Australian (ASX) Stock Market Forum

Reply to thread

Well this thread has served its purpose. I am back to square 1, lets call it 1.1 as I know now one thing I wont be doing. Unless I get a really strong gut feel after a stock tanks. Jokes.


So here is my new thought process trying to encapsulate everything that has been discussed previously and I hope it generates the same amount of lets call it, robust enthusiastic debate.


I am going to try and develop my own system. I dont know if I what I am thinking is achievable but even if its not it will still achieve a few things, like programming, a better understanding of TA, money mangaement, how to back test and forward test etc etc.


I have done 2nd and 3rd maths and stats at uni as part of my uncompleted physics degree so it will be good to see what comes rushing back as I start to look at the maths behind some of the theory's. Its all so hazy at this stage I know we used monetcarlo for error/uncertainty analysis but could def not use it at the moment haha


Basic ideas at the moment.

It will use $5k bankroll

Must only require looking at the comp before and after work

No gut feel required

Must find if there is any specific info out there regarding tiny bankrolls and money management

Must find/if what market will allow such tiny positions

Education must be costs must be kept down (sorry tech as much as I would love to watch someone trade in real time, 1k is out of this budget. Unless some kind ASFer from Darwin wants to help out and let me watch ??)

Read books tech recommended

Must decide to jump in the deep end with amibroker or find something free

Decide if I try and come up with one system (Im only learning) or a number of systems to take advantage how the market is trading 


A lot of other things ran though my head at work but they escape me for the moment but this is the general gist.


I was also trying to think of a more specific idea as a place to start and thought of this. I have done no research as I have just got home but, I wonder if there are any lead or lag times or something between different stocks/futures/commodities/fx and the S&P 200 due to the way its weighted to different stocks???


Anyway just my thoughts again, and if I am completely off the mark again I look forward to hearing the comments? I expect there to be many revisions.


Keep the comments coming


Top