Australian (ASX) Stock Market Forum

New to the stock market: Where do I begin?

Where do I begin?

G'day guys.

I've never owned any shares before but I'm interested in buying some. I don't know where to look for the best ones, who to trust ect. Where do you guys find good shares from?

Eventually I'm wanting to begin paper trading (before i go live) and write covered calls on stock and then ensure the underlying position with put options.

Thanks for any help guys!
 
Beginnings

Ok...

What is the general consensus is starting out in this game?

I figure:

*Invest whatever you currently have in Bonds
*Save weekly and invest in a similar fashion
*Build to at least 50K
*Paper trade and study your **** off

Put very simplyanyway... opinions?
 
Re: Beginnings

Ok...

What is the general consensus is starting out in this game?

I figure:

*Invest whatever you currently have in Bonds
*Save weekly and invest in a similar fashion
*Build to at least 50K
*Paper trade and study your **** off

Put very simplyanyway... opinions?

Learn all about risk and portfolio management.
Gear your self up to be able to test your ideas---its worth the effort.
In these markets trade shorter term but have some accumulation going on in
longer term stock with strict risk management in place.
Preserve capital.
Remember trends (which you need to profit) are in all timeframes/long/short.
Look at ways of short trading -- I prefer stock indexes.
Test these as well.
BE DECISIVE.
 
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