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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. satanoperca

    satanoperca

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    "I'm not telling you what to think but how to think, a topic we are never taught." this is gold, and very few people even learn to practice it.

    Back to gettin ready for the beach, great afternoon in Melbourne
     
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  2. Skate

    Skate

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    willy1111, I'm recommending a book that will serve you well.

    The ONE Thing
    The Surprisingly Simple Truth Behind Extraordinary Results
    By: Gary Keller with Jay Papasan

    First thing you should be asking yourself, why is Skate recommending this book to me ?

    Skate.
     
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  3. Skate

    Skate

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    Impressed a perfectly metered response. Now I'm getting somewhere.

    My aim
    My aim is to educate & help others - I'm always working an angle (what is the angle?)

    I'm trying to affect readers behaviour
    If my posts affect your behaviour I'm a winner (that's my end game)
    What you find trivial could be the catalysis to engage another to think on a deeper level.

    Skate.
     
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  4. satanoperca

    satanoperca

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    You keep suffering from confirmational bias, I am yet to see or read/acknowledge that you can also learn from other posters, being humble and accepting that not everything you believe is correct, is the greatest attribute than any person can have.

    I hope you can understand this, as it has nothing to do with winning or loosing or end game.

    I wish you can also practice what you say and think on a deeper level, with understanding that most of the posts are just noise, just like the markets.

    I'll the master (controller - not one ever controls, it is just a perception) or believed master, who is never a master until he can understand and accept that his wisdom is not always correct and he can also learn from his student, until he truly understands this, he/she can never to able to impart true wisdom.
     
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  5. Skate

    Skate

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    satanoperca, you say "I am yet to see or read/acknowledge that you can also learn from other posters" I'm sorry that you feel that way its not my intention to give you that impression.

    To save you looking back, I attached a handful of posts for you to read, giving you a better understanding from where I'm coming from.

    I'll post the last in a series of posts so you don't have to read my post in full.

    Listen to everyone
    From my experience it pays to listen to everyone & than you decide if it’s relevant or helpful. You get to decide what to keep & what to discard & when you don’t listen you forgo the right to learn.

    Skate.


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    Dec 17, 2018 Post #15

    I’ve been asked…

    Why do you think you need to help others?
    So others experience an alternative point of view
    In general - people stop learning


    Why do you feel the need to force your views on other?
    I try very hard not to force my point of view onto others.
    Thinking is integral to being human.
    I never tell people what to think but encourage them how to think
    Thinking is so much a part of us that we usually don’t think much about thinking.
    If we pause for a moment and observe our thoughts, however, we begin to become aware of the activity of our mind.


    Why do I have a need to educate?
    Hopefully to help others
    Sometimes just to get somethings off my chest
    Sometimes I can't let things go till I put it down on paper or tell someone


    Why quote Gems all the time & why do you keep repeating them?
    Life gems are everywhere & repeating them is for reinforcement
    Hearing something once usually means nothing
    Repeating is conditioning


    I’ve been told..

    I don’t want to hear that sh!t.
    From my experience- It pays to listen to everyone & than you decide if it’s relevant or helpful.
    You get to decide what to keep & what to discard.
    When you don’t listen you forgo the right to learn.


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    Dec 19, 2018 Post 196

    Decisions

    Hi@tech/a

    When you have something to say, I'll be the first to shut & listen.

    I'll be the first to say - Tell me more..

    IMHO you wear the title of ELDER proudly & when an elder speaks we should all prick our ears.

    Thank you

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    Dec 23, 2018 Post #456

    Civility when expressing an opinion
    I've replied to @willy1111 explaining when members express an opinion it's not whether they are right or wrong or whether you’re right or wrong that's not what is important.

    What is important - is the words you use to express an alternative point of view or express an opinion from your experience.

    This thread gives you the ability to express your views without being ridiculed or challenged.

    Appreciation
    I appreciate every view expressed on ASF, I don't agree with some but others I take on board & feel wealthier for it.

    Acceptance
    We can all agree to disagree - we can all contest our ideas but to express those views in a manner that's unacceptable is not on.

    Belief
    Your belief system defines whether you agree or disagree with a members post but if you don’t listen you forgo the right to understand their point of view..

    A few members with conviction
    I've listed a few forum members I enjoy reading who prosecute their case forcefully with conviction and when they have something to say it pays to listen. Some posts I re-read to pickup the gems they causally scatter.

