Beginners - Introduce yourselves!

[jeromejf]

hi !!
just noticed your forums on the web... nice ..hope i can learn something here.. ive just started trading recently from home... hope to grow my spare cash savings.. :)

[Joe Blow]

I have decided we need a thread where those new to ASF or to the stock market can introduce themselves to the rest of the community. This way, we can avoid having 1,000 threads where people introduce themselves.

I have decided that this thread will be it! :)

So please, if you haven't already, feel free to introduce yourself!

[jeromejf]

Thanks for moving my post ... navigation is a bit hard here :eek7:

[TheAbyss]

You picked a great week to start :cool:

[Goldbug]

Howdy all

Just joined myself.. Been trading for over 12 months now, mainly gold stocks.
Still learning :banghead: Hard week but good bargains to be found.

[Joe Blow]

While I have the attention of ASF's newcomers... could you all please take a few minutes to read through:

ASF Posting Guidelines (http://www.aussiestockforums.com/forums/announcement.php?f=4)

The ASF Code of Conduct (http://www.aussiestockforums.com/forums/code.html)

Thank you! :)

[canaussieuck]

You picked a great week to start :cool:

Indeed if you were ever to pick a week to start trading or investing, this would be.......the best by far.

All of the best practices for surviving in a declining market are being discussed. Don't rish out and buy stocks because you think you will miss out, there will be opportunities again to go long.

I joined last year after i started trading in May, and that experience along with the great members of ASF taught me many valuable lessons.

Read up, research, and read. Its your money, invest it wisely.

Welcome all, and good trading.

Cheers,

[Goldbug]

Agreed.

Research, reading, formulating a plan, company fundamentals, chart analysis, replaying your strategy, implementing your plan. Sticking to your plan, emotional control.
All play a part to investing your hard earned.

[Kimosabi]

Indeed if you were ever to pick a week to start trading or investing, this would be.......the best by far.

All of the best practices for surviving in a declining market are being discussed. Don't rish out and buy stocks because you think you will miss out, there will be opportunities again to go long.

I joined last year after i started trading in May, and that experience along with the great members of ASF taught me many valuable lessons.

Read up, research, and read. Its your money, invest it wisely.

Welcome all, and good trading.

Cheers,

Another good lesson.

Check International Indicies before committing to a trade...

[swhmale]

g'day all, i'm also fairly new to these pages but find them to be a great source of encouragement and information. this week creamed me on paladin, thought my stop was pretty well placed at 9.55 but a 1.50 drop on open was not in my thoughts, or many others for that matter. when it reached 9.50 early afternoon i thought i was safe, but got kicked again. boy, the education never stops, always something new.

[Out Too Soon]

g'day all, i'm also fairly new to these pages but find them to be a great source of encouragement and information. this week creamed me on paladin, thought my stop was pretty well placed at 9.55 but a 1.50 drop on open was not in my thoughts, or many others for that matter. when it reached 9.50 early afternoon i thought i was safe, but got kicked again. boy, the education never stops, always something new.

Hi All! I,ve only been trading for 20 months learnt a hell of a lot on this forum. One thing I've learnt is stop losses dont work for me. Why? well the market will prob bounce back before a bigger fall (history repeats) & you could have sold PDN at a profit, even if that's not the case as long as you didn't put all your eggs in one basket (silly) then Paladins' sp will recover eventually.
Don't take my word for it, try stop losses, work it out for your self. Just start small & work your way up. Take everything in, beleive nothing without testing it yourself.
PS: Never pay for advice, a system, a newsletter. :)

[borat]

Yagshemash!

I've been exploring and educating myself with the market since March-April last year and experienced my first correction in may and what an experience! I lost a bit in panic, lack of emotional control, lack of experience and education and have to say that it'smade me more alert and motivated by loosing money... An expensive lesson...

I'm finding the education is a never ending process, depending on how deep you want to go, I'm sure you'll never stop...

My goals are:

Master my emotions and self control - Psychology
Establish a plan that has some disciplined flexibility
Understand charting and technical analysis without contradicting a fundamental view
Be patient - My impatience had lead me to disappointments
And keep learning something new daily
And make money!!!

I hope that being here and becoming an active member in open discussion, feedback and challenged criticism that it'll help the above goals and I'll become all more wiser... and wealthier...

Cheers guys...

B.

[insider]

Yeah I'll introduce myself but it's like Borat ^ Is just like me... Scary... I do really convincing Borat impersonations too...

I'm really nervous about corrections like this one that's going on... I want the 50% CGT discount beacuse I'm optimistic about my returns this year but anything can happen so holding during the correction could be a bad thing... Why couldn't the correction just mind it's own business... :mad:

[AnalysisParalysis]

Hi,

Excuse the cheesy name, it's the best I could come up with. Trading, or doing something resembling it, since around April 05. Getting hammered this week, but I know I'm not alone.

Regards.

[nomore4s]

Hi,

Excuse the cheesy name, it's the best I could come up with. Trading, or doing something resembling it, since around April 05. Getting hammered this week, but I know I'm not alone.

Regards.

lol, great name

[AnalysisParalysis]

Make that '06.

[>Apocalypto<]

Hi members, I'm Joseph, 25 years young from Melbourne.

I have been trading for around one and half years now but the first six months i was really gambling had no idea at all.

Corrections are great as long as thats all they are ha ha ha :D

[petervan]

Hi everyone.My name is peter and i am from Adelaide, 44 years old. Owned shares most of my life.My father was involved in the sharemarket and i think its rubbed off.Trying to sell a business at the moment so can then focus fulltime on stockmarket.Happy trading. :)

[Teddy Bear]

Hi I am also new (trading from home/Sydney for past 12 months) and found this forum only days before the current pullback so was sort of ready, but being new to the forum the information hadn't sunk in enough to be fully prepared. I managed to take profit on some shares, bought one lot at what I hope will be a bargain once the dust has settled and will sit with what I have in the red with hope that they weather the storm. Big lessons for me over the past few days but am not going to punish myself too much as it is all a learning curve and while I'm not taking much profit I'm not too far down. Things could be a lot worse. In the meantime like most of you I will keep on researching and learning. I come from corporate pharmaceuticals so the stock exchange/shares etc are a huge change for me. Good luck to all.
TB

[timelord]

Greetings all

Just started in Jan 07. Making all the mistakes. Paniced and sold PDN and took a big loss and then it bounced back. Am learning heaps from the forums. Nothing like losing your own money. :banghead:

[coyotte]

Greetings all

Just started in Jan 07. Making all the mistakes. Paniced and sold PDN and took a big loss and then it bounced back. Am learning heaps from the forums. Nothing like losing your own money. :banghead:

Mmmm sounds like your making the same mistake 99.9% of us do or did.

Take a hint --- this IS the holy grail --- master the Psychology/Money Management side of Trading FIRST ---- Analysis will then take care of itself.

Cheers

[bean]

We all learn something new every day. The main thing is never invest more than you can afford to lose. Being in front count that as a bonus. Remember most profits are only paper its not real till you lose or cash in. Guard every dollar invested as though its your last.

[ged]

hi all. new to trading from sydney. turning 19 this year.

was able to get a job while at uni, so instead of being like the rest of the uni bums, i think i might invest my money in something for the future. hoping to learn alot.

[melbmade]

Hi all! my names matt, im 19 from melbourne....Been trading since oct 05, been following particular companies some months before that however. My first year trading taught me a hell of a lot! Making a loss of around 2k (small fish i kno!) but this FY have seen a profit of around 3k thus far. I love trading as im learning something new every single day ! studying commerce (majoring in fin. and acc.) i aspire to become a stockbroker! Reading all you can and researching something to the wits end is my best advice! Good luck to everyone...and remember, generally the harder you work at something the better you become! :)

[rowes]

Hi I'm Rowes,

I like candlelit dinners, long walks on the beach and snuggling up for a good movie hahaha, just joking.

I've been reading and reading and reading for about 18mnths now, I have yet to make an actuall trade, done great with paper and cant wait to see how I go in the real world. Opened up my internet brokers account this week actually but will hold of for a liiiiitttlllee bit longer. I am determined to finish my current book at least before I start. (unless i see something to good pass over :) )

I'm a Technical fan, (but am keen as to be more than that too)

happy trading

[Mac]

Like Rowes, I have been reading and reading but yet to make my first trade. Waiting on the bank to okay my LOC and looking forward to learning from some of the more experienced traders here.

For those other n00bs who may sign up prior to March 29 the ASX sharemarket game is open for registration.

[Bomba]

I've been trying to register for that share market game but the link does not work for me.

Is anyone else having problems with it?

[Mac]

Are you using the correct links Bomba?

https://www.asxsmg.com.au/join.public.php

[insider]

HEY fellow newbies... if any of you are planning to join in on the ASX sharemarket game please post here... http://www.aussiestockforums.com/forums/showthread.php?t=5810

That's where all the cool kids hang out ;)

[SteveM]

Since I have posted here, I had better introduce myself.
I'm Steve and I have dabbled in investment property - poor tenants, poor agents and not really enough backup funds to cope put paid to that.
I am now looking at taking some charge of my future by investing/trading. Currently reading a few books that have been mentioned here and looking at the moment as I wont be ready to use real money for a few more months.
The regular posters here seem to be ready and willing to share their knowledge which is a real bonus to the noobs here, a lot goes over my head but I'm trying to get a handle on it.

Steve

[waza1960]

Hi all just thought I'd say hello I've being Share Trading about 5yrs Personal & SMSF and after being in business for 20years (service based) I have decided to downscale and get right into trading.I have started in options and am looking at fx and cfd's.I am thinking of trading all three as I usually go in boots and all.Anyway I find this forum very educational

[DionM]

I've already posted my other thread, but 29yo engineer here, bored (?) with the few blue chips I have, looking for other interests.

[The Y-man]

Hi All,

I've been trading about 5 years now, but learning new things every day. Have had goes with options and shorts, but these days pretty much into trading long bluechips.

Looks like a lot of reading ahead of me in this forum. :)

Cheers,

The Y-man

[investforwealth]

Hi folks. I'm 29 and live at Bargara, near Bundaberg in Qld, about 4hrs north of Brisbane. I discovered and joined ASF today. I've joined a couple of other stock forums, but none seem as active as ASF. I'm looking forward to becoming a part of this great community.

I've had an interest in the market for some time now and over the past 12 months have been eagerly devouring as many books on trading and investing as I can.

I paper traded for a while, but became frustrated that I couldn't spend the profits I was making! I setup a CommSec account with their premium trading platform and got into the market just days before the correction hit.

Almost bailed when my holdings were about $1,500 in the red, but decided to hang on for the ride. I'm now very glad I did, as those same stocks are currently up by about the same amount, and at least I've had an opportunity to pickup some good stocks at discounted prices.


The most profound conclusion I've reached so far: The more I learn, the more I realise I've got so much more to learn.

[ZacR]

Hey guys. I am a 24 y.o guy from Brisbane. I am what you would call extremely 'fresh' to investing.. I am loving this forum, as there are a whole range of different people with different idea's bouncing off each other.

I have a random question if anyone cares to share their opinion...

I notice that this forum is dedicated mainly to stocks. Is this because it is unreasonable to expect a constant return on investment (ie: year after year) of between 25 - 30 &#37; p.a if spreading your money across, say, 5 - 10 different managed funds to account for voltality ? Or is everyone chasing even higher returns ?

[kennas]

Hey guys. I am a 24 y.o guy from Brisbane. I am what you would call extremely 'fresh' to investing.. I am loving this forum, as there are a whole range of different people with different idea's bouncing off each other.

I have a random question if anyone cares to share their opinion...

I notice that this forum is dedicated mainly to stocks. Is this because it is unreasonable to expect a constant return on investment (ie: year after year) of between 25 - 30 % p.a if spreading your money across, say, 5 - 10 different managed funds to account for voltality ? Or is everyone chasing even higher returns ?Hi Zac. Wecome aboard!

I have more money in managed funds than individual stocks and they have performed ok, but not as well as the shares over time. Shares are basically my hobby while I expect the managed funds to pay for my retirement, so I need this money to be relatively well protected. Having said that, they still get hammered during a correction like individual shares. Just not as much potentially. My shares are just about all resources, and by way of an example of the difference in volatility, during the last correction my managed funds lost about 2%, while the stocks went down about 15%.

You will find there is lots of discussion here on junior resource companies but there's plenty of threads on other topics. Just have to find your niche.

All the best!
kennas

[ZacR]

kennas, thanks for the welcome :)

I had a look at your site.. you seem to be doing exactly what I want to be doing and why I am interested in investing and that is Travelling !

Its good to see that people can use the money that they have worked hard for to work for them so they are able to do the things they enjoy. I hope I'm able to find the right way to go about acheiving the same thing very soon... (impatient!)

[Adam.S]

Hi guys, just looking around and am interested in shares but at the moment I have no idea about them eheheh

cheers

[Boyou]

Hi Good People!
Just found this forum..but have been looking for something like it for a while. Only recently threw my savings pot in the investing ring...I will watch and learn. Cheers:eek:

[crombo97]

Hi All
Very new to trading ive been going about 12 months:banghead: :banghead:
29yo and i live in Orange (Country NSW)
Im only in gold atm but this fourm has opened my eyes:D

[kennas]

Welcome aboard guys. Don't be afraid to ask questions here, but best to do searches and go back through the threads first to make sure your questions haven't already been covered. Most people are really happy to help out. All the best! kennas

[timelord]

Mmmm sounds like your making the same mistake 99.9&#37; of us do or did.

