Good afternoon QBLers, big effort today, and we are trading nicely with some profit hopefully for a few of us on here closing out @0.79. Well done to those who walked away with cash in their hands and well done to those who have held today.
Earlier today, I mentioned to the group that I would tell you all the reasons why I post the type of posts I do, and why I am happy to do so, within legal trading and following HC TOU's, without coercion. (I am posting the same in EVE)
So here is my "Call it as I see it"post.
[Please choose to ignore my comments if you disagree. Comments are not given as direction for investment. I am not a professional investment strategist. Never use my posts or comments in place of your own research. Investors are responsible for their own investment decisions!]
So with that out of the way, this is my story for the past month, and will state my reasons for why I have been happy to research and post for the forum, in general to benefit all of us (legally).
There are two main reasons why I post.
1) After doing solid research I find speccas that have good fundamentals. I investing in strong sectors and the stocks have good volume so the two stocks I have chosen I believe have the best potential to increase my earnings.
2) Based on the fundamentals of the company and no bad ANN's I believe in posting information for the collective good of both the stock and shareholder base. I try and post FACTS ONLY and keep as neutral as possible.
The big question many may be asking and some have asked already : If he isnt getting any money out of this why he is going to all the trouble to help people other than for some unknown agenda; people just dont that sort of thing these days????
MY ANSWER: Yes they do! You just don't see a lot of it in Australia unless someone is in crisis.
SOME BACKGROUND: In an earlier post I mentioned that I had studied the markets of China, Japan, America and Australia. I said that China and Japan, in particular , and to some extent the USA, traded differently to Australia. I also mentioned the "Tall Poppy Syndrome" that plagues Australia.
Getting to the point - I have studied Chinese history and culture for well over 20 years, I have many Chinese friends, and I have seen them both trade and gamble. It is a sight to behold. People, in Australia, often wonder how the Chinese have been able to gather their fortunes so quickly and have millions to spend. It is simple: They work for the collective good so that the individual benefits. They might not know each other but when they trade they move as one, when they gamble they move as one. They have flourished in a Democratic setting. If they get out of something it is also done surgically and strategically, for the most part. When the pattern changes or the stock has bad news they are all gone. That is a buzz to watch, but also carries its dangers, but you cant deny their wealth portfolios.
Australians, for the most part, just work for their own interests and are not necessarily comfortable help others with improving their fortunes.
CONCLUSION:
I just felt that as I have found a good charting method and know how to research, I would apply that "good will" to the two forums. People were free to ignore or accept my posts. But I believe as the forums have become more calm in conversation, people are doing much better with trades , are willing to do more research and check posts rather than criticise, and the stocks seem also to be doing better in this environment. I really believe that when we all help then, like the chinese, the collective good benefits from the calm and good behaviour. It also allows more accurate and truthful research based on good trading fundamentals of a company to be presented and discussed...My own trading philosophy is that I dont follow, post or invest in dodgy bros. stocks where CEO's pay themselves huge salaries and burn through s/h's cash. I also dont invest in stocks where the social media forums are toxic. The charts for performance on those are like the Himalayas mountain ranges. IMO.
So that is it.
Back later with my wash up charts.
Cheers....59
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