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    Jan 8, 2019 Post #689

    I was offered a business proposition many years ago. He had flown half way across Australia for the meeting (I refused his offer, but that's not the point of this post)

    Learning something new
    I always make a habit of learning something new from everyone I meet. This guy was mega wealthy & I asked him if he would tell me his life story. (I was genuinely very interested)

    We were now mates

    Three hours latter, now we are mates. He was from humble beginnings migrating to Australia after WW2.

    What was the takeaway from his story
    In the conversation he remarked " Australians don't appreciate their freedom"

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    Jan 8, 2019 Read post #686

    kahuna1, I have a photo in my office to remind me what the high cost of war looks like. (image included)

    61,720 lives lost in WW1
    39,429 lives lost in WW2
    520 lives lost in Vietnam

    These figures don't include the injured or who have died from those injuries.

    It's sobering to look at that photo every day.

    -------------------------------------------------------------------------------------------------------------------------------------

    Jan 16, 2019 Post #853

    Listen to everyone
    From my experience it pays to listen to everyone & than you decide if it’s relevant or helpful. You get to decide what to keep & what to discard & when you don’t listen you forgo the right to learn.

    -------------------------------------------------------------------------------------------------------------------------------------

    Skate.
     
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  6. Skate

    Skate

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    The Mistakes of Amateurs
    When a stock starts to fall rather than sell the stock and take a small loss, the trader buys more and more shares as the price falls, arguing that the average price that he or she paid was getting lower each time more shares were purchased.

    Dangerous practice
    Beginners tend to average down because they cannot accept that they are wrong. Professional traders would never consider such a dangerous practice, as they understand that the stock continues to fall for a reason, and that there is no guarantee that it will ever recover.

    Skate.
     
  7. Skate

    Skate

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    Stock price goes up & then it goes down
    There are so many different effects that can cause a stock's price to rise or fall sometimes quite dramatically, these include interests rates, economic data, commodity prices, exchange rates, the mood of the market participants, company news and rumours, dividend payments, the activities of futures and options traders, the activity of funds and the impact of government policies.

    Don't forget "Fake news", who really knows what causes the share price to fluctuates & does it really matter.

    Frustrating exercise
    It is almost impossible to try and identify, even if you are successful, your analysis will be "out of date" just after one day. For this reason technical analysts focus on the stock price itself, which is all that really counts, trying to second guess why a stock rises is a frustrating exercise that is of no value or use.

    Skate.
     
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  8. Skate

    Skate

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    Technical analysis
    Technical analysis uses price, volume, market sentiment and cycles to predict future price movements. It is not concerned with the financial position of a company. Technical analysis assumes that the chart reflects all known information that could affect the price of a company. As a consequence, there is no need for technical analysts to concern themselves with economic or political issues, or even with market fundamentals.

    Skate.
     
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  9. Skate

    Skate

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    Why reinvent the wheel
    When it comes to trading, reinventing the wheel can be very expensive both in terms of trading losses, & undue stress.

    High quality courses for free
    There are high quality courses, podcasts & YouTube videos conducted by experienced, reputable people, analysts and traders to save you time and money.

    Free educators
    The Internet has many free educators that you can use to further your education.

    Skate.
     
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  10. Skate

    Skate

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    Have a go
    If you are really determined to try your hand at trading, then do so. You will be a better trader for it, even if you decide at a later date that it is not something you wish to continue doing, just stop.

    Mechanical trading system
    By trading wisely with a mechanical trading system you can maximize your trading profits while strictly controlling your risk that will determine your portfolio performance.

    Skate.
     
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  11. Skate

    Skate

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    What holding us back from trading
    In one word, "uncertainty", we are uncertain about what might happen in the future induces fear.

    Then the what-if's start to manifest
    What if I'm not good enough ?
    What if I'm not good enough to handle the risks and reach success ?
    What if I'm good enough to sustain my success ?
    What if I lose all our money ?

    Personal issues
    Personal doubt is always associated with the fear & add this to other personal issues such as insecurity about money, personal negative feelings and emotions, what about the fears that's lurk in your subconscious, it's little wonder that fear is holding you back.

    Skate.
     
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  12. Skate

    Skate

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    What about our first trade
    It was my first trade when fear kicked in for me, it felt different to paper trading. It's the fear of doing something new & when your money is on the line, your emotions will go crazy.

