Starting out

barney · 31 December 2006

It's Snake Pliskin said:
What a stupid post. Really, do you think it is all about tips and recos and info?

Howdy Snake, Just so this thread doesn't end up in a "Snake bashing comp" like what happened with the Tech/Yogi thread, can I offer my opinion re the thread so far ............
Larry is only young, and a new poster. I remember when i first posted it was hard to know what to ask/say, or the best way to ask it cause you kind of feel uncomfortable and want to "fit in" so to speak. My guess is that Larry was only trying to "break the ice" and probably did not even realise that asking for tips is not the way ASF operates.

Could I suggest you PM Larry and explain to him why his post was not suitable, and I'm sure he would appreciate that. I for one respect your "shoot from the hip" style, but I guess that some who don't understand how you operate may be a bit offended .............. All the best, Barney.

It's Snake Pliskin · 31 December 2006

Larry123 if you have any questions please feel free to ask me at any time. Your post was the sort of post that is repeated endlessly which is why I shot it.

Barney who I repsect has been the best new poster on this forum. He is upfront and gives reasons and information regarding his predicaments etc. This we can work off and help.

For an introductory read get yourself a copy of Van Tharps Trade your way to Financial Freedom. It will give you a good understanding of what there is. From there there are those on this forum who will guide you.

Happy New Year Barney.

Julia · 31 December 2006

barney said:
Howdy Snake, Just so this thread doesn't end up in a "Snake bashing comp" like what happened with the Tech/Yogi thread, can I offer my opinion re the thread so far ............
Larry is only young, and a new poster. I remember when i first posted it was hard to know what to ask/say, or the best way to ask it cause you kind of feel uncomfortable and want to "fit in" so to speak. My guess is that Larry was only trying to "break the ice" and probably did not even realise that asking for tips is not the way ASF operates.

Could I suggest you PM Larry and explain to him why his post was not suitable, and I'm sure he would appreciate that. I for one respect your "shoot from the hip" style, but I guess that some who don't understand how you operate may be a bit offended .............. All the best, Barney.

Hi Barney,

Ever thought of a career in the diplomatic service?

What a great post - good for you. Typical, too, of your conciliatory and peace-keeping style. Perhaps we could clone you.

Julia

barney · 31 December 2006

It's Snake Pliskin said:
Larry123 if you have any questions please feel free to ask me at any time. Your post was the sort of post that is repeated endlessly which is why I shot it.

Barney who I repsect has been the best new poster on this forum. He is upfront and gives reasons and information regarding his predicaments etc. This we can work off and help.

For an introductory read get yourself a copy of Van Tharps Trade your way to Financial Freedom. It will give you a good understanding of what there is. From there there are those on this forum who will guide you.

Happy New Year Barney.

Good onya Snake, Happy new year to you as well ............. I hope Larry takes the time to PM you ........... All the best, Barney.

barney · 31 December 2006

Julia said:
Hi Barney,

Ever thought of a career in the diplomatic service?

What a great post - good for you. Typical, too, of your conciliatory and peace-keeping style. Perhaps we could clone you.

Julia

Howdy Julia, Kind words (I'm not sure I deserve them) ....... PS Believe me ..... One of me is more than enough ........... just ask my wife Happy New Year to you as well.

nizar · 31 December 2006

It's Snake Pliskin said:
For an introductory read get yourself a copy of Van Tharps Trade your way to Financial Freedom.

I would recommend this book as well.
A good read.

Joe Blow · 1 January 2007

nizar said:
THis thread opening is inviting rampers to do their thing.
Halba has already lead the way.

Not any more.

Any further ramps in this thread will be deleted.

Carry on!

Joe Blow · 1 January 2007

larry123 said:
Hey, i'm a new investor and I am just starting out in shares.
Does anyone have any information or top picks for shares?

Thanks

Larry,

Always do your own research and, as others have said, do not rely on tipsters. Ultimately they don't care if you make or lose money. Their ramps are motivated purely by self-interest.

