Newbie Lessons - All your questions answered

[ginar]

Hi Everyone,

This is proberly a easy question but can someone advise where I can get for any certain stock the daily price, daily high, daily low and daily volumn?
I know on the ASX website I can get this info for the last 5 days it has traded but where can I get this info for a bigger time frame? (1 month, 6 months, 1 year)

Thankyou regards Wes

yahoo is a good free option and you can save it in formats to feed various chart software , this page is for bhp so you get the drift . just get a quote on whatever stock and click historical prices in left hand column . other option is to google free asx data , there are many sources out there . use google , its quick and easy


http://finance.yahoo.com/q/hp?s=BHP.AX+Historical+Prices

 

[burglar]

Hi all,

Ive read a lot of people say that you should do your own research into companies. What resources do people use? At the moment I currently have a read of the annual report (more specifically the financial reports) and look through the Commsec financial data section. What other resources should/can I use to investigate into companies and its industry.

Cheers

10 years ago, I used quarterly reports, and built a short watchlist.
And every trading day, trawl the announcements for interesting or positive headlines at the ASX link below:
http://www.asx.com.au/asx/statistics/todayAnns.do

Good luck

 

[ugotdan]

Hi pps,

I have recently been studying books on options. It seems there is a TON of info to consider before trading, and it is difficult to keep track of it all. So to get it all in order, I put a list of checks together.
I know it's ridiculously long, but once I get the hang of it, hopefully it will come naturally... Are there any obvious/specific items you would add/subtract?
Maybe some other newbies can use it too... (if it's any good)

1. ID Stock
a. Fundamental Analysis - Annual Report
b. Technical Analysis. - Not well studied here, mainly historical high/low + support & resistance
2. Assess direction of stock
3. Assess Implied Volatility of stock – Analyze the IV of the underlying.
4. Assess Delta & Gamma – Assess net delta for possible strategies.
5. Assess Theta & time frame of movement
6. Select Strategy
7. Calculate max risk
8. Calculate profit targets
9. Calculate break even point
10. Review risk vs. reward
11. Trade Management/Capital to allocate...
12. Trade Journal - records/reference
a. Make a note on your position
b. Notes on Stock
c. Fundamental Analysis notes
d. Technical Analysis notes
e. Option Strategy chosen, why?
f. Max risk, reward & BE
g. Exit Strategies
h. Possible Adjustments
i. Review Trade & comment
j. Closure on exit
k. Win/Loss result, why?
l. Improvements
13. Open Position

Any feedback good or bad is welcome.

 

[burglar]

"Taming the Lion" by Richard Farleigh

It is the best book on trading that I've ever read!
Readability and content, I gave it ****

He lost over 100 Million pounds in "the Tech Wreck".

Why should he teach us about investing??


Because afterwards, he still had millions left !!

 

[pierrebfg]

Thanks for all your posts to my last question.
I have another one.
I have money in my trading account. If i buy shares when can i sell? 1 min later? 1 day? How long do i have to wait?
What is meant by the following?
Naked short selling is prohibited. Covered short selling is
available only through CommSec's Term Short Selling
facility. Therefore, in placing this order you are confirming
that you own the stock you are selling and that the order is
a regular "long sale" (not a short sale).

All your posts are appreciated, as you can see I'm pretty new to this whole thing and are learning a lot

 

[Sir Osisofliver]

Thanks for all your posts to my last question.
I have another one.
I have money in my trading account. If i buy shares when can i sell? 1 min later?

Correct. Once you've purchased the shares they are yours to do with as you please, including sell them.

What is meant by the following?
Naked short selling is prohibited. Covered short selling is
available only through CommSec's Term Short Selling
facility. Therefore, in placing this order you are confirming
that you own the stock you are selling and that the order is
a regular "long sale" (not a short sale).

This basically means that you cannot sell shares you don't own, except in very limited circumstances. You will need to read Commsec's section of short selling to find out which possible shares you can do this with. I would also suggest that you search these boards for "short selling" where there is plenty of material. a Regular long sale refers to simply a sale in which you own the shares and is the opposite of short selling.

All your posts are appreciated, as you can see I'm pretty new to this whole thing and are learning a lot

Cheers

Sir O

 

[pierrebfg]

Thanks for that. I didn't realise you could sell shares if you didn't own them.

 

[burglar]

Thanks for that. I didn't realise you could sell shares if you didn't own them.

"1969–1970: The Poseidon bubble (a mining boom triggered by a nickel discovery in Western Australia) caused Australian mining shares to soar and then crash, prompting regulatory recommendations that ultimately led to Australia's national companies and securities legislation."
Source http://en.wikipedia.org/wiki/Australian_Securities_Exchange

I believe that "selling short" caused the boom!
The subsequent bust caused a ban on "selling short" in Australia for many years thereafter!

I heard that brokers turned their backs on clients to trade with each other! *testosterone*
Funniest part of all is that there wasn't all that much nickel there (IT'S STILL IN THE GROUND TODAY) - and it was Lateritic Nickel to boot! (a newbie may want to google Lateritic nickel, it would be instructive to know)

 

[burglar]

Cheers

Sir O

Sir O,

Love this post - learnt a lot - thanks heaps

 

[Squillion]

Hi Guys,

I'm brandnew to trading and this site, came across it doing some research and looks like a good spot to learn.

Question -

I have made my first trade, all going well so fair. Moving onto second trade I have two stocks I am interested in and only enough funds for one buy.

