/biz/ - Business & Finance

>>449730

How does someone get started

>>449730
Your view on the potentially upcoming market correlation? What might cause it?

>>449731
read, watch, learn, practise. Lots of good material online.

Would you perform surgery on yourself/family member with
a) No previous training
b) 20min on wikipedia
c) 1 day of dedicated googling
d) 2 years in med school
e) 5 years in med school + 2 years practise.

Trading stocks is the similar. Sure you can get lucky but any profit and loss is pure variance.

>>449730
What did you study in college, if you went? Did it help you (at least a tiny bit) in your trading?

How does a 20 year old who is fully versed in market and insurance terminology (working on accounting terminology) get his door into the business? Where should I start calling for internships/training jobs? I would gladly move if given a guaranteed position.

I'm in college and thinking of dropping out. Not because college is difficult, rather it's too fucking easy. I feel like I'm in high school, but having to PAY for it. I'm taking classes and 90%+ of the material we are taught and tested on I have known for years already.

>>449734
Commerce and Law.

Funny thing is I dropped law while working at a law firm.

Does it help? Short answer is no. (Aus) Tertiary education imo is very very basic and full of 50 year old theories taught by even older lecturers.
Though I have heard from friends that CompSci is actually quite advanced and relevant

However having a degree is a foot in door type of thing. You generally wont even get the interview if you have no degree.

>>449735
As per my above post, stay in and finish it. You're being judged as soon as they see your resume lacks 'college qualifications'. They wont care that you know your shit because they won't even read that far.

By business I'm assuming you mean trading/investing.
There are precious few Hedge funds out there that recruit fresh grads, and even fewer that want you to punt with their money.
A good pathway in is through the bulge bracket banks. Trading on the side is very good in building exp.

>>449735
I should have phrased my question better:

What industry tests can I take without a degree or sponsor that will make it possible for me to get an internship/trainee position in finance?

At this rate, I'm considering just learning hardcore math to take preliminary actuary courses and hopefully that will attract attention.

With the rise in program/ algo trading throughout the industry (especially broker/dealers), what do you see as the future for sales and trading roles in the next 5-10 years?

>>449745

> They wont care that you know your shit because they won't even read that far.

Even if I take and pass industry tests?

>>449749


Not OP, but more centralized control and more market manipulation, probably.

The market will probably also adjust faster, unless of course, said market manipulators use their ease of access to commonly used algorithms to create new algs that predict market swings caused by commonly used algs.

tl;dr
alg trading is only useful so long as you stay ahead of the game

baked in the cake, motherfucker

>>449732
I've been through a fair few corrections (started in 05) and I've come to conclude that its better to remain long and take it on the chin when it comes, rather than try to guess the high. Your risk management will take care of the down side, and your stock picks (and bull market) will take care of the upside.

A bit like letting your winners run and cutting your losers.

If you look for things that can cause the nxt market correction you start developing confirmation bias. China's property bubble, QE3 ending, euro buckling could all spell the next leg down.

>>449747
Pretty sure they all want a degree of some sort. No Degree = won't pass HR, resume goes into bin. Actuary would get you into an insurance role
>>449750
But think of it from HR's perspective: They'll compare you against someone with the same qualifications AND a degree.
>>449749
Recently there's been a return to 'high touch' trading as more and more PMs recognize that such value added services are worth the few extra basis points in commission.
Sales traders will still be around, they'll be the ones entering orders via the algos after a boozy lunch with clients.

>>449762
You don't think I'd get extra kudos for being self-taught and passing the exams with high marks?

Damn. I really fucking hate college.

> better to remain long and take it on the chin when it comes, rather than try to guess the high.

Why not use the money that you win in an economic bubble, pull out after a set goal, and reinvest in hard assets?

All bubbles burst.

>>449764
Sure if HR doesnt insta trash your resume. It would make for a great convo starter with the person interviewing you.
>>449768
Because you won't know when it comes. It could be another 6 months or 6 years before a serious correction. Meanwhile the opportunity cost of not owning stocks is MASSIVE as market leaders jump from strength to strength and even buy and hold investors make double digit returns.

Case in point, I had a friend who bought close to the absolute low in the GFC. He cashed out after about a 70% move to the upside.
Even started trying to short it on the way up. Eventually after giving a chunk of it back he just sat in cash and missed the next ~70% move to the upside, and he always had a reason about why the market was overpriced and heading towards new lows.

