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New Year Trading Resolutions and What did you learn Last Year (2004)     

zarif - 01 Jan 2004 13:16

What did you learn last year,Memorable experiences Good /Bad,Lucky trading escapes and windfalls.What are your trading New Year resolutions,Goals Ventures etc.

Fundamentalist - 03 Jan 2004 22:30 - 5 of 7

This year I have learnt:

Never leave a spread bet on the dow open over the weekend (especially if the US are going to capture their no. 1 terrorist target that weekend).

There may actually be some benefit from understanding technical analysis (i'm still a beginner though)

TA is not enough to invest on (though maybe to trade on) - the fundamentals still need to stack up

You cant hold AIM stocks in an ISA

Never automatically believe opinions on BBs - always DYOR

Beware rampers/derampers

Follow BB posters comments over a period of time before you start to believe them (and still DYOR)

Always expect the markets to do the unexpected! or atleast believe that it can - nothing is ever certain with investing

If theres something you need to know but can't find - post as a question on this BB - there is a wide array of knowledgable people on here and invariably someone will know the answer or at least where to find it - and most will go out of there way to help if they can


What am i going to do this year:

Get Broadband (the order is in)

Better understanding of TA (from a course)

Make sure I attend some of the NW traders nights out


zarif - 05 Jan 2004 15:12 - 6 of 7

Fundamentalist:
Good on you -knowledge in any form is useful and even better if you can dissipate it then there is more room to acquire more.

rgds
zarif

nw nights are a must as u can exchange ideas/learn also great fun with like minded traders.

Fundamentalist - 05 Jan 2004 15:20 - 7 of 7

i'm learning even more this year already - one of my holdings is Skyepharma, who have just issued a nice profits warning. i still have strong belief and see this as a buying opportunity, but this could be a bit of a rollercoaster for the next few months!
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