Take a hint --- this IS the holy grail --- master the Psychology/Money Management side of Trading FIRST ---- Analysis will then take care of itself.

Cheers

Have now bought into ACB, BMN, SMM. Happy to wait and see what happens. :rolleyes:

[Chorlton]

Hello All,

I found this site today, read a few threads, and as a result have now registered!!! :)

I've been trading in the UK for just over 2 years but have now recently emigrated to Melbourne !!!!

Hoping to build up some new "Trading Friendships".....

Good Luck to All,

Chorlton

[kennas]

Hello All,

I found this site today, read a few threads, and as a result have now registered!!! :)

I've been trading in the UK for just over 2 years but have now recently emigrated to Melbourne !!!!

Hoping to build up some new "Trading Friendships".....

Good Luck to All,

ChorltonEnjoy Chorlton. We accept all kinds here. Even Poms. :D

[insider]

Hello All,

I found this site today, read a few threads, and as a result have now registered!!! :)

I've been trading in the UK for just over 2 years but have now recently emigrated to Melbourne !!!!

Hoping to build up some new "Trading Friendships".....

Good Luck to All,

Chorlton

You've made two wise decisions so far... Melbourne and Aussie Stock Forums... You obviously did well at school... :D welcome :D

[Chorlton]

Enjoy Chorlton. We accept all kinds here. Even Poms. :D

LOL..... Only been on here 20mins and my first POM comment already!!! mmm...... ;)

Now I've found this site I'm sure I will have plenty of questions to post....

All the best & Thanks for the reply Kennas,

Chorlton

[i4560011]

Hi all.

I have been in the sharemarket ever since i got my trading license a year and a bit ago when i turned 18. Working a part time job whilst at uni, pretty much every cent is going into the market these days.

Initial aim wasn't to make money, didn't mind losing it either, but to learn and get a feel of how the sharemarket works. It's amazing how much/quickly you can learn when your money is dumped into the unknown. :D

Most of my investments were speculative and a gamble, but beginners luck managed to net me enough to buy my first car.... I decided to take my earnings whilst ahead, recoup and get more knowledge before making my next move.

That was when i was direct to this place from another forum. I don't really know anyone who is into trading, so it's great to get all these opinions, ideas and knowledge from people here.

[tayser]

I'm itching to get money into the market, haven't been paper trading the way I'd like to have been (as in doing a full trading plan), but have been focusing on entries and exploration to begin with. I plan to get a little more serious as I won't be putting money into the market until the next financial year - I am getting to the point though where I just have to stop reading books recommended on this site (I own: Guppys Share Trading, Trend Trading, Bedfords Charting Secrets and Kinsky's Teach yourself about Shares) and start applying a lot of the theory that's swimming (literally) in my head.

tech/a I have to say, I like answering the many questions you ask of people in your enormous amounts of posts on here and on other forums, you're a fantastic reality check sometimes!

[converted]

Hey guys and gals,

My names Craig and I live in Sydney. Im new to this
Things have changes sustaintially on the net since I started looking into shares after I attended a Peter Span course many years ago (wonder what he is doing now???). I never really got into it as I was having multiple kids and just trying to keep my head above water with new family and mortgage (you know the drill) and it all looked too complex and I made the assumption that I would be just gambling as I didnt really have the time or $$$ to focus on the market.
Anyway 5 years on and things have changed a bit in my life, dont have alot of breathing space $$$ wise but I do have a lot more time to be able to learn.
I am also interested in race cars and would like to ditch my job to be able to build develop and race replica and vintage racing cars down the track (that is my real passion).

Anyway...after a couple of business failures ( I now have a "stable" job ) and now being 37 and had my head kicked in Im a little wiser these days so I guess Im ready mentally to take on the challenge the market represents.

My goals are this, quite "simple" but i know intrinsically hard to do from a standpoint of zero education at this stage.

* I want to make $100 a day net profit.
* I want my return on that day so I can walk away from my computer and get on with life after that $100 is achieved.
* I want to do that with as little financial outlay as possible


If this is an impossible task, thats fine tell me and Im gone, but if its feasable and all it takes is hard work and discipline thats good. I know if it was easy everyone would do it, so I here to learn.
Im open to suggestions as to what books I need to read, what stock software I need to use, what online trader I should use, what sort of stocks offer me this daily short term gain etc etc. Any URL links for this would be much appreciated.

Im not after wealth and riches but to be able to take command of my life and not have the bosses gun pointed at my head on a daily basis and enjoy the family and race some special cars.... thats it.....

Kind regards,

Craig

[insidertrading]

Hi all,

I'm a 25 yrs old from Melb. I have been reading a lot of books but yet to make my first trade. Came across this forum last week and I've found it to be very informative. Looking forward to learning from some of the experts here :D

Cheers,

-IT-

[daveo1]

hello,
started trading about one month ago. Still work full time (shift worker)
have my mornings of one week and arvos the next.

One comment about posts on this site is that not enough info posted when a person " highlights" a stock for movement.:confused:

[ozeb]

hi all!

i'm pretty much a newbie. have been reading the forums and posting a few questions out there. been playing the stock market for a few years but only buying a bit more over the last two. one thing i noticed about the forums is that there's quite a few short hand? like IMHO and DYOR etc...not quite sure what the first one means....is it possible to compile a glossary for these for newbies???

also...i've been hearing a lot about options etc. how exactly do they work. i'm a bit scared when i get given options and kinda sell them quick before they expire.

happy trading/investing peeps

[insider]

hi all!

i'm pretty much a newbie. have been reading the forums and posting a few questions out there. been playing the stock market for a few years but only buying a bit more over the last two. one thing i noticed about the forums is that there's quite a few short hand? like IMHO and DYOR etc...not quite sure what the first one means....is it possible to compile a glossary for these for newbies???

also...i've been hearing a lot about options etc. how exactly do they work. i'm a bit scared when i get given options and kinda sell them quick before they expire.

happy trading/investing peeps

Just post your Abbreviations and Glossary questions in the thread below...:) Have a nice day

http://www.aussiestockforums.com/forums/showthread.php?t=6387

[hatty]

Hi everyone,
Enjoy jumping onto the Forum when I have time! Started into shares last May(fortunately just after the May correction). I spent 3 months prior to this reading every book on shares/stockmarket that I could get my hands on.
Have been very lucky so far.

I read today on one of the links "don't mistake a bullmarket for your own genius" and have stored this thought away so I don't get overconfident.
Find the Forum a great source of advice.

Go the Cowboys!
Cheers from the North

[shares]

Hi everyone

just realized that there was a thread to introduce yourself :p:

i have just started investing on the sharemarket, am looking to make a couple of $k here and there to enjoy :D

[Bullion]

Hi my name is Richard :)

I've been on ASF for a little while now, but still an absolute beginner in terms of trading. I have learnt an absolute heap since I've been here though so thanks to all the regulars.

[Pommiegranite]

Hello All,

I found this site today, read a few threads, and as a result have now registered!!! :)

I've been trading in the UK for just over 2 years but have now recently emigrated to Melbourne !!!!

Hoping to build up some new "Trading Friendships".....

Good Luck to All,

Chorlton

Hi Chorlton :) ...have you got a brother on Britishexpats.com? (http://britishexpats.com/forum/member.php?u=5353)

I too have moved from the UK to Melbourne (6months ago), and have recently stumbled onto this site. There are some really helpful people on here.

I'm sure you're probably aware, but the ASX is heavily geared towards mining stocks, which is pretty good if you wanna jump on the bandwagon!!

I'm into a 2-3 year buy and hold timeframe. Happy to take the ups with the downs on this bumpy ride:D

PG

AGS 13&#37;, BMN 10%, LHG 19%, PDN 16%, SRZ 13%, THR 6%, TOE 6%, ZFX 16%

[Frogstomp]

Howdy all,

I've been a member of this site for a little while, but have just been kicking tyres up until now.

I've been investing in shares on and off for a long while but recently decided to give it more serious attention - Mainly due to the fact that the housing market is way out of reach and I need to do something constructive with my money, rather than admit defeat and start wasting it on every trendy consumer good coming out of China.

Still learning the ropes, and have found this site really helpful - So thanks to all the regular posters.

[aaronphetamine]

Hi all

I'm Aaron im turning 20 this year im an undergraduate industrial chemistry student and im thinking of also studying banking and finance as this new area of the markets has become of great interest to me.

I'm very new when it comes to this area and ive been sitting back reading info that you guys have been posting on all the different companies for the past week or so.

So i hope to learn alot more Im planning on getting some good books out from the library and giving them a floggin.

In my spare time i like to read about science and chemistry, the paper, engineering articles, i like star trek !! haha.

on the social side, i love goin out clubin been to all the clubs in the great land of bris vegas many many times, every fri and sat night, spend a hell of a lot of money on drinks, and lucky ladies i meet out there ;) haha. I love being this age and i never wanna get older.

Anyway thanks to all of you already for all your insightful posts.

Aaron.

[3 veiws of a secret]

every day of the week @ 10am I'm a beginner

[tech/a]

Start trading at 11.

[SIIVS]

hey all my name is chris, im 21 from melb.
just started my own portfolio on commsec and have minimal holdings in ADY and TOE. not sure how i am going to go, but any advice would be muchly appreciated
as well as, does any one know of any work shops in melbourne or even short courses on the ASX and trading, as i have a very vague idea of what i am doing lol.

Cheers
Chris

[Chorlton]

Hiya PG,

Yep.... thats me !!! :)

What brought you over to Melbourne then??

Kind Regards,

Chorlton



Hi Chorlton :) ...have you got a brother on Britishexpats.com? (http://britishexpats.com/forum/member.php?u=5353)

I too have moved from the UK to Melbourne (6months ago), and have recently stumbled onto this site. There are some really helpful people on here.

I'm sure you're probably aware, but the ASX is heavily geared towards mining stocks, which is pretty good if you wanna jump on the bandwagon!!

I'm into a 2-3 year buy and hold timeframe. Happy to take the ups with the downs on this bumpy ride:D

PG

AGS 13&#37;, BMN 10%, LHG 19%, PDN 16%, SRZ 13%, THR 6%, TOE 6%, ZFX 16%

[AndyMc]

Thought I better make a post as I'm a pretty active forum troll.

My Name is Andrew, 26 from Brisbane, work in IT..

I became interested in the stock market after I saw a trader in action and had a good chat to him, around October 2006..

The idea of earning more money was appealing but I became more facisnated with actual movement of the market and the technical analysis of it. [read: nerd] :D

Around December '06 I started researching and purchased a small study guide of the market.. Took a bit of break for the fist quater of '07, but I'm now back in full swing of educating myself.

Currently paper trading and testing out trading plans etc.. Over the next year I hope to really flesh out a decent trading plan and start testing it with my own *real* money. Long term I hope to be able to start earning a decent amount to supplement my salary and who knows, maybe retire early! :eek: :D

[Sprinter79]

Hi all,

Im Paul, 28, Perth. My brother put me onto this website. The combination of sideburns and Flying High is a good one :D

Anyhoo, I have a BSc in Human Movement and Exercise Science, and a PGD in OHS. I work in the regulatory environment, and as such, have an inherent interest in all things health and bio tech.

I already have a half decent knowledge in this area, but I'll continue to 'bone' up hahaha

Take it easy!!!

[prawn_86]

hi all,

20y.o finance and marketing student from adelaide (UniSA). Started paper trading last yr on the asx share game and actually managed to come top ten in the state so decided to invest half my savings into shares to see how i would go for real.
I made a lot of mistakes at first but after 9 months trading i am currently in positive territory(although not by much), so im looking to improve upon this.
I currently hold dyl, pdn, anz and bol. i have previously traded in zfx, oxr, srx, sbm and kzl.
hope i can contribue my limited knowledge and pick a few things up along the way

[KIWIKARLOS]

24 yo from sydney i actually made my first trade about 12 months ago so i consider this my first birthday.

Its funny when i look back to the beginning, i jumped in heads first made some good gains and some good losses, read my way around some different types of analysis and went with gut feel on emerging industries and sectors that i thought would grow. Missed out on QGC because i was in other gas stocks which i still hold and have good faith in (MAE)

I dont know whether its luck/ skill probable 50/50 but im up 24%after tax consideration on my 1st bday.

Hopefully i can double that return this year:p:

[roann]

Hullo to all thanks for the info I have read so far I find it very helpful to see that there are others out there just like me taking little steps into this new venture( for me anyway) so there will be lots of questions that I may post, if I can't find the answers somewhere.
I am leaving my run later in life and have a little spare cash at the moment to attempt to build on. Roann

[kennas]

hey all my name is chris, im 21 from melb.
just started my own portfolio on commsec and have minimal holdings in ADY and TOE. not sure how i am going to go, but any advice would be muchly appreciated
as well as, does any one know of any work shops in melbourne or even short courses on the ASX and trading, as i have a very vague idea of what i am doing lol.

