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Dump it Here

Discussion in 'Beginner's Lounge' started by Skate, Dec 17, 2018.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. sptrawler

    sptrawler

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    One wonders, if those who decried the missed opportunity last time, will avail themselves of it this time?
    Or just wait to demean those, who do take the opportunity, as happened every other time.:rolleyes:
    As Skate says, the market is driven by emotion, the trick is controlling yours.
     
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  2. Skate

    Skate

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    @sptrawler most wimpy traders are locked & loaded waiting for the tide to change, itching to get back in (well I am)

    Skate.
     
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  3. Skate

    Skate

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    Wimps
    @sptrawler I'm a wimp when it comes to trading - I’ll go so far as to claim that a smart wimp who runs and hides when the going gets tough generally produces better results than brave souls who are proud of their ability to suffer great monetary pains while they wait for their convictions to be rewarded.

    Being macho
    The problem with the “macho” approach to the markets is that the consequences of being wrong are so onerous. The stronger your convictions and beliefs, the more invested and braver you are, and the greater the chance for a backbreaking loss. The wimpy investor knows that the key to success is staying in the game for the very long term.

    Skate.
     
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  4. sptrawler

    sptrawler

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    Once the herd starts running, it is hard to change its direction, I personally feel this has a way to go yet.
     
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  5. Skate

    Skate

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    @sptrawler I'm with you - traders are very moody at the moment..

    Being a wimp I use a lot of protection

    Traders who are wimps will use a variety of tools for their protection - I'll list some of those tools:
    1. An Index Filter
    2. A Turnover Filter
    3. A Volume Filter
    4. A ROC Strength Filter (ROC = Rate Of Change)
    5. A Price Filter
    6. A Trend Filter
    7. A variable trailing stop
    8. A momentum ROC stale stop Filter

    I use all of them..

    Skate.
     
  6. sptrawler

    sptrawler

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    I must get started on researching trading, I have been a lazy buy and hold, with a big chunk of cash as a backstop.
    Time to get off my ar$e and do some study, thanks for all the info Skate, it gives me somewhere to start.
    Do you need a special comsec account, to run a trailing stop, or is the facility available on all accounts?
     
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  7. Skate

    Skate

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    Hi @explod you have dropped some gem in this thread already & I was wondering what trading style you prefer ?

    Skate.
     
    Last edited: Dec 20, 2018
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  8. Skate

    Skate

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    @sptrawler trailing stops are normally coded into a trading strategy

    A standard CommSec account allows you to "Place Conditional Orders"

    Two examples of a conditional order
    1. 'Trades at or Below' for Falling Sell and Falling Buy
    2. 'Trades at or Above' for Rising Sells and Rising Buys

    Skate.
     
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  9. mcgrath111

    mcgrath111

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    Unless information is released pre market and **** hits the fan #Vocus got me good
     
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  10. Skate

    Skate

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    @mcgrath111 someone out there will always know more than you or I - perhaps that might account for why a stock move the way it does.

    Even after you’ve learnt how to trade successfully, you will still take your hits - that's the trading game.

    Skate.
     
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  11. Skate

    Skate

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    This is pure gold...

    @Value Collector remarked there are benefits of spending less that you earn !

    Great advice..

    Skate
     
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  12. Skate

    Skate

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    What I’ve learned about the concept of compounding money!

    I learned the power of reasonable returns, time, and compounding of money can lead to extreme wealth.
    I have applied these principles in the management of our net worth.
    Reasonable Returns + Time + Compounding of Money = Extreme Wealth.

    Pretty simple formula but not especially easy to do!

    Skate.
     
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  13. Skate

    Skate

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    Compounding

    Compounding wealth over time is a slow process but when it starts it will snowball.

    Skate.
     
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  14. Skate

    Skate

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    Compound Interest

    “Money makes money. And the money that money makes, makes more money.” –Ben Franklin

    The power of compound interest is that your money will make more money without you having to do anything, your money keeps earning more and more money all on its own.

    Skate.
     
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  15. Value Collector

    Value Collector Have courage, and be kind.

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    Yep, this short video shows exactly how much a difference starting early can make.

     
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  16. Skate

    Skate

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    @mcgrath111 I feel your pain...

    Big Loss
    This is what a big loss looks like for me (a picture paints 1,000 words) 41.83% of my investment gone in two weeks
    ZZ Big Loss Capture.JPG

    Big Win
    This is what a big win looks like for me (a picture paints 1,000 words) a gain of 41.83% on my investment - it took 44 weeks (meaning the enjoyment lasted 44 weeks)

    ZZ Big win Capture.JPG


    Skate.
     
  17. Skate

    Skate

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    @Value Collector that short video is pure gold..

    Thank you for your wonderful share - I recommend every member to view the power of compounding..

    Skate.
     
  18. mcgrath111

    mcgrath111

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    Know when to hold em.
    Know when to sell them.
    Know when to ignore the broker reports.
     
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  19. tech/a

    tech/a No Ordinary Duck

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    Or earning more than you need.
    Depends on how you look at creating surplus.
     
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  20. Skate

    Skate

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    I would like to endorse @Value Collector post.

    Albert Einstein
    Albert Einstein famously stated: “Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn’t... pays it.”

    Skate
     
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