Australian (ASX) Stock Market Forum

Top 3 Tips for Newbie Traders - Finding and Researching Potential Stocks

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Apr 13, 2013
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Wanted - Experienced traders confident to provide coaching to newbie traders like me.

Well I say I am a newbie "trader" actually I have never had the mind to actually sell anything that I have bought and "take the profits" or maybe more importantly "cut my losses". If I had I would probably be up about now :cry: To I am not sure I could even call myself an Newbie trader if I have never completed the trade i.e. buy then sell :banghead:

After reading book after book, article after article and spending time trying avoid the lure of buying trading system scams and forums offering stock tips I am still stuck. I have picked a few stocks in the past based on the industry that's mortgage Technology so I now how to buy stocks but my problem is I have no idea how to find a stocks and even worse how to research promising stocks to identify how promising and therefore allow me to calculate the risk.

So my questions to you knowledgeable experts.

Q1: What are your top 3 tips and techniques for finding potential Stocks?


Q2: What are your top 3 tips and techniques for researching stocks you have find to decide how promising?


Q3: What are your top 3 things you do once you have found a promising stock?


Q4: What are your top 3 tips for tools needed for managing trades, spreadsheets, journals, etc and if so what do you use?


If you feel that tip 4 & 5 exists then please share......

I hope that this time next year I can catch up with the old me and provide my own top 3 tips from a winning position.

All tips will be treated like a gift and used wisely :)
 
Joined
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Re: Top 3 Tips for the Newbie Traders - Finding and Researching Potential Stocks

Q1: What are your top 3 tips and techniques for finding potential Stocks?
Q2: What are your top 3 tips and techniques for researching stocks you have find to decide how promising?
Q3: What are your top 3 things you do once you have found a promising stock?

Hi bbqwisdom,
Welcome to ASF


I like your style.
Are you looking for bbq tips?

Always add some pineapple to your bbq.
It helps to keep the hotplate clean.
Tomato is nearly as good.

Seriously, find a narrative, someting that interests you!

I like the China story, I don't believe it's over just yet.
They will need copper, iron & "moly be damned".
eg. copper prices are at a two year low.

cu.png


Google stuff, ...
and keep your narrative in mind as you watch the news!
Read some reports on ASX:
http://www.asx.com.au/asx/statistics/todayAnns.do


Top 3 stocks:
Vegetable, chicken and beef.
If you have thyme for cooking, make your own stock!
 
Joined
Apr 13, 2013
Posts
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Re: Top 3 Tips for the Newbie Traders - Finding and Researching Potential Stocks

Hi bbqwisdom,
Welcome to ASF


I like your style.
Are you looking for bbq tips?

Always add some pineapple to your bbq.
It helps to keep the hotplate clean.
Tomato is nearly as good.

Seriously, find a narrative, someting that interests you!

I like the China story, I don't believe it's over just yet.
They will need copper, iron & "moly be damned".
eg. copper prices are at a two year low.

View attachment 51857


Google stuff, ...
and keep your narrative in mind as you watch the news!
Read some reports on ASX:
http://www.asx.com.au/asx/statistics/todayAnns.do


Top 3 stocks:
Vegetable, chicken and beef.
If you have thyme for cooking, make your own stock!

Thanks for the tips, hopefully as a result my profits come more frequently than my favoured steak.....rare :) sorry could not resist but with the good tips around the BBQ I can wow friends and family and hopefully with the profits coming from the tips we can finally switch the BBQ on and cook something.

Keep the tips coming I am a sponge ready to absorb the wealth of knowledge and experience
 
Joined
Mar 10, 2016
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Lol @burglar, that's certainly a way to look at things! BBQ Tips are always welcome! @bbqwisdom, I personally play a little bit more cautiously on the stock market and go for blue chips rather than banking on fast gains. In general, I would suggest that you keep one eye on the economy and find out as much as you can about the company before you're going to put your money in!
 
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