Cheers
ChrisChris, the ASX runs seminars/presentations now and then, and has on line education. I recommend starting there for info. Cheers.

http://www.asx.com.au/

Calander of upcoming events:

http://www.asx.com.au/investor/education/calendar.htm

[troppojoe]

Hi all, Great to see such a great site with all the latest updates and views on whats happening around the markets. Well done. Hope to have many hours hanging with you guys and happy sharetrading to all!!


Joe

YYR JRV CFE MAU MXR MMX:D

[TMo]

Hi all ... 22 yo from the sunny Gold Coast, looking to make a few extra dollars. Currently holding BLR, MPO and SDG. Looking to learn all I can about trading, especially ta, and it seems like this forum's a good place to start.

[Herms]

Hi all,

Just finish registering with the forum 5 minutes ago, just wanna say hello

22 yrs old from Sydney, ready to learn something after finishing share trading for dummies.

Cheers,

Herms

[kennas]

Hi guys, welcome aboard! Hope you get all you want out of the forum. Don't be afraid to ask questions, or use the search function! All the best! kennas.

[larry123]

G,Day,

Im larry, just turned 16 and Ive been trading on the sharemarket for about six months. I have learnt a lot already and I hope to learn heaps more.

[--B--]

Hey everyone.

Im 27 studying an MBA and im pretty much as new as they get when it comes to trading. Ive got a few shares my old boy bought me a while ago but other than that ive got no idea really.

ive been reading these forums for a week now. I've bought a book on trading and plan to read a heap of stuff before diving in and having a crack with real money.

[prawn_86]

welcome B and larry,
i too am relatively new to this forum and to trading. have only been trading for bout 9 months now. ASF is a great forum thats well maintained and moderated. if you need any help feel free to pm me and i will try my best.
cheers

[Craze0123]

Haro people, been trading on the ASX for about 4 months now, I'm really enjoying it( wonder why ;D ). Love these forums thanx guys :)

[GoYouGoodThing]

Hi all,

I am 25 from Perth. Been trading for a couple of years, largely on my little brother's tips!

Thought I better take a more active interest in shares. Won't have much to offer but will be reading a lot of the threads with interest!!!

Have very small holdings in eqn and wmt at the moment.

Cheers,

GUGT.

[binstrokein]

Hello All,


I have enjoyed reading this site and have recently registered. I have been following the markets for about 4 years. I am not a chartist but enjoy reading someones enthusiastic interpretations of the data.

[cornnfedd]

hey im a beginner trader here have just started buying shares through comsec in the past few months, hopefully ill learn something !!! :):)

[fort]

Hi Guys.

I'm 34 in Melb, i was trading ( or that's what i was calling it ) a few years ago to make enough money to go overseas ( India - it's a 3rd world country, i did'nt need that much, awesome trip) but now want to get back into it, I'm looking forward to (re)learning it all.

[Coop]

Hi People,
David 48 from Lake Illawarra NSW.
Never traded, trying to learn as much as I can before I trade. Probably won't post much until I think I know what I'm talking about - time will tell.:rolleyes:

[gone2rio]

Morning all

Bought some shares on a tip from a fin planning wire service, then bought some more on a hunch (sic). Very wet behind the ears but keen on learning as much as possible before I go any further.

Tassie based

G2R

[josh_in_a_box]

hey hows it going? my name is Josh, 2nd yr uni student studying commerce.
started investing in Sept last yr and very much enjoying it.:D

[alphman]

26, male, 5'10", Sydney, looking for the right one to "spend" the rest of my life with... ;)

Lost my virginity at 15 to some blue chips but have only recently dabbled in high-risk stocks. Always a beginner, forever learning.

[calculate]

Hello - i just want to introduce myself - i have been trading since Feb2007 - i am 40 years old - i have read quite a few books on trading and the different ways you trade (day trading / long term etc ) but i am still very much a novice.... its much harder to do when you start using you own hard earnt money . I really want to trade each day/week i am not interested in buying simply to collect dividends and wait for long term gain (im not greedy ...just impatient) ....TY for reading my 1st post

[canaussieuck]

Hello - i just want to introduce myself - i have been trading since Feb2007 - i am 40 years old - i have read quite a few books on trading and the different ways you trade (day trading / long term etc ) but i am still very much a novice.... its much harder to do when you start using you own hard earnt money . I really want to trade each day/week i am not interested in buying simply to collect dividends and wait for long term gain (im not greedy ...just impatient) ....TY for reading my 1st post

Hi Calc, sounds like your in the same boat as me, all be it i've been trading a little longer.

The biggest single thing i've learned from this forum and the good educators that post here occasionally...

Scew the numbers in your favor, the analysis only helps your win rate. Cut your losses short and let your winners run.

There are plenty of posts here, some of the best on trade management are from Nizar who has really applied that, sooner than i did.

If you want the best advice then pay the $550 and do Nick Radge's course, i wish i had done that before i started trading CFD's, i would be much better off now.

There are plenty of arguments regarding different types of analysis, but most of them will all agree that its trade management that will earn your profits, not the analysis. Don't try to be right, and learn to accept being wrong about the markets.

Cheers,

[Prem]

Hey all,

Im new to the share market and I was wondering if you guys can tell me some websites where I can learn bout the stock market and all.


Thanks in advance

[doctorj]

Hey all,

Im new to the share market and I was wondering if you guys can tell me some websites where I can learn bout the stock market and all.
Thanks in advance
You've found it! Try the beginners forum and the search function.

Also, they're are some good beginners guides @ http://www.asx.com.au

[Prem]

ohh yea...

I forgot to introduce myself.

Im in year 9 at high school and have just started trading (couple of months).

[kennas]

Im in year 9 at high school and have just started trading (couple of months). :eek: I don't think I had a spare sent until I was 25! Good work Prem! :)

[prawn_86]

Im in year 9 at high school and have just started trading (couple of months).

and i thought i started young at 18! well done and welcome, remember that most ppl are more than willing to help, even if it is just providing a link, so dont be too afraid to ask questions

[moneymajix]

hi

I am fairly new to the forum.


Can anyone tell me how to start a new thread - YGL?

Thanks
Majix

[Joe Blow]

Can anyone tell me how to start a new thread - YGL?

Go here: http://www.aussiestockforums.com/forums/forumdisplay.php?f=18

...and click on the 'New Thread' button right at the top of the list of threads.

[moneymajix]

Cheers,
That's easy.:cool:

[sharechaser]

Hi all, I'm new to these forums and also new to trading in general - hoping to learn a thing or to from the more experienced people out there and have a bit of fun while i'm at it!

I've been interested in the sharemarket (and business/econonics in general) for quite a while but only recently wanted to find out more and do some more research etc. I'm only 20 though, so hopefully i can get a bit of a start before any of my money gets tied down with things like home loan, family etc (still a long way off i think)!

Also, i think for starters i'm mostly interested in fundamental analysis and valuing of companies, so any posters out there who research fundamentals or anyone know of good books to read as an introduction to fundamental analysis, or any general tips at all please let me know!

Cheers

sharechaser

[trinity]

Hi,

Am 33 years young, started trading this week. Aiming to be a medium to long term trader. Make extra money to build up the savings for a deposit for the first home. Looking to do this more when hubby and I want to start a family and I have to stop working temporarily. (Gotta do something aside from changing nappies :D )

:cool:

[adorableblackcat]

Well here goes ... first time taking control of our FINANCES omg lol
This will be a shock to the system:eek:
We are going to give it a burl have some good stocks in mind and will be starting low and building up within the next 6 months!:)
So here is to LOTS OF READING and GATHERING/SHARING of INFO.
Cya Round Black=^..^=

[Agusta]

Hi, to all you traders, gerat site! & gerat people here. I'm NSW based being trading since mid-2006 & the TECH BOOM!
have been doing alot of reading about investing share trading to broadern my knowledge.
I want to quit my job! & be a fulltime trader? Is any one out there trade at home as their job! I would like to know more on your experience. should I or should'nt I. :confused:

[LetItRide]

G'dday all!!!

I'm 29yrs old and currently doing a home based traineeship with my parents.:)
They've been trading f/t for the last 3years and I hope to learn as much as I can from them as possible.(yes they make mistakes but I find that an invaluable experience). I've been reading this forum for the last 6mths and have found there is also a wealth of information to be found here too. cheers posters

[alanding]

hi, guys.
iam alanding. I am 32 years old. Just put my feet in aussie stock last month. This is so gorgeous forum. This is always the first home page I open when I arrive in my company to work. And start to learn. I found a guy whose is young_trader is quite good at stock analyze.
Anyway, I hope anyone can l enjoy and make money. Also share information

[black_bird2]

Morning all, 33 in Darwin and recently sold an investment property so I thought I would dabble in the stocks. I stumbled over this fantastic site and have visited at least once a day since. Doing my research before the sale funds hit my account and will see what I can do from there. Great site and I am enjoying finding my feet.

[Jockstar73]

Hi,
Live in Melbourne, have been trading for about 6 years now. Nothing major, but each year give myself a goal of how much I want to make in the upcomming year (always pretty conservitive so it is achievable). So I have gone from having to trade in sub 1 cent stocks, to 1-5cent stocks and can now dabble in the 50cent and up ranges and still make some cash. When I first started, as soon as my stock rose enough to cover my initial outlay, I would sell enough so what ever I had left was play money.... this was good for a while, but not totally conducive to making heafty profits. BTW i also made my fair share of losses along the way as well......

Cheers.... Jock

[kokosh]

Hello all. Have bought a couple of speculative shares over the last few years from tips off mates, who got tips off mates and so on.Thought I should try and gain some understanding of the market, so joined up. I have a lot to learn.

[Purple XS2]

Trading 8 months.
Borrowed to invest; have sufficient real estate equity to survive disaster.
Old enough to remember 1987 crash, 1998 S.E. Asian paper tigers, 2001 I.T. tech-wreck. One or all of the above will probably recur tomorrow, or the day after or the day after next.
(1929 was before my time) :)

Work in I.T., live in beautiful downtown Hobart.

Collected about 30 stocks which I plan to winnow down to a dozen. Some I.T., some bio-pharmaceutical, some engineering, some financial services.

Keeping out of resources except for a couple of small holdings which I may offload. Not because I think ill of resources' future, I just have ethical issues about digging up the elements to sell as if there's no tomorrow.

I appreciate the variety of perspectives from ASF. I particularly enjoy the statistical/analytical chart gazers. Very entertaining. Nice colours. :D

My tips for those (I include myself here) silly enough to swallow them :2twocents
UXC - reliably going places
AVX - take a chance - you know you want to.
OEC - petrol engines aren't going to disappear in a hurry, somebody has to make them run better.

ciao,
PXS2

[jandrews_84]

Hey everyone.
Finally got a real job after finishing uni, have repaid some debts and have a spare cent to invest, and my brother recommended this site. Fantastic site, im getting a bit addicted reading through the threads, so I thought i should make a post and say hi, and thanks!

John

[kirrils]

http://haolekid.com/Merchant2/graphics/00000002/Calvin%20-%20Funny%20Face.gif

I'm 36, very much a newbie, have been trading for...hmmm... a whole 3 weeks. Live in the Midwest WA, have shares in MMX, GWR, AGO, CUL. Not big stakes, just playing at the mom til I get a feel for what exactly effects the market.

[brettc4]

My name is Brett, 31 from Adelaide. I have owned stock for a couple of years but due to an imminent redundancy I thought I would take some time between jobs to do what I should have done before I started trading, thats right create a Trading Plan.

I have been looking all over for what should be included in a trading plan and have started it's construction but I am sure to have numerous questions along the way.

Glad to be here.

Brett

[vascocentral]

Hi,

I'm from Melbourne and a newbie, in fact I haven't bought any shares as yet. I'll spend some time reading through this forum and find out what the Stock Market is all about. Will be quite a journey!!

VascoCentral

[hatrader]

Greetings all!

Please bear with me as this is my first post.

Firstly, I stumbled upon this site while doing some stock research and judging by the quality of threads, apparent knowledge and friendly discourse, I joined up promptly!

A quick bio to introduce myself…….

Age 46, living in Perth WA and have a hobby of collecting vintage compact Mac’s!
After running a busy restaurant for over 15 years, I took the long service 6 months ago, cut back to a 3 day week with a direct purpose for the rest of the (working?) time devoted to the newly discovered world of the share market and day trading.


ACCOUNT No.1 – Medium to Long term
With an initial start of 25k, I have been fortuitous to have currently 60k within a 10 month period thanks mainly to the “early” stages of PDN, DYL, LYC and NIA.
So….a good start thanks to quiet fundamental research and…. a bit of gut intuition.

It’s not all roses though, the world of short term day trading account has shown my weaknesses…

ACCOUNT No.2 – Short term (CFD’s via IG Markets)
Initial outlay to test the waters was 5k. After quickly adding an extra 1k thanks to a long - PDN CFD, invincibility was at hand! That was until I didn’t bother to look at the chart and doing another long with PDN, I had bought at its almost peak of $10.95 and of course, the rest is history. Lesson learn’t!!! I managed to salvage and retain 1k in the account to which I now use sparingly on the Mini 200 to develop skills.

