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Discussion in 'Beginner's Lounge' started by tugga, May 30, 2008.

  1. Pommiegranite

    Pommiegranite

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    To all newbies, I would also like to say to be very careful about following advice/research. I have noted that some post great research about an undervalued stock. However, those people will have already bought the stock before posting their research and will only be selling into strength. Infact you will probably be buying while they are selling.

    If you have any doubts about anyone, do a search on their name and see how many 'undervalued 'stocks they posted research on, and when they posted it. Only then can you note their successes and failures. Then ask yourself why they haven't posted on that stock since, even though the company's fundamentals haven't changed for the worse (and in some cases have improved).

    In my eyes, this is nothing short of a Ponzi scam.

    Trust nobody...even those who may appear genuine.

    Other than that, happy trading!

    Disclaimer: I refer to nobody in particular
     
  2. Eddyl

    Eddyl

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    I second Pommie here. You wouldn't want to be niave enough to put all your capital into one share, simply because someone else was silly enough to do this. Diversification is the key to all balanced portfolios.
     
  3. zolow

    zolow

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    I'm also very new to the game.

    I found Benjamin Grahams, "the Intelligent Investor" gave me a better understanding for investing in general.
     
  4. CFDstarter

    CFDstarter

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    Hello

    Im a newbie here. and i am interested in CFDs, is there another thread that i should be in??

    I was wanting some help in charting, and techniques. I need to develop a trading plan, but dont know where to start.

    I have been trying to read alot and watch alot of podcasts, books and mags of all sorts. But i still feel that im not ready for the big bad market yet.

    Please help:eek:
     
  5. jimmyjohn

    jimmyjohn

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    Newbie

    Hi, have just located this site. Have not started trading as yet. Still researching and learning. So confusing on where to start. Which book to read first? I only want to paper trade initially and then trade on a small scale. I do not want to pay an exorbitant price for a software program but I do need one for charting, back testing etc. I understand I should be looking for a 'toolbox' and not a 'black box' (ie something I can modify).
    Can someone please point me in the right direction.
    I have looked at Pro Trader. It would be preferable to use something that I can readily obtain assistance for and ideally attend a user group. I live in Queensland, on the Sunshine Coast (and yes it has been unusually cold this winter!!!, but coming from Canberra, I would not dare complain!).
    I did do a search on other threads but could not find something which actually educates me on where to start. I am keen to get going!!!!!!!:confused::confused:
     
  6. johenmo

    johenmo

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    Re: Newbie

    Books - search the threads via advanced search. Everyone has different opinions. A couple of the more popular seem to be "Adaptive Analysis" by Nick Radge, and "trade your way to financial freedom" by Van K Tharp. Am getting first book, have read the second. Books by Darryl Guppy are often mentioned.

    There is a thread under "adaptive Analysis" - this will show you level of interest.

    Have a look at the Shop here - the books are separated into different levels, and the prices appear competitive.

    If you can think of a question, it's probably been asked and a thread exists.
     
  7. jimmyjohn

    jimmyjohn

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    johenmo, many thanks. Since entering my query, I did locate some helpful info on this forum. Have ordered some books, including the ones you mentioned. So will take time to read up. jimmyjohn
     
  8. johenmo

    johenmo

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    jimmyjohn - not a problem. I am very new to this but have watched others from the sidelines for years make quite a few dollars. So I know it's within reach!

    Have just read "way of the turtle" which I found very interesting for psychological comments. It's more for trend following but is easy reading. I am going through "Trading on the Autralian Stockmarket - A Beginner's Guide" by Clifton Thornton. I'd recommend this for anyone who is contemplating trading.

    I'm not trading just learning the jargon and what it's all about. With the market as it is I think I have a bit of time on my side. Was planning on being an "investor" with a lean towards FA but my second foray wasn't as succesful as the first - BNB was one of them. Been a good learning curve. I expect to buy something like Amibroker or Tradesim once I develop strategies for diffferent conditions and then systems.
     
  9. dotocom

    dotocom

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    What do you think about the idea of trading a nominal amount/demo account from scratch and then playing around with it and try to develop your own style to see what works and what don't. Are those books you've recommended based on long-term holdings? are there any good books on intra-day?
     
  10. johenmo

    johenmo

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    I'm new and the concept of "investing" seemed appropriate for me. So I have bought some but they have dropped - I can now see that one was fine but too early, and the others. I now know more and won't buy anything until I have developed a proper strategy and sytem. So I plan to develop several, and then back test on limited stocks, and then buy something (leaning towards Amibroker) and paper trade forward. Each one will be a separate paper "account". I plan to follow it to the letter (with as little emotion as possible) to try to reduce any of my biases. Will also back test using different periods (up, down and sideways trends).