>>449772
But what did he do with the 70% gain he made? Did he step out and reinvest in something with higher gains? Did he put it into something that was inflation resistant?

I'm hesitant about long-run stock investment, because I am worried shitless about the CPI index. That's not even adding to the fact that CPI is obviously lying and they keep adjusting the stats to make it look better.

For example, current official US inflation is only like 1.6%, but the way prices are acting up there's no way that can be true.

I'm also skeptical af at the rising stock prices, despite huge drops in copper and oil (industry indicators). Do you think that this is a huge speculative wave? Do you you think there might be artificial capital injections by the government?

>>449757
This. Also, the widespread use of algo-trading will mean the market becomes a big self-fulfilling prophecy. Where's the fun in that?

>>449779
>But what did he do with the 70% gain he made? Did he step out and reinvest in something with higher gains? Did he put it into something that was inflation resistant?
He sat on cash and waited for the market to roll over. (which it didnt)

Why are you worried about the CPI? Its gonna be there whether you're invested or not.
Also,
'core cpi excludes food and energy'
top kek
Materials and Energy take about 14% of the S&P500. They're more relevant to a more resource based economy like Aus. QE3 is still alive and kicking!

>>449783
Don't really how algos will make a self-fulfilling prophecy, most algos now just try to hide size and reduce market impact.

Any suggestions for brokers?

>>449941
Interactive brokers are fantastic.
Access to the whole world.

Absolute bitch to set up though

I'm just starting out and trying to devour as much /lit/ as possible.

Are there any books/resources that are more aimed at the ASX?

>>450422
Aussie stock forums is pretty good. Theres lots of good threads there.

Also I recommend Nick Radge's thechartist.com.au Its a paid service but you can just sign up for the trial, then read ALL the content before your time runs out

looking at your pic, do you trade mostly forex (I see lots of currencies)?

how much money did you start with?

how do I read your pic, it says Daily Position Review, and the "Change" column shows $26k, do you make $26k per day?

>>450461
I don't trade fx, except to hedge. I do trade a lot of non-Au equities, so at the end of each month/year I bring those currencies back into AUD.

Net Liq is how much I would get if I sold everything = 2mil
Net PL is how much I made = 1.5m
qed. Started the year with 500k.

Also, i lost 26k that day - debit. Should have fucking taken the day off

Are you a trader or are you more of an investor?

Do you really care about PE, PB, or PRC ratios and things like that?

Or do you just know how to trade in and out on short term technicals? I suppose business fundamentals always weigh on your decision, but less so than for the buy and hold types.

Is daytrading as soulcrushing as I have heard from testimonials?

>>449730
What exactly do you do? What does the guy sitting closest to you do? Would like some insight

>>450558
Trader.
Don't really care too much about fundamentals, because in essence, its just a spin on a story. However I do understand them and keep an eye on them during earnings season. ie. Now.
My trading is mainly model based but I do rely a fair bit on technicals, mainly because technicals paint a clearer picture than fundamentals in the shorter time frames.

>>450566
Not if you're making moneyyyy.
I don't really get why people force themselves to daytrade when they can hold onto a few stocks and set in a stop. Less worry, less slippages.

How do you trade your currency, through which market

>>450595
I run an arbitrage equities book - AU, US, LN, CN

Guy next to me swing trades mid/small caps (very well)

>>450719
Currency - if hedging I do through my clearer/prime broker which is ABN Amro. If speculating, I go through interactive brokers.

>>450722
So your trading spot then

>>450724
Yep spot, both for hedging and spec

>>450729
Why not futures if your moving that much volume

>>450731
Ease of settlement.
I actually do very little fx. Just to hedge positions, and bring back P/L into Aus

>>450532
>Started the year with 500k.
>Net Liq is how much I would get if I sold everything = 2mil
so 300% return, is this real life?

>>449733
>read, watch, learn, practise. Lots of good material online.
so is this how you got started too? how did you get the 500k starting capital, did you work in a bank before?

>>450803
>so 300% return, is this real life?
Yep, unfortunately its non compoundable as its mostly arb. And I'm already at volume constraints.

>so is this how you got started too?
Not exactly. I won a trading com, the firm running it had a chat with me and saw that I had a track record as well and offered me a spot. Had a chance to work at one of the bulge bracket IBs but didnt take their offer.

>>450875
so what were your highest performing equities?

>>450722
also what variation of equity arbitrage do you do?