That’s it in a nutshell….look forward to meeting you all

Cheers

[jonojpsg]

Hi all,
Have been on ASF for a couple of months - it's great value! Started trading with a tip from a workmate, Gullewa Gold, back in 1995. Put $5k in chasing my tail on the way down,and sold last year for $200. That was my worst experience. If instead I had taken on say a nice bluechip bank like CBA I would have been rolling in it - ce la vie.

Am 34 and would love to retire before 50 as I teach maths/science and it really sux some days. Have made some good progress over the past year, convinced my wife to let me borrow $20k to trade with and have turned it into $40k,which i can't complain about. On the other hand, I read a thread titled "Turn 9500 into 550000" which pointed out that a purchase of Fortescue Metals three years ago at 64c and sell at $35 would have made a pretty 6000% gain! Hopefully my latest speculations, AEX, WMT, SDL can deliver something like this.

Look forward to catching your tips.
;)

[kirrils]

For beginners some of you guys have done really well. I guess my biggest learning curve is not only learning what is potentially going to effect the prices of my invested shares, but knowing when is the right time to sell? If anyone has some advice from past experience I would love to hear what you have to say.

[stormbringer]

Hey guys, 38 and in adelaide. I tried cfd's a couple of yrs ago and bombed out, basically hadn't educated myself enough, so I switched tactics and investing in some micro's for the short to medium term. Currently holding JMS and GDY. I plan on getting back into cfd's in the near future.

[matt_calhoon]

G'day, mid 30s, wife let me have $3k to gamble with...thanks to YT and others on this forum its up to $7k. Really enjoying learning and am thankful I found this forum.

[trinity]

G'day, mid 30s, wife let me have $3k to gamble with...thanks to YT and others on this forum its up to $7k. Really enjoying learning and am thankful I found this forum.


Hi Matt,

Just wondering how much time it took for you to take 3K into the market and have it up to 7K at present?

Thanks

[EZZA]

Hey Fella's,

26 yrs old, been actively investing last couple of years mostly blue chips and mid cap companies.
Just been playing the trading game, last 6 months dabbling in the small caps.

currently holding gbg, wds, nxs, and bos as my small caps.

i view nxs, gbg, and wds as medium to long term stocks, not not really looking to trade these, will be using a simple tech analysis to figure out entry or exit points if they start to look shaky. bos purely a trading stock for me, however volumes fairly low.

looking to acquire ady.

doing alright so far, but have to admit most of my money made just holding stocks not really through trading though.

anyone have input on these stocks, any advise would be appreciated.

Cheers
EZZA.

[acooper]

Hi, New here and would like to learn as much as possible so my portfolio grows instead of going downhill
Adrianna

[BIG BWACULL]

Hi, New here and would like to learn as much as possible so my portfolio grows instead of going downhill
Adrianna
Dont we all, GOOD LUCK

[Russh]

hey guys

I'm 23 from Perth
Work in financial planning
Im here to learn more about technical analysis :)

[Captain]

I am looking at this site for the first time after Joules MM1 recomended it to me elsewhere. I am an old newbie trader and am trying to get the technical stuff to support fundamentals, concentrating on resources mainly with a few blue chips for yield.
Weeks like this past one reminds me of the need to be careful with trying to catch falling swords when prices drop, I think I have finally learnt to keep my itchy finger off the button and waiting (well so far anyway!!):rolleyes:.

[MattR84]

Hey everyone,

Names Matt (who would have guessed?). Started learning about the stock market a few months ago. Bought MOF then a month and a half later the stock market slides. Welcome to investing hey?

I'm studying business at uni and just changed to a finance minor (love the stock market!). I want to begin working as a fund manager, investment manager as soon as I finish (any offers ;) ).

Although I'm just beginning I feel I have a fairly firm grasp on investing, but I want to learn as much as possible.

Matt

PS - I think Australia's research tools and brokers as a whole are crappy. Right now I have access to the finanalysis database through uni but who knows how long that will last? It's like $3000 a year to subscribe! The US have yahoo financial, which is almost as good. My brokers search tool is crappy, it only allows one factor searches, which are almost pointless.

[Adventure Always]

Hi All,

My name is Peter and I have been trading since September 1999, and have learn't many lessons in that time.

I started with shares and added CFD's late in 2004 and have been avidly trading both since then

I have graduated from trader to educator in share trading in 2001 and am currently a Senior Lecturer with a major financial education group.

I would encourage all to participate in a good quality education as it will be cheaper than the alternative, as Leon Wilson (a good friend of mine who has written 3 books on trading) is very fond of saying "You are going to pay for your education whether you want to or not - you do not have an option here"

There are many things you can learn which will help you protect your capital, only enter high probability situations and not get stopped out too early, only to see the price keep soaring.

Have a great day all

Pete

[Joules MM1]

I am looking at this site for the first time after Joules MM1 recomended it to me elsewhere. I am an old newbie trader and am trying to get the technical stuff to support fundamentals, concentrating on resources mainly with a few blue chips for yield.
Weeks like this past one reminds me of the need to be careful with trying to catch falling swords when prices drop, I think I have finally learnt to keep my itchy finger off the button and waiting (well so far anyway!!):rolleyes:.


Welcome aboard, el capitan......... a fine site and many enthusiastic posts that contain some good work .........might cya sunday in the live room........

Joules

[kennas]

I have graduated from trader to educator in share trading in 2001 and am currently a Senior Lecturer with a major financial education group. PetePete, is this the case of those that can't do, teach? LOL ;) :D Welcome!

[hugh44]

Hello all, we have been trading from home for about 2 years now. Joined the forum a couple of weeks ago. We have made some good gains and some not so good losses, we learn every time we look at the market and have had to re-learn the same lessons once or twice, unfortunatly. This froum seems like a great place to gain more info/ knowledge, thank you all.
I really want to sack myself from my present job so keep up the good work.

:eek7:

[sdr]

Hey Guys and Gurls,
Very recently started looking at the stock market i haven't invested just yet, still have a bit of fear to over come. I seem to have taken the fundamental analysis approach to the stock market, beginning to learn charts . i hope to learn lots and maybe i can help some others too:)

currently i am liking the base metal market at the moment. however i am looking to broaden my pool of investment options.

[Millsy]

Hello all
Just joined the site, names Nigel, hope you got room for another pom, living in NZ, at the moment.......:eek:

[nomore4s]

Hello all
Just joined the site, names Nigel, hope you got room for another pom, living in NZ, at the moment.......:eek:

Welcome to ASF,

ASF is developing quite a pommie population.

Are there any english left in England?:eek7::D

[Millsy]

Welcome to ASF,

ASF is developing quite a pommie population.

Are there any english left in England?:eek7::D


Thank you. Not many, we seem to be swapping with you Ozzies and Kiwis :)

[armo]

HI all, another noob here, both to this forum and investing. I've been holding about 10k worth of stock for the last 18 months, whilst developing my overall knowledge, vocabulary etc. Currently papertrading for 3 months to verify some of my "learnings" and I guess my strategy - if you can call it that.

Anyway, a great site you have here with a lot to offer people no matter what their level!!

[Lycon]

hey everyone,

Just signed up today, this forum seems like a good place to get a few opinions on the research and picks I make.

I have only been trading since Jan 07 learnt a lot of lessons at the start (i.e. lost a lot of money) but had fun doing it! Hope to learn more here in a less expensive way. :D

GO AXO!!!!

[jonojpsg]

Hi All,

My name is Peter and I have been trading since September 1999, and have learn't many lessons in that time.

I started with shares and added CFD's late in 2004 and have been avidly trading both since then

I have graduated from trader to educator in share trading in 2001 and am currently a Senior Lecturer with a major financial education group.

I would encourage all to participate in a good quality education as it will be cheaper than the alternative, as Leon Wilson (a good friend of mine who has written 3 books on trading) is very fond of saying "You are going to pay for your education whether you want to or not - you do not have an option here"

There are many things you can learn which will help you protect your capital, only enter high probability situations and not get stopped out too early, only to see the price keep soaring.

Have a great day all

Pete

Many lessons obviously not including apostrophe use - learnt doesn't have one! Sorry - teacher habit :)

[samtomo]

:) Hi everyone, I'm Samuel (Sam). I have been watching the stock market for a about a year now, and have been trading for just a few months. I have been lucky a few times, which is not good, coz you start to think that you're invincible!!

I'm concentrating on the U stocks at the moment, and it's been a great learning experience, as well as stressful as hell over the last couple of weeks or so.

I value people's comments and opinions, and thank all of those people, who put in lots of analysis and explanations, as it gives me a chance to understand and learn more.

Cheers

[fourth]

My name is Chris, you'll all have a laugh at the fact that I'm actually a Macquarie Staff member who until about 3 months ago didn't even know what my company did to make money, nor BT before it's fall in 99. Yeah, those wacky IT guys...

What got me interested in the markets I guess was a combination of events. I'm forced to endure watching all the Mercs driving in to GPO (the head office of sorts) and a few months back I ended up in a training course with a bunch of business type people and was really underwhelmed by their intelligence and aggressiveness. I'm not being mean, I just expected so much more. I expected them to be smarter than me, beat me down in a disagreement or debate, etc but I sort of dominated debate somehow, despite being introverted...:)

I'm an extremely aggressive intellectually driven person so I thought, whatever it was that these guys knew, I could learn too, even if to a lesser degree would make me more successful that a buy and pray 'investor'.

From what I understand so far, I think I prefer mechanical technical trading. I like to deal in facts and am generally mistrustful so I don't really believe a lot of the data that the fundamentals are based on.

I've looked around on a few boards and think I prefer this one based on the insightful comments people make here. Looks like a good place to learn!

Thanks in advance for any questions answered!

[toothfairy]

Many lessons obviously not including apostrophe use - learnt doesn't have one! Sorry - teacher habit :)
Teachers also have to learn how to use apostrophe, "teacher habit" should be worded "teachers' habit" for plural or "a certain teacher's habit" for singular usage. Just my thoughts, but I failed me English in HSC anyway.:p:

[Asia Etrader]

Well I'm a beginner at this site but not for etrading. I have had both technical and fundamental trading so can talk about those issues (I am not an expert but versed). I have been working in the electronic trading industry from both front office and operations fro about 10 years now. (Yikes). I am from Canada but moved to Hong Kong 3.5 years ago. I even started an electronic trading website. Not a tip sheet or picks site but more on the day to day of etrading like systems, networks, settlements, risk that sort of thing. It still needs alot more work but I have to work too. Here is the site if your interested www.asia-etrading.com

So if you have some questions outside of what stocks to buy in etrading feel free to ask.

[Poker]

Hi ASF

I'm a student with strong interest in poker and the market. I recently discovered this site and look forward to discussing and learning more about investing.

[masha.cesareo]

Hi, my name is Maria.
Very new to the market. Started in May 07. However I was watching the market from Jan 07. Have made one good buy (ITX), where I 've made 100% and have made a bad purchase (CUX), where at the moment I am at a loss of 70%. Will see how I go. Found this forum only yesterday. Love it. Thank you in advance to everyone.

[halfwheel]

Hi Everyone. Im new to investing in Shares and Im really finding it fun learning all there is to learn. Ive got a couple of properties but I wanted to give this a try - sort of like a hobby. Ive bought a few Bank shares and did a stupid thing and Sold MBL at $69 thinking it would drop lower. Derrr!! But hey thats how you learn! Ive met a couple of nice people here already and have learnt quite a bit in the short time that Ive been a member.

Enjoy reading your posts


Halfwheel (Alan):)

[nikkothescorpio]

Greetings Gents and Scholars,

I've just recently started trying to up my knowledge on trading. Like many I have tinkered in the past with mixed success (translation: very little!!)...having lost far too much in the tech bubble bust and just general bad advice from friends.

Am so sobered by the BASIC rules of trading you learn and how often I broke nearly every single one of them!

My wife and I got some poor advice from a financial advisor who over charged us, pushed us only towards products that payed him fat trailing comms and was in general a jerk.....suffice to say we dropped him and so now I'm looking to do a tad better myself.

Taking a break from fulltime employment so have plenty of time on my hands to try and pick up as much info as I can.

At present have eBooks coming out of my ear and am supersaturated on info about Elliott waves and japanese candle stick chart reading!!!!!

My poor old brain feels like a fat man trying to go on a health kick!

Am a HUGE fan of quality online forums and this one looks the part - so really looking forward to picking up the crumbs of genius as they falls from the table around here.

Cheers, Nikko

[Vito]

Hi All,
My name is Vito and i have been trading for approx a year now I have had some good times and some very bad times which has made realise that I need to change the way I trade and develop a good trading plan.
I am currently working on a short term system and have now changed to Amibroker. This is going to be a big challenge for me considering all I know what to do with a computer is turn it on let alone programing etc.
If any one knows of any one that does tutoring in programing of amibroker etc please let me know.
I really enjoyed this forum so far and i hope I can contribute.


Vito

[hebrides]

Hi Everybody,

I have been trying to comprehend what everyone is talking about:banghead: will get there eventually. I envisage that my first monetary foray into this rather complex world will not happen prior to January 2008

The rank is but a Guinea Stamp but a man's a man for all that

[jman2007]

Evening all,

er, well this intro is slightly overdue from my point of view :o as I've been trading throughout most of the year, and have been chucking my :2twocents into a thread every now and then!

Have to say I enjoy Kennas's and Young_Traders posts immensely (these guys could basically become brokers in their own right), the novice investor can learn a lot by simply reading what the more experienced traders are saying, even if some of it might seem a bit "techie" at times!

