Australian (ASX) Stock Market Forum

Serious newbie wanting to learn

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Wysiwyg said:
Come on fellas. There is a tonne of b.s. to wade through at the start. Everyone has to start somewhere and free online courses is what some choose. If they are duped from there in it is also a trading lesson. Has anyone had a look at the Wall Street Insider Kit?
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Yeah I agree Wys. Certainly not trying to make light of NT's searching for stuff to read etc. There is just a lot better stuff out there than Sammy is offering ..... I'm pretty sure NT is smart enough to sort out the wheat from the chaff after a bit more investigation.
 
To NT82,

The Weinstein book you refer to a quite good I think. There are plenty of "older" books that quite good to read, even "The Art of Speculation" by Carret. If you think about it, one of the consideration in Peter's system here, and Jim Bergs and <insert name here> all use moving average in some form, despite always being spoken of an negative light as LAGGING. Even if you don't agree with what you read, you have worked out what you don't like.

The more you read the more you think (in my case) that things don't really change that much!

(And to whoever posted about the adding year to name... I do that for many email related accounts as "name" is otherwise taken, and by appending a 'year' makes it unique. So give him some slack.... never know, if NT hangs around we might learn something from him .... even!)

Cheers
 
All part of my learning/sifting/thinking/discarding etc journey. I appreciate all the feedback very much. I'll get 'there'. I never give up. Even if 'there' means i come to the conclusion its not for me, I will still consider the journey a success.

I have some great material to read and process, mostly on VSA, money/risk management and positive expectancy. I am thoroughly enjoying the journey so far. No pressure means i can really absorb it.

Thanks again.
 
barney said:
Yeah I agree Wys. Certainly not trying to make light of NT's searching for stuff to read etc. There is just a lot better stuff out there than Sammy is offering ..... I'm pretty sure NT is smart enough to sort out the wheat from the chaff after a bit more investigation.
Click to expand...

Thanks mate. I did the same thing with real estate, and it took time. There is sooo much nonsense being peddled out there that its a minefield so i can expect the same in the trading world. It feels 'fun' being a newbie again. :)

Cheers
 
smallwolf said:
To NT82,

The Weinstein book you refer to a quite good I think. There are plenty of "older" books that quite good to read, even "The Art of Speculation" by Carret. If you think about it, one of the consideration in Peter's system here, and Jim Bergs and <insert name here> all use moving average in some form, despite always being spoken of an negative light as LAGGING. Even if you don't agree with what you read, you have worked out what you don't like.

The more you read the more you think (in my case) that things don't really change that much!



(And to whoever posted about the adding year to name... I do that for many email related accounts as "name" is otherwise taken, and by appending a 'year' makes it unique. So give him some slack.... never know, if NT hangs around we might learn something from him .... even!)

Cheers
Click to expand...

Thanks mate, yep his book is an oldie but i am working through it and enjoying the concepts. He tends to keep it very simple which is a recurring theme i am hearing from quite a few successful traders, simple is best. I spoke to Nick Radge this morning and he basically said the same thing, doesn't need to be so complicated.

With regards to the other earlier negative comments, its all good. That stuff doesn't penetrate my mental buffer in the slightest.

Cheers
 
smallwolf said:
(And to whoever posted about the adding year to name... I do that for many email related accounts as "name" is otherwise taken, and by appending a 'year' makes it unique. So give him some slack.... never know, if NT hangs around we might learn something from him .... even!)
Click to expand...

NewbieTrader is not taken on this forum. First post on forum stating how much exact profit made instead of just say "a good profit in property market". It's all the factors added together. I just pointed out the many factors of usually sus accounts.

We had another member in the forex part who came here with dubious claims and later exposed to be full of lies.

Doesn't bother me either way, I point what I see out - people can make own conclusions. I would've gave my 2 cents on learning without those potential red flags. Didn't matter in the end, plenty of advice was given anyway.
 
Why does it matter anyway if it's a second account (even though Joe said it is not) anyway? You would be dishing out the same advice regardless, presumably. He isn't even selling anything and if he was why would he have a name called newbietrader, it doesn't inspire confidence.
 
It doesn't matter - I have not called for anyone to not give advice. I simply pointed out what I see. I said in the first post good discussions will result anyway.

Second accounts are easy to make - use different device with use a VPN/library/cafe/work connection. But that's another topic.
 
I like his final statement .....

Quote:- Purchasing better equipment and doubling down on your "passion for mining" can't help you if you're digging in the wrong places.
 
Just wanted to say a quick thank you to everyone that has contributed to this thread. I guess it's all about being in the right place at the right time but having spent the last few weeks lurking through the threads, this is by far the most "approachable" newbie thread I have come across that is still active.

Anyway back to reading and learning.
 
tech/a said:
I don't know this guy.
But I have used for a few years Volume support and Volume resistance.
Ill have to look at his stuff as I haven't seen what I do for myself taught
or used by anyone else. The volume Support and or Resistance is based around
high bullish or Bearish volume and is more a zone.
OH
and it works in REALTIME.
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I note TradeGuider seems to be using volume control bars now.

I haven't watched any TradeGuider stuff for a while but I just watched one of their videos. They now make use of what they call "trigger bars" (very high volume bars) and "trigger numbers" (H, L & C of the trigger bar). Looking for a strong break of the trigger bar and/or a test of the trigger bar.

The trigger bar setup is available as an add-on to their software for an additional fee. He says he "invented the term" in his first book, I've never noticed it actively pushed until now though. (probably because they didn't have a trigger bar add-on for purchase until now.)
 
Yeah don't buy Sam Seiden videos or anything like that what I meant was that his free material is a good starting place to learn about basic Supply and Demand concepts relating to financial markets..

Do not pay anyone to 'learn' to trade there is so much free material available online, everything you need is freely available.

In my earlier post I mentioned Wyckoff as one of the key concepts I use but forgot to mention @motorway an ASF old timer with some fascinating Wyckoff insight. If you have the time I encourage you to read up everything this mystery poster has shared on the topic.

https://www.aussiestockforums.com/members/motorway.7360/
 
Lone Wolf said:
I note TradeGuider seems to be using volume control bars now.

I haven't watched any TradeGuider stuff for a while but I just watched one of their videos. They now make use of what they call "trigger bars" (very high volume bars) and "trigger numbers" (H, L & C of the trigger bar). Looking for a strong break of the trigger bar and/or a test of the trigger bar.

The trigger bar setup is available as an add-on to their software for an additional fee. He says he "invented the term" in his first book, I've never noticed it actively pushed until now though. (probably because they didn't have a trigger bar add-on for purchase until now.)
Click to expand...

Hadn't noticed Gavin following me.
The way he uses then and the way I do will be very different
Best I not post about low volume bars you'll see that in the next Tradeguider up grade.
 
tech/a said:
Hadn't noticed Gavin following me.
The way he uses then and the way I do will be very different
Best I not post about low volume bars you'll see that in the next Tradeguider up grade.
Click to expand...
Gee whiz Tech I feel you are on the verge of busting volume and price relationships wide open. :laugh:
 
"I note TradeGuider seems to be using volume control bars now.

I haven't watched any TradeGuider stuff for a while but I just watched one of their videos. They now make use of what they call "trigger bars" (very high volume bars) and "trigger numbers" (H, L & C of the trigger bar). Looking for a strong break of the trigger bar and/or a test of the trigger bar."

I would like to see the analysis of the same intraday futures market with these new trigger bars and any kind of special zone indicator against simple daily volume profiles and a long term composite. I'm sure the conflueneces would be very enlightening and totally unsurprising. Volume is volume, still one of the best and under utilised leading indicators of all time.
 

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