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Beginners - Introduce yourselves!

Discussion in 'Beginner's Lounge' started by jeromejf, Mar 2, 2007.

  1. john m

    john m

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    thanks ann I intend to besides you cant fish everyday
     
  2. aus_trader

    aus_trader

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    Welcome both 12Percent and john m. I don't day trade stocks so can't offer any hints and would be too much adrenalin for me. Even doing a few speculative stock plays gets me worked up. I think this market slide we are having is challenging and once bottoms may create some opportunities.

    I'm not suggesting any stocks as advice or recommendations but if you want to learn from my mistakes you can follow along the two portfolios I post here at Aussie Stock Forum:

    For Medium/Longer term stock investing Medium/Longer Term Stock Portfolio
    For the speculative stock picking Speculative Stock Portfolio

    There is heaps more threads and resources to look through, take your time...
     
  3. Mimpe

    Mimpe

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    Hi
    Close to retirement. Self employed with SMSF. Survived 2007 reasonably well. Many years with a full service excellent broker, but we are wondering about costs and perhaps freeing ourselves from the subtle conflicts of interest. I enjoy swing trades on Large Caps, and good risk management, as well as quality education. Interested in CFD’s and shorting but havent got around to it. My current systems include channel trades with straightgorward enties and exits. We do multiple screens from macro to industry to stock to set up. I like back testing indicators that are suited to a specific stocks, and we occasionally do “ washout trades” on long term oversold stocks that are recovering well. . Lots to learn. Not particularly high volume.
     
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  4. aus_trader

    aus_trader

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    Welcome Mimpe and good to hear that you have some investing/trading experience. I like your top down method for selecting stocks. Do you use fundamental analysis or macro economic factors in this type of stock selection?
     
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  5. Mimpe

    Mimpe

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    We try to take to long positions , even when swing trading, in sectors that combine favourable macro aspects, as well as the companies in those sectors with good cashflows and institutional support. Its most as part of risk management, as the trading part of the portfolio is never more than 20-15 % of the total.
     
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  6. WhiteEagle

    WhiteEagle

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    Hi Everyone.
    I am self employed electrical engineer have traded in Aus for about 18mths traded back home in Sweden but that was 12years ago. Just started an account with IB, bit slow to get moving. Following Aussie stocks now, liking the SmallCaps web page. Intentions are full time day trading.
     
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  7. cbau

    cbau

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    Hi All,

    I'm a 31 year old male living in Sydney.

    I have two houses, my PPOR in Sydney and an investment in Brisbane.

    I currently have an managed fund with about $7500 based mostly around tech stocks, it has taken a hit in the last week or so but that is all part of the market right. I put in $400 to that every month and it has grown quite well considering i only started it in may last year.

    I have recently started researching stocks a bit more and i am thinking of moving out of the managed fund into index funds, i am looking at Vanguard funds but don't really know where to start.

    I am looking to pull $16000 equity out of my bank loans and add this to my $7500 I should have a little under $24000 to start off with.

    My strategy so far is to use the Vanguard high growth index fund and maybe put the $7500 straight into it and use a dollar cost averaging strategy for the rest.

    Any advice would be much appreciated, in the meantime i have plenty of reading to do.
     
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  8. aus_trader

    aus_trader

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    Sound good, like given for your reply. Just one more question about institutional support you mentioned above. Do you just stick to the top companies e.g. ASX200 or ASX300 which are generally owed by the institutions or do you have another method for working out which companies have institutional support?
     
  9. Joe Blow

    Joe Blow Administrator Staff Member

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    Welcome @12Percent, @john m, @Mimpe, @WhiteEagle, and @cbau! :)

    I'm very glad that you all found us and I hope you enjoy the forums. If you have any questions or require any assistance, please don't hesitate to ask.
     
  10. Ann

    Ann

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    Welcome Mimpe,

    Look forward to hearing more about your trading. Feel free to join the threads, it is always great to hear other people's experiences.
     
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  11. Ann

    Ann

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    Welcome cbau, great to have you join us. Please join in any chats which appeal to you. Fresh thoughts are always interesting.
     
  12. Ann

    Ann

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    Welcome White Eagle, there is a lot of information here, an excellent place to start learning about Aussie stocks.
     
  13. Garpal Gumnut

    Garpal Gumnut

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    I'm not trying to dim anyone's dreams but many of the preceding posts do not seem to have a stop sell option in them.

    That is if the market whether it be housing, funds or stocks turns against you, how do you get out.

    e.g. If you have a house in Bne worth $700,000 rented for $30-35000 pa and the property market drops 40% which I've seen it do, and your lease is up, how do you manage the multiple gearing of other assets such as funds and stocks around this property?

    The banks will value your house at 50% less ( they always do), the renters know it is a rental market and you maybe rent it for $18000 pa to less desirable tenants and then your stocks and funds fall.

    Where to from here?

    gg
     
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  14. aus_trader

    aus_trader

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    Good point GG, especially with a house it's hard to let go of. Hard for an investment property and near impossible if it's your own home.

    I could be wrong but it may be a bit easier with stocks well at least the process is. You either press a few keys on the keyboard or call up your broker and the stock is sold. I have held onto stocks too long in the past even right through GFC for most of my stocks and that was a mistake as a lot of the mining juniors went bankrupt along with my money. So nowadays I try to get out of positions before too much damage is done to my portfolios. Not a perfect solution (death by a thousand cuts is still possible) but an ongoing learning process.
     
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  15. AaronCo99

    AaronCo99

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    Hey everyone, I’m pretty much just learning how to trade at the moment getting my feet wet and the likes with paper trading, I feel like I’m young for a trader (18) but I don’t really have a clue tbh I reckon the earlier I start the more chance I have of getting ahead. Looking forward to sharing and learning with/from everyone here.
     
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  16. Joe Blow

    Joe Blow Administrator Staff Member

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    Welcome to ASF Aaron! You're absolutely right about the wisdom of starting early to get a head start. Best of luck on your journey. I hope you enjoy the forums and find them educational and informative.:)
     
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  17. Mimpe

    Mimpe

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    I generally dont trade below ASX 50 capitalisation and my preference in ASX 20. If trending up , the index support is significant. If trending down, the end of month index fund weighting adjustments have an effect in the opposite way.
     
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  18. Ann

    Ann

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    Hi Aaron welcome! Perhaps you might like to join the Tipping Competition next month as a bit of practice with trading without the $$ risk! :)
     
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  19. AaronCo99

    AaronCo99

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    Yeah for sure, that sounds good!
     
  20. Crunchy

    Crunchy

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    Hi all. Bought a few ETFs (the staples - VAS and VGS) a few years ago but have decided to take it all a bit more seriously this year. I am mainly looking at indexing for now but very much want to get into picking up specific companies here and there once I think my portfolio is set (as set as it can be anyway). Just wanted a place to talk to like minded people because none of my friends or family are really into this stuff the way I am! Cheers.
     
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