Australian (ASX) Stock Market Forum

Tip Sheets - Experiences

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Re: Tip Sheets- Experiences

ctp6360 said:
Thanks RichKid I will get Better Trading ASAP, I was wondering how many of his books I needed to read before the content became a bit redundant but obviously there is gold in each one.

I'm suprised to hear you are still a beginner given your posts but I guess we're eternally students no matter how good we get at any pursuit.
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Yes, we are eternally students but I am seriously still learning (my bank ac proves it!). I have learnt a lot and try to help out when possible (hence the number of posts) but there is a long way to go yet for me. I'm obviously not at the very first step in trading but from what I've discovered recently I may have to revisit that proposition!

I have found a number of other books to be very useful, try going through the rest of the beginners forum and trading tips ('tips' on stocks are not as important as the other stuff). Trade Your Way to Financial Freedom by Van Tharp is also very useful to me, it is well known and recommended by many (do a search for Van Tharp on asf and you'll find some real gems!).
 
Re: Tip Sheets- Experiences

malachii said:
Darryl Guppy has a good theory on how to trade stocks mentioned in tip sheets in his trend trading book - I've used it a couple of times now and what he says has worked for me almost spot on!
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Malachi,

Could you elaborate on that a bit more please.

Thanks
 
Re: Tip Sheets- Experiences

Just a tip on 'tipsheets'. If you are interested in a co and want to know what some of the brokers or tipsters think of it then go to the co website and look up the research/broker reports link (most small co's have one) and you'll see recent reviews. Not the most recent and maybe abridged but good enough imo. Another way to save money.
 
Re: Tip Sheets- Experiences

RichKid said:
Just a tip on 'tipsheets'. If you are interested in a co and want to know what some of the brokers or tipsters think of it then go to the co website and look up the research/broker reports link (most small co's have one) and you'll see recent reviews. Not the most recent and maybe abridged but good enough imo. Another way to save money.
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Rich Kid..
That's good advice, if I could add one caution though, I have found that with smaller less covered companies i.e outside of the ASX300 it pays to check to see if the broker giving the report is also involved with the company. It is amazing how often you find that they are getting a healthy fee for handling that companies share issues/capital raisings. :)
 
Re: Tip Sheets- Experiences

Kauri said:
Rich Kid..
That's good advice, if I could add one caution though, I have found that with smaller less covered companies i.e outside of the ASX300 it pays to check to see if the broker giving the report is also involved with the company. It is amazing how often you find that they are getting a healthy fee for handling that companies share issues/capital raisings. :)
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Kauri,
Yes, spot on, I should have remembered that. Also, the brokers don't usually get it right and they can be vague so don't get too caught up in their views.
 
Re: Tip Sheets- Experiences

Also, being a tad cynical, I wonder how many brokerages/merchant bank types will be giving TLS a bad report card as The Right Honourable John Howard gets close to disposing of his mobs remaining holding. :p:
 
Subscribing to reports?

Hey everyone,just wanting to learn to trade in the stockmarket and am wanting to know if joining stock reports like The Australian Stock Report or Rivkin Report are a good idea?Just joined this forum and it seems very helpful.Thanks for any replies
 
Re: Subscribing to reports?

n_b23 said:
Hey everyone,just wanting to learn to trade in the stockmarket and am wanting to know if joining stock reports like The Australian Stock Report or Rivkin Report are a good idea?Just joined this forum and it seems very helpful.Thanks for any replies
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Firstly welcome to ASF. You'll find this is a place where a lot of wisdom gets shared. There's a lot of accumulated knowledge in the threads. If you are starting out, take the time to search them and read some of the responses.

The question you have asked, is asked often by new members. You might like to read the replies in the following thread about courses and reports.

https://www.aussiestockforums.com/forums/showthread.php?t=1578

At the end of the day, you're the one that is parting with hard earned cash. Do your own research, have a trading plan and only enter into a trade if it fits with your financial profile and helps you achieve your financial goals and objectives. Likewise, don't enter a trade if you're not prepared to lose money. At the end of the day, read the threads, the books, articles etc and learn as much as you can before you trade. Consider paper trading for awhile. Personally I would never rely on a tip sheet but that is a part of my trading plan.

Good luck!
 
Re: Subscribing to reports?

n_b23 said:
Hey everyone,just wanting to learn to trade in the stockmarket and am wanting to know if joining stock reports like The Australian Stock Report or Rivkin Report are a good idea?Just joined this forum and it seems very helpful.Thanks for any replies
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http://www.aireview.com

I think that one is really good, its free also

U can search by ASX code and its sorted by date. Also covers broker upgrades/downgrades/target prices. Also analyst reports on various topics. Its updated Daily except weekends
 
Re: Tip Sheets- Experiences

Hi

Just joined this forum, am based in Kiwiland, trade fundamentally and technically. Mixed results, but better results from ASX than NZX. Use Metastock 8. Am considering subscribing to one or more of these:

Intelligent Investor, The Chartist (Nick Radge), Harper Trading System.

Anyone who has used any of these care to comment on their worthwhileness?
Thanks

dougy
 
Re: Tip Sheets- Experiences

Haven't used any of them so can't give you any specific advice on how I found them, but...

Have developed a distaste for Intelligent Investor after their article comparing Alinta to Enron (business models may be similar, but hopefully the management isn't as shonky).

Nick's book is excellent and that alone would sway me to picking his from the three.
 
