Any tips for personal trading??

Cookie182 · 13 Jul 2008, 3:07 PM

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Hey,

was just wondering what you'd reccomend specifically learning/reading if one was to start a portfolio- probably just shares to begin with. Im hoping to maybe getting into trading when i grad and i know that firms look favourably upon people with experience (i guess its extra curricular).

any specific areas of knowledge that are crucial- i was thinking of taking the lessons on ASX.com but i assume there is more to it.

Would you start with low risk bluechip stuff and how much will i need intially to make it worth while- currently have about 3 g's (would 5 be better???)

Vagabond · 13 Jul 2008, 3:15 PM

Well..you've got to decide what sort of trading you want to do...

E.g Long term, medium term, short term, intra-day..

The shorter the time period the more money you need to put in to make it worth your while.

Lots of stock will vary by a couple of % over the whole day. Amateur intra-day traders can make a fair bit of dough putting in 20-30k, trying to make a percent or two, selling out, etc.

Remember brokerage will be about $30 a pop so that's your main consideration assuming you only have a few thousand to throw in.

Arguably assuming the ground doesnt fall from beneath us throwing your money in bluechips, especially banks which are extremely cheap atm, should be a decent medium-term or long-term investment.

As for research I personally only know of a few basic techniques that i've picked up from friends around charting/channeling, MACD for extra piece of mind... Ultimately I go in brands that I believe in.

I have to admit though I think its a little silly for somebody to want to trade for experience for a trading job ... if you know nothing about trading why do you want to be a trader?

Black Hawker · 13 Jul 2008, 3:26 PM

I recommend playing the ASX sharemarket game (or any others if you can find). It will help you learn from your experiences without having to lose your money.

http://www.asx.com.au/resources/educ...ames/index.htm

Also, having a browse of share trading forums will help a lot.

I used these two to learn to trade since year 9, and have learnt quite a lot from it. Now I got one of my advice article published in the game newsletter.

Note, I haven't traded in real life yet. Will be hoping to do once I turn 18.

MasterPUA · 13 Jul 2008, 6:16 PM

Quote:

Originally Posted by Cookie182

Hey,

was just wondering what you'd reccomend specifically learning/reading if one was to start a portfolio- probably just shares to begin with. Im hoping to maybe getting into trading when i grad and i know that firms look favourably upon people with experience (i guess its extra curricular).

any specific areas of knowledge that are crucial- i was thinking of taking the lessons on ASX.com but i assume there is more to it.

Would you start with low risk bluechip stuff and how much will i need intially to make it worth while- currently have about 3 g's (would 5 be better???)

from the sounds of things you are best off investing in bonds and cash.

Affinity · 13 Jul 2008, 9:24 PM

Find some good stocks then buy and hold... you need some dough and dedicate your time if you want to try anything mor sophisticated

BoganBoy · 13 Jul 2008, 11:28 PM

right now there isnt any share game going on. asx one i think just finished.

if you want to experience trading then forex trading is not much different. You can register for a free account at FXCM with 50k virtual cash. The demo account is the same as the real thing but you dont use any real money. just search them up on google.

Black Hawker · 13 Jul 2008, 11:29 PM

Quote:

Originally Posted by BoganBoy

right now there isnt any share game going on. asx one i think just finished.

if you want to experience trading then forex trading is not much different. You can register for a free account at FXCM with 50k virtual cash. The demo account is the same as the real thing but you dont use any real money. just search them up on google.

Registration just opened for the 2nd game.

iamsickofyear12 · 13 Jul 2008, 11:34 PM

Put all your money in the smaller resource companies (i.e. not BHP).

ifsonotso_100 · 14 Jul 2008, 8:29 AM

Quote:

Originally Posted by Black Hawker

Registration just opened for the 2nd game.

which game- is this the asx one?

Black Hawker · 14 Jul 2008, 1:30 PM

Quote:

Originally Posted by ifsonotso_100

which game- is this the asx one?

Yeah, the ASX one.

MasterPUA · 14 Jul 2008, 7:30 PM

Quote:

Originally Posted by iamsickofyear12

Put all your money in the smaller resource companies (i.e. not BHP).

