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Dump it Here

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

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  1. Skate

    Skate

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    Why become a trader ?
    Investing in the stock market has consistently proven to be one of the most profitable forms of investment available.

    Starting is easy
    You can start trading with a relatively small amount of money ($50K) whereas buying a property requires much more.

    A small investment
    $50K will allow you to take almost immediate action to buy and sell stocks, unlike property that takes much longer & with trading it allows you to sell part of an investment, whereas real estate requires the full property to be sold.

    Compare the costs
    Transaction costs are much lower than those of an equivalent property investment & trading allows investments to be monitored easily, allowing you to obtain an accurate valuation quickly, at any time.

    Trading is a safe Investment
    Trading allows you to choose from a diverse range of stocks, thus maximising returns while spreading the risk. Trading is mostly free of blatant outside manipulation, due to the activities of regulatory bodies & has proven to be one of the safest forms of investment, if you knows what you are doing.

    Skate.
     
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  2. Skate

    Skate

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    What to buy & when to buy
    If you only buy the strongest stocks, and sell any stocks that do not perform well, you can expect to achieve significantly better results. These techniques include selecting higher potential stocks, when to enter and exit the market when each stock gives confirmed signals is where the money is made.

    Consistently returns
    As with all types of investments, there are disadvantages associated with trading in the stock market. The main disadvantages includes the need to acquire knowledge to consistently achieve better than Index returns. The learning process is slow & painful.

    40 Position Portfolio
    Having a reasonable capital base with a large portfolio position size will ensure that you are not exposing too much capital to any one investment, ensuring that you can obtain a big enough return. Having the discipline & conviction to enter and exit the market when entry and exit signals are given is another matter.

    Monitor your investments.
    The good news is that, through gaining trading knowledge and experience, you can overcome these disadvantages, or at least minimise their impact.

    Skate.
     
  3. Skate

    Skate

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    I should answer a question I often get asked
    What is the difference between an investment and a trade ?

    It's a touchy term
    Some argue that an investment is merely a longer term trade. Others argue that the difference lies in the intent whether you purchased the stock primarily for the dividends paid by the company, or for the capital gain.

    One thing I can say
    Trading requires greater knowledge, preparation and discipline than investing. It is also usually more profitable

    Skate.
     
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  4. Skate

    Skate

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    Next I want to post about Trend Following

    Information overload
    Its been stated the 'Dump it here' thread has an information overload, sometimes I post quicker than some can read, who knows. I'll wait till others catch up because I also want to explain what drives my trading strategy & why I trade three different systems.

    In the break I'll think about how to make the posts interesting to read.

    Skate.
     
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  5. qldfrog

    qldfrog

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    Definitely looking forward to cross the internet China wall and download your book
     
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  6. ducati916

    ducati916

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    There is no difference.

    Both have the same purpose: to exchange a set of circumstances (a) for a better/improved set of circumstances (b) through providing an input (a) and reaping the output (b).

    The methods employed to achieve the result are different. The purpose is the same.

    jog on
    duc
     
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  7. Skate

    Skate

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    Please if you want to ask me a question use @Skate

    How to ask a good question
    (a) Consider if your post adds value to the discussion.
    (b) When expressing an alternative view, start off by saying “In my opinion …” and try to focus on the issues rather than person.
    (c) We are all wordsmiths to some degree & it's easy to incite an emotional, knee-jerk response, creating an emotional outburst.
    (d) Ask a detailed question & you will get a detailed response.
    (e) Ask a one liner, it deserves a one liner response.

    Don't ask one liners
    Most member ask questions as one liner, (not all but some) & sometimes their responses are the same, it's unhelpful. If you skim my post you'll learn nothing but with repetitive reinforcement of successive posts the smart one will.

    It takes time
    It takes a lot of time & effort to give a measured response so all I'm asking if you have a question detail it precisely, let me understand why you don't understand as playing tennis with others is tiresome, boring & more importantly it waste our time.

    Same old same old
    Some members tend to follow patterns of behaviour, posting to invoke an emotional response, never answering questions directly to justify their position but they "always demand documentary evidence" from others to support their assertions, while offering none in return.

    Please don't let that be you.

    Skate.
     
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  8. satanoperca

    satanoperca

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    A peer review

    Original comments in blue for @Skate
    Comments by @satanoperca in orange.

    There is a reason for the colour selections

    The brief :
    Sometimes you feel like dumping stuff & this thread might be the perfect place.

    Helping Others
    You might want to dump stuff here to help others
    "Achieved, but seems at times to be very manipulated and one sided, helping is not one directional, but bidirectional, may something the creator could understand or does but chooses not to"

    Unload
    You might want to unload & dump something off your chest
    "Haven't seen an example by brief creator, but may have missed it as busy out enjoying nature"

    Gems
    You might even want to dump some gems here
    "Achieved and enlightening at times, but need to sift through to find the gems"

    Let it go
    Sometimes you can't let somethings go till you dump it on paper
    "Haven't seen an example by brief creator, but may have missed it as busy out enjoying nature, with the exception of the briefer at times not liking that he cannot manipulate or control the direction of the discussion"

    Dump it here
    If you want to dump it, dump it here "
    Fantastic, creative idea for a thread and all credit to the creator"

    Skate.
     
