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

  1. FIGJAM

    FIGJAM

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    I see, so you buy on the downward trend to help save on stock costs. Then when it moves closer to the average and peaks it is worth more. Giving a greater profit % (if you sell at those times).

    To understand that better I come back to needing to know how to read and set charts to suit.
     
  2. Gringotts Bank

    Gringotts Bank

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    This method would only be for the regular accumulation of small amounts of stock, then selling the whole lot 10+ years later. If you want to trade in and out, the stochastics won't make you profitable.

    Any charting software will have stochastic indicators, even the free ones your broker offers. It consists of two lines, K% and D%. When they both go below a value of (say) 50, wait for the K line to cross upwards over the D line.
    That's all there is to it. Buy at that point. Just an example. There would be more profitable ways of doing it.
     
  3. FIGJAM

    FIGJAM

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    Awesome, thanks for that mate, I will be looking into it in the very near future.
     
  4. timeless

    timeless

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    Hi Hangseng
    I do not sleep much but for a different reason.
    I would love to be where you are.
    Yours is a great article and something I was looking for: that is there is a chance of success in stock market for a determined individual who is prepared to learn and apply strict rules in business.
    I have determination and some skills that will be useful to achieve this goal but no experience in markets and trading.
    As you can see from my screen name I have not much time to achieve my goals. Starting from scratch after divorce and little supper balance I have no chance to age gracefully unless I do something.
    Thanks so much for encouragement and sharing your valuable resources and experience.
    Cheers
    :)
     
  5. mikepowers

    mikepowers

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  6. Benjaz

    Benjaz

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    I am currently a high school student and I have found an interest in the stock market and I was hoping any elite traders out there could give me some pointers in which direction I should start in. Help like which books or which websites I should use to get me started would be much appreciated.

    Thankyou,
    Benjaz
     
  7. Joe Blow

    Joe Blow Administrator Staff Member

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    Hi Benjaz, welcome to ASF! :)

    There are a lot of threads in the forums that cover these sorts of topics, mostly in Trading/Investing Resources and Beginner's Lounge. Here are a couple to start you off:

    https://www.aussiestockforums.com/forums/showthread.php?t=11507
    https://www.aussiestockforums.com/forums/showthread.php?t=14370

    The key to tracking down threads of interest is to use the search function and enter keywords such as "books" and "websites". There are more than 22,000 threads here at ASF, many of them filled with knowledge and useful information. Your job is to track them down and read them.

    Best of luck!
     
  8. Jonbra

    Jonbra

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    Hello, it is good you have started in the stock market, great going. Today I just wanted to say one thing ARDIDEN LTD a minerals exploration company is about to go through the roof! Their share code is ADV. I've done my research and it is going to rise. I have already made 100% ruse on investment. Be quick before its too late, you will regret you didn't buy Ardiden LTD.
     
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