I would have assumed that price differentials between exchanges would be minimal due to arbitrage software

>>450889
Not too sure, I'd say my top 10 are all within 10% of each other.
>>450896
Yes, direct pure arbs are nearly non existant. US/CN bots are all over the place. However indirect dirty arbs is where I focus. eg. US/AU, AU/CN where there is no exchange timeframe overlap.

>>450875
hey anon, i really enjoy your thread! i'm a university maths student that has been trading stocks but i'm taking a trading break to refocus on futures. what books would you recommend about trading futures, like "options, futures and other derivatives", by hull?

>>449730
Is that 1.5m traded to make 26k, or am I reading that wrong? Couldn't you make 30k on two forex trades with 0.5% risk each?

Not being a dick, just wondering.

>>450383
>GTA V with ICE
Console babbys are going to shit themselves.

>>450933
>>450933
>Hull.
Good uni memories. The underlying stuff is important to know (but generally utterly useless).

If looking at futures, I would recommend you read up on scalping (super short time frame - seconds) and VSA (for longer time frames - minutes/hrs).

I'd also heavily recommend you practise a while on a simulator first. Ninjatrader is probably a good start. You can start building experience trading live on the sims, or even trading past days on the sim.

Experience > everything

Having said that a lot of firms that trade futs look for maths/programming people to develop/write bots that help them trade.

>>450999
thanx, i'll def look more into ninjatrader.

are there any finance books that you like/affected you a lot?

>>451006
Books not really. Nobody that makes good money in futs will write a book.
Plenty of good stuff online, mostly forums such as elitetrader.com.

>>451018
but what about books like Market Wizards, Reminiscences of a Stock Operator, Elliott Wave Principle and Common Stocks, Uncommon Profits? I'm not arguing, i really just wanna hear your opinion/become a successful trader.

>>451022
To clarify my initial statement:

No book will give you an EDGE.

Those books will give you some basics and insights, but they've been read and tested by many many market participants. Any edge in them is long gone.

For the broad knowledge side they're great. For the specific deep knowledge (trading futs in your case) side not so much

>>451022
your best tool is not reading, it's actual practice.

put your time in on whatever paper trading site appeals to you and whenever you are confident buy in

after about a year and a half I have made the transition and after this first month I am doing well. Up about 8pct

One thing I love about the market is that its a reason for me to actually wake up in the am

>>451040
>>451043
thanks guys!

I've been doing forex trading with a demo account for awhile now, with essentially nothing but gains.

Aside from panic when trading real money (I have decent emotion control anyhow), are there other significant changes I should know, moving between this and the real thing?

>>451779
What's your strat and stats fagget?

Win/loss percentage? Typical reward to risk ratio? Typical drawdown? If you've been using and MT4 demo account you should be able to pull all these stats outta your account via "detailed report".

What's kinda strat you use m8? Do you scalp/intraday/swing/position??? Do you use fundamentals?

>>451833
OK I'm going to come clean and admit I'm a massive exaggerating faggot. My "awhile" is 2 weeks, and my gain is fucking .16%

Feel free to ignore my retarded ass:
I was just doing that thing where you zoom to the week/month scale. If there's a trend on the candlesticks that's looking steady, zoom down to the smaller timescales, wait for a decent peak/nadir and slap down a trade in the direction of the trend. Went intraday if needed, closing at relatively small gains.

Are you still there OP?

I trade equities also. But im noob ad fuck.

Do you use SMA(20d)/EMA(13d) as a basis for going long and short?

Like if SMA(20d) crosses above EMA(13d) its a good LONG signal

And if EMA(13d) crosses above SMA(20d) it suggests a SHORT signal.

Would love to know your response to this because test bought positions today. (not NYSE/NASDAQ market btw)

>>451779

How long have you been using your demo account? Unless it's over a year, don't use real money yet. Some 90% or so lose money trading forex.

Can you shed light on the accounting/finance industry for grads? Looking at going back to uni next year to do accounting so I can try to get into analysis at deutsch bank or EY etc. but I hear mostly negative things at the moment about getting employment.
I just don't want to waste more of my life on another worthless degree.

>>451942
I also see you mentioned a trading comp. further info would be good, might be worthwhile looking at.

Surprised its still alive lol

>>451892
Moving averages are by definition, always lagging price action. You'd rather look at a stock and say
'well this is breaking out after a long consolidation of low volume and tight ranges. Its making higher highs and higher lows which shows buyer demand.'
Rather than
'ohhh squiggly line X crossed squiggly line Y, time to buy!'

