Ive just started to get into it and looks like another good thing to do on the side (still havnt bought any yet, but will soon). I got a mate who recently made a hell of a lot of money from the uranium rise, made me sooo jealous.

Anyone here trade?

yes, and still try and get into uranium while you can.....

ooOooO Chuck do u make much from it?

I think now is a good time to put money into rebel sports.

Geez,

The market is so overpriced and stretched at the moment. There is only a few and its very far between stocks which are at a good price.

Uranium is going to tank it in the short-medium term. Yes they shot up, yes they may go up for a few more days but fundamentally and technically it isn't there for a buy at the moment, the horse has already bolted.

If you are going to trade shares as opposed to invest in shares then there can be some good money made on the side but this isn't probably the time to be doing it.... unless you trade both sides of the market (up and down).

Try the forums at Incredible charts if you want some advice on stocks. Most people over there are very helpful and some know what they are talking about.

Good Luck...

i think the market may be peaking soon...

enough

Too much work, too little control.

how long have u been trading for?

years....

Trading shares is an develpoed art just like Horse racing , so if one is new at it , be prepared to put in the time initially to try & understand the fundermentals of it .

If one wants all the stuff done for you & all one wants to do is pull up the screen at the end of each day to see the days performance , one might be better off investing in a managed share fund .
Most produced 20% + last year but the one that should be looked at is the Geared Share funds if you really want to rock. (40-50% PA, over last few years)

The ones I found to be good is the Colonial First State Geared Share Fund (100% Aust Shares) invests in approx 60 diffferent companies
& their Global Resources fund (Local & overseas) in approx 100 mining companies around the world with very strong Fundermentals & comparitivly low running costs .
This spreads the risk nicely , try & find funds that dont invest in too many companies because it may minimise the risk but it also minimises the profit dramaticly & this is what the majority seem to do.
I have invested 50/50 in them & last year it went up approx 50-60% on both.
Try & look at each funds 5yr performance , any more than that doesnt mean much. That way one can assertain the strength of the fund compared to others.
Also check out the funds Assert ranking, focus on the top 8 performers over the last 5 years , see Trading Room .com.au for this info.
This gives one an idea how stable the fund is.
e.g. Colonial First State has been ranked in the top 3 for the past 5 years in a row.

Unless one can do better in Day Trading (40-60% increase on capital PA), it is probable better to use a managed fund similar to what has been mentioned because there are more people that loose than profit in that game just like horse racing , so do plenty of research.

Once one has decided they are going to have a go , all the experts say to keep ones investment in one particular share (not Share fund) at no more that 5-10% of the total amount of the working bank.

A question raised by those who have bought shares is... when to sell so that I dont loose on a sudden down turn ?
One answer is ..sell as soon as the shares highest value point that one has held them, drops minus ,10-12%.
e.g. Telstra shares bought at say $3.50 went to $9.90 now sell them when it looses say 12% which is $8.71 ,you have still made 149% net profit
In this exercise it would have been a wise move because it has not seen the light of day since.

If one really did like that share , one can buy them back at a later stage, but its an idea to wait until the price increases by approx +5.5% on its new low before doing so.
Doing that with Telstra , one would have never bought them back.

Another example
BHP dropped from $24.00 down to approx $8.90 at one stage.
One would of sold them when it dropped minus 12% = $21.12
Then buy them back once they went from $8.90x1.055(5.5%)= to $9.39
They havent looked back since.

I am trying to keep this as primitive as possible .
If one wants to get into all the basics of it all, check out Trading Room run by Faifax & Incredable Charts (brilliant) & its free.

Cheers.

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Cheers.