Hope you enjoy the forums. There is a lot of valuable information to be found here.

SevenFX · 4 January 2007

larry123 said:
Hey, i'm a new investor and I am just starting out in shares.
Does anyone have any information or top picks for shares?

Thanks

Hey Larry, Hi & Welcome to ASF.

You've have to quickly learn 2 ignore some people on here, their posts will speak for themself.

It's Snake Pliskin said:
What a stupid post. Really, do you think it is all about tips and recos and info?

It's Snake Pliskin said:
Buy low and sell high = regurgitation!
Use those thought processes.

Who named him "Snake" Anyway....was it members round here....????

Moderators this is typical Snake "slash n burn" to NEW MEMBERS of which starts flair Ups on ASF....Will this continue to happen from people like Snake & Yogi.

What is his Valuable Contribution Vs Slash N Burn ratio...???? (Rhetorical Question)

Silence Is Acceptance... So Snake & Yogi thinks.

marklar · 4 January 2007

larry123 said:
Hey, i'm a new investor and I am just starting out in shares.
Does anyone have any information or top picks for shares?

Larry,

I'd suggest to get involved, put some money in play and you'll learn very quickly!

I'm still holding some of my initial purchases, even though they've gone mostly sideways as I've yet to recover brokerage on any increases.

Pay attention to the forums like this one and do your own research, particularly before risking large sums of money. The most useful thing I have found is to keep an eye on the chatter about undervalued stocks, or those with a positive business model.

m.

Happy · 4 January 2007

Possibly this thread can be used by new posters, to see what to do and what not to do when starting out.

First of all, would be nice idea before entering any forum, to check what are the rules, do few searches to see if any of the questions were asked before.

Maybe read few posts on trading, have a look at trading techniques and try to learn something.

Alternatively if tips needed badly, and somebody wants to be passive investor, best place to go is to talk to qualified adviser; qualified adviser can make you to lose money, but has the right to give advice.

Listed property trusts might be the place to start too.

But some reading is required no matter what.

Smurf1976 · 4 January 2007

Number one rule in my opinion is to START SMALL.

Keep most of your money in the bank or some other safe place whilst you are learning about shares. It's likely that you'll make some mistakes and lose some money before making a profit. Losing 5% won't matter, but lose 50% of your money by starting out too big and you've got a major problem.

Always remember that the market will still be there tomorrow so there's no hurry. Learn first, then invest the big $. Don't try doing that the other way around...

Snakey · 4 January 2007

Smurf1976 said:
Number one rule in my opinion is to START SMALL.

Keep most of your money in the bank or some other safe place whilst you are learning about shares. It's likely that you'll make some mistakes and lose some money before making a profit. Losing 5% won't matter, but lose 50% of your money by starting out too big and you've got a major problem.

Always remember that the market will still be there tomorrow so there's no hurry. Learn first, then invest the big $. Don't try doing that the other way around...

very good advice smurf
i learnt this one this one the hard way but i lost more than 50%
made it back now though plus more
if you have 100k then practice with 10k until it turns into 5K... by then you should know what you're doing.
leave 90k in the bank until you know what your doing. usually about 6 months
i am a self taught trader but i guess reading books would be a good idea

theasxgorilla · 4 January 2007

This is good advice. Unless you're some trading virtuoso you'll blow a hole your account through ignorance eventually. The sooner you are humbled and the smaller the damage, the better.

In his book Come Into My Trading Room, Alexander Elder sets the first year beginner target at, "to not lose more than 10% of your trading capital in your first year of trading".

I did better than that. I made a killing my first year trading and gave half of it back again the next year, right in the middle of a run away bull market...go figure, bitter sweet lessons learned.

Starting out

barney

It's Snake Pliskin

Julia

In Memoriam

barney

barney

nizar

Joe Blow

Administrator

Joe Blow

Administrator

SevenFX

marklar

Happy

Smurf1976

Snakey

theasxgorilla

Problem solved... next bubble.

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