In saying that, I always do my own research before parting with my hard-earned pingers, I find ASF very valuable in gauging possible market sentiment toward a particular stock however. I'm basically in it for the mid-long term at the moment, I don't have the nous or the inclination to make money from the "daily blips" like some people do.

My basic strategy so far has been to try and identify companies which are already prouducing/approaching imminent production, have a solid cash flow and some semblance of a track record where possible. A bit simplistic perhaps, but it has worked reasonably well so far.

Working as a Exploration Geo in the industry (pls don't ask which Company!)has also given me an interesting and valuable insight into the sector, and you soon learn that "all that glitters ain't necessarily gold"!

Cheers all
jman2007

[Barrw]

hi
just read jman's intro and thought i'd better do the same.
gotta agree asf is a great place to start research got a few leeds a few months ago and went from there.
joined up to try and pass somthing on myself even tho i still seem to have more questions than answers at the moment.

anyway happy trading:)

[So_Cynical]

Howdy all
I first got some shares 2 or so years ago...mixed success
Santos was my first buy...$5 something, sold 4 months later
for a 25+% profit. and thought i was pretty smart.

Really should of stuck with it.:banghead: anyway here to learn
what i can from an interesting bunch of people....just found
out about CFDs yesterday and am a little exited.

[Ashtar]

hi all,
been trading for a year now with mixed results. some good :) some not so good :banghead:.
glad to have found this site for some education and motivation. look forward too getting involved in the discussions.

cheers
Ashtar

[Quasar217]

Hi all,

Glenn from Melbourne here. I've been mainly investing in property up to now (2 investment properties, which have done very nicely).

I have had Telstra shares since the T1 float, which have done nothing for many years, and got burned on a BT managed fund after the tech wreck (it's just got back to break-even point after 6 years). Those things sort of put me off shares, but I know the need for diversification and am interested in getting into the stockmarket, initially with just a couple of thousand that I can afford to lose. I've signed up for an E*Trade account.

Any tips on where to start?

I notice everyone seems to list their portfolios using the 3-letter stock exchange codes. Is there a comprehensive list of these somewhere?

Glenn
Quasar217

[doctorj]

I notice everyone seems to list their portfolios using the 3-letter stock exchange codes. Is there a comprehensive list of these somewhere?
Welcome to ASF!

Below is a handy link to an excel file that's regularly updated with all the listed companies, some essential ratios (such as P/E), their codes, names etc.

http://www.ascii-data.com/stocktable1.csv

[iamtrueblue]

Hello all I came across this site by accident and it looks pretty good. I like some of the more experienced traders comments and input keep it up and it is nice to see that people are putting in valuable information not just ramping (Although there is some ramping).

I have been trading for about 10 years mostly through a real close relative who is a director/part owner of a large stock broking firm. Got some really good tips-Made some great profits however like us all lost some on the way. I enjoy the ride.

Never charted but that is what i really want to venture into and learn more about how to differentuate between good and bad investments by researching there company figures. (Normally get my broker to do that and also make a recommendation). I will possibly look at some day trading. I look forward to getting involved in the forum chats.

Good trading all.

[pliang]

Hi everyone!
My name is Peter and I am looking to start trading. I thought this was the beginners lounge but it seems like everyone already has some trading experience. I've always looked at the market but never really followed it closely. It seems like such a complicated concept but hopefully coming to this forum will clear things up for me. I've been looking for one of these for awhile and finally found one!

Just jumped around the forum reading some posts and almost everything sounds like jibberish to me. How come the stockmarket doesn't seem or look as confusing and arbitrary at uni? I guess theories never work in reality.

Does anyone have any advice to a pure amatuer and beginner? Is there anything I should read to familiarise myself? A starting pointer would be greatly appreciated. :)

[jman2007]

Hi everyone!
My name is Peter and I am looking to start trading. I thought this was the beginners lounge but it seems like everyone already has some trading experience. I've always looked at the market but never really followed it closely. It seems like such a complicated concept but hopefully coming to this forum will clear things up for me. I've been looking for one of these for awhile and finally found one!

Just jumped around the forum reading some posts and almost everything sounds like jibberish to me. How come the stockmarket doesn't seem or look as confusing and arbitrary at uni? I guess theories never work in reality.

Does anyone have any advice to a pure amatuer and beginner? Is there anything I should read to familiarise myself? A starting pointer would be greatly appreciated. :)

Hi Peter,

Welcome to ASF! I guess it really depends on what your current financial postion is, if you are interested in the long-term or short-term gain, and if you are prepared to ride out periods of volatility (as we all recently have!) I once read that the trick to the markets is "participation is half the battle won" and to a certain extent I believe it to be true.

Personally speaking, I had been trading a while before I stumbled on ASF, and had previously found a nice little book called "Top Resource Stocks 2007" (I can find out the authors names for you if you like) which gave me the confidence to go it alone. It is very helpful and not too techinical, and gives a one-page summary of the best performing resource companies of the last 12months, their cashflows, strengths vs weaknesses, their likely corporate strategy etc. In short it cuts out all the b$$$$$$t that you can get mired in.

Initially, I began putting in modest sums ($2500-3000) into companies that I had researched myself (many with the help of my wee book), and now have a porfolio of around 10-12 companies. You will need to decide for yourself which sectors you feel you can profit from, and go from there. As I said earlier, I tried to discover companies that were already in production, had solid cashflow and some semblance of an operating track record, and didn't appear (to me!) to be too overpriced for my modest budget.

Be careful of some of these junior spec stocks that are touting vast (for example) U reserves in some godforsaken part of the world, while it may sound like a certain winner, a vast reserve 1000's of km away from any type of infrastructure such as power, roads, fresh water, ability to fly in a skilled workforce etc isn't going to help their cause a great deal.

I can't emphasise enough trying to learn as much as you can from the more experienced traders on ASF (much more than myself). They will help you if you have done a little reserach yourself, and you could probably pm them if you want to know the finer points relating to a specific stock.

Best of luck!

Cheers
jman2007

[jman2007]

Hi everyone!
My name is Peter and I am looking to start trading. I thought this was the beginners lounge but it seems like everyone already has some trading experience. I've always looked at the market but never really followed it closely. It seems like such a complicated concept but hopefully coming to this forum will clear things up for me. I've been looking for one of these for awhile and finally found one!

Just jumped around the forum reading some posts and almost everything sounds like jibberish to me. How come the stockmarket doesn't seem or look as confusing and arbitrary at uni? I guess theories never work in reality.

Does anyone have any advice to a pure amatuer and beginner? Is there anything I should read to familiarise myself? A starting pointer would be greatly appreciated. :)

I almost forgot,

If you go the asx.com.au website, thay have a whole series of free online classes you can do, from beginner right through to advanced ones. You can find out what a broker is and does, how to buy and sell shares, and what makes the price go up and down.

I found it very helpful, because initally I was also a little overwhelmed by the amount of information I needed to learn, but the classes break it down nicely.

Have fun!
jman2007

[thedave]

Hi All,
My name is TheDave. I have been trading for 7 years, mainly using fundamentals. I used Marketscan for a couple of years and really liked it. I need to learn more about charting and then maybe move to Metastock.

[korrupt_1]

Hi Guys,

Been trading FPO stocks on Comsec for the last 2 years. Just a month I ago I stumbled upon CFD's and realised the potential. I can't believe that I only need to outlay around 10% of the same capital outlay as FPO stocks as a deposit and still have the same exposure. This means that the remaining 90% of my capital can sit in my bank account - better in my account than's comsec's i say.

Anyway, just recently, I've stumbled upon the SPI and just can't believe how awesome this market is! The volatility is amazing! Just what a day trader needs. A single day can see the index move 50-100pts!

The last two week's I've been trading the SPI and the return has been MASSIVE! Is it just my luck or have I stumbled upon a 'money printing machine'?

I now trade without stops losses... is this silly? I have been burnt a few times with stops only to see the index bounce back from where I was stopped... I did not know I had such a filthy mouth when that happened... since then, I trade without stop losses and at times have seen 200% loss in my initial deposit, but only to see it bounce back a few days later to atleast 10% return.

Anyway,.. i hope that my aggressive style of trading doesn't get me shot in the foot. I sometimes think that i might be the hare in the 'hare and tortise' story and might actually loose the race in the end if I'm not careful.:2twocents

[DTM]

Hi all

I'm Daniel from Sydney. I started off trading options knowing nothing. After a while I eventually learned that if you don't have the capital to trade options than it becomes more risky. I learnt how to trade directionally ie betting whether its going to go up or down because I didn't have much choice. I guess in hindsight it helped me be a better trader. I spent a whole year trading full time, 20 hour days learning, researching, following world markets etc because I loved it so much. I probably learnt the most about it then.

I struggled with the usual problems with psychology ie greed then desperation, wishing then praying for it to go your way..., but after being run over by the market a few times I have a healthy respect for it. Its really helped me become a better trader.

I am passionate about the financial markets and love keeping abreast with all thats happening in the investment world. For me, its just the beginning of a life long journey and am patient in seeking what I want.

For now, I'm just a part time trader and will trade when I have a spare hour or two. Forex is my preferred instrument because of the convenience.

Trading is easier now days but seems more of a chore, not sure why.

Daniel

[DTM]

Hi Guys,




I now trade without stops losses... is this silly? I have been burnt a few times with stops only to see the index bounce back from where I was stopped... I did not know I had such a filthy mouth when that happened... since then, I trade without stop losses and at times have seen 200% loss in my initial deposit, but only to see it bounce back a few days later to atleast 10% return.



:eek:

YOWZZEERS

Sorry, had to make that comment when I saw it.

[Andy_aus]

Hi all, im new too. Am about to start trading cfds, developing my own trading plan and backtesting currently. Any advice is greatly appreciated :)

[rub92me]

Hi Guys,
Anyway, just recently, I've stumbled upon the SPI and just can't believe how awesome this market is! The volatility is amazing! Just what a day trader needs. A single day can see the index move 50-100pts!

The last two week's I've been trading the SPI and the return has been MASSIVE! Is it just my luck or have I stumbled upon a 'money printing machine'?

I now trade without stops losses... is this silly? Anyway,.. i hope that my aggressive style of trading doesn't get me shot in the foot. I sometimes think that i might be the hare in the 'hare and tortise' story and might actually loose the race in the end if I'm not careful.:2twocents
Playing with amazing volatility without a stop will make you lose money amazingly quickly. If you haven't done already, please read up on risk management. :2twocents

[professor_frink]

Hi Guys,

Been trading FPO stocks on Comsec for the last 2 years. Just a month I ago I stumbled upon CFD's and realised the potential. I can't believe that I only need to outlay around 10% of the same capital outlay as FPO stocks as a deposit and still have the same exposure. This means that the remaining 90% of my capital can sit in my bank account - better in my account than's comsec's i say.

Anyway, just recently, I've stumbled upon the SPI and just can't believe how awesome this market is! The volatility is amazing! Just what a day trader needs. A single day can see the index move 50-100pts!

The last two week's I've been trading the SPI and the return has been MASSIVE! Is it just my luck or have I stumbled upon a 'money printing machine'?

I now trade without stops losses... is this silly? I have been burnt a few times with stops only to see the index bounce back from where I was stopped... I did not know I had such a filthy mouth when that happened... since then, I trade without stop losses and at times have seen 200% loss in my initial deposit, but only to see it bounce back a few days later to atleast 10% return.

Anyway,.. i hope that my aggressive style of trading doesn't get me shot in the foot. I sometimes think that i might be the hare in the 'hare and tortise' story and might actually loose the race in the end if I'm not careful.:2twocents

Howdy Korrupt,

Welcome to ASF:)

Have you been lucky? Only time will tell. And no stops? How silly it is will depend on how much leverage you are using.

There is a thread here on ASF that discusses the SPI if you are interested-

http://www.aussiestockforums.com/forums/showthread.php?t=4876

Feel free to stop in and have a chat with some other SPI traders:)

[bergers_n_fries]

hi im daniel and i have been following the market since i was around 13-14

only recently have i begun to really take note and carefully detail what shares i would look at purchasing and have done so accordingly...

being a student and working part time it is difficult to accumulate a portfolio as quick as what i would like however with some decent planning and looking on forums such as these - might i add they are a major help...this should assist me in continuing something that has become a bit of an obsessive hobby

cheers

[Wysiwyg]

hi im daniel and i have been following the market since i was around 13-14

only recently have i begun to really take note and carefully detail what shares i would look at purchasing and have done so accordingly...

being a student and working part time it is difficult to accumulate a portfolio as quick as what i would like however with some decent planning and looking on forums such as these - might i add they are a major help...this should assist me in continuing something that has become a bit of an obsessive hobby
cheers
Nice and enthusiastic , good to see.You have one thing in your favour....TIME.:)

[TCB]

Wow just found out what share trading is all about. I'm amazed of what a whole new world it has opened up to me. This is the coolest forum around keep up the good work.

[Rastan]

Hello Everyone,

I am very much a greenhorn in the stockmarket. I have 2 investment properties and am looking to start investing in shares. It seems to me intially that there is 3 paths, either; let someone else completely manage your share investments, semi manage it yourself whilst holding down your real job, or go the whole hog and try and learn to trade and/or invest in the market.

