Sincerely looking for help and advice on starting in stocks

[nioka]

Re: sincerely looking for help and advice.

Hey Debaron..

(250K is probably chicken feed for most of the posters here) .

I doubt that very much and definetely not so in my case.

 

[MichaelD]

Re: sincerely looking for help and advice.

(250K is probably chicken feed for most of the posters here)

250K is not chicken feed for anyone - you'll find that many more talk the talk than actually walk the walk.

 

[Buster]

Re: sincerely looking for help and advice.

Apologies..

250K is not chicken feed for anyone - you'll find that many more talk the talk than actually walk the walk.

I doubt that very much and definetely not so in my case.

I've been lurking in these forums (generally don't feel qualified to post due to my lack of real stockmarket experience..) for some time, and had formed the impression that many here at ASF were quite advanced and talking big dollars.. like the sort of dollars I to aspire to aquire someday, but sadly have a way to go yet.. I't funny how you can form a mental image from what you read, and sometimes be off the mark..

Didn't mean to cause any offence etc..

Regards,

Buster

 

[barney]

Re: sincerely looking for help and advice.

Apologies..



I've been lurking in these forums (generally don't feel qualified to post due to my lack of real stockmarket experience..) for some time, and had formed the impression that many here at ASF were quite advanced and talking big dollars.. like the sort of dollars I to aspire to aquire someday, but sadly have a way to go yet.. I't funny how you can form a mental image from what you read, and sometimes be off the mark..

Didn't mean to cause any offence etc..

Regards,

Buster

Hi Buster, I personally talk in very big numbers when recalling my losses .....and very small numbers when I am counting up my winnings ...... Cheers, Barney.
PS I'm sure a large majority of people here would be very happy to split your 250 K with you ........

 

[nioka]

Re: sincerely looking for help and advice.

250K is not chicken feed for anyone - you'll find that many more talk the talk than actually walk the walk.

And alot of us walk the walk but only slowly amble along and enjoy the scenery.

 

[MichaelD]

Re: sincerely looking for help and advice.

And alot of us walk the walk but only slowly amble along and enjoy the scenery.

That would be the ones who will enjoy the fruits of success in time.

But just a further comment on a 250K pot to play with, Buster - there is a much higher likelihood of survival with such a decent stake, mainly due to the fact that higher risks are not needed to be taken as is the case with smaller stakes.

 

[nioka]

Re: sincerely looking for help and advice.

That would be the ones who will enjoy the fruits of success in time.

But just a further comment on a 250K pot to play with, Buster - there is a much higher likelihood of survival with such a decent stake, mainly due to the fact that higher risks are not needed to be taken as is the case with smaller stakes.

Having a $250,000 pot is a lot different to $250,000 being chicken food as suggested earlier. There is no more or less need to take risks because of the size of the pot. It all depends on your objectives. At my age (74) I don't want long term investments. As I said, I want to enjoy the scenery. Last year my investments bought me a new car, a modest cabin cruiser and let me enjoy life and not eat into my capital.
I have seen people with a much better stake than $1m lose the lot.

 

[yogi-in-oz]

Re: sincerely looking for help and advice.

Having a $250,000 pot is a lot different to $250,000 being chicken food as suggested earlier. There is no more or less need to take risks because of the size of the pot. It all depends on your objectives. At my age (74) I don't want long term investments. As I said, I want to enjoy the scenery. Last year my investments bought me a new car, a modest cabin cruiser and let me enjoy life and not eat into my capital.
I have seen people with a much better stake than $1m lose the lot.

..... great post, Nioka !~!

happy days

yogi

 

[MichaelD]

Re: sincerely looking for help and advice.

There is no more or less need to take risks because of the size of the pot.
I have seen people with a much better stake than $1m lose the lot.

Generally the smaller the size of the pot, the greater the greed and ego of the newbie trader, which pretty much guarantees failure. "I have $10,000 and I'm going to trade futures and/or options and make a million dollars a year. Boss, take your job and...".

However, if the trader can overcome greed and ego and just patiently "enjoy the scenery" as you eloquently put it, then they will learn to trade safely and survive.

The statistics of success/failure at this game favour those with larger pots to play with. That doesn't mean there are people who simply won't learn their lessons and will still blow their big accounts up.

On a personal note, I trade at 0.5% capital risk per trade and with a very wide stop. Newbies will gasp - "so little?" - but I can happily survive 20 losses in a row with a minimal dent in my capital. You need to have a decent pot to be able to make the parcels involved feasible.

 

[barney]

Hi Guys/Girls (Ladies) , Nioka, You don't look a day over 45 !!!! (You are about my Mum's age ...... good onya, luv my Mum)

No real input here for me except, ......... I had a "reasonable" sized pot to start with, and lost 75% of it through lack of education ........... I agree that a larger initial stake can "buffer" you from the "whip sawing" action of the market, but you must "educate" yourself ............absolutely critical to success .....thats all I have to say ........... Cheers, Barney.

