@bennos Careful with the Guru thing. I found Tim to be a waist of time. Superman seems to have a strong following but he seems pretty hardcore. I liked the Investors Underground vids but at the same time was dissapointed with it. Best advice: Try one with a month to month sub. That way you can leave. Don't pay anyone annual fees. Trial everyone, trust no one.

@markaus that doesn't sound too promising :( was hoping for more positive words but appreciate the honesty. would you mind providing more details on Tim's sub or any others you've tried? I'm in Sydney and the US market opens at midnight here so am quite hesitant to start cause of work, if I could be up all night and sleep all day it'll be a different story

@bennos I'm in Sydney as well (Near Cronulla). You will learn stuff from everyone unfortunately it comes with a large cost and little learned. Tims teaching is messy, overpriced and he isn't good at teaching. IU has very clear explanations on things but doesn't explain as much as they say they will at the start of their DVDs. Almost seems rushed at times. I personally would try Superman for a few months if I had the spare cash but I think I'm fine at trying it myself for a while. I'd be happy to

chat more via email, phone or in person: mtsharky@hotmail.com

Good to hear from you @mavrick41 I know what ya mean. As it is I've invested a lot of time with Tims strat so for now I'll keep going with it. My paper trading has been really good so I just need to stick with it for a while. Eventually ASX and Options would be something to learn. Right now though I'm trying to research which stocks to play with. You seem to know other strats about stocks I have no idea about.

Getting Divys sounds good yet something I still don't know much about.

your starting out on a much harder strategy with low chance of success even for experienced people its a tough high stress game and too many scammers in the industry because actually over 90% of traders lose I started over 20 years ago then got trading options biggest winner was 17 k never matched it again then trading cfds shares but I realize now the easiest and safest game is buying strong companies with a dividend for some income adding to the position regularly and adding some covered calls

I just sold calls over ncm got 6% for 5 mins work beats watching tiks go up and down and stressing range is between 3-6% a month call premium you can replace a wage with 50k

you could trade with cfds tons of markets and easy in out and no bs rules

Wow, what the heck. Is this OX?

CFDs look good @mavrick41. Did a bit of reading on it. You can also purchase far more shares like options. Man, its a good week for trading and my broker seems to have decided to ignore me. My luck...

I have an account with igmarkets and cmc markets you can also do spread betting and thats tax free

Green candle

But you need a few ones

2 of medium size

Just had a read of this strat @sentinelgroup.com.au. It's very interesting. My friend at work knows tons on Options. Ill ask him about it. Looks like if you buy a big chunk of shares cheap you could go to town on it.

I dont have any links I didnt learn it from the net I did many courses and years of pratice and trial and error covered calls are fairly simple and low management with about 3-5% returns per month not the big so called returns on trading but that is if u can get em at least this way u hold a big blue chip shares and if u got 50k theres a wage of 1500 -2500 a month more than enough for thailand

Cheers Mav. I was just after some definitions to understand it better. Investopedia had good explanations. It's a good plan and something i'll look into as well later thanks to you. I'm not greedy, just want to stop the "9 to 5 career" thang.

thats the way same as me i aint into materlistic crap i just want income for freedom and travel,also if you go to asx.com.au they have some examples least you can learn for free i paid thousands to learn what i know,bhp and ncm pay some of the best call premium and ncm is going really good now and will be a great long termer for me

as far as im aware its 2k min also dont put in market orders put in limit orders as it jacks up the margin requirment.what stock you shorting?

Sorry for late reply - Went to bed. Jeez you're hardcore trader! Ha. No I don't use Market only Limit. Ticker I don't remember but price was $7.6. Attempted to short 100 shares and said I require $31000 in the bank. I'll add more funds later. Just curious about the 3k.

edit: 31k

Talking to mate at work he said the 31k is just a margin call. In other words a backup for OX encase I blow my short and I owe them da monies. Thought so. Always good to double check.

I think Prestomango is talking about 2nd Level. Watching multiple Asks\Buys on the fly. Darn good question and I can't find it. With other brokers you have to pay for it. I hope its another windw I can move to my other monitor.

so you use yahoo as a your primary market scanner then? my 2nd level isnt authorised yet coz apparently im a "professional trader" aha hopefully will get it changed and unlocked soon

Yep, http://finance.yahoo.com/market-overview/

I have a blog on opening 2nd level. Its not as big as other brokers though and not 100% how to use it effectively.

my sleep pattern is screwed i work shift work and literally every week has days and nights this week was our small 4 day week mon,tue dayshift then wed,thurs nightshift all 12.5 hours then i get 5 days of starting tomoro morning so im already all over the place. trading opens up at 11:30pm where im at

i wouldn't quit work for trading its like gambling i have done it for many years and very hard to rely on and very stressful if you do,my main strategy is a long term portfolio with some options and only taken certain trades it aint worth the risk or the time you put in it and beleive me i have learned it all

Good ol' Perth. Ha! I'm in dirty Canberra. I made my own Watchlist tonight. Took hours. Should be a fun night. Time for bed.... ZZzzz. Be sure to catch up on your rest.

@mavrick41 Thanks for the headsup. I'd like to concentrate on learning as my course runs out in 4-5 months. Finding work isn't a big deal for me but I would be giving up a well paid job (if a daily job can be considered as such). Come Sept I could very well be looking for another proper job.

unlucky...maybe if your position were larger you would be up? o.x approved my account obviously now just waiting on the margin account to be approved

ive just been following nathans twitter and a couple he mentioned last week were gainers around the 40% on thursday alot of action it seemed then come friday most went down just an observation.

O.X fee's seem to be $5 to $10 per trade. Not much at all considering fees for other brokers can hit around $80 per trade. I've heard some pro's state "it doesnt matter the fee price" but it does if you're new and trying to get your feet wet (like me!!!).

@mavrick41 Tim trades often and he isn't afraid to lose a few hundred or thousand. If you can't do that I wouldn't copy him. He also buys a lot of shares. Setup a Watchlist, add some alerts and follow those. Have a plan before you trade. I need to get my experience up so I don't sound like a know-it-all noob haha. Thats my plan anyway.

Alerts are all well and good but if you don't know the company Tim is tagging, it's history, why its tickers are moving the way they are etc then trading can be dangerous. Still, can also be profitable! Ha. Training myself to find my own stuff.Tricky.

@mavrick41 can messenger chat allow multiple people?

im not sure

there charts can do multiple charts up to 9 just go to tab then grid view handy for monitoring a few trades on a 1 min time frame like tim does