My plan is to spend the first phase (1-2 years) learning by using small amounts of saved cash (and some risk managed leverage) and when I feel ready maybe take a loan out and see what I can do.

I am a software developer by trade and have been using the net since bbs days back in the 80s. I actually did a moving average analysis tool foor some day traders years ago with no idea of what it was actually doing (the explained it to me but as you well know you have to go over these stock market terms multiple times before they sink in) and resurected it recently to take a peek... Interesting, it apparently told them when to go short and long by comparing two MA graphs (60 day and 4 day or something similar) and when the lines crossed they sold/bought.

Anyways, (as usual) I digress... I am currently trying to get everything in my head and want to start some activity soon as the best way to learn is hands on. I have bought a few books and am reading them (Van Tharpe, Way of the Turtle, Act Smart Get Rich something something).

This forum looks like a fantastic resource with some really great and informed people (one of the great things about the net when you find a good community), it gives me something to read other than slashdot. I am installing the info choice charts now and am going to try getting my head around some TA.

Cheers :)

Rob

[$sam]

Hi all, the missus found this forum the other day, and we though yahoo!!, its great.

We have been playing with shares for about two years now, and we are just starting to understand it ( a bit ), and looking forward to expanding our modest portfolio and learning heaps.

Cheers Sam.

[prawn_86]

Welcome to all the newbies. We were all new at some stage :)

enjoy and happy trading

[So_Cynical]

LOL @ all the posts after mine...so much diversity and inexperience/optimism.

Yes its a volatile time ...yes CDFs offer amazing returns...yes its exiting.

I just discovered "options" last nite...WOOT.:D Good luck to all.

[Tuhob]

Hi all,

I've just started getting interested in really learning about the stock market as I see it as a good way to increase capital and not to just leave it in the bank. I currently only own some shares in Qantas which I bought a few years ago so that's been pretty good for me.

My aim is to build a portfolio which is reasonably diversified which includes a good mix of blue chip stocks but I'll also be interested in some speculative ones.

Anyway, I see mining/commodities are quite a big interest on this forum and I'll be interested in learning about this sector.

Cheers,

Tuhob

[Kinezakis]

Hi guys,

Just arrived today on the recommendation of a mate.

I'm a relic from the tech wreck but still with much to learn.

Shall enjoy reading your posts and learning, while gathering some confidence to trade again :o

Kind regards,

Kinezakis

[nielsend]

Hi All

New to this forum, and have been trading full time for 9 months (part time for 2 1/2 years). Trading both mechanical and discretionary systems mainly developed on Metastock. Been using Amibroker a little but I'm a bit of a novice when it comes to coding. Prior to this worked in Management / Business Dev for an engineering firm in the international Oil & Gas industry; lots of time away from home spent in airports / hotels / boardrooms etc. Trading CFDs / FX / Options and soon to start on commodities and CFD Sector trading.

Making a killing at the moment thanks to the comeback after the correction. Oh if only I had the wisdom to short on the last correction then this would be written whilst sipping chilled French bubbly in the south of France.

Cheers

[blossom]

Hi. I am new. This is my first post.:)
I have no clue yet whats going on, or where to go next... but.... hello!:)

[BIG BWACULL]

Hi. I am new. This is my first post.:)
I have no clue yet whats going on, or where to go next... but.... hello!:)
Hello i was in the same boat, but now i'm in the same boat just a little closer to the captain, I'm sure you'll learn a lot here and blossom :p: into a fine investor or trader
Welcome :)

[blossom]

Thanks BWACULL. I will sure give it a go. I hope to learn a lot from all you guys.
I have had shares for a long time now. Latest blunder... selling all my BHP shares just before they took off in price. Hmm

[awg]

Hi folks,
I'm Tony, aged 45. Have been a share investor for 18yrs.

Started with the big demutualisations like CBA , and have gradually built up to hold about 25 stocks.

Due to an unfortunate medical situation, I was forced to retire 4 years ago, and sell my heavily leveraged Real estate investments.

However, there was a silver lining to that dark cloud.

If one retires due to a permanent medical incapacity, one is able to establish a Pension within Superannuation, and pay very low tax on income (none within the fund) and NONE on Capital gain.

This is very good for potential share trading, and doubly good if you are relatively young. (The power of tax-free compound interest, over the long-term is mindblowing)

I decided that the Sydney RE market was probably going to trend sideways/down,( I made good capital gains leading up to that), and that the sharemarket was likely to go up, after 2 years of low performance.(2003)

So I established a super pension thru a Wrap fund..at that time I lacked the confidence to go on my own, partially cause I was still unwell, partially cause I lacked the knowledge.

During the last 2 years in particular I have been increasing my knowledge and involvement, and testing/benchmarking my investment decisions against those of my financial planner and stockbroker...guess what..I have substantially outperformed..them and the relevant indicies!

I have now reached the point of establishing my own low cost SMSF, Commsec accounts and will execute my own trades, based on my own decisions.

This site is great in that it enables one to become exposed to the more technical aspects of trading.

I admit I am along term investor, and have only sold rarely, this may be an anathema to many on this site, which seems to be more of a trading bias, rather than a long-term holder bias...but that is good for me, with no Capital gain issues, I can trade as much as I want..that is what I need to learn.

My approach has been very much top-down>sector>fundamental>technical.

I have found the Financial Review and associated Investor Magazine to be very educational. Read many books as well.

My aims are really only to match the indicies relative to my portfolio allocation,minus brokerage, maximise my Franking rebate, as I pay 0% tax within the pension, managed funds were stealing a goodly % of the credits,
and reduce unwarranted advisor and accounting fees. If I beat the index, that is cream.

I have been allocating strongly towards Resources and Financials over the last 2 years, contrary to my financial planner and brokers advice.

I wish I had found this site earlier.

I would welcome insight/strategies from other SMSF share buyers/traders.

warmest regards to you all, and best luck with your shares, Tony

[Pro1981]

G'day everyone...

Firstly i would like to thank all those people who have given advice about share trading and suggestions on how to go about trading shares....I myself are 3 months into reading everything i can get my hands on, the book im reading at the moment is called "Better Stock Trading" By Daryl Guppy i've found it very useful so far and pretty easy to understand for us newbies to the stock market when i am ready to trade i am looking to start trading in about 6 months timewith a capital of 5-10 thousand (bills pending ofcourse):rolleyes:....Thankyou all very much for the advice given it has helped me understand quite abit about the stockmarket 10/10.

Happy Trading to all,

[Ufonaut]

Hi All,

Wow, what a great site :)

I'm 45, and another software developer. Still developing my strategy and deciding the amount of risk, but finally picked half a dozen stocks a couple of weeks ago (go BMN !).

I'm always looking to learn more (and gee, isn't there a lot to learn!), so I'm thrilled to find a place to chat with folks with common goals.

Good Trading, Everyone :)

[livenlearn]

Hi all,

I too am a new starter. I have absolutely no experience or education on shares or how they work. Hence why I am here. Thanks to this forum and the opinions of many members I decided not to spend my hard earned cash on any of those "black box systems" or seminars but to learn via the old fashioned way, through the books you guys have mentioned.

Thanks guys!!

P.s any newbies who are in the same boat as I feel free to PM me, to chat about how you are educating yourself.:)

cheers all

[Insid]

Hey,

I been reading the forums for the past few weeks after stumbling across it while looking for information. Just about to take the plunge and get my feet wet.

I have been reading a few of the books you guys have recommended and I thank you for having this site open to the public.

Thanks,

[Nibbo]

Recently joined the site
Its got some great information and I am enjoying it

Had a couple of years with brokers and learned the ropes a little
I am now readyto start moving away from the broker and making informed decisions that dont cost me 1.5% a time

First few trades have been good, IDL, and MPO

[arthuryeo]

Hi Everyone,

I am glad i found this forum. Was about to plunge 4k into the seminar provided either by Optionetics or Platinum Pursuits. But after careful considerations, I think i will spend the money to buy books to read first, do paper trading before jumping in.

regards,

Arthur
Melbourne

[thewahaman]

Hey all

I got talked into investing in shares by my girlfriend two months ago, and haven't looked back since. I graduated from uni at the end of last year, so now that I actually have money I figured that I was better off investing it rather than letting it all sit in the bank. Decided to throw myself straight into the deep end (I can be lazy at times and figured the best way to keep my attention was to put my money on the line), and have learned a lot in that time. Stumbled upon this site a couple of weeks ago and I love it. Addicted might be the correct term to describe it...

Happy trading all :)

[Hakkers14]

Hey Gang,

yeah good talk mate on taking the plunge...i'm 21 and been playing sharemarket games etc since school but am stoked i've finally put in some money and investing. Learnt more in the last 4 months than, well, before that!

Cheers guys sweet site looking forward to future trading!

Hakkers:cool:

[aussie_in_china]

I'm an Australian, 25, living in rural China (been in China / Taiwan for around five years now).

I've had a casual interesting in trading for four or five years, and have been paper trading for a year or so.

Though I'm extremely busy starting a business here in China (travel services related - sorry not looking for investors!), two things have convinced me to take the plunge.

1. The unrealised profits from my paper trading (buying mostly resource stocks, a year ago).
2. The fact that I keep meeting sincere and successful traders here in Asia, who have retired young and with whom I often have interesting conversations. Each (three in particular) seem to think I could do well with trading.

I'm a bit wary about the decision to begin investing, since lucking-out on a bull market is probably giving me a degree false confidence, but then again there's only one way to find out!

And anyway, "You've gotta be in it to win it"!

I aim to make medium term trades and start out with only a few thousand capital, scale up from there and re-invest profits if they eventuate, otherwise focus on my business and use the experience gained to come back to trading in a few years time when I can commit more time and resources to it.

I look forward to learning from all of you more experienced traders...

[cfdhead]

Hello all on the forum, have been trading cfd's for a few mth's and its been a wild ride, like riding a fast motorcycle!. Hope to learn from you all as we head foreward.
Good trading to all .
Regards

[kennas]

Hello all on the forum, have been trading cfd's for a few mth's and its been a wild ride, like riding a fast motorcycle!. Hope to learn from you all as we head foreward.
Good trading to all .
RegardsWelcome cfd, hope you find the information here valuable. Cheers, kennas

[blowinbubbles]

Hey all,

Been browsing here occasionally, tired of cramming for exams, thought I may as well sign up. 20 y.o student from Melbourne, studying, yep, commerce and a bit of law.

Took a year off last year to work, travel and live it up, and sunk a few k into a managed fund upon my return without much consideration, but its done ok growth wise and surprisingly good divs. Was going to drop the rest into the market, but uni started, playing sport etc and studying onetel in accounting reminded me how little I knew, so it fell by the wayside.

Now after a year of uni I'm keen to get involved, if only reading and learning for the first few months.

Anyway, these forums seem to be loaded with interesting people/thoughts/ideas etc, so I look forward to having a chat.

Cheers

[2BAD4U]

G'Day All

Well after a few years of playing with property (gotta love WA the last couple of years :D) I then decided to start playing with shares. I enjoy the money market so much I am now studying finance at Uni to help me on my way. Bought some shares a while ago (BHP, SGP & WBC) and while researching CIG & MHL I came across this site. You guys are a wealth of information and I hope I can help someone one day.

I am now just starting to use Amibroker and finding my way around the trading side of things, but until I understand it all a bit better I will stick with long term investments.

Cheers
Warren

[onemore]

Wazza, I hope you are a quicker learner than me. I've been studying/trading for about 5 years now and still a novice.

Cheers and best of luck/skill.:)

[spidermonkey084]

Hi my name is spidermonky and im a tradaholic just joking ive just started in shares already used this forum some great info on here just wanted to say HI
and go BUR shares.

[xyzedarteerf]

Hi all, its zyxedarteerf im a newbie at trading, looks like there a lot of info here for newbie's.

[melfun1]

Hello everyone.

I am melfun1 and like arthuryeo have been contemplating which training course i should give my $5k-$7k to before I venture into this unknown land! However, having found this site I have been really impressed by the information being shared by your members!

Now, I too am going crazy buying books and will learn what i can myself (and with the assistance of your forum) to gain a better understanding of the stock market and become a successful trader, and hopefully put that money into the market instead!

I have actually purchased shares in both OXR & TTY, which as at today I have made a 50&#37; overall profit!!!!

Obviously, that will not always be my result - but i now need to work out whether to sell or hold, or like some of you guys, sell and buy back in on a regular basis!!!!

Anyhow...thank you for making this site available and also to everyone on it for sharing your advice/experiences! I hope that in time I will also be experienced/knowledgeable enough to assist other newbies in their quest!!!

I look forward to chatting soon!!!!

Happy Investing everyone!!!:D

[Tekmann]

Welcome Melfun1.

That was a well put together Introduction, and glad to see you made the decission not to buy a off the shelf course. Those course price are over the top, and really target people that are not in the know..

You may entertain the idea later, once you really know what your getting an d want, but for now great idea to just soak up heaps on here, and perhaps compliment it with some great books & even some audio/video material few few bucks (which I initially bought from $50-$300)

Good Luck & Good Trades
Cheers
Tekmann

[M34N]

Gday everyone.

