Newcomer!

[Penny4freedom]

Good day lads !

Glad i have found a platform to get ideas and infos about trading and what not ??? Lost quite a bit of money in trading (over 200K ) in 2-3 years ! Yess ! That’s a life’s savings and a lot of borrowed money. Invested and traded in asx without any ideas and knowledge and paid a huge price !! Lessons learnt ! Didn’t give up ! So invested again ! Just waiting for some good positive drill results for my current holding. Hopefully, a recovery on the cards soon ! Just fingers crossed. Good to be here, knowledge wise, just starting to get things know. Long long way to go

 

[Sean K]

Good day lads !

Glad i have found a platform to get ideas and infos about trading and what not ??? Lost quite a bit of money in trading (over 200K ) in 2-3 years ! Yess ! That’s a life’s savings and a lot of borrowed money. Invested and traded in asx without any ideas and knowledge and paid a huge price !! Lessons learnt ! Didn’t give up ! So invested again ! Just waiting for some good positive drill results for my current holding. Hopefully, a recovery on the cards soon ! Just fingers crossed. Good to be here, knowledge wise, just starting to get things know. Long long way to go

Welcome! Looking forward to seeing your posts in the stock threads with your ideas and thoughts on drill results. for nothing but positive ones!

 

[Value Collector]

Good day lads !

Glad i have found a platform to get ideas and infos about trading and what not ??? Lost quite a bit of money in trading (over 200K ) in 2-3 years ! Yess ! That’s a life’s savings and a lot of borrowed money. Invested and traded in asx without any ideas and knowledge and paid a huge price !! Lessons learnt ! Didn’t give up ! So invested again ! Just waiting for some good positive drill results for my current holding. Hopefully, a recovery on the cards soon ! Just fingers crossed. Good to be here, knowledge wise, just starting to get things know. Long long way to go

In my opinion if you want to trade, A good way to test your results is to put 50% of you money a straight market index like VAS and never sell it. Then use the other 50% in what ever trading system you design, over the years see if your trading is beating the market.

Every time you add money to your investments split it 50/50 between the two accounts.

If after 5 years you find you aren’t beating the market trading, just go 100% index.

 

[frugal.rock]

Awesome idea when markets are at all time highs...

 

[Penny4freedom]

In my opinion if you want to trade, A good way to test your results is to put 50% of you money a straight market index like VAS and never sell it. Then use the other 50% in what ever trading system you design, over the years see if your trading is beating the market.

Every time you add money to your investments split it 50/50 between the two accounts.

If after 5 years you find you aren’t beating the market trading, just go 100% index.

Will surely consider this ! Thanks mate

 

[Penny4freedom]

Welcome! Looking forward to seeing your posts in the stock threads with your ideas and thoughts on drill results. for nothing but positive ones!

Thanks for the encouragement mate

 

[divs4ever]

Awesome idea when markets are at all time highs...

View attachment 185380

but are we at the top of the market ?

i have been wrong about that for 11 years

every time i think it is crashing , somebody kicks the can a little bit further

sure it has to end ( drop ) eventually , but when is eventually .. far enough away to snatch up some nice profits/experience ... maybe ( or maybe not )

 

[Rosscoe62]

Penny4freedom …

My advice is not to take advice.

I agree with divs4ever, we still have a fair way to run in the current market.

There is nothing in the charting telling me to sell at present. My plan is to let the winners (I’m holding) run for as long as possible. Inevitably, the market will eventually hiccup and turn negatively.

This common saying is so true -

THE MARKETS TAKE THE STAIRS UP AND THE ELEVATOR DOWN​

We could possibly run hard into the mania phase very soon. Fund managers are now throwing their money into the market however there is still plenty of cash on the sidelines just biding time and waiting.

Penny4freedom, my recommendation is to work out what works for you. Everyone is different on the way they play the market. Whichever way you play it, a plan needs to be worked out and remember protection of capital is paramount.

Looking at the $200k+ loss you had, see that as a bad experience and learn from it. Stops/Trailing Stops play an extremely important role in protection of money.

Being a TA player myself, I find the charts are telling me the real story of what the current status is and what needs to be done.

 

[frugal.rock]

You might do ok onboarding the boat?

Storm at Sea

Ahoy Brave and Loyal Crew- China goes on a Well-Earned 5 day Holiday and the Wind falls out of our sails-- Batten down the hatches -- Wet weather gear is in order-- US Industry ETFs--------------------Tue 01 Oct 24, 8:34am (AEST) Name Value % Chg Commodities Lithium & Battery Tech...

www.aussiestockforums.com

by Captain Chazza a cantankerous old sea pirate

 

[farmerge]

You might do ok onboarding the boat?

Storm at Sea

Ahoy Brave and Loyal Crew- China goes on a Well-Earned 5 day Holiday and the Wind falls out of our sails-- Batten down the hatches -- Wet weather gear is in order-- US Industry ETFs--------------------Tue 01 Oct 24, 8:34am (AEST) Name Value % Chg Commodities Lithium & Battery Tech...

www.aussiestockforums.com

by Captain Chazza a cantankerous old sea pirate

On board and then at a whim thrown overboard.
Wondering how many souls are currently now surfing the waves.

 

[Dona Ferentes]

Penny4freedom​

Joined 4 October 2024
Last seen 5 October 2024

 

[farmerge]

Penny4freedom​

Joined 4 October 2024
Last seen 5 October 2024

Perhaps furiously surfing the waves!!!!!

 

[Assasin]

but are we at the top of the market ?

i have been wrong about that for 11 years

every time i think it is crashing , somebody kicks the can a little bit further

sure it has to end ( drop ) eventually , but when is eventually .. far enough away to snatch up some nice profits/experience ... maybe ( or maybe not )

Here's the weekly since Covid. Anyone want to bet against higher highs and higher lows? Upper trendline isn't valid but useful in making the point.

 

[divs4ever]

Here's the weekly since Covid. Anyone want to bet against higher highs and higher lows? Upper trendline isn't valid but useful in making the point.

View attachment 185828

-a point well made

now i was ( financially ) ready for that Covid drop , for all the wrong reasons

but i DID watch what was happening

will they do similar next time , or will it be simply too nasty to patch up and throw out lifelines

i suspect they will do 'magic ' until the US elections sure the US taxpayer will lose ( no matter who wins )

but i expect the tribalism over there to be very destabilizing

so will the market keep pumping , or will there be another huge distraction