Damien. I'm also a recent accounting grad (last year) and started investing in feb this year. I'm only 22 and have put every cent I have + a loan into the market. Initially I had 0 clue to what I was doing, and lost a few $, I then started trading with trends and started to make a great deal of cash (and losses). I learnt not to get emotional about losses and make plans for trading. I.e stop losses, and never get greedy. Getting greedy often turned into losses or small profits.
I had a major in finance and accounting in Uni, and guess what: IT WAS USELESS! Paper trading was also useless as it takes balls to actually press "BUY - CONFIRM". Trading myself and learning from my mistakes was the best thing I have ever done, and taught me lots. I had around 30 trades in my first 4 months of trading (ranging from 2 to 20k per trade).
I also hold the dream to retire in a couple of years, and retire. I would much rather trade than make my boss rich and work hard (which i currently do + doing a CA). However I have stopped my day trading, took a loan out and invested alot into a couple of stocks, specs and near production stocks.
Assuming one or two of these stocks do well I should have grounds for retirement and become a trader.
Thats why being young is great! I have risked lots, if I lose it I will be upset, but there is always time to get more. Having a early retirement is very real with trading. I know several people who retired before 30 and have significan wealth. So do your research and prepare to risk 20,000 +. IMO if you strive for riches at a young age ASX 100s are a waste of time.
Open to thoughts :P
- Forums
- ASX - General
- ASX
- to those that trade and or invest for a living
to those that trade and or invest for a living, page-113
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
|
|||||
Last
$62.83 |
Change
1.610(2.63%) |
Mkt cap ! $12.18B |
Open | High | Low | Value | Volume |
$61.15 | $62.90 | $61.01 | $20.52M | 328.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1800 | $62.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$62.83 | 368 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1800 | 62.670 |
1 | 155 | 62.640 |
1 | 1800 | 62.590 |
1 | 2339 | 62.560 |
1 | 1800 | 62.520 |
Price($) | Vol. | No. |
---|---|---|
62.850 | 1062 | 1 |
62.870 | 475 | 1 |
62.880 | 100 | 1 |
62.900 | 3824 | 4 |
62.950 | 7 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |