New Zealand

[lilactian]

Thx.
Started trading when I was maybe about 32 years old, always stocks, mostly always mining.
And all that began what 40 odd years ago.
I went full time 8 years ago, still mostly mining because I find there's more a speculative element in mining so better for swing trading.
I use my own TA ideas methodolgy, but it sort of is a Darvas box method, but I only recognised that later. I work off algo spreadsheets which I code myself. I like excel formulas, they're easy to work from because if you're stuck for creating a formula, you can soon either find one or make one. I once made my own excel formula using chatgpt which kept giving me wrong answers but by adding together a bunch of false function replies from chatgpt managed to create the right function formula, but that took several hours to finalise.
Some guys say excel (I use Googlesheets) is clumsy and long winded but I find it nice to work with. I was once an Amibroker coder but I still prefer spreadsheets which auto update.
With amibroker every day had to manually download the previous day's data, my method there's no need to, it does it on the run, for USA stocks only a 10 minute delay.

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.

 

[lilactian]

Thx.
Started trading when I was maybe about 32 years old, always stocks, mostly always mining.
And all that began what 40 odd years ago.
I went full time 8 years ago, still mostly mining because I find there's more a speculative element in mining so better for swing trading.
I use my own TA ideas methodolgy, but it sort of is a Darvas box method, but I only recognised that later. I work off algo spreadsheets which I code myself. I like excel formulas, they're easy to work from because if you're stuck for creating a formula, you can soon either find one or make one. I once made my own excel formula using chatgpt which kept giving me wrong answers but by adding together a bunch of false function replies from chatgpt managed to create the right function formula, but that took several hours to finalise.
Some guys say excel (I use Googlesheets) is clumsy and long winded but I find it nice to work with. I was once an Amibroker coder but I still prefer spreadsheets which auto update.
With amibroker every day had to manually download the previous day's data, my method there's no need to, it does it on the run, for USA stocks only a 10 minute delay.

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?

 

[themickey]

where do you get data from for your googlesheets?

Google!
Mate its soooo easy - when you know how, hehehe. But isn't everything like that?

 

[themickey]

Do you mentor students at all? Just curious.

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.

 

[themickey]

I was planning to trying to dig into these au mining stocks again, how do you filter them if you dont mind sharing?

It's a long story, there are many factors to consider.
I may PM you tomorrow.

 

[tony.m]

Swing trading stocks

Swing can be hours, days, weeks...
How long do your normally hold ?

 

[themickey]

Swing can be hours, days, weeks...
How long do your normally hold ?

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.

 

[tony.m]

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.

Any advice for someone who wants to get into trading ASX ?

 

[themickey]

Any advice for someone who wants to get into trading ASX ?

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.

 

[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^