental analysis and then writing covered calls looks like a good strategy as long as I am prepared to sell the physical shares.

I'd prefer to risk an opportunity cost than a physical cost. Which based on what I understand fluctuations are inevitable over the long term regardless. I suppose its not a real agressive strategy, but I can see from what I have read it takes time to develop experience. The trick I suppose is to develop that experience at as minimal cost as possible. Hence a conservative approach.



Any way,

Cheers,

MarkMark