Been a long time reader of this site, figured I should join and contribute something :)

Love this site, very informative and has helped me occasionally.

Cheers everyone.

[timster]

Hi
Tim here.
I'm another newbie to the share market. I've been researching CFD's & as I don't have a large amount of capital - think this is my best chance. Love this site (best by far) & I really appreciate the effort you guys put in. Love it when people share their knowledge of trading.

I've opened up an account with igmarkets.
The plan is to place my place my first long cfd in January (read somewhere that January historically a good month for the sharemarket).
I'm expecting my first child in April & the plan is to be at home 1 day a week - so I thought perhaps I could trade cfds on this day.

Ive set up my trading plan (thanks to my fulltime job I have some solid IT skills to do this).

Thanks again for all the knowledge keep it up.
Cheers Timmy

[melfun1]

Thanks Tekmann... I very much appreciate your response to my post!!!!

Would you have any particular books/audio/video which you would recommend I look into???

Happy Investing!!! :D

Melfun1

[Ausman]

Hello

I only found ASF today. I have been trading stocks and currencies for more than a decade, and for the past four years I have been trading my own self managed super fund. I look forward to learning more about ASF and its members.
Regards
Ausman:)

[frosty]

Hi everyone,
Today is my first time (I'm no longer a virgin). I have also never been in a chat room or forum until just recently.
I have been holding very small amounts of long term shares and now i am just begining to trade. Going for the margin loan soon. Need all the advice I can get
Frosty

[kennas]

Hey guys, welcome aboard! Hope you find some valuable information here. Feel free to ask as many questions as you like, but also remember to use the search functions! :) kennas

[adrianus]

Hi Guys,
after reading up on everything i could get my hands on regarding the market i thought i had a fair chance to get some 'quick' gains. Yeah right!
I bought a few shares about 1 month ago because i am suffering from the worst fear of all, the fear of missing out.
I bought some Coles shares, yes i knew about the possible take over, and i had a look today at my portfolio and the Coles holding has gone from my list. I haven't got a clue what happend.:eek:
All i'm trying to say with this is inform yourself before jumping in, i have a bit of crawling to do to get out but i will get there.
Good to read here that there are others who made the same 'mistake'.

Trade well,
adrianus

[prawn_86]

Gday Adrianus,

Welcome to ASF.

I think you will find your Coles shares no longer exist due to the takeover (which was approved) and once legal/court clearance is gained you will get your WES share and Div and Cash.

Enjoy!

[bigbadbobm8]

Hey hi all....

been a lurker for years....big on gold (where is chicken ;-) love the oil and a few others for good measure...:-)

Thanks to you guys and all the great info I have made a few bucks.....so a big thankyou....a big hello... and well fingers crossed we move on.... :-)

To QBE..WPL...AGS...LHG...SBM and lots of others...the kids love the pool thankyou ;-)

Happy trading...

Bob

[grace]

Hi everyone
I joined a couple of days ago after finding this site last week. Wish I had found it 9 months ago when I first started. I have found the information I have read in the last week so good. I did my first post today. Have not done the live chat yet. I love the breakout alerts.....as I was watching one of my holds the other day (FER) breaking out, there appeared a post almost instantaneously. Keep posting everyone. Keeps us all informed!
One question.....these break outs...sometimes they are on no news.....who drives this???
Cheers

[Hyperion]

Hi all,

I've been "lurking" on this site for a while too and finally decided to sign up. I've found many of the posts quite interesting and useful. Hopefully I'll be able to make a useful contribution every now and then too... :)


Cheers,

Hyperion

[Wealth Wizard]

Hi everyone,
Im currently studying Finance/Banking at uni and have always been fascinated with financial markets,

Ive played plenty of simulation games over the last few years with share cafe, ASX, and currently 'trading matters' and i feel i have an o.k idea about the market, but of course am always learning more. Im wondering if anyone is making a decent living by independently investing as their sole income, as I would rather build wealth through investment than be productive for someone elses pocket, any thought's on this would be appreciated. :)

[hardcoremike]

G'day all. I'm glad to have finaly found this forum since the only sites I visit are Aegis and my broking research site.

I'm a commerce student at uni.of melb, majoring in accounting and finance.

I also work at a financial management firm once a week


Cheers all and hope to post more.

[Rapture]

Hi all,

I have been hovering over this site for a while ... Just observing and soaking in what I can ... I have admittedly taken up some of the tips and have made a few dollars :D.. So thanks for sharing .. Hopefully I will also be able to contribute in the not so distant future .. Happy trading ...

[Tekmann]

Great to See so many new members

Welcome Guys (& Gals)

Cheers
Tekmann

[tieyouup]

Hi ya all.
Came across this site yesterday and had to join. Mainly to post a comment. Then after reading quite a few posts found a weath of info. Great site.
Im self taught and read alot about the share market but have alot of gaps that need filling, so hopfully i can pick brains. In a nice way of course:)

Dean

Live long and prosper

[jeffTH]

G'day everyone

Found this site on a google search whilst looking for some stock info. Quite fascinated with the huge amount of info and knowledge available so joined up a couple of days ago.

I am a self-funded retiree so have no spare income to invest in the market so my portfolio was capped at retirement. My aim is to invest, sell at a profit, re-invest and not to pay any tax. My main method is to keep stocks for 12 months b4 selling and benefit from the 50% discounted cgt - it seems to be working well.

Stock picking is of major importance and I look forward to obtaining some interesting research from this forum.

Cheers

[coolcricket]

Hi Everyone,


I too found this site through a google search, and I am very glad I have. The depth of knowledge of posters is great, and as I am just starting uni, there is a great amount of knowledge I will be able to absorb from those more experienced at investing.

Have a good one.

[diamond h]

Hi All,
Just started investing recently.Followed up a lot of advice from postings and was feeling quite smug until last week and now am back to scratch and in future will do more homework. A lot of the regular posters have been following some stocks for a long time with a few ups and downs on the way but they remain mostly positive. I have a few stocks like bow tex ady and cts which have paid off and the future prospects appear excellent so will hold these long term. I am semi retired and live in Crusader territory. I hope to get to the stage where I can give up working and just do trading and golf every day.
:)

[jessicaroy]

I am a SAHM mother and a newbie into stock trading. I am joining this forum to gain some more knowledge into trading. Lets hope I succeed.

[simo]

Founnd this forum last week and just love it....

Thanks Guys ..SIMON.:):p:

[prawn_86]

Welcome to all the newbies :D

There is a vast amount of resources available, and we suggest you have a play around with the sites search function, as many of you current questions may have been answered in the past.

The beginners lounge is also a great source of info, and feel free to ask any questions which you cannot find any help for.

Happy trading/investing :)

[DreamSciTech]

Hi Everyone,

I am very much interested in the pattern analysis, and I found that the stock market is a good place to do the pattern analysis. I hope to improve my ability on the pattern analysis.

This week, I am particularly happy because I predicted the rebounding of stock in another site (http://www.avianflutalk.com/forum_posts.asp?TID=17090&PN=26) on Sunday November 25, based on the closing price of Dow Jones in November 23 using my pattern analysis.

Since then, the Dow Jones is up from 12980.88 to 13,444.96, more than 450 points. Of course, I still have a lot to learn, because this time is simply by chance.

Have a great weekend

DreamSciTech:)

[tread]

Hey everyone,
I've been lurking around for a little while now and figured it's about time I introduced myself. I started investing in about July and have had a nice run with the miners (especially IRM :D). I'm still a newbie and only in high school but I'm keen to learn from all the experienced and knowledgeable investors on here.

Cheers

[Doris]

Hello All

I'm a high school teacher of junior Science, English, Home Ec and Hospitality Practices (for chefs-to-be) 200km north of Brisbane.

I've been glued to my pc for a month now marking assignment drafts via email. I procrastinated one day (4 weeks ago) and googled for info on a stock and found ASF. Wow!

I've coordinated the Sharemarket Game in schools for 16 years now, after doing a Securities Institute of Aust course as I was intimidated by my broker and was not good at selling. I cashed in as my kids went off to Uni.

I renewed my interest in trading in July and it's been a lonely hobby as I know one person who trades and several who invest long term in blue chips so it's been a boon to choose specs and then check out opinions... and the wealth of knowledge so generously shared on here. Living in a country town, it is so good to be able to indulge my new passion for trading by eavesdropping on total strangers who appear such genuinely nice, sensible, talented, intelligent people!

My first trade was SDL which I bought at .48 and sold on the merger ann day for .81. This was great as I'd decided to target a 10% profit disposal MO, yet held on past it. But I sold! I've married a few stocks I should have taken profit on (many times) but I've also sold at my target price and wished I'd held on. It's hard to not look back when you've sold.

Developing an instinct will come. They say that the conscious mind is 15% of the brain and the 85% in the unconscious/subconscious is a wealth of computing data to be tapped. Developing gut feeling, based on preparation, is my goal. Trying to make sense of patterns and predict the beast is so exciting and the bonus is selling and being able to choose the next spec. I don't see trading as gambling. It's a gamble and there is a difference whether you're right or wrong in your choice. Every trade is a lesson to learn from.

In a week's time I can day-trade for six weeks! And when daylight saving ends I can come home for the last 30 minutes of bourse trading again!

Thanks for being such a great group!
Cheers!

[Bruza]

Hi All,

I'm fairly new to investing in shares, started off by getting books from the Library, one of which I bought re Online Investing.
So the route I took was through ComSec.

I began with Blue Chips, for the long term, then added some Green chips, with the outlook for growth, & since added
some speculative stocks a couple of which are in line with the Green Revolution.

Have browsed this forum on a few occasions & found some very useful information, nice to be here.

Cheers,
Bruza.

[qwertyas]

Hey everyone,
20yr old in Perth studying medical imaging science at uni. Completely new here to the forum and investing/trading. Gained a lot of interest when my mum gave me Robert Kiyosaki's Rich dad Poor dad and would like to learn a lot more about investing/trading stocks and increasing personal wealth in general.

At the moment I have ZERO knowledge on money and how it works. The forums here look like a real good source of information, still cruising the beginners lounge here. What books books and parts of the forum that are good for a serious complete beginner? Any other sources of wealth that I should begin looking into/gaining knowledge about?

Thanks

[prawn_86]

Welcome once again to the new members, there is a huge resource available right here at your fingertips :) As we have said before, make sure you get a hang of the search function.




At the moment I have ZERO knowledge on money and how it works. The forums here look like a real good source of information, still cruising the beginners lounge here. What books books and parts of the forum that are good for a serious complete beginner? Any other sources of wealth that I should begin looking into/gaining knowledge about?

Thanks

Qwerty,
good to see you taking an interest, feel free to ask questions and take your time ie - dont rush into things.

I think you you will find there are a lot of members your (our) age, all at various levels and with varying styles.

The way i look at it is by starting now by the time im middle age (i wont name a figure :p: so as not to upset other members) I will have a decent knowledge and hopefully be able to maybe trade/invest full time.

[nt65]

Hello everyone.
Just started a few months ago in this trading game.
Must say I have the bug and loving it.
Have lots to learn, but I like to keep the KISS principle. I borrowed $100k - made sure I could repay it, if I lost it, buy approx $60k-80k in a blue chip ONLY. Wait for it to go up 2-3&#37; and sell. So far in three months, I have made 30% - $30k. It seems really easy, but everyone thats "been there, done that" tell me of horror stories - which I must admit, does worry me. Of course had I held onto them from the day one, that 30% would have been 80% now. Just like "you should have seen the fish that got away!!"

So far, things are soo volatile especially in the resources market, I make my profits there. Its great, I have just doubled my salary.
I now understand why people leave their jobs and start day trading.
This post probably sounds a bit too "happy" - believe me, I am cautious.

Anyway, no doubt you will be hearing from me - asking lots of (stupid) questions (sometimes).

cheers.

[lamot1]

Hi all, I'm Luke, 23 and from Melbourne. Recently an ex-uni student with studies in finance and engineering. Have been viewing these forums for a while now before deciding to join up. I am impressed with both the depth and breadth of information and opinion to be found here.

I have been investing (I wouldn't really say trading) on and off for a few years now since the first telstra float (remember - the one that didn't suck). My interests and investments these days mainly focus on the bigger players in the resource sector (Go iron ore :)).

[nathanhulls]

hey guys...
I'm a newbie to the forum, have been interested in the share market since I was about 10 back watching BHP at $7. I'm not 28 and have been through a painful education process jumping in feet first into CFD's and hitting the bottom of the barrel pretty quickly and pretty hard in 2005.

Its now time to recoup and actually learn what I should have back before I dived in, but hey that's the life of an entrepreneur hey.

I have a business in sales and marketing, and am currently contracted to a software development company in bendigo Victoria.

I'd love to build some great friends here in the forum and I'm also looking for a mentor if there are any successful traders out there who are keen to pass on their knowledge to a young guy who's looking to develop knowledge and skills to create wealth not just for wealth's sake but also to help other's who aren't so fortunate then I'd love to hear from you.

Looking forward to learning with you.

Enjoy the journey!
Nathan
- its more blessed to give than to receive!

[shooter]

Hey ppl

I am new to the game of investment and my interest is in stock options. Unfortunately I didn't graduate with a business degree (I graduated from Physics). Currently I work in a gas and oil exploration related company, wishing that I was a broker because it's more interesting. I only started studying about derivatives recently and may take a few weeks before I start practicing.