One is causation, one is simply correlation.

Moving averages are like a shortcut to reading price action. While it helps in a pinch, you're better off learning the real deal.

You can use your moving averages in this simple free simulator:

http://chartgame.com

pic related: I actually got pretty lucky.

>>451942
I'm not overly familiar with accounting, but its generally very high turnover. You go into the big firms, get exp/CA/CPA qualified, then use that as a passport to go elsewhere.
imo accounting = more stability, less potential.

Any sort of trading comps (as long as its not too sleazy) is good. Its essentially a crapshoot/lucky dip. Goes great on a resume to show initiative and GENUINE INTEREST, even if you bomb it.

>>451875
You fucking fagget I thought we could've had a nice convo about strats and whatnot.

>>mfw SLW going back up again

Whats your opinion on forex trading. Need to hear actual opinion from a trader instead of butthurt losers vs. Shils.

>>451958
how long did it take for you to git gud? did you trade with fake money until then?

Recommended reading?

Specifically looking for something like a textbook for technical analysis but I'm open

>>452170
Why not just practice with paper trading and ask as you go?

Also Whats with the spread on San Leon energy? Like a 20% difference.

>>452173
Nevermind. Just got a 50% jump in price haha

>>452173
Not all of we married with an ugly woman whos father is rich

Thanks OP fuck this website chart gane is so good. 20% in 127 trading days

Good or nub?

>>452170
stop looking for reading, most "reading" on trading & investing is useless. textbooks have been read to death and introduce some basic theory, which is useful only insofar as it allows you to recognize how the real world diverges from the theory in practice.

>>451958
I plan to study accounting because of the subjects it covers, but as I said my target isn't to be an accountant in the common sense of the word.

Which banks run the comps?

I think GMO is kill. I guess I'll just go back to using that spare 1000 in 3x leveraged gold mining ETFs for fun.

>>452155
>FX
Its pretty hard to trade FX for several reasons:
1) The massive liquidity and near 0 comm means you are actually competing against the whales of the financial world.
Normally the retail trader has a single insurmountable advantage: The ability to get in/out of stocks with no market impact due to their small size. When a big player tries to do anything there WILL be market impact. This is practically non-existant in FX.
2) FX is a zero sum game so your winning will have to come from somewhere. Will it be from Deutsche Bank? Goldmans? AQR cap?
3) FA analysis is a nightmare. You're not analyzing a stock with simple income/cashflow... you're analyzing TWO entire fucking countries (FX PAIR).
4) TA analysis is easier but if trading technically there's the issue of spikes. FX is very well know for spiky behaviour due to its reactionary nature to news. German unemployment figures above est? Spike. Fed minutes has 1 word out of place? Spike. Siberian snow mine production down on the quarter? Spike. An iranian newspaper mentions the word nuclear 2 st devs more than average? Spike.
5) Most brokers are fine but Im sure you've heard of the MAKE 20000% TRADING FX! And other issues like MT4 platform + conflict of interest issues.

On the bright side if you do well in FX, you can scale up almost infinitely. That is a huge plus which can outweigh nearly everything else.

>>452162
back in the day there was no ninjatrader or even chartgame. Went balls deeps (and lost everything)
Lucky I was young and poor so no harm done.
As for getting good, i'd say its the same as any professional field. 2-3 years to stabilize. 4yrs+ to get 'good'. It has to be constant practise and learning. eg you won't trust someone to operate on you if they've only watched medical dramas for 2 years.

>>452170
Looooots of websites out there. If it asks for money stay away. I do recommend anything on Volume spread analysis (VSA).

>>452283
Its good fun. Keep in mind in the real world you can't really just press 'time lapse' and hope for the best.

>>452662
Yep and if you happen to catch the beginning of a secular trend in FX, you can make insane amounts of money.

Considering the current state of global macroeconomics with every central bank being levered to hell, I believe we're going to see massive cross border capital flows during the next decade

OP can you give us some technique on how to win on ChartGame?

Like I know you have to read lots of books and get tons of experience, but I'm pretty sure in chart game, there are no fundamentals involved because of the lack of stock name

Only technicals involved. Can you give us some tips on what to look for?