Can I have two open buy orders at the same time and witch ever is filled first is the stock I will end up with?

I'm using ANZ E-Trade. And at his stage I can only seem to be able to place one order per amount of funds available in trading account.

Hopefully I'm in the right section for this and someone can help.

Thanks

 

[burglar]

Hi Guys,
Hopefully I'm in the right section for this and someone can help.

Thanks

Yes and yes. My typing is slow, be patient, or do call in later.

 

[Julia]

I have made my first trade, all going well so fair. Moving onto second trade I have two stocks I am interested in and only enough funds for one buy.

Can I have two open buy orders at the same time and witch ever is filled first is the stock I will end up with?

I'm using ANZ E-Trade. And at his stage I can only seem to be able to place one order per amount of funds available in trading account.

Hopefully I'm in the right section for this and someone can help.

Thanks

I'm puzzled as to why you don't simply phone Etrade and ask them, rather than depend on what could be incorrect advice on a forum?

As far as I know Etrade will not accept an order (orders) for an amount which exceeds the amount in your cash a/c.
You have obviously already discovered this.

 

[burglar]

Hi Guys,

I'm brandnew to trading and this site, came across it doing some research and looks like a good spot to learn.

Question -

I have made my first trade, all going well so fair. Moving onto second trade I have two stocks I am interested in and only enough funds for one buy.

Can I have two open buy orders at the same time and witch ever is filled first is the stock I will end up with?

I'm using ANZ E-Trade. And at his stage I can only seem to be able to place one order per amount of funds available in trading account.

Hopefully I'm in the right section for this and someone can help.

Thanks

1. Nice wheels.
2. Some people here are helpful, nice, professional, downright, forthright or all of the above!
3. Read this thread from beginning. Sir O is F****ng brilliant.
Don't let on, it may make his day!
4. Re-read this thread from beginning if you need to.

I'm using ANZ E-Trade. And at his stage I can only seem to be able to place one order per amount of funds available in trading account.

That seems normal, I am with Netwealth.
Total of all Buy orders must be covered by funds available.
Gets easier after profits.

Can I have two open buy orders at the same time and witch ever is filled first is the stock I will end up with?

Probably not, the first may fill, then the second may fill, you look them up and you have them both! If you're lucky you can cancel one if the other fills.
All depends when conditions are met!

Welcome to ASF and lucky trading!
burglar

 

[Squillion]

I'm puzzled as to why you don't simply phone Etrade and ask them, rather than depend on what could be incorrect advice on a forum?

I work in the mines and am currently on swing, Mobile phones are not permitted on site. This in mind making phone calls while on a computer between business hrs is quite difficult.

Someone’s answer will be proven to be correct or incorrect when I have the chance to check there feedback on line. This dose not mean I will or would take someone advice on a forum as gospel in any situation.

I'm simply trying to get some info to keep the ball rolling and move forward until I’m home and can be on the phone and online at the same time between business hrs.

Thanks for your feedback.

 

[Squillion]

Thanks burglar,

I Haven't been though the hole thread but will take the time over my weekend to do so.

The reason I ask is one of the guys at work can set up multiple trades for the day and under the one amount of funds. I believe he is on the Westpac equivalent of E-Trade.
And I thought there may be a few more E-trade users about to help with my inquiry.

Thanks again

 

[burglar]

Thanks burglar,

I Haven't been though the hole thread but will take the time over my weekend to do so.

The reason I ask is one of the guys at work can set up multiple trades for the day and under the one amount of funds. I believe he is on the Westpac equivalent of E-Trade.
And I thought there may be a few more E-trade users about to help with my inquiry.

Thanks again

Serious business first.

There are ETraders about.
ETrade have conditional trades ... of that I am certain.
These conditional trades attract a premium brokerage ... of that I am certain.
They are ideal for a working man ... of that I am certain.
You'll need edumicating to understand the intricacies of these
a). to avoid pitfalls
b). to take strong advantage of them esp. as they will cost more.

Find an ETrader ... well worth it.

Find a mentor ... it may save your sanity!!

Now pedantics (just for fun)
I use google when I need spillchecker, in separate tab, and it sez "did you mean says"
I asked Joe Blow, he said spillchecker is coming soon

Most here don't care bout spelling, I'm just getting used to it . I like to hav a bit of fun with it!

Cheers,
burglar

 

[jzell67]

My first post and im all excited.

Decided to use shares as my way to get rich (yeah right ) as i cant get a home loan as 50% of my earnings are from Workers comp payments. Saved enough for a deposit but oh well....

So here i am sucking in everyones experience and will hopefully come out of this with heaps of knowledge...

So thanks everyone who takes the time to post, this newbie appreciates it

 

[Julia]

That must be disheartening for you. Do you anticipate being able to get back to work?

 

[burglar]

My first post and im all excited.

Decided to use shares as my way to get rich (yeah right ) as i cant get a home loan as 50% of my earnings are from Workers comp payments. Saved enough for a deposit but oh well....

So here i am sucking in everyones experience and will hopefully come out of this with heaps of knowledge...

So thanks everyone who takes the time to post, this newbie appreciates it

Yeah! Ouch!
If my kids could afford own house, I would not be investing.
I would not be investing if Kevvy had made houses affordable.
But for the stoopid new tax, I would be doin' Ok

 

[nunthewiser]

Please refrain from Hijacking this Very valuable thread with crap.

Thankyou.

sorry for sticking my 2 cents in Mr O

keep up the good work