The JSE and finance forum for South Africa
General Category => Shares => Topic started by: jonb on January 28, 2016, 11:53:44 am
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HI ALL
I am sure this topic must have been raised a hundred times so please feel free direct to any open links
After about ten years of building a portfolio through numerous financial service providers, i split it and I started my own around two years ago with the EE platform here in SA and via my EU based bank for international purchases where I am currently based and working in Amsterdam
Its been fun ( stressful but fun! ) and while my mandate is to reach long term growth, the business mind in me really lives the aspect of shorter term trading for profit
I am returning to SA later this year and while I have a few online business plans to get stuck into ,however I wouldn't mind learning to actively trade on the side to start as this really is what I think about 24/7
My question is ... WHERE TO START??
is there any intro courses one can go on? ( I tend to prefer this than searching online for advice as this can get murky )
Also what platform is best to use ( GT247?? )
Lastly I would love to learn to chart and get into financial analysis .... where is the best place to learn??
Would be great if there was some kind of training one could enroll into
I have always had great feedback from this forum and hoping for some guidance form the good people who reside in this digital portal
:TU:
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I googled Learn to trade and got a couple of sites which maybe if you tap into them they could give you direction and insights
Personally I prefer to play Powerball to trading as with Powerball I can control how much I spend and if I hit the jackpot hooray, with trading you can lose bucket loads of money
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The 90/90/90 rule is well known in trading circles. It means that 90% of traders loose 90% of their capital within 90 days. Good luck. :TU:
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Wow!
I hear this so much!
How are people like Anthony Clark and many others getting it right??
Maybe from a year perspective.... choose your companies from lots of research and roll with it for a year ?
I just mean instead of having a long term fun with Coronation for example, take an amount and do yearly stock selection as a sideline business ?
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http://www.icmagroup.org/executive-education/courses/
I did this years ago.
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@jaDEB
Thats the info I am looking for !
Was it worthwhile for you ? do you find it helped with trading now ( if you do ? )
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http://www.saifm.co.za/workshops.htm
Also have a look at this.
The ICMA is expensive, I did it as an option to go into trading as a career, but it never happened. Am I glad I did it, yes. Should you do it, I do not know, it is more for career option than trading, but it does teach you about the options in investing.
But please note although I have the certificate ICMQ ( Passed 2001) I am last in the Investors challenge. :LHST:
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@jaDEB
Thanks for that suggested course. I've been looking for something similar...
I enrolled for this half day course from Sharnet http://www.sharenet.co.za/v3/events/ "Introduction to Markets".
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@jaDEB
I guess no amount of leanings can force the hand of fate... so much of this is really down to luck! ( unless one has some kind of inside info !)
Thanks for the tips...saifm looks more interesting and maybe not such a $$$ stretch!
@Noob1
the sharenet courses look exactly what I am after! hope they carry on as i will only be back in SA later this year... will definitely do all 3 :) I think the info in the trade & invest course covers most of what I am looking for
Would love to hear how it goes ?
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@jonb
I'll let you know how it goes.
I understand that it's a regular thing.
The other courses mentioned sound more comprehensive. However, considering that initially you don't know - what you don't know. I think easing into it may be a good approach...
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I am completing this course at the moment - well worth the R19 if you totally new to TA.
http://daddysdeals.co.za/deals/johannesburg-cape-town-durban-pretoria-port-elizabeth-east-london/vouchers/master-financial-trading-with-diploma-shaw-0
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@Mr_Dividend
R19???!!!!!
is it worth doing... online right?
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Hello Q, recognize your avatar. Glad u still here.
Yes, I feel the same, why should u write a book about how to make gazillion dollars in 2 weeks. Why write book to make money if u could be making more money somewhere in the market.
The best is Do some practise trading with play play monies, then put some F^%$ money into the market. I have had it so many times, arrgg please tell me how to do it, later I ask, so how u doing. Oh no I decided to buy that R19 000 mountain bike instead.
Oh, that is nice..... *&^%$$$ *&%^^ :frustrated: :wall: :wall:, so u wasted my time...
