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Mrs. C. Jarvie
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- Perth, WA
- Australia
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Mrs. C. Jarvie's Discussions
A supermarket’s job is to make us spend more.
Replied Dec. 9, 2008
Tips to cut your spending in half
Replied Dec. 3, 2008
Today's poll about 2009 property prices
Replied Nov. 19, 2008
Mrs. C. Jarvie's Page
Latest Activity
Look out for online trading games. The asx.com.au run them on a regular basis, you have $50K to trade the top 100 ASX stocks in real time. The only other tip I have is DO NOT GET Emotional about your trading when you play live with real money. ie. I…
Profile Information
- Age
- 30-45
- Sex
- Female
- What is your Money Confession? (Your biggest money win or stuff up)
- I purchased a Perth property for less than the previous owner paid.
- What is your financial goal?
- for my investments to provide my primary income at $50,000 p.a. within three years from now
Mrs. C. Jarvie's Blog
Paper trading for beginners
Hello All,
I have begun paper trading, training myself to win the stock market game before I invest real cash, with a goal of earning my primary income from daily trading.
I am wondering how many other paper traders we have here?
Also, I have some questions about trading, for example:
How do I know the stock price has changed without waiting for finance.yahoo.com? Can I know right away so I can sell right away if need be?
How do I pay the least amount possible for brokerage?
I understand t… Continue
I have begun paper trading, training myself to win the stock market game before I invest real cash, with a goal of earning my primary income from daily trading.
I am wondering how many other paper traders we have here?
Also, I have some questions about trading, for example:
How do I know the stock price has changed without waiting for finance.yahoo.com? Can I know right away so I can sell right away if need be?
How do I pay the least amount possible for brokerage?
I understand t… Continue
Posted on December 3, 2008 at 4:02am — 6 Comments
Comment Wall (11 comments)
- At 12:22am on February 11, 2009,
nikki said…
- What is paper trading? I am clueless about stock markets.
- At 1:50am on February 10, 2009,
Miffy said… - "what doom and gloom" - I love it!
I like what you've touched on with art, as I think this is something that we have all cast by the wayside in our quest for ever more possessions. Not that we actually want or need these possessions, but rather we've been coerced into thinking that we do by oh-so-clever marketers. Which is another problem - all the best and brightest are ending up in marketing and finance jobs, whereas they used to pursue the arts and sciences.
Perhaps this "crisis" is a good thing in that people may start rethinking their priorities in life. Is this the depression we had to have ;)
And I agree wholeheartedly that we've lost the ability to do many meaningful things together in groups as the world has careered into a me, me, me individualistic marathon, with each of us pushing one another out the way in the race to have the most.
BTW, where were you living before you came to Australia? And what made you come?
- At 9:10pm on February 7, 2009,
Matthew Reader said… - It's hard to believe anyone could NOT be an Obama fan! I suppose the only way was up for the US after the past 8 years of Bush...In retrospect it was a good thing that Bush was there for so long because he paved the way for it to be possible for Obama to get in. Sometimes we need to reach the depths in order to reach new highs!
- At 1:11pm on January 19, 2009,
Miffy said…
- Wow, things certainly haven't been boring for you! Olympia, USA to study (where is that exactly?), and now you live far from a library? Where are you living (if you don't mind me asking)?
- At 7:46am on November 18, 2008,
Linda Kathleen Schmidt said… - Many thanks Yes I want to make time to have investment club interests as a lot can be achieved by discussions and speakers etc. I will go to CBA seminars when I locate them. Thanks very much for responding. Linda
- At 6:42pm on November 17, 2008,
Linda Kathleen Schmidt said…
- I wondering how you can help me. I too would love to have agoal like yours above especially at the age I am but am finding all the maze of information difficult to learn about and work out. I am from Perth as well Linda
- At 6:13pm on November 11, 2008,
JeffK said… - You too Cake. BTW, where does the name "Cake" originate? If it's a nickname, I suppose a partner probably gave it to you (or your parents?).
JFK
- At 6:44pm on November 7, 2008,
Bandwidth said… - I wish you well
And i know your trading plan will be sound and meet your needs
- At 5:41pm on November 7, 2008,
Bandwidth said…
- Hello
I noticed your comment on fiding a Mentor for trading in CFDs.
Some thoughts
CFDs are purely a leverage mechanism and can be an expensive form of leverage. We have developed some modelling systems taht take into account al the profits/losses and tradiing costs. Over time these show that the cost overhead of trading CFDs as opposed to using equity funds is actually quite high. With CFDs as your trading "capital" grows the cost grows, even if the funds are in effect "profit" from trading.
My suggestions is fin a good trading mentor, regardless of the mechanisms they use to trade.
Experience has shown me that the major factors in trading success are money mgmt (position sizing), stop losses and discipline. Once comfortable with these factors then develop a system that you are comfortable with.
I have developed a weekly trading system that if I had followed to the letter of the law would have returned 50% better than the emotional me. So now the emotional me uses the emotions for a better purpose and I follow the system.
I published a couple of posts on trading and they may be worth reading.
Feel free to ask any questions as I have plenty of time to answer them. I trade and invest for a living :-)
BTW the Van K Tharp books are great grounding
Hear from you soon
Bandwidth
- At 3:09pm on November 7, 2008,
Bandwidth said…
- Thank you.
I like your way of presenting a way forward and also your belief that intervention is not the way.
I try to look at the world from a logical forward looking view point. When I see people looking in the rear view mirror and try to lay blame for problems it upsets me. I believe I am where I am because I took control and did something. If we blame others we are giving them control over our destiny..
When I write I have no fear in presenting the other view and questioning the logic behind the thoughts presented. My back ground is large scale systems design and strategic planning so this thought process is natural.
Yes we will stay in touch
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