• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

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. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Not sure what the economy's up to?

    Nor are the experts

    There are times when the world’s economists think they’ve got everything figured and times when they know they haven’t. The latter is where we are now, with the entire profession scratching their heads wondering what’s causing the economy to behave as it is but it simply boils down to slow economic growth but mainly fear.

    Skate
     
  2. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    So why is market acting the way it is?

    That’s anybody’s guess.

    Trying to guess what the market is doing or what’s causing the market to behave in such a way is sometimes futile and will eventually drive you mad thinking about it.

    I'm looking forward to @peter2 summary after he spends some time reviewing the top200 charts seeing where the money has gone.

    Another explanation is that investors are focusing on what other investors are doing and they will do much the same.

    Fear is always the primary driving force in the stock market but like all human emotions, it can rise to extreme levels and then suddenly shift.

    Skate.
     
    Saqeeb, JimmyJames80 and gtx like this.
  3. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    A walk down memory lane

    Remember placing your first buy order?

    You were either exuberant when the share price increases or you felt despondent experiencing a white knuckle ride to the bottom.

    I remember being so nervous the first time I hit the [Buy] button.

    Skate.
     
    Saqeeb, JimmyJames80 and gtx like this.
  4. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    I digress..

    While down memory lane - I vividly remember my first kiss - my first girlfriend..

    Things were going so well, I lent over and whispered in her ear.

    I'll never forget her answer..

    Skate.
     
    Saqeeb, JimmyJames80 and explod like this.
  5. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    I posted before I told you what she said..

    "YOU WANT ME TO SUCK WHAT?"

    Well my first trade didn't end well - neither did that night !

    Skate.
     
    Jack Aubrey, Saqeeb and JimmyJames80 like this.
  6. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    The markets haven’t been this low for 12 months.

    Everyone itches to start trading and we all have impulses to do things, and many times they are not in our best interest.

    Skate.
     
    Saqeeb and JimmyJames80 like this.
  7. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Trading

    Trading is just about selecting companies that you believe will increase in price over time.

    Once you place your buy order, just hang on for the ride as its all you can do from here on, the only thing left for you to do is manage you sell orders as everything is in the lap of the gods.

    Trading is an emotional roller coaster and how you manage your psychology really matters even more than your stock selection.

    Skate.
     
    Saqeeb, JimmyJames80, gtx and 2 others like this.
  8. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    I hope trading is beneficial to you.

    Hopefully my thread goes someway explaining the financial stress of trading - if not, my next hope is that you achieve personal growth and education.

    Skate.
     
    Saqeeb, JimmyJames80, gtx and 2 others like this.
  9. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Horror stories

    I've heard of some horror stories over the years and I'm sure you know a few people as well who have been through the ringer with some bad experiences. Perhaps they've been duped by a Bank or they simply just didn't have any plan or strategy when it came to trading.

    Stories like these are not uncommon, in fact it's all too common.

    Skate.
     
  10. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Why do traders lose at trading?

    The answer is that they are humans not machines.

    When it comes to trading you need to be clinical, resist being emotional and irrational. We are human, and that's the problem.

    Humans are not wired to invest successfully and to overcome that weakness you have to have a system. Having a system or strategy to trigger an action without debate adds value and certainty but more importantly allows you as a trader to be impassioned and also sleep at night.

    Skate.
     
  11. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Tags

    So much said, so little words.

    The tags are in no particular order

    @satanoperca - "GFC 2 is at the door for Aus, knocking, will not be long until you have to open the door"
    @Garpal Gumnut - "I refuse to join any club that would have me as a member."
    @Trav. - "Some traders hunt elephants, others rabbits. Rabbit hunting is a much more reliable pursuit"
    @bigdog - "DYOR, I am not a financial advisor"
    @sptrawler - "Allow for the worst, hope for the best"
    @wayneL - "I think, therefore I am......not a Guardian reader"
    @stefan - "Try not to become a man of success, but rather try to become a man of value"
    @tech/a - "Live LARGE"
    @barney - "Don't bite the hand that feeds you ... and don't bite off more than you can chew!"
    @fiftyeight - "The speculator's deadly enemies are: Ignorance, greed, fear and hope"
    @Value Collector - "Inter Hastas et Hostes" a motto roughly translated ("Between Spears and Enemies")
    @ducati916 - "jog on - duc" (http://leduc998.wordpress.com/)
    @kid hustlr - "On the way"
    @jbocker - "A lacky-band gun removed from an algebra class because it was a weapon of math disruption"

    These are but a few.

    Skate.
     
    Saqeeb, JimmyJames80, gtx and 3 others like this.
  12. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Conviction

    A person with a conviction is a hard person to change. Tell him you disagree and he turns away. Show him facts or figures and he questions your sources. Appeal to logic and he fails to see your point.

    Skate.

    @Ann
    @Sdajii
    @Smurf1976
     
  13. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    So deeply ingrained

    Our belief system is so deeply ingrained in us, but if people are open to the idea of altering their belief system there would be change for the better in them by moving out negative mental beliefs and replacing them with positive ones.

    Skate.
     
    Saqeeb, JimmyJames80, gtx and 2 others like this.
  14. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Fact

    Humans reject information right in front of their eyes because it is contrary to what they want to believe.

    Skate.
     
    Saqeeb, JimmyJames80, gtx and 2 others like this.
  15. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Fact

    People believe what it pleases them to believe

    Skate.
     
  16. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Solution

    There is no solution if people can't see the problem...

    Skate.
     
    Saqeeb, JimmyJames80, gtx and 2 others like this.
  17. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Life

    "Life is not complicated, we complicate life"

    Skate.
     
  18. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Here is an example of a dump.

    Skate.
     
    Saqeeb, JimmyJames80 and Darc Knight like this.
  19. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Ideas

    ASF as the name suggest is a Stock Forum but @Joe Blow has kindly allowed the forum to incorporate a discussion of ideas.

    Skate.
     
    Saqeeb, JimmyJames80 and explod like this.
  20. Skate

    Skate

    Posts:
    1,367
    Likes Received:
    5,291
    Joined:
    Dec 28, 2013
    Misinformation

    There is so much misinformation & fanciful stories on the internet, remembering journalists make most stuff up - I want to draw your attention to this fact as some investors will make financial decisions on what they read.

    Skate.
     
    Saqeeb, JimmyJames80, gtx and 3 others like this.
Loading...

Share This Page