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location Sydney, Australia
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visits member for 3 years, 3 months
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I have a love for Personal Investing and believe that every individual should improve their educational levels in Personal Finance and Investing so they are better able to look after their own financial futures.


Apr
17
comment Does Technical Analysis work or is it just a pointless attempt to “time the market”?
@CQM - your problem with TA is that you don't understand it. As I said proper TA is done in a systematic way with a documented plan and incorporates Risk Management. If you took the time to learn about TA you would find that it does describe the "WHY" prices bounce off trend lines, support and resistance lines, and the reasoning behind the patterns and indicators. This is the typical response, as I suggested, from someone who doesn't understand or use TA.
Apr
15
answered Does Technical Analysis work or is it just a pointless attempt to “time the market”?
Apr
15
comment Does Technical Analysis work or is it just a pointless attempt to “time the market”?
@YasmaniLlanes - there are many programs that allow you to do backtesting for a particular strategy. Or you can also manually backtest in most charting packages - you can go back in time on the chart so that the right side of the chart shows a date in the past (say one year ago or 10 years ago), then you can click forward one day at a time (or one week at a time if using weekly charts). With your indicators on the chart you can pretend to buy or sell whenever a signal is given as you move forward in time. This way you may be able to check years of data in a day to see if your strategy works.
Apr
15
comment Suitable Vanguard funds for a short-term goal (1-2 years)
@YasmaniLlanes - MA is quite common place in TA and one of the first indicators you will learn about. You would use shorter period MAs for shorter term trading and longer term periods for longer term trading and investing. You could also use a combination, longer periods to suggest when it is a good time to be in or out of the market and shorter period MA for your actual entry. ROC is one I learned about last year at an investment expo. You need to incorporate which indicators suit your type of investing. I have been performing very well using TA over longer and shorter timeframes.
Apr
15
comment Suitable Vanguard funds for a short-term goal (1-2 years)
@YasmaniLlanes - my favourite book is "The Complete Trading course" by Corey Rosenbloom and another good one is "trade Your Way to Financial Freedom" by Van Tharp (which talks a lot about the psychology of the markets, about position sizing and risk management. These are quite advanced books so I would probably recommend some introductory books on Technical Analysis before moving on to these ones. Yes I implement in practice what I learn. Of course you don't use every single indicator you learn about, but you also learn how to use one indicator in different ways.
Apr
14
comment Investing through a corporation to defer taxation of capital gains and dividends
1) No you are wrong. Any capital gains or dividends received are the profits. Just because more shares are bought does not mean a profit was not made. You are mixing up cashflow with profits. If I buy a hammer for $10 and sell it for $20, my profit is $10. It doesn't matter if I bank that profit or go and buy 2 more hammers for $10 each, my profit on the first hammer is still $10.
Apr
14
comment Suitable Vanguard funds for a short-term goal (1-2 years)
@YasmaniLlanes - For the chat I used Incredible Charts (they have a free version with limited indicators or various levels of paid versions) but most charting software would have these indicators and more. Regarding about learning about the indicators, that's from reading books on Technical Analysis, and sometimes attending seminars and other short courses.
Apr
13
reviewed Approve What are some good options for getting a short-term personal loan?
Apr
13
answered Suitable Vanguard funds for a short-term goal (1-2 years)
Apr
12
answered does one have to keep stock until the dividend payment date to get the dividend? (Record Date vs Payment Date)
Apr
12
comment Can stock market gains be better protected under an LLC arrangement?
To answer your last question - you have it all wrong !!!
Apr
10
reviewed Close Do algorithmic traders make money from short-term or long-term gains?
Apr
9
comment Advice on strategy for when to sell
Keep your loses small and let your profits run. I would use a 20% trailing stop loss to produce consistent medium to long term returns, and take your emotion out of the game.
Apr
9
answered What is Fibonacci values?
Apr
8
comment Value of personal house turned rental
what country are you in?
Apr
7
reviewed Approve Will my father still be eligible for SNAP if I claim him as my dependent?
Apr
6
reviewed Approve Can I put what I earn from the sale of my house in the bank?
Apr
6
answered What is Bearish Bar Reversal?
Apr
1
comment When following a buy and hold investment strategy, on what conditions should one sell?
@Victor123 - how far from the current price did you place your stops? Maybe you are placing them to close. You usually use smaller stops if you are trading short term and larger stops for longer term trading/investing.
Mar
31
awarded  Enlightened