So new I could have been born yesterday....Bittahelp?

This is a discussion on So new I could have been born yesterday....Bittahelp? within the First Steps forums, part of the Reception category; shaz There's no such thing as a free lunch:-)...

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Old Jan 22, 2004, 6:21pm   #16
 
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shaz
There's no such thing as a free lunch:-)
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Old Jan 22, 2004, 6:37pm   #17
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rognvald,

I know but you do not have to go swimming with sharks to find one
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Old Jan 22, 2004, 6:44pm   #18
 
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True - but there are lots of Goldfish swimming here too
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Old Jan 22, 2004, 6:53pm   #19
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true- over 5000 of them have zero posts
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Old Jan 22, 2004, 7:40pm   #20
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I'm sure TIAF is an intelligent sort of person - why else would they be checking out t2w. And I think Zow's response was pretty good.

If you could spot the obvious tongue-in-cheek-ness (as I'm sure TIAF did) - it did actually set out all the things a newbie could be doing and could be avoiding.

Although Zow's response was a bit low on detail (what the hell, who's perfect anyway?) , but as I'm sure he himself expected, those in the know are now giving generously of the time and info.

Last edited by TheBramble; Jan 23, 2004 at 8:51am.
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Old Jan 22, 2004, 8:13pm   #21
 
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TIAF,
whilst I think a little more thread reading might have helped, I for one am sorry you got your head handed to you... to **** with this, it was plain rude and would earn a broken nose in any pub I've ever been in.
Whilst this site does indeed have a wealth of good ideas on it, they are sprinkled at random - to get the basics under your belt would be a good move, and ta decent book is still the best method for that sort of thing. You could perhaps first decide if you are going to invest based on technical Analysis or Fundamentals, TA is chart reading mainly, FA is reading accounts and working out (in theory) what a fair price for the share is - or will be any month now.
I would suggest TA is easier to start with and equally valid - for FA read a book such as Jim Slater's "ZULU principle" or anything by "The Motley Fool"... personally I consider most of that stuff to be based on eyewash, but that's just opinion. It will (particularly the TMF stuff) include a decent guide to making a valuation of a company.
TA - William Jiler wrote a short book 'How Charts Can Help You In the Stockmarket' which teaches the absolute basics of reading a price and volume chart ... by all means go on from there to learn all about indicators, Candle patterns and so forth, but price and volume analysis that leaves you with a decent clue to the market forces is never going to hurt.
After reading Jiler (or any basic primer on chart reading) you'll have a much better idea of where to go and read next. It is very easy in TA to overcomplicate and go bust whilst knowing all sorts of esoteric stuff. More importantly you'll be able to make more sense of the postings here and spot which to pay attention to, which to ignore. Ignore any book with more than 150 small pages - Murphy, for example, is great to follow on with after the essentials are sorted, but a total newbie has no idea which pages (there are over 540) are important.... is knowing how the TRIN/TRIX works of sonsequence when you don't even know what the tick marks on a price bar stand for?
Start small - being able to understand what a simple bar or candle chart is showing is the first step in TA, until you've got that sorted ignore the rest.
For FA - sorry, wrong place <g>
All the best,
dave
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Old Jan 22, 2004, 8:14pm   #22
Joined Dec 2002
Thinks - my tuppence worth.

Stick a grand in a SB account. When its down to £500 (chances are, it will be) you'll have learnt more from that £500 than any £500 course, book or whatever (play with really small stakes, by the way)

But before you go blowing your £500, here are some (hopefully useful) links for you to click on (all free education, of course)

http://www.decisionpoint.com/
http://www.incrediblecharts.com/
http://www.stockcharts.com/education/
http://www.invest-faq.com

Hope this helps.

RR
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Old Jan 23, 2004, 12:21am   #23
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Thinks,

Lots of good links (homework) already & lots more on this BB for you to search through & add to your 'favourites'. One of my current faves is www.digitallook.com for the Uk, with heat maps,screens, great charting & FA/news info - all for free login.

Remember to 'walk a mile in someone's shoes before you judge them', that way when you do judge them you'll be a mile away & you'll have their shoes. lol.

Rgds.
Mike
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Old Jan 23, 2004, 1:13am   #24
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Where is Reminiscence of a Stock operator -Edwin Le Fevre available for download ?
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Old Jan 23, 2004, 10:29pm   #25
Joined Apr 2003
go to:

ftp://24.232.179.10/economics,%20finance/ scroll down the list & you'll see what you're after.

This is the download site from the http://www.spytrdr.com/library/
link for the economics,finance page if you can't go straight to the ftp site.

Rgds.
Mike
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Old Jan 23, 2004, 11:20pm   #26
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Mike

Thanks - That is a great site.

Hagadol
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