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  9. tech/a

    tech/a No Ordinary Duck

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    Clearly targeting the Duck
    I will respond as expected with emotion

    (1) I’m not a conformist to you Skate or anyone else.
    (2) I will respond in which ever way I feel the most time efficient and direct.
    With question or answer.
    (3) Same old Same old — you are affronted by my question, your attempting to gain control.
    The same old same old is avoidance to direct questions,in ability to back ridiculous statements (Ann), attempting to put the Duck in its place ( the one you feel most comfortable with ) and of course not answering simple observations.——Deflecting

    I’m sure I was married to you once
    Walked out then
    Walking out now

    Enjoy your game.
     
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  10. satanoperca

    satanoperca

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    I must also add, that @Skate ebook is long and detailed and in order to understand and get a grasp of the content, one must read completely first, and I would suggest reading small sections at a time to understand the wisdom/knowledge trying to be communicated. For every statement, question (what the f--k is he on about and why) and then you may develop insight and understanding.

    Great read @Skate
     
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  11. Skate

    Skate

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    Are me mates again ?

    I was illustrating conditioning.

    The way we respond to a situation is all about controlling your emotions, it’s so important when it comes to training.

    I was demonstrating that point. Don’t let emotions drive you.

    If you still feel upset, let it go.

    Skate
     
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  12. Skate

    Skate

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    You miss the point, I’m not asking anything of anyone. I’ve politely requested if people want to ask me a question, please don’t use one liners as they serve no purpose.

    A detailed question let’s me better understand where they are coming from, so I can rely with a metered response instead of making me guess.

    My post today was a re-post from a few days ago well before you getting upset.

    Skate.
     
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  13. willy1111

    willy1111

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    @tech/a Thanks for sharing the story.

    Curious to know, how much below rrp do you think you paid in rough percentage terms? 20% below? Ie $100k rrp paid. $80k etc

    Rrp is meaningless to you, but to the average mug off the street, this is what they pay.

    I am just trying to gauge how much fat is in there for the dealer, how much room are they willing to move.

    We recently purchased a new car and managed to pay 20% below rrp, the sales process was fun for us, knowing a bit about the game. Maybe we could have got it down further, we will never know, but in the end both parties were happy and deal done.
     
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  14. willy1111

    willy1111

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    I learnt this from How to win friends and influence people by Dale Carnegie.
     
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  15. satanoperca

    satanoperca

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    You make me laugh, young grasshopper.

    We were never mates, the term mates, is something that I hold in the highest esteem, they are the people who you celebrate with, who you can call on when you are down, who don't judge you (something you must learn) and accept you for who you are, they are the people you hug and tell them that you love them.

    So as we were never mates, unless you simply use the term for acceptance, we cannot be mates again, mateship, like trust is earn't.

    So read and understand the statement and you might understand that your further comments a simple and naive, assumptions make an arse out of people, you assume a lot, without understanding.

    My advice to you my young Skate, is read what you have written in your ebook and practice it.
     
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  16. willy1111

    willy1111

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    I found Allan Pease has a lot of good info on reading the non verbal signs of communication.

    Any others you would recommend?
     
  17. Skate

    Skate

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    satanoperca, thank you for your reply, its demonstrated that you have thought about your response to me, this time you didn't react but responded to me. (well done)

    I appreciated your measured & thoughtful reply. Having your say is liberating, everyone want to be heard (that's human nature) & expressing your point of view is how its done.

    Your post is well written & constructed. (two thumbs up from me)

    I only hope others read your post over & over to help them better understand why keeping emotions in check is so important.

    Skate.
     
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  18. Skate

    Skate

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    satanoperca, thank you for grabbing a copy of my eBook I really appreciate you taking the time to have a look inside. I've spent a lot of time formatting the eBook into something so simple. The paragraphs are short & written from my point perspective.

    I've got heaps in my head that I want to post, whether people agree with me is irrelevant.

    By you saying, (what the f--k is he on about and why) is important & it's an indication that you are thinking about what you are reading, letting it sink in.

    Now that's what I'm on about.

    I'm not telling you what to think but how to think, a topic we are never taught. How to make a good decision is another.

    Skate.
     
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  19. willy1111

    willy1111

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    This post appears to be all about you @tech/a, have you considered trying to understand where @Skate is coming from? . . . silver shoes and all that :)

    Perhaps this post is not helpful, I've posted so that hopefully you might reflect and may see things from a different light, perhaps you don't want to?

    All of your experiences and views are welcome and just as valid as anyone else's here.
     
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  20. satanoperca

    satanoperca

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    I thank-you for your considered responds grasshopper, I hope you have learnt something from my post, as it is a reflection on one of your many pearls of wisdom, so the learn from something, it is important that the student believes that the teacher practices what they preach (hate the word preach).

    Cheers, hope everyone has a great long weekend, off to the beach to become one with nature, even if it is a short period of time
     
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