Re: Tip Sheets- Experiences

smrt-guy said:
Haven't used any of them so can't give you any specific advice on how I found them, but...

Have developed a distaste for Intelligent Investor after their article comparing Alinta to Enron (business models may be similar, but hopefully the management isn't as shonky).

Nick's book is excellent and that alone would sway me to picking his from the three.
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Exactly; if you cant learn from Nick you can't learn from anyone. I dont subsciribe myself but if I did subscribe to anything it would be the chartist.
 
Re: Tip Sheets- Experiences

Ok

So we find a tip sheet we like now how do you turn a tipping sheet into a trading method?

Do you think one can make a consistant profit trading tip sheets?
Is the ability to tip over 50% winners a necessity for tip sheet selection.

Lets see some suggestions of tip sheet trading and Trade planning around tip sheets.Perhaps if someone is using a tip sheet we/you could devise and trade a "Plan" here. To perhaps go some way in answering the question of how benificial they are to traders.

Perhaps a couple of ideas could be traded.
Win /loose/ or draw some experience maybe drawn.
 
Re: Tip Sheets- Experiences

Snake Pliskin said:
Malachi,

Could you elaborate on that a bit more please.

Thanks
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Malachi hasn't answered so I'll try.

There are over 2000 stocks on the ASX which is much too many to watch each day. Guppy had a number of strategies to reduce this number.

One strategy was to use the shares magazine. You would take all of the tips and look at them technically. If they are technically good (choose your favourite indicators) then make an entry or put them on a watch list for an entry. It is surprising. In a share's magazine there might be 10 tips but only one or two would be a decent buy.
 
Re: Tip Sheets- Experiences

tech/a said:
Ok

So we find a tip sheet we like now how do you turn a tipping sheet into a trading method?

Do you think one can make a consistant profit trading tip sheets?
Is the ability to tip over 50% winners a necessity for tip sheet selection.

Lets see some suggestions of tip sheet trading and Trade planning around tip sheets.Perhaps if someone is using a tip sheet we/you could devise and trade a "Plan" here. To perhaps go some way in answering the question of how benificial they are to traders.

Perhaps a couple of ideas could be traded.
Win /loose/ or draw some experience maybe drawn.
Click to expand...

-Make up our own tip sheet.

-Call it the "Ripped Skin Report".

-Get a huge following by puting a pair of homosexuals on an infomercial about it.

-Buy shares in whatever company with an account in someone elses name and then ramp and spruik our butt off in our newsletter then sell before everyone figures out the stock is a dog.

-Get done for insider trading and hang ourselves.

Sound like a plan? :D
 
Re: Tip Sheets- Experiences

mit said:
Malachi hasn't answered so I'll try.

There are over 2000 stocks on the ASX which is much too many to watch each day. Guppy had a number of strategies to reduce this number.

One strategy was to use the shares magazine. You would take all of the tips and look at them technically. If they are technically good (choose your favourite indicators) then make an entry or put them on a watch list for an entry. It is surprising. In a share's magazine there might be 10 tips but only one or two would be a decent buy.
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Mit,

Thanks, I remember reading that in trend trading. I was a little scepticle, but saw his logic in it. :fish: A bit like fishing was his analogy.

Snake
 
Re: Tip Sheets- Experiences

Milk Man said:
-Make up our own tip sheet.

-Call it the "Ripped Skin Report".

-Get a huge following by puting a pair of homosexuals on an infomercial about it.

-Buy shares in whatever company with an account in someone elses name and then ramp and spruik our butt off in our newsletter then sell before everyone figures out the stock is a dog.

-Get done for insider trading and hang ourselves.

Sound like a plan? :D
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I won`t try to imagine the skin ripping part :arsch:

How about the "You can do it report"
 
Re: Tip Sheets- Experiences

Ar ar ar. Milk.

It was/is a serious point.

There is much debate as to which is the best.
Inferring which picks the most accurate growth stocks.

That wont be known till after the fact.This months "Boys only" Investment Newsletter may be the leader in picks this year but next you may find "Skin rippers monthly" took first prize while your past leader you now subscribe to finished a dismal bottom (err sorry).

Clearly there seems little or no planning just invest in their top picks and let the responsibility for win or loss be on the newsletter.

Ill start the ball rolling.
Investment newsletters supply the opportunity to compile a trading Universe.
 
Re: Tip Sheets- Experiences

They can also be technically or fundamentally biased.

...depending on what you go with. :remybussi

Decide what you are or want to be. Are you a technical person / aspiring trader or a fundamental person / aspiring investor?

An answer to this question will lead you to the newletter you need to decide on.
 
Re: Tip Sheets- Experiences

Snake Pliskin said:
They can also be technically or fundamentally biased.

...depending on what you go with. :remybussi

Decide what you are or want to be. Are you a technical person / aspiring trader or a fundamental person / aspiring investor?

An answer to this question will lead you to the newletter you need to decide on.
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Not necessarily. With the rippedskin report they have that big of a distribution that it could and probably does move the market. With this in mind, all you would need to do would be to buy ASAP and then manage your exit. I think ol' Wyatt Earp (Guppy) said six to eight weeks was a good hold time, this was with shares mag I think. Of course the smaller the market cap and the heavier the spruiking it gets the better. Maybe we should start up a newsletter called "The chicken report". :D (Just kidding chicko)
 
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