Forum Archive Index - September 2002

["Mr Nua" <mr_nua@hotmail.com>]

No, its we who got the wrong end of the stick.

Your original post  says "end of day trader".

Still the same things hold as far as I am concerned. The lesser volatility
and locality of the AU market makes it far easier to complete analysis and
keep a watch on the shares especially for beginners. Believe me, when you
are starting out less volatility is better than more. There are also a
number of places that will offer fundamental filters which you can apply if
you which to use technical strategies on sound companies only.

Also if you want to trade the US at present, you had better get familiar
with the process of "shorting".   Unless you're investing in Military
stocks. :)

Nua






----- Original Message -----
From: "Holden Glova" <dsafari@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, September 05, 2002 3:52 PM
Subject: Re: [sharechat] Re: US markets vs. local markets (was: Filtering
sto


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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."
> >
> >
> >
>
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>
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- --
Signed,
Holden Glova
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