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flametree's Page
Profile Information
- Age
- 30-45
- Sex
- Female
- What is your Money Confession? (Your biggest money win or stuff up)
- Big Win: worked hard to save via a small business and an early win on the stock market ( I was incredibly naive about the stock market at that stage). The stock I picked did a very lucky hike from .43 cents to 5.6?. Then Big Loss: Taken by an international Con man of all my savings and an investment amount in a new company (cleared by my legal advisers but turned out to be fraud), and had to start from scratch, being further financially pressed by serious illness.
- What is your financial goal?
- Financial independence through shares and property, expanding into charity and funding of creative endeavours.
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Hi all,I am after some advice and ideas from everyone, professional advice thus far has been to declare bankrupt and get it over and done with.
This is my situation, I used to own a company that T/O was around $1M p/a. The business had a bad season…
Be aware that Fox Symes is more of a credit management company and might not be what you need. I would talk to the lease company first, explain your circumstances and try to renogotiate the lease terms, eg extending the term to make payments less...…
The Shire of Litchfield had a problem collecting about $250,000 from unimproved land holdings which were unmaintained and basically had no active ownership. This properties known as "dead man" leases were owned by estates that acquired them in the 1…
You should email this to Get-Up
Ever read "The richest man in Babylon"? Its got the most straight forward financial plan that applies to anyone.
In fact you can buy a series of books revealing Buffetts strategy. The ones I prefer are any authored by Mary Buffett but there are others as well
We'd love any advice or opinions on the following;
We've got 3 properties (2 investment properties and 1 principle residence). We lived in our principle residence for 2 years and have been renting it out for the past 5.5 years, the property is va…
Message to billionaire Aussie John from inside a rat infested squalid Indonesian jail. From Robert McNeice. John I am sorry I did not pay back your money but please I have suffered enough. I need your help to me get out of here, my health is not…
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In the shares my system made 8% in the March April May blip
The banks just don't trend hard enough to trigger a buy in my system, maybe this time :-)
Most people love their MACs and I don't blame them bot a tool is a tool and if it does not do what you want it to you may have to use mre than one tool
The best analogy I can think of is a carpenter saying ha loves his hammer and never buying a screwdriver :-)
Great reading your comment, the major difference between what you are saying and the system I have designed, is mine is 100% technical base and i do no fundamental analysis.
If you want a good idea where the All Ords is goint to go on any day look at the Canadian Index ^gsptse on Yahoo as opposed to the ^dji
As for other reports I only look at fundamental out of curiosity I do not trade on it.
The developer i work with is also one of the most reliable share data providers in Australia so I have access to almost any data.
My next venture is to develop a trend following system for the commodities market.
I would love to mentor others in share trading the major problem is ASIC and ACCC as there are things I can and cannot say because I do not have a license.
Currently, finding trading packages for MACs is hard
My system very rarely gets into the banks as the tend not to trend with enough strength.
I did great out of the recent spike in coal shares. An currently out, should be back in soon the way things are shaping up.
When to buy important
When to sell more important
How big a position even more important.
I have software where after a bit of effort I can take my rules "patterns" and test them in the "market" over the last 10 years. The software "trades" with the past data, including brokerage and not buying when there is no kitty. thios allows me to see if the pattern has worked in the past and how well it has worked. Once I have established the pattern works I then use it as part of my overall trading "system"
A good book to read for the mindset of trading is trading your way to finacial freedom by Van K Tharp. I have found the mindset is the key factor.
I will gladly add you as a friend.
I use a FCharts Professional as a charting package and then I have worked with some developers on creating a package that lets me put my rules into a "rules engine" this lets me scan the top 600 of the ASX looking for complex matches.
Where you are with regards to technical trading will govern where you should probaly go next.
I have posted a blog on Trading which has a post on planning and this is where I feel people should focus first.
More than happy to have further discussion.
Thank you for your interest
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Good luck!
moonbuggy
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