New Zealand

Discussion in 'Hook Up' started by vanzandt, Mar 13, 2024.

  1. lilactian

    lilactian

    I read about davas box too, a lot people seem to find it very helpful. I am still in an overwhelmed stage with all the information available online for free to absorb just wished I could have one of Elon Musk's chips to plant into my brain then I would digest all the information quickly haha. Do you mentor students at all? Just curious.
     
    #21     May 1, 2024
  2. lilactian

    lilactian

    I actually made my first biggest win in AU mining stock too, unbelievably doubled my position in two days I was like whoa, but unfortunately that was it, never got so lucky again, I was planning to trying to dig into these au mining stocks again, how do you filter them if you dont mind sharing?
     
    #22     May 1, 2024
  3. themickey

    themickey

    Google! :)
    Mate its soooo easy - when you know how, hehehe. But isn't everything like that?
     
    #23     May 1, 2024
    lilactian likes this.
  4. themickey

    themickey

    Yes I do from time to time. But to mentor succesfully the student needs to be on the same page.
    The same page as me = Swing trading stocks, prefer ASX because that's where my experience is, ie ASX operates differently than USA, different language / colloquism.
     
    #24     May 1, 2024
  5. themickey

    themickey

    It's a long story, there are many factors to consider.
    I may PM you tomorrow.
     
    #25     May 1, 2024
  6. tony.m

    tony.m

    Swing can be hours, days, weeks...
    How long do your normally hold ?
     
    #26     May 4, 2024
  7. themickey

    themickey

    As long as the uptrend is still in place.
    Sometimes you'll get caught by chop and the position lasts less than a week.
    Other times it can run on average 3 months.
     
    #27     May 4, 2024
    tony.m likes this.
  8. tony.m

    tony.m

    Any advice for someone who wants to get into trading ASX ?
     
    #28     May 4, 2024
  9. themickey

    themickey

    Oh boy..... There's enough advice I could give to write a small book.
    But the question is open ended because every individual will want to use a different technique and have access to different tools and so the advice would differ.
    But I suppose one main bit of advice on the ASX which would pertain across the board, only believe 10% of what you read.
    Also it's easier and less risky to trade sectors imo than it is individual stocks.
    It's dangerous to place a large position on individual stocks, especially small-mid caps but you can get away with doing that on a sector etfs.
    The more stocks you trade at any one time the more difficult to control.
     
    #29     May 4, 2024
    lilactian, tony.m and beginner66 like this.
  10. lilactian

    lilactian

    I agree that is why I am only holding one industry etf atm and learning along. I get what you mean, trading is like an ocean there is no end^
     
    #30     May 10, 2024
    beginner66 likes this.