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If that also applies to property deals you'd have to delete a lot of this forum. But if you think its irrelevant that's your choice. Maybe you don't like talking about your trades, that's cool. Each to their own. :)

I'm with Joan on this one. Divide your $10k between 5-10 stocks and if any stock falls 5% -10% below your buy price (depending on your risk tolerance) , you sell. No questions, just sell. That way you risk only 1% of your $10k on any stock if you have 10 @$1k each. Try to buy each stock in a...

SEK jumped 3%+ yesterday in a crap day on the market. I sold out for $600 gain. (been in and out of SEK about 5 times i think) Market has been a bit dodgy lately due to uncertainty in the States. Dont let it stop you, just be aware of more risk. There are always good buys, even on bad days...

Not a good morning. Lot of red about. Although i was holding $20k worth of BKW (bought for $13.80 on 31/08/09 and i logged on this morning and saw it had jumped 18%!! A $4341 gain for me at $16.80. But it was falling from that peak. As i was preparing the sell order an email popped up and it...

I sold PMV yesterday afternoon for $8.21, DOH!! Made $900 but could have added to that this morning. No worries, i dont look in the rear vision mirror too much. Plus i'm trying to sell others today. On Comsec, before opening, some stocks have an expected opening price. But you can estimate...

I'll be in that. I can identify already a few shorting candidates already but i have to get my head around it a bit more.

If youre holding CSR as a trader its definitely time to get out. Its obvious from PB's last chart that the trend is finished and as the 7 day MA is about to cross the 35 day MA it's likely to head down. The crossover is the signal to sell (or buy in the reverse case as you can see at about...

Do you have a Comsec account? The basic description i gave previously should give you an idea of what they are about and you can use your Comsec account to play around with them. I find it easier ti understand things when i print them out and sit down to read them.

Have you read and understood this thread JC? Just ask more questions. There are many ways to trade and invest and this is just one of them. Albeit a simple but effective one that easily outperforms the index if the overall market is going well. And it has been. :) My next goal is to...

I was talking to a stock broker last night and he was asking about my system and he thought it was very good. It produces results, so it must be :rolleyes: Stock brokers are pretty average stock pickers in my experience. Besides Peter Lynch of course. Anyway, he was saying that most...

I try to not get too technical. I just meant that i ensure high volume to prevent gapping and illiquidity (is that a word?) which can be a pain in the butt with even the relatively low quantitities i deal in. I'm not so sure of high volume as a price rising pre indicator or price break out, but...

Chili, there is only one Warren Buffet, although everyone wants be Warren. I find FA a total pain. BTW: I had a $900 div payment from Mortgage Choice in my account today. MOC is one of my asset/bottom drawer type shares. Isn't that nice of them. None of my IP's have done that yet.:D...

That's a good point PB but you can filter for high volume as well to reduce /eliminate gapping. I go for the the Chaikin Money Flow.

Mate, if you can learn to trade and become consistently successful without losing squillions, then you're doing better than 99.9% of traders. Most don't last, let alone profit. As the rich say "never run out of money" because then you are out of the game. So be conservative, take your time...

10% is too much to aim for. The more you try to make the more risk you have. I'll try to explain something here. If you're trading with lets say positions of $50k per stock.A couple of % gain is adequate. Its low risk and should do you fine. Eg: 2% x $50k = $1000 on one stock in one week...

Full service brokers...BAH!!....why bother mate?

Shouldn't be embarrassed, its all part of a learning process. I lost A LOT of money on the stock market before i figured out how to make money consistently. Take a profit mate and move on to another one. Doesn't matter how small it is, just as long as its profit.

I buy high all the time. Nothing wrong with that, the idea is to sell higher.The idea of trying to pick the bottom and top is a huge fallacy. I sold out of MCC again today after its run, for about the 3rd or 4th time ( i lose count) for a couple of grand. :) Sold CPB for another couple. A...

My answer is the longer i sit in front of the computer the more i can make. Between 1 and 6 hours most days lately (gotta make hay...yada yada)... Sometimes none if i'm doing something else.. I can put in buy/sell orders and leave the computer but it might do better or it might not. I don't...

FML is going off. up 25% today! A bit speccy for my likes but if you got on today. Great. Somebody stop MCC. :) 5.17% up and rising. Would it be legal for me to sell a share trading product/system/seminars etc as i think i have a decent one. Its just the legalities i need to worry about. I...