>>452662
>4) TA analysis is easier but if trading technically there's the issue of spikes. FX is very well know for spiky behaviour due to its reactionary nature to news. German unemployment figures above est? Spike. Fed minutes has 1 word out of place? Spike. Siberian snow mine production down on the quarter? Spike. An iranian newspaper mentions the word nuclear 2 st devs more than average? Spike.

To be fair this is only an issue if you are scalping or intraday trading. Swing or position trading is not affected at all by these spikes.

I trade technicals only and almost completely ignore the news and fundamentals. Only swing and position trades. I am profitable. Any impact of news/fundamentals are reflected in the price on the chart. I don't need to burden myself with trawling through a gazillion news feeds and other silly nonsense.

>>449733
>read, watch, learn, practise. Lots of good material online.
agreed,

>Would you perform surgery on yourself/family member with
>a) No previous training
>b) 20min on wikipedia
>c) 1 day of dedicated googling
>d) 2 years in med school
>e) 5 years in med school + 2 years practise.

>Trading stocks is the similar. Sure you can get lucky but any profit and loss is pure variance.

I disagree to an extent with your analogy to performing surgery.

In previous threads i have used a music/guitar analogy.

Yes, it is important to learn and knowledge is valuable, but you don't need "5 years in med school" with only two years "practice".

You can read all the books in the world and study all the markets and play all the "share market" games, but you will learn much much more by "putting your money where your mouth is".

Just like guitar. I can throw years of theory at you, but until you actually pick up a guitar? You won't be able to play.

It's the same thing.

pic related is my est. net worth.

>>453112
Ok that guitar one sounds way better. Its not as onerous as surgery if you get something wrong.

Agree with the practise > theory part too. I wasn't trying to say you need to paper trade for 5 years, paper trading might be easy but once you have your skin in the game its srs business.

>pic related is my est. net worth.
What broker/bank/whatever is that from?
And how did you accumulate it?
Also, DO YOU WANT TO LEARN THE SECRET TO PROFITABLE TRADING FOR ONLY $5999.95? HURRY SEATS ARE LIMITED!

>>452955
I read price action through a combination of VSA, simple support/resist, and intuition (i know that sounds bullshit, but when you've seen thousands of charts, you'll pick a few things up)
What I learned from chartgame
- Buy and hold can be REALLY hard to beat on strong runner
- You dont have to trade if the chart is unclear. This is just a game with game limitations but it kinda forces you to trade.
- Big losses dont just pop out. They come from small losses.

>>453146
i'm 34, i'm a full time "investor/day trader" for myself.

Have been for.... ohh getting on 7 years now.

Not university educated at all, when i was that age i was a drug addict. Still kind of am.

The picture is just from a little program i don't use much "reckon"... it used to be called something else, and still is overseas.... fuck, i can't think of the name of it right now.

I learned from my parents, especially my mother. She was very savvy in the share markets. Years ago my parents gave me some capital to get started, but i basically made all my money during 2008. The global "financial crisis". Of course when it happened i went to my mother (my father had long since died) and fired off a bunch of questions/worry etc.

My mum calmed me and said "This happens, this is what you do... wait.... wait... wait... now, BUY"

So i did.

My mother died in April and we are still sorting out her will between my sister and i, everything is split 50/50, but Lawyers, accountants, etc.... i'll estimate i'll be worth around $8.5mil afterwards. Perhaps more with the market at a high.

So yeah, i was lucky to buy so much that was undervalued at the time and have made so much (mostly on paper) in the years that have gone by.

I also lived in Sao Paulo, Brazil for almost 6 years, i was married to a Brazilian psychiatrist (going through a divorce right now) and i did invest money in Brazil (mainly for visa reasons, if you invest $150,000USD in Brazil, you basically have a visa to stay as long as you want). That is long gone and i have sold my Brazilian investments towards the end of last year. Again i made a lot from doing that as Brazil is an "up and coming economy" and thanks to the World Cup and Olympics in 2016, interest has turned to there.


So you could almost say i'm the opposite to you. I would say i'm more "punk rock" to your "classical" (no offence intended) But i'm the first to say i was born with a silver spoon in my mouth.

>>453162

cont.

My advice to new investors is to read as much as they can and invest (assuming no debts - i strongly believe you should never borrow money unless it is for a mortgage and even then... these days? who knows) in companies that "aren't going anywhere" ie - Woolworths. I always like to use WOW (woolworths) as an example. It's a company that pays a decent dividend, it isn't going anywhere over night, they have their fingers in a few pies and the most important thing, YOU KNOW WHAT WOOLWORTHS DO. You know they have supermarkets, petrol stations, liquor stores, insurance etc... they have their fingers in a lot of pies.

