Forum Archive Index - September 2002

[Holden Glova <dsafari@paradise.net.nz>]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

I must have seriously said the wrong thing - Ooopps! *blushes*

I mean an end-of-day trader.

On Thu, 05 Sep 2002 15:50, nickk@quicksilver.net.nz wrote:
> Hi Holden
>
> So you want to be a day trader????????????????
>
> I want to retire at whatever age money allows me to (60?) and day
> trade.......at that age I will have had about 45 years stock market
> experience yet still won't know what I'm doing........i think starting off
> like that is suicidal.
>
> Cheers
>
> Nk
>
> tennyson@caverock.net.nz writes:
> > Hi Holden,
> >
> >>-- are there any major concerns people have with investing
> >>into US markets versus NZ or AU? From glancing over some stocks I
> >>have noticed that they tend to have larger high/low ranges for the
> >>day but that would be attributed to the increased activity in the
> >>market, wouldn't it? Which for a short term end of day trader this
> >>would be a more suited market to dabble with, no?
> >>
> >>Thanks in advance for correcting any false assumptions I may make :)
> >
> > You know that room in your house that you get to by going through
> > the front door?   The really big one with the blue ceiling with the
> > big yellow light that moves around at roof level?  Well if you start
> > day trading in the US, you may not have time to go in there for a
> > while....
> >
> > Perhaps you might want to read the trading section of the aus.invest
> > FAQ
> >
> > http://www.travismorien.com/FAQ/main.htm
> >
> > then select 'trading' from the top RH corner.
> >
> > Here is a short extract to whet your appetite:
> >
> > ----------------
> >
> > Trading has a surprising amount in common with combat.  To become a
> > veteran you must first survive your first week of battle, and
> > casualty statistics tend to show that green troops are far more
> > likely to die than veterans. You need to learn trading survival
> > before you will learn to profit by it.
> >
> > I am firmly convinced that most amateurs prefer technical analysis
> > because it is easy to use, especially compared with the detailed
> > analysis of company accounts and business economics needed to achieve
> > good results from fundamental analysis. It takes days or weeks of
> > hard work to decide based on a thorough fundamental analysis if a
> > stock is worth buying or not, but a chartist can buy based on a quick
> > glance at the trend.
> >
> > Of course professional traders are as far above the amateur
> > speculators as the professional investor is above the guy that buys a
> > stock just because he thinks the price/earnings ratio is attractive.
> > Professional hedge fund managers do not dabble in speculative penny
> > stocks drawing funny lines and boxes on a chart, they use advanced
> > knowledge of money management and risk management as well as
> > sophisticated quantitative techniques. It wasn't my intention to
> > produce a FAQ on advanced hedge fund trading techniques, but perhaps
> > to produce something that bridges that gap and gives you information
> > somewhere in between the chartist and the professional trader.
> >
> > I have based some of what I have written on talks with traders that I
> > know, and they say I'm on the right track. If any reader has material
> > to add to this FAQ, or constructive criticism, I'm all ears.
> >
> >
> > ------------------
> >
> >
> > SNOOPY
> >
> > ---------------------------------
> > Message sent by Snoopy
> > e-mail  tennyson@caverock.net.nz
> > on Pegasus Mail version 2.55
> > ----------------------------------
> > "Sometimes to see the wood from the trees,
> > you have to cut down all the trees."
> >
> >
> >
> > -------------------------------------------------------------------------
> >--- To remove yourself from this list, please use the form at
> > http://www.sharechat.co.nz/chat/forum/
>
> ---------------------------------------------------------------------------
>- To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/

- -- 
Signed,
Holden Glova
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.0.7 (GNU/Linux)

iD8DBQE9dtUD0X8w8X71zPcRAmQLAJ93bGFAJXW+h/UxgZ0HlxZc/8jfFgCfZ4Mu
JI+M291KelvTZJRc+nUDWyo=
=gxOd
-----END PGP SIGNATURE-----


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/