Share Trading Blogs

I’ve read the preface, Chapter 1 and Chapter 2 and I’m thinking the plot of this book is very much like the movie with Eddie Murphy and Dan Aykroyd: “Trading Places” (it also features the young Jamie Lee Curtis). Trading Places is a movie from the early 1980's (1983 to be exact) and revolves around a bet, social status, the question of nature vs. nature and trading the commodities market. The movie's plot is as follows:
I visited the Property and Investment expo (+ Franchising) at the Darling Harbour Convention Centre last weekend. It was a rather sad affair for the “share trading” portion of their show, but it was boom time for franchises and property. Going there, you wouldn’t even suspect that there is a global meltdown from the subprime mortgage fiasco. Many property managers and developers were on show as well as plenty of mum and dad franchises like vending machines, small luxury food chains as well as other luxury services. But I was there for the advertised “share trading” section.
Here is an article about a gambling addict who lost $30 million and is suing the casino for it. Imagine if you, the trader, can sue the house – the stockmarket for any huge losses. There'd be no markets since losers would continually sue the markets. Trading may be gambling but any losses incurred are totally your responsibility.
Forex Trading
Latest Feature Trading Blog

What the Turtle Trader trading book does is question the age old debate between nature versus nurture. Do genetics and people’s innate qualities predetermine someone’s success in the markets? Or is it someone’s personal experiences from learning, interaction with peers and direct personal practice with trading the markets determine success?

I was asked recently about what they should do when you are trading and come up with a major loser of a trade. A major losing trade is a trade which you just let go to run its course. It is no longer part of your trading portfolio but has migrated into your investment portfolio by default. Instead of cutting your losses short as every trader should do, by calculating the exact stop loss level to exit at, you held on with hopes that the price will reverse and start heading the direction you wanted it to go to.

Like many of those who are engaged in this kind of trading business, I strongly believe that we are presently in the super cycle of the global commodities as we generally see the commodity prices upward trend that is expected to remain the same way for at least 10 years. This is important to keep in mind before we can really examine the different factors that influence the trends of the global commodities. While we may corrections that are only short-term, the substantial growth in the trend is still ahead of us.

This will be a “live book review” of the “Complete Turtletrader” by Michael Covel. What's with the sideway's book cover? Well, this book will definitely change your perspective! I will be jotting my thoughts and impressions of the book as I read through the chapters of the book and highlight some notes for my (and your) benefit.
Trading Psychology
Trading News Feature

It is a bear season in the stockmarket and gold miners are prospering. The possible US recession is the most probable main driver. Gold is seen as the best hedge against both the US recession and the US dollar currency weakness. Gold has returned a neat 20 percent return compared to the S&P which has declined 12 percent. Market commentators relate the current action in the market to what happened during 1979-80, when gold prices trebled within a matter of few weeks. A Fed Reserve rate cut would surely propel gold to new high price levels.
Forex and Other Markets
Winners & Losers
Australian Business News
Investors and share traders at the Australian stock exchange are cautious before the introduction of new budget to be introduced on Tuesday. Traders also fear yet another surge in crude oil prices and problems in the financial markets. Thus, they would be more focussed towards the domestic events in coming few days.
The global media conglomerate reported a healthy third quarter profits. Most of the profits have been attributed to the growth in advertising revenue at Fox News and Fox Channel that pertain to its broadcasting and newspaper assets.
National Bank of Australia has reported an increase of 25.8% increase in its profits to 2.7 billion in the first half. The net income for the bank rose to AUD 2.69bn in 6 months ended March 31. The stocks were also traded at three months high in Sydney trading. NAB’s shares rose $12.4 or 4 percent to $32.24. The strong results were attributed to strong lending and deposit growth. It also included one time gain from Visa Inc.’s initial public offering.
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Date added 09-05-2008 - Allco Finance: The Best Performer for Week 13 of 2008
Date added 29-03-2008 - Energy Resources of Australia (ERA) Worst Performing Shares for Week 13
Date added 29-03-2008 - Best Performing Shares for week 12 of 2008
Date added 22-03-2008 - Allco Finance: Worst Performing Stock for Week 12 of 2008
Date added 22-03-2008 - Financial Services: Worst Performers for Week 10 of 2008
Date added 08-03-2008 - Best Performers for Week 10 of 2008 - Mining Companies
Date added 08-03-2008 - Worst Australian Stock Performers for Week 8 of 2008
Date added 23-02-2008 - Best Performing Stocks for the Week 8 of 2008
Date added 23-02-2008 - 65% Iron Ore Price Increase Agreed
Date added 18-02-2008 - AED Oil: Winner for Week 7 of 2008
Date added 16-02-2008 - Boom Logistics: Worst Performer for Week 7 of 2008
Date added 16-02-2008 - Macquarie CEO Alan Moss Retires
Date added 05-02-2008 - Australian Interest Rates Rise Again
Date added 05-02-2008 - Queensland Gas: Winner for Week 6 of 2008
Date added 04-02-2008
- National Australia Bank (NAB) News Update
Date added 12-05-2008 - Rio Tinto Ltd (RIO) Todays Update
Date added 12-05-2008 - Westfield Group (WDC) News Today
Date added 12-05-2008 - National Australia Bank (NAB) Update
Date added 12-05-2008 - Australian Banking Sector Update
Date added 12-05-2008 - Australian Resources Weekly Update
Date added 09-05-2008 - Australian Equity Strategy Review
Date added 09-05-2008 - Macquarie Infrastructure Group (MIG) Update
Date added 09-05-2008 - Westfield Group (WDC) Todays Update
Date added 09-05-2008 - National Australia Bank Limited (NAB) Technical Update
Date added 09-05-2008 - Update on Australia's Equity Strategy Vs The World
Date added 09-05-2008 - Worley Parsons (WOR) Results Preview
Date added 09-05-2008 - Asciano Group (AIO) Todays Update
Date added 08-05-2008 - Origin Energy Limited (ORG) Update
Date added 08-05-2008 - Suncorp-Metway Limited (SUN) Review
Date added 08-05-2008

