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Share Traders - Your Top 5 Questions Answered

iStock 000007651615 261An insightful conversation with The Chartist's very own Nick Radge

1. How do I identify a list of stocks to work with? It can be done through riding with the clean and sustainable trends. Money can be made by following big swings or trends that lasts six to twelve months in time. This is similar to 2009 trend which are very profitable. Trading for the high beta stocks is also a good strategy. Know that clean and sustainable trends tend to be found to the ASX 100 through 300. Generally stocks under the ASX 100 are too institutionalized. They also tend to become quite choppy and back fill and does not show very sustainable trend. Above ASX 300 tend to become too volatile and illiquid and so you have to be balanced. Those trending stocks tend to occur in small ordinaries. And it's actually getting those newly-establish companies.

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  • Parent Category: Articles

Bang-For-Buck Trade Management Strategy

money blogNick Radge from The Chartist, a stock market newsletter, has been designing stock trading systems for 25 years. During this time he developed the Bang for Buck trade management strategy. In this article, Nick Radge explains why he developed the Bang for Buck and how you can use it to help choose which trades to take.

In the late 1990s, before the days of CFDs, when the market was extremely bullish on the coat tail of the U.S. technology boom I came across the problem of having too many trading signals and not enough capital to trade them all. I needed some type of filter that allowed me to have an educated guess as to which of the stocks might be a better performer should they both be winners. I named the filter Bang-for-Buck and it eventually found its way into the Metastock User Guide as well as several published trading books.

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Women and Financial Money Management

Trish RadgeWhilst it may be a generalisation, too many women leave the family finances to their husband to manage. As a result, if a couple split up, the woman often does not know how to access funds, how much money or assets they hold or if she has adequate superannuation, if any. Whilst no one plans to get divorced, with the Australian divorce rate currently standing at 40% it is wise for woman to play a role in managing the family finances.

If you are in a relationship where finances are shared then it is your responsibility to know what you own, where it is held and the names or entity it is held in. If you allow your partner to manage your affairs, at least get regular updates on your financial position - monthly when the statements come in is a good
time.

Ask questions. Keep a list of all accounts, assets etc in a safety deposit box or a safe, including how to access these if something should happen to your partner.

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Stock Market Training

How much should you pay for a stock market newsletter?Important points to consider if you are going to sign up to a stock market newsletter, advisory service or training course: Value for money. Whilst everyone deserves to be paid for quality services, if a product or service sounds too expensive, then it is. If you spend too much on trading advice, education or training you will erode your trading capital – i.e. your trading account. If a company uses a hard sell approach, you may want to question their validity as well. A quality trading newsletter or trading education service will only need to use word of mouth to get you on board. If their clients are happy they will tell their friends. There is a difference between trading and gambling. Which one are you being taught? Trading comes down to a few very simple rules – you make money when the market is going up, you lose money when it is going down.

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