I'm looking forward to meet people who are willing to exchange knowledge and also I'd like to meet some competitors, so I get motivated. I hope that I can contribute good stuff to the forum in the future.

Peace

[dingbat]

hey guys...
I'd love to build some great friends here in the forum and I'm also looking for a mentor if there are any successful traders out there who are keen to pass on their knowledge to a young guy who's looking to develop knowledge and skills to create wealth not just for wealth's sake but also to help other's who aren't so fortunate then I'd love to hear from you.

Looking forward to learning with you.

Enjoy the journey!
Nathan
- its more blessed to give than to receive!

Nice thoughts Nathan ;)
I am new to the stock market. I have had shares in the past but could hardly be called an active trader.
I hope to learn lots over the next 4 to 6 months and than once I am feeling reasonably confident, take the lunge. :eek:
My problem is I have always been conservative with my finance, which means I save well and usually thoroughly check every thing I am getting into. I don't know if that will be a help or a hindrance for my future trading? :confused:

Hope fully I can give more back to this community in the future then what I need to learn at the moment.

Cheers

[tomatosauce]

Hi all:

New to the stockmarket. Been reading so much that my eyes nearly popped out. Sadly I don't have any actual experience on the ASX. ASF is the best stock forum i've stumbled on, great for interacting with gurus.

Cheers

[Sam Collins]

Hey All

My name is Sam and I'm 19 and new to the market and am very interested in trading day to day, or as much as possible, that is my ultimate goal, so I can get confident enough to make consistent profits. I have been reading books till I have gone cross-eyed. :D Now I am looking for some proper software, but am not sure where to start, I want something that has a live feed so I can watch it happen infront of me, at the moment I am just using Direct Shares(BankSA), using their Directshare Power app. Love this forum and any help I can recieve will/is greatly appreciated. :) Cheers

[MS+Tradesim]

Hi Sam,

Most brokers have platforms which allow you to see the action live. These generally have a per month cost unless you're a frequent trader and then they will let you use the platform for free.

Arturius has a thread which covers the basics/tools:
http://www.aussiestockforums.com/forums/showthread.php?t=9151

I wish I'd started when I was 19. As long as you learn the right stuff you'll have a bright future in the markets.

[prawn_86]

Once again welcome to all the newcomers :D

We suggest you read the posting guidelines if you havn't already, there are a few simple rules.

Also make sure you play around and get to know how to use the search function. It is invaluable and saves new threads being started again.

Happy trading/investing

prawn :)

[dastrix]

Hi,

Kris from NSW, 27. New to the game

Currently holding

BHP
KAL
ZFX
NHF

Current order for :

MQG

Strategy: B&H.

Nice to meet you all!

[prana]

Hi all, n00b to this board.

[bcprowor]

Hey guys

im 21, an Accountant. I have been browsing these forums so heres my hello to you all!

Im relatively new to the sharemarket.

Hold shares in AMP, BTT and Managed Funds.

Looking forward to learning alot from this forum as it should be great help.

[jdhd]

Hi all,

Been trading for about 18mths now. I'm really enjoying it. Use E-trade Pro as a trading platform. Have had some short-term wins and losses and some longer term wins (so far anyway). Have a 5 year plan to get rid of the mortgage and scale back hopefully to part-time work instead of full-time shift work. Still trying to get my head around all the technical terminology and will read absolutely everything even if I don't understand what it is I'm reading. Lots to learn!!!!!!!!

jd

[shootingstar]

Hi all,

Im 23 and I have just finished uni last year at Macquarie Uni. Been browsing these forums for about half a year now. Bought my first few shares in BHP, JBH and LYC a few months ago. Hasn't been as peachy as what I expected, but im on a steep learning curve, hitting the books in tech analysis and fundamentals. Its been an eye opener to say the least :) Cant wait to learn more and hopefully make a quid in '08

Cheers

Paul

[Pronto]

Hello all,
As a middling-term lurker, I’m now out of the closet so to speak. I’m ex-military and retired. Active as an investor (SMSF, still accumulating), and trader (mad money, still learning). Investment portfolio usually structured across a balance of blue chips, growth stocks and contrarians, using FA and TA. Sold down towards end of last year and now sitting on the sidelines with only a few blue chips open.

Trading style has been eclectic but now focussing in on minimal use of indicators (mainly volatility based), volume spread analysis and better attention to risk management.

Enjoy these pages which I check daily. Regards.

[prawn_86]

Once again welcome to all the newcomers

We suggest you read the posting guidelines if you havn't already, there are a few simple rules.

Also make sure you play around and get to know how to use the search function. It is invaluable and saves new threads being started again.

Happy trading/investing

prawn :)

[rok69]

Hello All,

I started lurking here 2 years ago but have been sidetracked with another investment (new business). This year I intend to be more active with CFD's and have already found the forum a valuable source of information.

Previosuly I had dabbled with a number of shares (at the moment I stilll have TLS #1!, AMP, BLS & RMD) but now I am more interested in CFD's and have been learning various forms of techncal analysis..

Hope to learn a lot more from the wise heads in ASF this year :)

PT

[kolonel]

Gday all,

I am a 36yo from SE Gippsland who is totally new this trading/investing guff.

My first shares were WOW when i was offered them because i was working at Dick Smith about 12 years ago, and lucky for me, never bothered getting rid of them :D

I am currently holding COE, which was from a tip (sighs all round i am hearing), but luckily i am up on it at the moment.

Have been paper trading for about 3 weeks, with mixed results. Looking at using this forum to learn some fundamentals with charting, and to fully understand how to set up entry and exit signals.

Look forward to reading/working with you all in the the pursuit of the $$.

Regards
Rob

[travwj]

Hi Everyone

I am 28 and have only just bought my first shares about 5 months ago. Only a small amount in GDY, but it is a company that i have high expectations in...over the long term. I don't know anything about the stock market and have joined on here to learn a lot and hopefully try and make some extra money with wise investment.

Trav

[kolonel]

Gday again,

This might sound like a stupid question, but is there a program that can offer the following :

Paper trading program but the ability to select shares with stop/exit/loss points to see how the trade would have gone down.

Its more of a training program/game, but would really give an insight to what the outcome of a trade would be.

Thanks.

Regards
Rob

[Scuba]

Hello all,
Thank you for the welcome enjoyed over the last few months of visiting, reading and posting here at ASF.
For me this site has challenged many thoughts and beliefs, encouraged further research and development, created howls of laughter and confirmed my trust in gut feelings and "first impressions".
The amount of time spent given the sheer volume of ("can't put it down") information here has encouraged a hunger for education within me not felt for years, again, thanks...
Scuba

BTW; I managed to read this whole thread tonight before posting to it... (Pats own back ;))

[leonc]

Hi, I found this forum through google and after browsing through HotCopper (haven't registered with them yet). ASF looks really good. I am open to the idea of doing this fulltime as I am getting fed up with working for someone. 2007 was a bad year for my day job in IT and I am facing the prospect of losing my current job. I am intelligent and well educated so this year I am going to read and read and read and in 3-6mths time, I will start trading slowly to get into the swing of things. Looking forward to sharing posts with you all. :)

[alli]

Hi all,

It's great to see there's this forum. I've been looking for something like this.
I'm pretty new to it all. In fact, I've been using an 'investment advisor' for the last year as I felt uneducated. However, having recently sustained 20% losses on my initial investment, I'm feeling like maybe I should take matters into my own hands??

Does anyone have any advice for how much loss is too much (ie is 20% considered normal for the last three months or so?)

Also, how does one go about investing money without an advisor?? I don't want to lose even more.

Thanks,
Alli

[hegemony]

Gday all,

Just moved here from another forum after a time of lurking. Sick of the blatant ramping on other forums. Investing for about a year, just learning, getting the feet wet. heaps to learn, hope I can contribute in time.

Thanks,
Russ

[skinner36]

Hi everyone,

I have just started looking at shares as a form of investment (phew, what a lot to learn).

I have already have gained a lot of information from this site, but no doubt I have just started to scratch the surface.

I haven't invested any money yet, I figure I need to learn a lot more before I get my feet wet.

Regards

John

[Rocket man]

Hi All

Ive been trading just a few months ... and probably just the worst few months to choose to start but hey .. im thinking its good to experience the rough times too - character building !:banghead:. I started off smallish so losses have been minimal

I spotted ASF on google search and have really enjoyed reading and occasionally posting. Im an accountant but probably spend more time looking at the markets all day and should be working harder ! Must concur with others that HC is the generally biggest load of crap ive ever read ! but always good to see what stocks are being discussed

Right now I like speccy risk with low cash outlay and currently on short term JMS KAL EXM and my long termer OXR ( all struggling but will hang in there)

Bought NSL today at .023 .. thought id jump on for the ride

Thanks to all regular posters .. keep up the good work and enjoy :)

[ecfutures]

Hi everybody, just to share some thoughts among stocks market newbies'.

Below are some conclusion i made after i join stock & futures for years.

Trading System

Majority of the traders in the market are adopting strategy such as “buy low sell high” or picking high volatility penny stocks for blindly speculation on price differences. However, this strategy is more depends on luck compared to a proper trading system. I was traded stocks market & futures market for the past seven years, and I had made many mistakes as well. However, after study on these mistakes, finally I realize that most of the mistakes are avoidable. Below are 3 common mistakes which often made by investors such as;

1. Lack of Self-Discipline

· Emotional effect is the strongest enemy in our trading. It is hard to be controlled especially when we are losing money. Hence, it sometimes causes further losses due to our late decision made when trend is starting to against our position. This is the time where most people will not follow their trading plan and finally cause a failure trade.

2. Improper Trading System

Trade against trend is the most common mistake made by investors. We should never forget that “Trend is your friend” as people always say.

· Averaging a loss will only let the losses grow like a rolling snow ball especially when you are against the trend.

· Never set cut loss point after enter market.

· Do not have a good exit plan for profit taking.

· Enter or exit market randomly without finding out the entry or exit signal.

3. Inefficiency Money Management

· Lose money more than affordable. To chasing big money, some people like to take loan from others or financial institutes and put it in the markets that finally will cause them bankrupt when they lose out all the money.

· Futures is a high leveraging products. Without proper money management, people will easily meet a margin call and forced to close the position.

· Let the losses run or take the profit too early.


Due to 3 mistakes stated above, I have adopted few strategies in my trading.

1. Discipline – Key to success. In portfolio management or any trading transaction, every decision should not be revoked after made. We must stick closely to the “RULES” and our own trading system no matter what happen.

2. Management – Key to reduce the risk exposure. This is a solid & defensive operation strategy because we are looking at a long term performance. Always set a protective stop to avoid huge drop in capital.

3. Trading system – Key to generate a huge profit. A good trading systems is a kind of “Mechanical” trading system where no emotional effects will related on decision making for any entry & exit timing. With a mechanical trading system a trader does not have to understand much about the market, trading conditions, etc. since what is needed is only to follow exact rules of the system. Some good trading system even can be a step ahead of others when entry or exit market.

Rules of Thumb

To make trading easy, we introduce 3 easy steps (please refer “futures market”) and 3 mandatory “RULES” as below for investors to follow.

RULES

1. Always holding position on one stocks or futures product unless for some unavoidable reason.

2. "NEVER" invest > 50% out of our capital (Ideally is 30% or below). Balance of modal must ready as backup for margin requirement. This is for futures product only.

3. "INCREASE" position gradually only when realized profits are added to the capital.

Hope you guys can learn something from here.

Cheers!!!

[hartley]

Hello Ladies and Gents,
I'm James Hartley, I found ASF after reading Motley Fool, searching their site for 'australia' which turned up centro, and Centro in google leading me here =]. I'm fresh out of uni, looking for somewhere to make my spare salary into millions =P. I've had about 10k blindly invested in Westfield group (WDC) for the last few years but it's not even keeping up with inflation, so I'm looking for somewhere to move that money too.

Hope we can help each other (in the long run, I cant offer much yet =P)!

Regards,
-Hartley

[SRoger]

Hi,
Just wanted to introduce myself. I have been wanting to trade for a while now. I opened my trading account 3 years ago and probably have done about 15 trades in that time. Very poor, I know but I was always too busy. I have now drastically changed my life, left London and moved to Brisbane. I am currently getting my head back into trading or rather getting my head into trading. I did a course a year ago and am currently going through Guy Bower Options trading book and learning the optionxpress environment again. I don't find Guy Bower very clear sometimes. I am sure it will click at some point.
Anyway, I look forward to going through this forum in order to learn as much as possible.
"The winner is not the one with the highest IQ. The winner can simply be the one who persists and does not discourage in the early stages of learning"
Sadly, after 3 years of wanting to trade, I am still in the early stages but not discouraged.

[radar23]

Hello i'm a new bear to the market. I;ve been trading causiously for 2 years and my my time has come.

3rd stage bull market has passed.

Happy new year

[Gullible]

G'day all.

I've had some shares for over 30 years on a "set and forget" basis. But now at 56 and semi-retired, I'm looking to increase the return on my SMSF investments.

My Ozzie share market holdings were increased in '07, and I am still looking to buy further with a conservative strategy as opportunities arise.

Look forward to sharing some ideas.

- Gullible