 

[Porper]

Re: sincerely looking for help and advice.

I go along with what Nick Radge ideas on Profit/ Loss Ratio vs Win%


As the bulk of my trades are initated by Triangles or Flags I,m in the 70/80% S/R area , hence the edge is my way Cheers

I can't ever imagine having a 80% success rate ( I don't disbelieve you ).I don't trade many triangles etc. as I don't have the software, if I come across one I will maybe try if price action is correct, but 80 % is high.

I think I read that you have a 1:1 risk/reward ratio (maybe mistaken here)which would explain the high success rate.

Of course Nick Radge does say that the win/loss ratio is the most important, and not the win percentage, but with that combination you will be very profitable.

What software do you use to find your patterns ?

 

[StockyBailx]

The best help and advice anybody could give anybody else is of course thier own exsperiance and know how?

This forum certianly makes for interesting reading and I can certianly vough for most comments made on this thread, although I must say that (Win%)Pofit Compound is the one of the most important factors to trading. I suggest that moving averages are also very important. As they make up the stocks body language. Combined your RSI Relative Strengh Index with CMA- Crossover Moving Average. CPMA- Classic Penatration Moving Average. MACD- Moving Average Convergance Divergance and MVA- Moving Volosity Average are the perfect rule to sucessful trading. Now of course you need these indicator values to ensure a credited Profit Compound can be reached. this method may appear to be difficult, but really it is not for any beginer or professional a like. Fundermentals are a perfect example to finding Profit Compound and re-asurance of your analyisis and trade. Looking back for past surges and breakouts can also be a good indercation of profit Compound. Technical and Charting Analyisis is helpful and above all useful.

I have recently discovered that using Bollinger Bands and Certian values, can be great assistance in analyising a stock based on face value, To understand your trade, its trend and to know when to buy or sell is very Important to me.

I find these methods of analyisis are very sucessful and can give you the upmost convidance in your trading. Almost full proof I think. Plus I find it much more oxcillerating and profitable trading the ASX smalls (0.01-2.0) In general, keeps me keen I guess and boy do they surge and make the bucks.

To whom this thread is mainly concerning. If you are looking for assistance to get your self started, to keep your head above water and your self on the right track to be trading with more of those dollars, that are so very important in making trading easier as mentioned, May I strongly suggest and recommend to you to go the ASX Stock Chat Forum, were you will find a thread called outstanding breakout Alerts. I think this thread is very useful and it can give you a lot of insentive and a inside to the movers of today. Look for my threads (StockyBailx) I visit there often and Iam always more than happy to pass on sum winners that I find to be over 80% profitable, as they are and just before they breakout.

Good luck with all that. I wish you all the very best and I hope you learn to understand my values.

 

[swingstar]

I suggest that moving averages are also very important. As they make up the stocks body language. Combined your RSI Relative Strengh Index with CMA- Crossover Moving Average. CPMA- Classic Penatration Moving Average. MACD- Moving Average Convergance Divergance and MVA- Moving Volosity Average are the perfect rule to sucessful trading.

I have recently discovered that using Bollinger Bands and Certian values, can be great assistance in analyising a stock based on face value, To understand your trade, its trend and to know when to buy or sell is very Important to me.

I find these methods of analyisis are very sucessful and can give you the upmost convidance in your trading. Almost full proof I think.

Eeekk!!

 

[coyotte]

Re: sincerely looking for help and advice.

I can't ever imagine having a 80% success rate ( I don't disbelieve you ).I don't trade many triangles etc. as I don't have the software, if I come across one I will maybe try if price action is correct, but 80 % is high.

I think I read that you have a 1:1 risk/reward ratio (maybe mistaken here)which would explain the high success rate.

Of course Nick Radge does say that the win/loss ratio is the most important, and not the win percentage, but with that combination you will be very profitable.

What software do you use to find your patterns ?

Do not use programmed software to find patterns

I,m only talking about 3 patterns

Setups come from Guppy's " Precision Pattern Trading " Seminar

Have been trading this style for over 2 years .

Cheers

 

[coyotte]

PS : to the above

Both Stocks I was referring to at the time
ROC and LHG both achieved the Triangle Targets --- checK it out !

Difference is : I am a Trader NOT a Anaylist


Cheers

 

[Slick Rick]

Re: sincerely looking for help and advice.

Last year my investments bought me a new car, a modest cabin cruiser and let me enjoy life and not eat into my capital.

"He who dies with the most toys wins."

 

[nioka]

Re: sincerely looking for help and advice.

"He who dies with the most toys wins."

Try taking your investments with you.