New to the stock market: Where do I begin?

• 14 August 2012

• #141

M

Mike Williams

Joined

13 August 2012

Posts

2

Reactions

0

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!

 

• 15 August 2012

• #142

burglar

Joined

22 November 2010

Posts

3,661

Reactions

11

https://www.aussiestockforums.com/forums/showthread.php?t=14370

A wonderful thread started by SirO

 

• 16 August 2012

• #143

S

Spongle

Joined

18 March 2011

Posts

73

Reactions

0

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?

 

• 16 August 2012

• #144

tech/a

No Ordinary Duck

Joined

14 October 2004

Posts

20,447

Reactions

6,478

Re: Beginnings

Spongle said:

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?

Click to expand...

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.