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@Q
I think i was more after a few workshops like good people like justonelap and the like occasionally put out
to be clear my request was not to have some trader go .. here is the secret to making $$$$
I am not that naive and after being in markets for 10 years+ however with a financial services co handling the decisions , My original request was were does one look to get solid information to take this into their own hands
No get rich quick request!
One thing about markets is that there is no competition between investors, the more people investing the better for stocks... and that is pretty unique in my view when it comes to business
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The 90/90/90 rule is well known in trading circles. It means that 90% of traders loose 90% of their capital within 90 days. Good luck. :TU:
This is true but only half a story.
People forget trading is not ¯\_(ツ)_/¯ after 90 days. You have to be dedicated for 90 days x 24 at least, equating to 6 years experience minimum before you start to know your way around.
But the rewards are great; I would encourage anybody with half a brain and ample reserves of tenacity to go for it. Just keep it small initially because you will lose (initially meaning first 3-4 years).
Good Luck.
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I'm very fascinated by this I hope you guys don't mind me being blunt. Why would any successful trader waste his time teaching trading when in 10 minutes time he could profit a months wages on the direction of Gold?
That's pretty much what I said to the guy selling the advanced course - if it's so good, why teach? He had no come back. But having thought about it, there have been many excellent ( and extremely wealthy) traders that have written books and many that have taken time out to mentor.
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@Mr_Dividend
R19???!!!!!
is it worth doing... online right?
Definitely worth it to get some basics down. I mean, R19 - how can it not be worth it.
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I'm very fascinated by this I hope you guys don't mind me being blunt. Why would any successful trader waste his time teaching trading when in 10 minutes time he could profit a months wages on the direction of Gold?
There may be some truth to that but on the other hand if you publish a book as a successful trader you are probably guaranteed a good return on that invest for probably the rest of your life. It is a somewhat predictable investment you can control. The markets on the other hand are unpredictable to even the best of traders and require a lot of chart analysis and work to make money. The guy from JustOneLap gave that as a reason for becoming a less active trader because he got tired of spending his whole day just looking at screens. So spend a year or two writing a book and your set.
And then there are just good people out there. People who can just be in trading for themselves but instead choose to share their knowledge and experience.
@jonb
You might want to take a look at a book called 'How to Make Money on The Stock Market.' Does have a bit of a 'get rich quick' ring to it's title but it is not like that at all. It is just a book that does a good job of explaining all the different chart patterns and how to analyze them.
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You don't have to sit in front of your screens whole day most traders know that's how they loose all their money
I won't know. I am not a trader. Just saying what Simon Brown said. But I am sure you get the gist of my message anyway.
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and I strongly disagree
The only investment book anyway worth reading is "The Intelligent Investor by Benjamin Graham" first published in 1949
(https://upload.wikimedia.org/wikipedia/en/5/57/Theintelligentinvestor.jpg)
https://en.wikipedia.org/wiki/The_Intelligent_Investor
Wow. Someone is sour today. Good thing it's the weekend. Cheer up buddy boy.
Anyway the book you are recommending is good if you want to be a value investor. Not a trader. So it's not really what jonb is looking for.
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and I strongly disagree
The only investment book anyway worth reading is "The Intelligent Investor by Benjamin Graham" first published in 1949
Although that book is on many proven traders to read list, it's certainly not the only book. Maybe you need to wind your head in as you are coming across as quite the know-it-all.
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Try remote viewing. It can be done by anyone.
Here is a study.
The study concluded that remote viewing "appears to be a reasonably accurate way to predict the future of binary outcomes... RV has dramatic implications for how we view time and our ability to perceive the future".
This is not, however, the first time someone has made money through remote viewing research. The paper discusses some previous history, including a study conducted by pioneering remote viewing researcher Hal Puthoff in 1982, in which a series of 30 RV trials attempted to predict the outcome of the silver futures market. Financially, the trials netted a profit of approximately $250,000 for their investor, "of which Puthoff’s share was ten percent, or more than $25,000, which he used to help fund a new Waldorf School". And in that same year, researchers Russell Targ and Keith Harary also used remote viewing to predict silver futures in an attempt to raise funds for their research, with their first experiment yielding $120,000.
Now, if you'll excuse me, I'm off to practice some remote viewing for a while...