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Newbie lessons?

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Medici

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24 June 2009
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I have join this nice forum as a newbe searching for helpful information with relation on stock trading, charting and any other information which may be related to stock trading.

I have to admit that i am disappointed ( a bit).
I can see that every one is talking about everything but trading advice.

With no offence to some members who provide some deep information and advice on upcoming problems, newbes are facing constant problems and hunger for information which only sometimes are provided.

Would it be nice to turn this newbe section for really new traders ?

I can raise the pray for ASF member (forgive me for not remember his user name - he is from Honk Kong, i think), who post most deep advice for some other new member of the forum.

I can also understand that some of the members been here longer than stock exchange, but would appreciate if they may have some understanding for questions which for them looks like kindergarten schooling.

Are we all stared sometimes at the beginning ?

Other way maybe we change the forum and start talking about anything else but stock trading.

( i will probably get chuck out for this - oh well..that's life (i think)
 
Re: Newbe lessons ????

dont be discouraged,

there is a mountain of information if you cycle back the pages and read previous posts.

-mentioning techniques, books to read, how to start up
 
Re: Newbe lessons ????

Yes i do that, but sometimes the info cannot be found.

This is why all newbes are asking the same questions over and over again:

what software, are there any good for newbes, which books are on the ball and which are basically falling behind, is this technique for eye balling stocks good or bead, that this term means and how to apply your charting to stock selection ?

Other way maybe just put new section: starting out and there, just post the list of the books and software suitable for trading...

Bummer, i need a drink after this...
 
Re: Newbe lessons ????

Work out what you want to achieve so you don't waste time researching things that are never going to benefit you.

For example if you want to make $10,000 a month within the next year and have $1500 to start with there's no point reading about long term investing in blue chip companies.
 
Hi acedrum

Actually no, i have $20 000 and would love to achieve $10 000 a year trading ASX 100.
 
Medici said:
Hi acedrum

Actually no, i have $20 000 and would love to achieve $10 000 a year trading ASX 100.
Click to expand...

I think you may have missed my point...

If you are looking for someone to tell you exactly what to do with your money, you are unlikely to find it here.

My point was there are so many books and so much information on the web that finding the right information can be hard if you don't know what you're looking for.

Someone who has $1,500 to start with will need different information than someone with $20,000 to start with.
 
Sorry mate...

The last thing on my mind is to ask some one how to invest my money on the stock market (i think some try that already..).

No, my interests would be...possible explanation of some charting techniques with possible relation to stock eg:
- william %R - triggering signals ?
- triangles - ?
and so on..

As you can see on this forum i already searching on Gap Days and have to admit that information i am getting is very, very good.
And this is what i have in mind when i post my original thread.
 
Medici: if you had read the Beginners' Forum you would have found this thread which has been generously put together by Sir O just for people like you.

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

Plenty of other info in the Beginner' forum also.

You can't expect anyone to give you a neat little set of instructions which will instantaneously make you the sort of money you're talking about.
You will probably, sadly, have to just do the sort of reading and research we've all had to do before becoming profitable.

What a bugger, huh.
 
Yes Julia it's a bugger..

Just wander why so many newbes have the same dilemmas

Sir O have very good post and very good advice, but have you read comments left by other members ? Not much info for newbes.
And if i am making assumption that trading ASX will not make good return, than which stock should be look at to make reasonable profit ?
Would this also be some kind of information for new members ? I wonder ?

Would be possible maybe to have some library reference where related information may be stored ?
Say library including: charting info, fundamentals...........
 
Re: Newbe lessons ????


i think you need to use the "search " function and spend some time searching the subjects that intrest you . its all there but puleeeeze dont whinge about the forums just because you dont have the patience to have a proper bloody look

have a great evening
 
Medici said:
And if i am making assumption that trading ASX will not make good return, than which stock should be look at to make reasonable profit ?
Click to expand...

Medici,

As the administrator of Aussie Stock Forums I need to be very clear about one point in particular.

It is illegal for anyone on these forums to offer you specific financial advice (i.e. advice about how to invest your money). I cannot stress that enough. Nobody here can advise you to buy or sell a particular stock or to invest your money in a specific way. The only people legally allowed to advise you how to invest your money are licensed financial advisers.

A forum like ASF is not filled with easy answers nor is it a fast track to successful investing. It is simply a place for the discussion of ASX listed companies and various investment and trading related topics.

Please consider reading the following topics from the ASIC consumer website:

Investing Basics
Getting Good Advice
 

Well is there any licensed financial advisers that belong to this forum that could give us free advice?
 
nevieboy said:
Well is there any licensed financial advisers that belong to this forum that could give us free advice?
Click to expand...

No advice can be posted on the forum, see what Joe wrote:




There are financial advisers who post on various topics to the forum.

By all means PM them to set up a consultation, you would have to ask them if the consultation is free or not.
 
Medici said:
No, my interests would be...possible explanation of some charting techniques with possible relation to stock eg:
- william %R - triggering signals ?
- triangles - ?
and so on..
Click to expand...

First, do a search.
Second, try just browsing through the site.
Third, post a specific question, for example:
Anyone use Williams%R? How does it work?

There are some examples of threads dealing with triggers, eg.:
Set up and trigger accuracy

Williams R, have a look here and here.

Also, look at one of my favourite threads:
De-Constructing Indicators
When you study this thread you will look at any indicator in a new light. The Williams%R, for instance, you will recognise as simply an upside-down stochastic. You will figure this out by reading the De-Constructing Indicators thread and applying its lessons.

Hope this helps, Medici.
 
...and be prepared to accept the fact that you are not going to find all the answers in a couple of books or for free on the internet in a couple of weeks.

Trading and investing are no different to any other profession or starting and running a successful business in that you have to put in the time and effort to learn and practice in order to become good at it.

You may even have to spend and/or lose a portion of your money as part of the process.

However if you get it right, there is the potential to profit far beyond many professions.
 
nevieboy said:
Well is there any licensed financial advisers that belong to this forum that could give us free advice?
Click to expand...

ASIC is very clear in its Regulatory Guideline 162 regarding Internet Discussion Sites:

No-one is permitted to make postings as a licensed investment adviser, or as a representative of a licensed advisor.
Click to expand...

In short, if any ASF member is a licensed financial adviser it is not permitted for them to post as a financial adviser on the forums.

ASF is not a place for free professional financial advice. I want to make that very clear.
 
Would be nice to have a section called: Resources - with all the links and information.
 
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