I always recommend starting out small. Especially to younger people on here. Start out with what you can afford to lose (much like going to a casino or gambling... just go with "what you can afford to lose") and to go for the big companies that you know and understand. Say $2,000-$5,000. Start with that, buy the big companies that aren't going anywhere, buy the banks (which are backed by the government). Then watch... find out WHY your shit went up or down and go from there.

>>453163
>>453162
Oh and as i have always said on here... I'm not a financial advisor. I'm not a "Guru" or anything and i will never TELL you what to buy i will only make recommendations and comment on what i am buying (which is pretty much nothing at the moment, i also rarely sell, but i have the cash to sustain that.)

Lately i've just been doing small buys/sells for the "fun" of it. Just to keep myself busy, as i think it's a bad time to buy. But there are companies here and there that can make you some capital.

>>453146
Oh, one more thing...

>Also, DO YOU WANT TO LEARN THE SECRET TO PROFITABLE TRADING FOR ONLY $5999.95? HURRY SEATS ARE LIMITED!

Cocaine and hookers.

(the guys who remember me for /aus-biz/ will get that).

>>453163
I have 3473 USD in stock thanks to me grand mother.

Today I plan to sell it all and buy a computer for 1/3 of it but get new stocks with the rest.

So recommend me companies that in the long term "always" go up or always get back up.

Currently have like 7 different companies, but it seems profit would be higher with more money in like 2 companies vs 7


AND I'm a total noob served with a tiny silverspoon.

>>453213
Are you an Aussie? You said you have USD

>>453215
No I'm swedish I just converted SEK to USD.

>>452562
Yeah, thankfully San Leon making up for it. AMD spinning it's wheels. Gold took a dive today. I noticed CHF and Euro are now worth less than when I bought them 3 weeks ago. Good sign for the dollar.

>>453217
Then i can't exactly help you. I would advise you to take that money into your own Swedish bank account and invest in Sweden's share market, not Australias or the US (not with that amount as a foreigner) .

I really have no idea about your market. Sorry, listen to tips here, but don't invest that amount in foreign markets, you'll most likely just get screwed on tax.

>>453236
Sometimes they have a local ticker for foreign companies. Like when I buy San Leon (UK company) it's a different ticker in the US than in UK.

>>453245
I really don't know much about Europe and what not. I have some money in the NYSE, but i've never touched anything in the EU.

>>453417
Wouldnt blame you, EU seems terribly unstable nowadays.

I don't understand why to the guy you were talking to didn't just sell 1/3 to buy his new computer and then just let the rest sit.

What do you think of BRK-B?

>>453935
Bump to get this question answered.

>>453162

This is it folks. If you want to get rich, get born into the right parents. I'm about to go and crawl back inside my mother's vagina so I can hopefully be born to a mother who has an investment portfolio for me to inherit.

Great post bro

>>453998
I haven't received the inheritance yet which includes her portfolio. Yes my parents were wealthy and I was given starting capital (which I paid back).

Didn't seem like you read my post very well.

>>449730
H-hey... how does one stop shit posting on 4chan and starts learning to invest in s-stocks?

I got $500 to burn and need to make some more money as late, any suggestions besides whoring myself out on /b/?

>>454158
Do you have a brokerage account?

>>454161
Not right now because I feel it would be too hasty to start investing, I figure I a lot to learn from the ever complex stock market.

What broker firm do you suggest?

If I want to buy only a few shares of a common stock, say 200$ in total, where should i buy it to get the least fees?

>>454229
Cheapest would generally be $19.95

>>454166
>>454229
Oh and I personally use westpac to trade but I have heard that commsec is very good.

>>454229
with interactive brokers I pay about $1 per trade

>>453163
This is good advice.

Little bump for aus-biz

How did we all do this week? Any plans for next week?

>>454229
Wait for NAB or equivalent to have a free trades offer and trade there.

And for those wanting a book to read for some strats for the aus market - Unholy Grails by Nick Radge is a good start. You can find it on the usual places.

>>452315

Good advice, but not all textbooks are bad. The popular ones are a dead-end though since any edge is gone. And I swear if anyone posts another Buffet or Boglehead book imma rage - you don't think the smart money knows what retail base their trades on and offload their positions to you (since you need a buyer for your 100K share position and the smart money won't buy so you need retail to do it).

