FREE Websites for Trading / Investing

[joules mm1]

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https://www.elliottwave.com/Free-Events/Fre...1112sub%22catch


free actually means free


#fillyerboots


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[tideishigh]

I am trying to find a free website that will give me the Market Average P/E and Div Yield. The Financial Review prints it in their weekend edition but the FR is not available where I live and I can't find this info on their Website. I would really appreciate any help.

Thanks T

[mistagear]

In Reply To: crystal's post @ Jan 4 2011, 09:52 AM

Mick,
I enter all my trades using volatility, figure max risk using volatility, my targets are volatility based and position size definitely depends on volatility.
If you want to chat on any of above, IM me.

Cheers, M

[crystal]

In Reply To: mistagear's post @ Jan 4 2011, 08:57 AM

thanks MG

rather than trade using volatility ,i was trying to work out his position sizing technique

cheers mick

[mistagear]

In Reply To: crystal's post @ Jan 4 2011, 06:56 AM

Mick,

Cant remember what volatility formula Tharp uses, my method is probably something similar that I stole from his calc.

I take the current reading of 14 period ATR and divide by the current price.
That gives you a % number which allows direct comparrison of volatility, one stock to another, regardless of price range

eg currently ,

BHP's 14ATR =$45.25 / $0.575c ATR = 1.2% volatility
AWC's 14ATR =$2.48 / $0.07c ATR = 2.8% volatility
Materials Index = 14080 / 135 ATR = 0.95% volatility

When looking to trade volatility, you can compare stock against stock, stock against index or index against index to find the best trade to suit your plan.

maybe not Van Tharp, but it works ok.

Cheers, M

[crystal]

In Reply To: Tylergold's post @ Jan 2 2011, 07:43 PM

hi all

thanks for reminding me of van tharps book ,stuck on the office shelf

although i am still having problems relating the percentage volatilty to stocks

as his examples are for futures contracts

maybe someone could clarify it for my tired old brain

cheers mick

[Tylergold]

In Reply To: rule303's post @ Jan 2 2011, 05:20 PM

Rogers formula is a manipulated version of James E Walter's. Ill give an example
WOW= 1.60 earnings 25% ROE 10% DR 1.15 Div
(1.15+(2.5*(1.60-1.15))/0.1
He has taken this formula and manipulated to make it look obscure & advanced
Look, its obvious when something is cheap, the hard part is working out if it has a durable competitive advantage.
He talks sense but i wont listen to him blindly, i'd like to see his overall performance

[rule303]

In Reply To: 29101971's post @ Jan 1 2011, 10:04 PM

29101971

Thanks for the links. I am interested to hear more from anyone who uses this one (or read the book):

http://blog.rogermontgomery.com/ value investing

Hi 29 i have read it, its interesting a rehash of other principles on value investing, another point of view on valuing companies but still to be taken with a grain of salt. I remember one post he made on his blog after he released his first run of the book, that he does not follow his book as he has other parameters, he lost all credibility at that point, now its become a bit of a cult following & when he releases picks on the eureka report for paid subscribers he releases his views days later to the blog audience. YEAH YEAH he has found a few winners but, he is running a business expect software within the year. But if people want to follow they would do better than a managed fund.

As for the valuation concept presented in his book, Ive created a spreadsheet played with it & at times it makes no sense, someone smarter than me who has a greater understanding of valuing a company would be appreciated, from what i have seen their are major limitations.

Of note
http://www.hubb.com.au/sherpa/default.asp

NOW their is interest Sherpa pt 2, sorry to be cynical

[mistagear]

In Reply To: arty's post @ Jan 1 2011, 10:17 PM

Hi Arty,

You mentioned "Expectancy". The guy who coined the phrase, along with "Position Sizing" is Dr Van Tharp. For me it changed the way I approach my trading, was the second most influential concept which saved me from going broke. Without Van Tharp for money management and Richard Wyckoff method of Reading market Sentiment for Trading/Investing, I would NOT have survived.

At one stage, I had an 80% win/loss ratio yet had lost money, whereas now I have Positive Expectancy as long as my W/L Ratio remains above only 34%.
These two Authors have changed my life.

Maximum Drawdown.. is another subject which warrants serious consideration. Also available at Van Tharp

Link to Dr Van Tharp's site
http://www.iitm.com/

For Wyckoff/VSA, links given prior post, others on the VSA thread.

Regards, M

[arty]

Great Topic again!

As the emphasis is on FREE, I can recommend one charting program that really is incredible:
http://www.incrediblecharts.com/
Another free charting site with free international data is -
http://bigcharts.marketwatch.com/interchar...t.asp?symb=djia

Those aside, I subscribe to trading and T/A software that gives me more sophisticated real-time data, but they're not free.
But my list of educational charting sites is pretty long. Here is a small sample:
http://www.asx.com.au/research/charting/library/index.htm
http://www.bollingeronbollingerbands.com/methods/
http://thepatternsite.com/CandlePerformers.html
http://www.hotcandlestick.com/candles.htm
http://www.leavittbrothers.com/education/technical_analysis/
http://www.leavittbrothers.com/education/chart_patterns/
http://www.leavittbrothers.com/education/c.../bull/index.cfm
http://www.sharescene.com/uploads/post-16-1217234863.jpg

News and views: Colin Nicholson
http://www.bwts.com.au/
Fairfax Tradingroom isn't bad either:
http://www.tradingroom.com.au/apps/index.ac

http://www.charttraders.com/ links to scores of other sites with relevant information.

On another Forum, I recently got edumacated in "Expectancy". It may not be on the top of every trader's list of priorities, but this article explains what it's about: http://tradermike.net/2004/05/trading_101_expectancy/