Seeking mentor

[Roz Johnson]

I have just joined this forum and am new at investing and am looking for experienced investors to be my mentor would anyone like to put their hand up for this voluntary mentoring I am doing a stock course at home and am having trouble understanding how to read graphs etc so please someone help me THANKS Roz

 

[RichKid]

I have just joined this forum and am new at investing and am looking for experienced investors to be my mentor would anyone like to put their hand up for this voluntary mentoring I am doing a stock course at home and am having trouble understanding how to read graphs etc so please someone help me THANKS Roz

Hey Roz,

Welcome to ASF!

Most of us here would be happy to help you where possible although we are not qualified to give financial advice. Personally, I'm not competent to mentor anyone but there are some others here who probably are. There's lots of info here that you should read through first I think, including many books that have been mentioned from time to time.

btw, what's the stock course you are doing? Do they have customer support? Just interested....

 

[bullmarket]

Hi and welcome Roz

:iagree: with the RichKid I've only been here a few weeks now and from what I've seen this is a pretty friendly place to ask for help and there are quite a few that are willing to help where they can.

So if you're not sure about something or need some help, just post away and I'm sure someone or a few should be able to help.

Good luck

bullmarket

 

[smrt-guy]

I'd love to know how you go with the stock course also, keep us updated please

 

[Stan 101]

Hi Roz, let me say your attitude is outstanding. I'm sure someone with the experience and knowlege will contact you. I'm sure you'll find someone to pass on their skills to you.

All the best!

 

[Ann]

Hi Roz,

Don't worry if you can't understand charts. It takes time and practice. You will get there. I love them. It is worth the effort.

Just sit quietly and draw lines. Don't worry about some 'expert' giving advice. You will learn better by doing it yourself.

Good luck and I hope you find the love for them I have found.

Best
Ann

 

[BraceFace]

You go Roz!!

You dont need a "mentor" with this forum. Everyone is full of great advice. Just check in everyday and you are bound to pick up a tasty tidbit of information about something.

Beware the Chicken...... he knows stuff no-one else does... :

 

[Roz Johnson]

Re: what is exponential mean in moving average

I am trying to get my head around the above and also what is a reversal in a chart? thanks Roz

 

[bullmarket]

Hi Roz

I'm assuming you are asking about exponential averages.

Below is a screen dump of an attachment I put into a reply to a similar question at Stock Meeting Place.

Basically both weighted and exponential averages put more weight/emphasis on more recent data. This is more relevant to do when using long time frames in averages where earlier data can be less significant. But with weighted averages you can apply whatever weighting you like to the individual data values.

Exponential averages are similar to a simple arithmetic average except that a user selected weighting is used to put more weight on the most recent value used to calculate the average....eg...in the example below, the left hand side shows how to calculate a weighted average and the right hand side shows how to calculate an exponential average. To calculate the exponential average I selected a weighting of 10% (but you can use whatever you like) to be applied to the day 8 value of $1.34 ($0.13). You then multiply the previous 7 days simple arithmetic average by 90% (100-10) to get the remainder of the average ($1.15)

The exponential average is then the sum of those 2 components...0.13 + 1.15 = $1.28

So you can see that for short time frames the difference between the simple arithmetic and exp averages is very small. But with longer time frames and maybe larger weightings the differences can be larger.

Reversals usually refer to trends...ie...when a falling share price has eventually bottomed and started rising again and vice-versa for rising share prices.

Anyway, hope this helps

bullmarket

 

[excalibur]

Hi Roz,

As I started in investing, I just got crazy into learning how charts worked and consequentialy planned them into my investment plan for divers stocks and was now and then successful. But as time has gone by, I have learned to limitate myself to not more than two or three favorites. Sometimes none at all.
You will understand why as time will go by.
I have a few links, where you can get short hand information, online and free of charge, about what certain lines mean and how they work.
I would advise you to get them on paper and study them for a while.
Have Fun
Excalibur

http://www.incrediblecharts.com/site_map.htm

http://stockcharts.com/education/IndicatorAnalysis/indicators1.html