    1I tend to be more interested in trending and breakouts but will have to try several strategies adn learn a bit more TA. Also need to wrap my head around shorting!

    Having said that my 12 year old showed interest and selected HVN, CCL and JBH because he knew them. Since then they are up 17-20% region. No method. He chose his 2 months after I bought.

    Nothing on intra-day. The "Way of the Turtle" is a trend book - I read it because I'd heard of them. Van Tharp is the first to open my eyes to the psychology side. I have read a few by Kinsky and Hull - they are longer-term concepts. The Thornton book explains TA in my style. Have glanced thru a couple of others but they aren't easy reads.
     
  11. beamstas

    beamstas

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    Hello,
    After lurking for a while on these forums i have decided to sign up.

    I am new to trading, im a 19 y/o uni student with a small amount of starting capital ($2200), and im adding to that every couple of weeks. I'm not looking for high income right now, i know i won't get it off such a small starting point. I'm really looking to grow my money over time.

    What should i look for when trying to find a company that will have good growth over the next 5 - 10 years? I'm not looking for someone to say "BUY THIS", but just some advise would be very welcome.

    Im guilty of already putting most of my eggs into one basket.. ($1900 into one particular company).. but so far it has done quite ok. (Not sure if i should say what one here?)

    Anyway, what should i look for? What will indicate good growth in the long term. (Please don't suggest high risk mining companies, i don't wanna blow all my money straight away!)

    If you have any specific one that you think i should look at, please p.m it to me!
    Thanks :)
     
  12. Timmy

    Timmy white swans need love too

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    Welcome aboard! Yeah, unable to get specific advice here on what companies to buy etc., to provide such advice would require a licensed adviser, so such a thing is a no-no on a public forum like ASF.

    What you WILL find though, is heaps of info on how to go about the process of sifting through info and finding some good companies yourself, & it should be an enjoyable exercise, lots of great people here. Check out the beginners forum and the popular threads (usually indicates something is going on) on individual stocks. And ask questions!
     
  13. beamstas

    beamstas

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    Ahh, thought so. :)
    But any advice on what to look for in a company is very much welcomed.
    Thankyou timmy!
     
  14. Dowdy

    Dowdy

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    Wait til the market crashes, then buy precious metal stocks.

    If you dont believe it will crash, then get agriculture and alternative energy stocks. I reckon those will do great in the long run.

    Although dont take my advice as an expert. I'm only 23 and i do my research on youtube, watching clips of Peter Schiff, Max Keiser, Jim Rodgers, David Walker etc. You can look up those names on youtube yourself to see if you agree with them
     
  15. johenmo

    johenmo

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    Look at https://www.aussiestockforums.com/forums/showthread.php?t=12230 for "value". Being new, so far I've figured out it all depends on what your aim is - then you can work out your strategy n system(s), n then you can look for the stock(s) that suit. My newest/biggest learning is research who's running it - directors, top Mgt - I wouldn't have bought one stock if I'd done that!!

    With things as they are at the moment, the intent of most posts is that it's hard to do what you want. If it's based on (forward) earnings then that can change as commodities/market(s) etc change. So no easy answer.

    Read a few books - active investing by Alan Hull is one that has the "invest" long term approach. Gives one approach.
     
  16. edhouse

    edhouse

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    help getting started

    hi guys

    im 17 and an apprentice plumber.
    ive been looking into the stock market for a while now
    mainly just reading all that i can about how the market works.

    i am a patient person, but i think i would rather be engadging in trades that are intra-day or for no more than a few days.

    i have a small capital atm of about 1500, but its growing weekly.

    i have been reading alot about options and fx

    they seem fairly apealing for me as of the short trades.

    what would you guys recommend for me to do at this stage?

    also could someone please explain the leverage with forex and how it work with wins/losses?
    ie, 1:200

    also i have come across a number of companys that offer "pro trade calls"

    such as eminis global.

    what can you tell me about these companys?


    thanks
     
  17. edhouse

    edhouse

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    also, what about using asr for trade calls ect?
     
  18. johenmo

    johenmo

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  19. ROE

    ROE

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    market cap

    price multiply number of outstanding shares
     
  20. ROE

    ROE

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    Good stuff mate, you done well, hope you get another 2.5 Mil in the next bull run :)
     
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