"SHARE TRADING" strategies ,thoughts , ideas- why I love to pay TAX

[JBmurc]

thanks to the PM's from novice traders out there ....honestly post on here!! and let's get the thread moving and hopefully drag in few legends of the trading game into the thread ...

right to work (second day after minor surgery)am on drugs so hopefully don't stuff it up too much.....love the edit

#1 -how I find shares to trade------anywhere and everywhere but mainly>>>>

Most of the time I original come across the shares on Sharetrader or Hotcopper(ASX share forum)
On HC the "ASX - Short Term Trading" thread is really good to bring to light some very good short term options at times ..

then as the years past your find your watchlists get full and you have a great memory of ticker codes to refer back to going forward,,,

Now with "Sharetrading" you don't have the time to sit back and do days of study before finally deciding on price your'd like to enter as your planning on holding for longer term much more factors come into play like divi yields ,longer term outlooks etc

More so I want to look at the basics of MICRO and MACRO factors of the company in question ...basically what the mgmt of the company has direct control over and what they don't >>>

MICRO- cash backing -shares on issue - admin costs- assets -market cap - top20 holders -forward plan(qtr outlook)- mgmt experience-chart trends,depth volume-

MACRO- market sentiment towards the sector you're trading in ...prices of the resources - products what's the trend,, what time of year
MAY JUNE great time to buy tax-loss selling pressure on the ASX ...

Now as a trader you usually stick to sectors you have a interest and history in as it cuts down on time studying the MARCO's

i.e-- you're looking over ASX Aus Gold producers .... you already know the higher than average AUD gold price and cheaper energy (low diesel costs) over the last many year ... and value given on peers in the sector so it's much easier to see a good value...

So you're general confident on the Macro ....the first two micro's I'll look at is --- DEPTH and 1yr-6 month Chart

example T/A on MCR (nickel, Gold explorer soon to be producer)

as we know tax loss selling mainly in june MCR volume picking up till cut-off date in late JUNE
nearly always see a bounce once that pressure releases

the chart green line 30day and redline 60 day moving average always bullish when the SP crosses these points

the depth chart as we can see a wall of Buyers keen to get on board ,,,holders less keen to put up there shares for sale (if you find many gaps in the offer is also a great sign)