Forum Archive Index - September 2002

[nickk@quicksilver.net.nz]

Yes Nua Yes...........I like it.......some military stocks have had a good 
run for a while now.....i still like gold & silver 

nk 

Mr Nua writes: 

> 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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> - --
> Signed,
> Holden Glova
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