>>452283
Good, but it doesn't account for liquidity, slippage or emotions when trading real money. Good place to start though.

>>452170
Van Tharp is good, Alex. Elder is OK, you want to study more on price action, volume spread and mindset though.

>>453165
Nice, since you have the cash you could just write OTM options and get some income that way, small positions obviously since you just doing for shits and giggles.

>>454166
Start investing anyways, start with paper if all else. Everyday you waste is a day gone - you have to learn before the crash, not after.

>>455090
Did pretty well with San Leon energy. One was up 50% and the other 25%

AMD doing what AMD does.

GMO is ded

Bump for Monday trading.

>>455498
>AMD doing what AMD does.
bought at 3.91
sold at 4.27
ez.

ill be patiently waiting for the next drop and do it again.

Come on, break it!

Forex strategies using indicators anyone?
Performed pretty good so far using MA crossings+ADX

>>449730
What do you think of the ATX (austrian traded index) and BRK-B? Should be pretty safe in the next few months/years, right?

>>449730
Thoughts on this vid:
https://www.youtube.com/watch?v=p0JInOpEVfw

OP, would you be interested in a virtual assistant? I have read a ton, but never got into trading specifically, because I was afraid to lose it all via some dumb moves. I'd like to learn from a pro if that would be possible. I have plenty of skills that you might find useful.

Why didn't I buy AAPL? It was somehow foreseeable that it would break the $100 barrier after the split.
Any other stocks that could pass a mental barrier (i've seen that MCD is almost at 100)?

>>457445
> It was somehow foreseeable that it would break the $100 barrier after the split.
If it was foreseeable, was it not counted in the price already?

>>457449
Does this mean we're going to 200?

>>457196
Fuck yes!
I think I'll do a g of coke at once and buy two whores now to have a nice day.

>>457094
Next ER? Seems to be up in premarket

>>457481
Have you noticed that it never holds its intraday high till the close?

>>457483
Yup. But AMD can sputter around for awhile. Bought in so damn long ago. Are you day trading it?

>>457509
Nope. 'New Investor' here. Just trying to keep the thread going

I like this game

>>457531
SNSS is my only main up today

>>452662

Thank you for the toughtful answer.

I heard there is a predominance of sketchy brokers on the market who tend to fuck you over. How does that work? Also, do you have any platform recomendations?

captcha: should ssuitt

>>457587
me too

>>457688
Looks legit

>>457587
How do you play if you cant play during the live market?

>>457891
Place some limit orders i guess

Would putting part of my 401k in an REIT be a poor move? I need to diversify either way (90% of my investments are with a single company), but I don't know much about property investments.

>>458078
>real estate

I sold my 20k ACTC shares yesterday before the close at ~0,79 (bought at 0,6).

Profit was ~288€ after commisions, 25% capital gain tax, and $ > € conversion.

Is the other guy with ACTC shares still around? Are you still holding?

>>458538
I meant 0.079 and 0.06, and the 288€ profit is with the capital gains, my bad

>>458538
Got past .08$ I see. How's it doing this morning?

>>458538
Different guy, but I am still holding my shares of ACTC

>>458841
Not good, so far.

>>458857
When did you buy? Did you buy because of /biz/?

Could you explain your research/analysis process of a stock from start to finish?
Thanks, I would greatly appreciate it.

Also, any books that have been especially influential for you in relation to trading?

>>458910
Ben Graham, "The Intelligent Investor"

investing in penny stocks? is that something intelligent to invest in as a first timer.

>>458937
Have you ever heard stuff like: "OMG, he's so clever, he invested in penny stocks?"

No?

Then don't do it.

>>458941
Penny stocks is great if you want to drop and leave like 5 bucks for something you think will become big. Overall there's a reason why the stocks are worth only pennys.

No volume at AMD but a nice move up around 2 p.m. Only 8 million shares traded today.

ACTC going down, hopefully to 5-6 cent, so I can buy again.

What are you guys watching?

>>459149
>SNSS
Making me the most money

>AMD
Stuttering around, but well enough up

>SLGYF, SLGYY (San Leon Energy)
Doing fairly well. Someone tried to manipulate SLGYF by selling 2000 shares @ .03 when the ask is at .045 (underbidding by 50%) but popped right back up. Waiting for news about their Morocco rig.