    It gets better
    It's the fear of uncertainty mentioned earlier presenting itself in every trade well into the future, so you must become accustomed to it.

    Its a pity
    Many beginners succumb to the temptation to deny the fear rather than face it. (fear is a part of the game)

    Skate.
     
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  13. Skate

    Skate

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    Learn how to handle the pressure
    Unless the beginning trader learns to handle this type of fear he or she will ultimately give up, probably assigning blame to the market or something else to mask the inability to learn from the experience.

    Skate.
     
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  14. Skate

    Skate

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    In conclusion fear is part & parcel of trading.
    Fear need not be a barrier to success rather than see it as a red light, see it as an amber light waiting for the green light, you don't have to eliminate fear but understand fear is an inbuilt natural human response for you to be cautious, never lose sight of this fact.

    Fear & uncertainty
    Fear & uncertainty is always there but you can learn how to handle it with strategies that build your self-control & confidence. When you enable these strategies to reduce fear, you can concentrate on achieving what you desire from the business of trading. (success)

    Skate.
     
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  15. Skate

    Skate

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    Hi Scott, welcome to 'ASF' community

    Starting Can Be Easy
    Trading doesn’t have to be super complicated or time consuming. Also, you don’t have to be rich either. There are plenty of easy ways to get started without having a ton of money and without being the world’s foremost trading expert.

    Investment strategy rather than trading
    One way is to start investing in LICs or Index Funds that are available on the Australian Securities Exchange. It’s simple, quick and there are no minimum contribution requirements and "they trade like shares"

    AFI and Argo Investments
    There are many listed investment companies such as AFI and Argo Investments, both of which will give you access to high quality investments at a low cost. You can keep your investment strategy robust and straightforward by using index funds and the resources are out there to get started with a significant investment strategy, even without much money or knowledge.

    Investing in LIC’s is a ‘set and forget’ style of investing.
    Having money managers looking after your funds, will give you additional comfort knowing your funds are being looked after by professionals who have the means and ability to circumvent the markets side-way movements, a time when the market is neither going up or down. The professional money managers have more tricks up their sleeves to create returns than we have had dinners.

    There is even a free eBook for you as well.

    Found Here --> https://www.aussiestockforums.com/threads/dump-it-here.34425/page-114#post-1011544

    Enjoy our community, we have some of the smartest traders around that are willing to help you.

    Skate.
     
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  16. satanoperca

    satanoperca

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    You fail to inferstand or listen. You hear but dont not listen. Still just a grass hopper.
     
  17. Skate

    Skate

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    satanoperca, I'm now asking you respectfully to read the (4 points) listed below.

    I've posted them before, inadvertently you may have missed or overlooked the post.

    Please read item (2) & (3) in particular.

    Never react to a post but respond
    (Responding will give you time to think)

    1. Consider the context of what you are saying, put yourself in their shoes, try to understand their point of view.
    (2) Consider if your post adds value to the discussion.
    (3) When expressing an alternative view, start off by saying “In my opinion …” and try to focus on the issues rather than person.
    4. We are all wordsmiths to some degree & it's easy to incite an emotional, knee-jerk response, creating an emotional outburst.

    The comments your are making are not helpful for others reading this thread, please be respectful of that.

    Skate.
     
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  18. tinhat

    tinhat Pocket Calculator Operator

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    Maybe this whole thing should be about being a good person. After all, what should anyone expect to achieve from this disjointed nothing?
     
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  19. Darc Knight

    Darc Knight Investor not Trader

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    I usually look forward to your posts Satan, you've got a down to earth Australian nature about you.

    Just taking your post in isolation, without its context in a back and forth discussion: I always held the view that being Australian was about holding the term "mate" in high regard. A Mate is a person who you'd bleed for because as Australians we used to hold ourselves to a higher ideal, we wouldn't have a mate who was a "dodgey" person. We Australians were just that bit better people than those cut throat Yanks (as an example).
    When female Salespeople would call me Mate, I'd feel uncomfortable. "Are you willing to bleed for me?":D "Do you even know me?"

    Yesterday being Australia Day this topic was on my mind, sorry for the detour.

     
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  20. Darc Knight

    Darc Knight Investor not Trader

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    Why not, yesterday being Australia Day and all.

     
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