quote:
And in shares the most important rule is to avoid having a long term portfolio because you have made a short term mistake

Amen[]

Hey Bribie,

Couldn’t stand you feeling lonely so have posted some waffle on one of the threads[]

Cheers

quote:
Ok my goal is to build a minimum of 1 million dollar’s in 25/30 years
Starting capital $10,000
I don’t really want to become a full time day trader type but i would spent say 4/5 hours a week trading

I guess I would like to do the same type of thing Steve talked about in his book
Using +cash flow property investing income to build a nice p…

[Read more]

quote:
“Why try and predict?”

Cos he asked for our opinions. I didnt hear anyone say “im long because I predict this or that”

http://www.posigear.8k.com

Crashy, my post was directly under yours and it looked like I was having a go at you particularly. In fact you used the word “expect”, which I like a whole lot more than predict. If we go long on…[Read more]

quote:
hi all

Waynel

Do you still punt on the horses professionally or semi professionally.

regards
alf

Alf,

No not anymore, it’s a tough living and having a soft spot for animals, I couldn’t stand the stuff that happens on a racecourse from time to time.

Then I was at Moonee Valley watching a hurdles race and a horse fell and died at the…[Read more]

Deano has touched on as good point with his book suggestion; and that is the psychology of trading.

The actual trading techniques are not hard and learnable by nearly everyone, but psychology is very important is where most people trip up.

I used to punt on the horses professionally and that is where I learned about psychology…and money…[Read more]

Why try and predict?

We’ve got predictions of Dow 4,000 and Dow 20,000…gosh, someone predicted Dow 40,000 and wrote a book about it.

I predict that the market WILL fluctuate…..hang on, didn’t someone else say that?

Better to have a strategy in place that will take advantage of any scenario.

That said, AussieRouges reasoning is very sound;…[Read more]

P.S. just don’t get sucked in to paying thousands of dollars for a course.

The fair dinkum ones are generally quite reasonable at a few hundred dollars….and as crashy suggested read lots of books.

In particular, read books and or do/ courses where the metaphore used suits you.

For instance the Guppy Series, though undeniably fantastic…[Read more]

quote:
Hi all

I wish to learn all I can about Share trading can anyone direct me towards a good book,Seminar,
or Url Where I can start my journey

Thank you

A lot depends on your goals, how much time you want to devote, your starting capital, your risk profile, and your personality/psychological profile; just to mention a few points.

Tell us…[Read more]

That must have been me they were talking about!!!

Nah! I don’t wear tops I wear shirts….and mother is still alive[]….I don’t even iron, hahahaha[]

‘Onya Chris

Keep it up m8…we’ll correct the balance of trade problems all by ourselves, eh!![]

Wayne

Crashy,

Does this Asset mob do Aussie share CFD’s? I can’t find any reference on the sight.

Cheers wayne

quote:
But the index is 1 %

DANGERMOUSE stuff!

The amount of leverage is largely irrelevant if you stick to your preset risk parameters.

People tend to feel obliged to crank up their risk just because an instrument is highly leveraged…..NO,NO,NO. Whether margin is 100%, 10%, 5%, 3% or 1% should not matter.

Stick to your money management…[Read more]

I WANT 5%!!!!!!!!!!!!!!!! (screams while stamping feet!)[]

This IG Markets mob charges .5% commission on the notional value of the CFD. [][][][][][][][][][][][][][][][][]

Pass

Have not investigated any alternative CFD platforms yet, but someone gave me this link.

http://www.igmarkets.com.au/

another on to check out

Wayne

Pin

http://users.bigpond.com/prominex/pegasus.htm

This chap trades longside trades only, no leverage at all.

Imagine what can be done with some leverage and decent money management.[][][][][]

The techniques are easy….the psycology is the hard part[]

Wayne

quote:
I know plenty of traders who make around 100% a year. The trouble is that the profits pay the bills, they dont compound over time. My impression is that these guys are playing with around $150k on average.

http://www.posigear.8k.com

Yep! same here. It seems traders like to live the high life….and neglect to leave some profit in the a/c for…[Read more]

“If anyone could consistently show 40% per annum over a number of years as a retail customer rather than a market maker or registered trader they would be able to command almost whatever salary took their fancy with most financial houses in the world.”

One factor most people don’t consider is account size:

Returns of 40% p/a…and well in excess…[Read more]

Forumites, sharetraders bicker a lot, this is how we learn off each other. Only the emotionanally immature take it personally ok!

Crashy,

“Or is it the duck that sits?”

Sorry that went over my head[?]

“I could swear I have educated you about using closing prices of options before on hotcopper.”

Two points about this statement:
1/ I don’t go…[Read more]