9,787 reputation
21350
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location Sydney, Australia
age
visits member for 3 years, 4 months
seen 3 hours ago

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.


1d
comment Is there software to buy and sell stocks in real time on very small moves in price?
@keshlam - he is asking for software with real time data and that show biggest daily gainers, and he is also very inexperienced. I don't think he is asking anything of what you are talking about. Many broker trading platforms will have what he is asking about, you just have to be a regular trader or pay a monthly fee for it.
1d
comment Is there software to buy and sell stocks in real time on very small moves in price?
@keshlam - mind the language, but that is a whole lot of crap, this has very little to do with how successful one will be with trading. If that was the case every time I placed a stop buy order or stop loss order I would be gapped up or down, but instead my orders get executed right on my stops 95% of the time with the 5% gaps occurring mostly at the market open. This is just an excuse used by people who don't trade and don't understand trading of why you can't succeed in it. People fail in trading because they don't plan and don't use position sizing and risk management properly.
2d
comment Is there software to buy and sell stocks in real time on very small moves in price?
@coolbreeze - a better method would be to go long on a break out above a resistance level on say a 5 minute chart, place your stop loss just below the low of that bar. If the next 5 minute bar moves up you move your stop loss to just below the low of that bar. You continue this until you eventually get stopped out when the price goes below the low of the previous bar. You may get some small losses and some small gains if the market is going sideways, but if it has a move up you'll make a good larger gain. The key is to get your position sizing right so as not to risk too much on any one trade.
2d
comment Trading stocks on a short term basis using beginner level tools
@ChrisInEdmonton - Buy & Hold can be gambling. The time frame you invest or trade in is not what determines if you are gambling or not, it is the method you do it in. I know of quite a few people who do short term trading who make money consistently, and have been for many years. So what you have stated is not fact but your opinion based on the material you choose to read about and your biases on investing and trading.
2d
comment Trading stocks on a short term basis using beginner level tools
@littleadv - no that is not the definition of short term trading, that is your opinion.
2d
comment Trading stocks on a short term basis using beginner level tools
Yes there are people who do day trading and other shorter term trading successfully consistently, when they have a proven plan and risk management strategy. Short term trading can include stocks, FX, commodities and other markets. You are right about one thing, and type of trading or investing, no matter what time frame, is gambling if done without a plan.
2d
comment Is there software to buy and sell stocks in real time on very small moves in price?
So you would risk 0.5% to make 0.25%? In other words you are taking double the risk of your targeted profit target. That means you would need to be right at least 67% of the time just to break even (and that is without taking brokerage commissions into account). To make money in trading your wins should be larger than your losses. Look up Expectancy and read some of Van Tharps work.
May
27
awarded  australia
May
26
answered If I make a loss in trading stocks, can I state it as a loss of investment in the tax refunds?
May
21
comment How much is my position worth after 5-1 stock split?
Your position is worth $4500 before the split as well as after the split.
May
20
comment share repurchases
Are you talking about Dividend Reinvestments?
May
18
comment A stock just dropped 8% in minutes and now all of a sudden the only way to buy is on the ask, what does this mean?
It just sounds like a very illiquid stock. Best to stay away from it and look for something else with more liquidity (higher volume and smaller range between bids and asks).
May
17
comment Suitable Vanguard funds for a short-term goal (1-2 years)
What keep the funds tied up in the stock market if it crashes just to recoup the original funds. So instead of trying to get some returns within 2 years, the OP should wait it out for up to 7 or 8 years just to get their money back. Would have been better off leaving it in the bank. Instead if at any signs of a downturn the OP withdrew their funds they could still look to purchase property in their chosen timeframe.
May
16
comment Suitable Vanguard funds for a short-term goal (1-2 years)
It actually took almost 5.5 years for the S&P500 to recover from the 2008 crash. You doubt anything that severe is in the making - what about if interest rates in the US start rising? Part of this bull run is being fuelled by near zero interest rates and money printing, what happens when the flow of money stops?
May
16
comment Suitable Vanguard funds for a short-term goal (1-2 years)
@User - If investing long term and the stock market halves just before you planned to take out your funds it could mean the difference between retiring on $1M or $500K, whilst if you had prior warning you could have pulled out $900K a little earlier. Also regarding adjusting allocation, what happens if crash happens just before you planned your adjustments, or after you made adjustments the market went through a steep bull run which now half of your investments missed out on. Without the knowledge of which direction the market is going in you are basically just guessing, hoping and gambling.
May
14
reviewed Close Investments as an NRI
May
14
reviewed Close Dry cleaners lost $160 pants, what should I do?
May
14
reviewed Close How does Pell Grant work for students with a foreign Bachelor's?
May
13
answered What is the meaning of “Closed Short” ,“Opened Long” ,“Scaled Out” and “Scaled In”?
May
13
comment Is interest on a personal loan tax deductible?
If the interest on the loan from the father is an expense on an investment, then why is it not deductible? If taxes are due on the profits from the investment then surely any expenses to earn that income would be deductible against that income!