禁漫天堂

What would you like to know? I聽 can tell you I dislike having to wait until 9:30 PM to start trading.

Do you make a living from trading ?

Hi, I trade on line in the Australian Stock Market.

Wadey

Do you make a living from it?

What market are in trading in.
I found it hard to be awake for the NYSE market close.
Not anymore!

All my favorite issues are on the NASDAQ. I have 15 years' experience with them and not about to change.

My trading is for long term only. Although today we had very good gains in the Banking sector. A thing with聽 shares is you have to study the market all the time and the most important things聽 to remember,
Are you a Trader, Speculator or Gambler?
With blue chip shares quite often the dividends will outweigh any losses over the years.
I would get professional聽 financial advice on how to go about investing and talk to people that have money invested in the market.
聽 The best advice I have had given to me was 鈥淚f your not happy with 10% then you are greedy鈥�
Its all about knowing when to buy and when to sell.
I would say good luck, but more 鈥淭hink smart鈥�
Wadey

ONLY INVEST WHAT YOU CAN AFFORD TO LOOSE.

Good advice, I鈥檓 doing my research on Etoro just keeping a eye on things at the moment, not doing anything with money.
I will try a practice account at some stage and see how I get on with using a strategy that I would use if I was trading for real,聽 that way I would know what I was getting wrong.

I am also interested in an online trading platform.

However, I don't want to deal with foreign tax law and don't want to travel to another country to open an account.

In my home country I already have a portfolio with my bank. Once the stock markets have corrected to at least 50% of their highs, I will invest half my remaining assets there.

But in addition, I would like to start trading at a maximum of 10k in a few months.

But I don't know if you can open an account online with a "WebIdent" service only.

Maybe you can share your experiences with the eToro practice account.

Maybe there is also a good platform in Vietnam where you can trade international shares.

You don't have to learn a complicated simulator to practice trading.

You just have to log your purchases, your commissions, and your sales.

And you can't depend on the price of the stock to remain unaffected if you buy or sell a large quantity. I deal in 10,000 to 20,000 share lots and I have moved the price of the stock as much as 5 to 10 cents at times.

Study the terms "market order", "limit order", and GUC. And beware of stop-loss - I've found a stop-loss can guarantee a loss, especially during a flash-crash.

I really prefer to be on the opposite side of the short-sellers. They typically drive the price of a stock down at market open and drive it up near the market close.

If you are really conservative you might look into selling covered calls. Buy a quality stock and sell call options against it. If the stock is out of the strike price when the option expires, you get to keep the option premium. It's a good way to get an extra 3% to 6% a year on quality stocks.

Google the term "free-riding" if you plan on trading often. You can't exceed a buy, sell, buy -or- a sell, buy, sell without waiting for your transaction to settle (typically 3 days).

Build an Excel spreadsheet and see how you do.

Jim-Minh wrote:

You don't have to learn a complicated simulator to practice trading.

You just have to log your purchases, your commissions, and your sales.

And you can't depend on the price of the stock to remain unaffected if you buy or sell a large quantity. I deal in 10,000 to 20,000 share lots and I have moved the price of the stock as much as 5 to 10 cents at times.

Study the terms "market order", "limit order", and GUC. And beware of stop-loss - I've found a stop-loss can guarantee a loss, especially during a flash-crash.

I really prefer to be on the opposite side of the short-sellers. They typically drive the price of a stock down at market open and drive it up near the market close.

If you are really conservative you might look into selling covered calls. Buy a quality stock and sell call options against it. If the stock is out of the strike price when the option expires, you get to keep the option premium. It's a good way to get an extra 3% to 6% a year on quality stocks.

Google the term "free-riding" if you plan on trading often. You can't exceed a buy, sell, buy -or- a sell, buy, sell without waiting for your transaction to settle (typically 3 days).

Build an Excel spreadsheet and see how you do.

Thank you for the lesson.

But I traded stocks from 2000 until I came here.

But not like you as a day trader but just watching the market and my shares and buying or selling shares from time to time.

No short selling or derivatives, just boring, manageable stock trading.

And I would like to do the same here from Vietnam on a small scale.

Andy Passenger wrote:

But not like you as a day trader but just watching the market and my shares and buying or selling shares from time to time.

No short selling or derivatives, just boring, manageable stock trading.

And I would like to do the same here from Vietnam on a small scale.

Covered calls might be perfect for you. An extra 5% a year is always nice. It does cost you the opportunity to capture those large jumps in valuation. You still get to keep your dividends and the difference between the strike price of the option and your purchase price plus the money you got on the sale of the option.

It is the only option the U.S. Government allows you to use in your IRAs. I once wrote a program that evaluated stocks for purchase on the basis of their call option premium. It worked well.

But finding a high-beta stock in the $5 to $10 range and capturing a dime change on 10,000 shares can put $1000 in your pocket three or more times a month.

But you have to watch it like Patton watched the Russian general during their toast. You can't blink.

disregard

Jim-Minh wrote:

And beware of stop-loss - I've found a stop-loss can guarantee a loss, especially during a flash-crash.

I stopped using stop loss when I noticed my stop loss were being hunted down by bots. Your order shows up on Level 2 and can be exploited.

Nikkei and other Japanese Stck Mkts (0700~1330VNT) I have been doing this ever since I married in VN.

Wadey wrote:

My trading is for long term only.

Wadey is right. Trying to time the markets rarely works out but you can take advantge of time in the markets by focusing on the long term and compound gains.

If your just guessing when the time is right, you might as well just gamble.