AGREE

13 Jul 2008, 3:07 PM	#1 (permalink)
Cookie182 Individui Superiore HSC: 2007 Gender: Male Location: Global Join Date: Nov 2005 Posts: 1,323 Last Activity: Today, 2:16 PM	Any tips for personal trading?? You can hide this advertisement by registering. Hey, was just wondering what you'd reccomend specifically learning/reading if one was to start a portfolio- probably just shares to begin with. Im hoping to maybe getting into trading when i grad and i know that firms look favourably upon people with experience (i guess its extra curricular). any specific areas of knowledge that are crucial- i was thinking of taking the lessons on ASX.com but i assume there is more to it. Would you start with low risk bluechip stuff and how much will i need intially to make it worth while- currently have about 3 g's (would 5 be better???) __________________ “Science can help us to get over this craven fear in which mankind has lived for so many generations. Science can teach us, and I think our own hearts can teach us, no longer to look around for imaginary supports, no longer to invent allies in the sky, but rather to look to our own efforts here below to make this world a better place to live in, instead of the sort of place that the churches in all these centuries have made it." Bertrand Russell- 'Why I Am Not A Christian'

13 Jul 2008, 3:15 PM	#2 (permalink)
Vagabond Stealin' ur filez HSC: 2006 Gender: Male Location: In ur office Join Date: Sep 2005 Posts: 470 Last Activity: 9 Mar 2010, 9:25 PM	Re: Any tips for personal trading?? Well..you've got to decide what sort of trading you want to do... E.g Long term, medium term, short term, intra-day.. The shorter the time period the more money you need to put in to make it worth your while. Lots of stock will vary by a couple of % over the whole day. Amateur intra-day traders can make a fair bit of dough putting in 20-30k, trying to make a percent or two, selling out, etc. Remember brokerage will be about $30 a pop so that's your main consideration assuming you only have a few thousand to throw in. Arguably assuming the ground doesnt fall from beneath us throwing your money in bluechips, especially banks which are extremely cheap atm, should be a decent medium-term or long-term investment. As for research I personally only know of a few basic techniques that i've picked up from friends around charting/channeling, MACD for extra piece of mind... Ultimately I go in brands that I believe in. I have to admit though I think its a little silly for somebody to want to trade for experience for a trading job ... if you know nothing about trading why do you want to be a trader? Last edited by Vagabond; 13 Jul 2008 at 3:19 PM.

13 Jul 2008, 3:26 PM	#3 (permalink)
Black Hawker Executive Member HSC: 2008 Gender: Male Location: In Your Mind Join Date: Jun 2006 Posts: 785 Last Activity: 3 Mar 2010, 11:44 PM	Re: Any tips for personal trading?? I recommend playing the ASX sharemarket game (or any others if you can find). It will help you learn from your experiences without having to lose your money. http://www.asx.com.au/resources/educ...ames/index.htm Also, having a browse of share trading forums will help a lot. I used these two to learn to trade since year 9, and have learnt quite a lot from it. Now I got one of my advice article published in the game newsletter. Note, I haven't traded in real life yet. Will be hoping to do once I turn 18. __________________ University of Technology, Sydney - 2009 Bachelor of Engineering/Bachelor of Business Penrith High School - 2008 English Advance, Maths Advanced, Maths Extension 1, Physics, Economics and Business Studies HSC textbooks for sale.

13 Jul 2008, 9:24 PM	#5 (permalink)
Affinity Loquacious One HSC: 2003 Gender: Undisclosed Location: Oslo Join Date: Jun 2003 Posts: 2,019 Last Activity: 10 Mar 2010, 11:08 AM	Re: Any tips for personal trading?? Find some good stocks then buy and hold... you need some dough and dedicate your time if you want to try anything mor sophisticated __________________ -Forgive me- "UAI is inversely proportional to distance from the teacher" -The Late Syd Adams

13 Jul 2008, 11:28 PM	#6 (permalink)
BoganBoy Member HSC: 2006 Gender: Male Join Date: Nov 2004 Posts: 116 Last Activity: 19 Dec 2009, 4:31 PM	Re: Any tips for personal trading?? right now there isnt any share game going on. asx one i think just finished. if you want to experience trading then forex trading is not much different. You can register for a free account at FXCM with 50k virtual cash. The demo account is the same as the real thing but you dont use any real money. just search them up on google.

13 Jul 2008, 11:34 PM	#8 (permalink)
iamsickofyear12 Demigod of Waffle HSC: 2004 Gender: Male Join Date: Jun 2004 Posts: 3,991 Last Activity: 5 Jul 2009, 1:08 PM	Re: Any tips for personal trading?? Put all your money in the smaller resource companies (i.e. not BHP). __________________ When tempted to fight fire with fire, remember that the fire department generally uses water.

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