Most share traders try to find a system that is right most of the time. As a result, they spend their time alternating between being a marginal winner and a marginal loser, and searching for more superior systems. Successful trader and author Nick Radge argues that it does not matter which indicator, time frame or software package is superior - they are nothing but tools. What does matter is minimising your losses and maximising your profits. In Adaptive Analysis for Australian Stocks, Radge explains how to use price action to make the most of your winning trades and, importantly, to quickly recognise a losing trade and exit your position. Radge breaks down and provides new insight into common market theory, including Elliott wave theory, micro patterns, risk management and exit strategies. This theory is then applied to the price action of Australian stocks, always with the same focus - making more when you win and losing less when you lose.
Ideal for traders wanting to learn the intricacies of applying technical analysis to real world trading. Nick Radge explains how to use price action to make the most of your winning trades and, importantly, to quickly recognise a losing trade and exit your position. He provides new insight into common market theory, including Elliott wave, micro patterns, risk management and exit strategies. Nick Radge shows you how to manage your trades – how to get costs down, how to cut your losses and let your profits run. Trading is about making money and Nick Radge shows you how to skew the numbers in your favour. “At the risk of over-selling this book, it is simply outstanding.” MRed on Amazon
Investors select shares in a number of ways. Some buy for ?income? and choose shares that pay good dividends; others try to buy ?cheap? and purchase stocks with low P/E ratios; some only buy Top 200 stocks while others go for the small caps. Wouldn't it be great to test these strategies and find out which really work and really work in Australia?Inspired by James O'Shaughnessy's ground-breaking research, written up in his best-selling book, What Works on Wall Street, local authors Matthew Brooks and Paul Nojin decided to test the performance of investing strategies in Australia to find the ultimate share investing strategy. Using all the data available on Australian stocks they conducted their own extensive quantitative analysis over the period of 1995 to 2009.In Stock Market Strategies That Work in Australia the authors have done all the hard work for investors. They communicate the results of their research in easy- to-understand language and round off each chapter with a ?What to Remember? wrap up. ?What to Remember? about the whole book can be encapsulated below:This simple quantitative strategy beat the All Ords by 11.03% per year-You don't need to be a stock market expert or spend countless hours analysing financial statements to dramatically improve your chances of beating the market over the long term-What works in the US does NOT always work in Australia-These results possible from quantitative investing, are truly remarkable.Authors Matthew Brooks and Paul Nojin are pioneers of quantitative investing in Australia. Matthew Brooks has a Masters in Economics with Honours from Sydney University and has worked as an investment strategist and economist with leading institutions. Paul Nojin studied economics at university before starting his career with Bankers Trust. Together they produce The Super Investor Report www.TheSuperInvestor.com.au which has helped thousands of Australian investors achieve a better result in the share market.
In recent years, Australia's rate of share ownership has become one of the highest in the world. If you want to discover just what all the fuss is about, this book ?an all-in-one introduction to investing in shares on the Australian stock market ?is essential reading.Comprehensive and user-friendly, Introducing the Australian Stock Market highlights the issues of share investment in the order that they would naturally arise for the market newcomer. Over two parts, Adam Steen and Keith Kendall examine: * shares ?the various types, and how and when to buy or sell them * stockbrokers ?choosing the best one for you* the ASX ?what it is, how it came about and how it operates* stock analysis ?both technical and fundamental * taxation and law for share investors ?including dealing with dividends and imputations credits* derivatives, IPOs, indices, sectors, risk management, and much more.Introducing the Australian Stock Market is practical and logically laid out, and is specially designed for the market beginner.
The Australian Share Market for Beginners book is a guide for new investors who want to start trading in the Australian shares. The book aims at creating enough understanding of the stock market to help you make your first trade. In this book you will learn: -What are shares? -What is ASX ? -What is an index ? Think All Ords -How to trade online? -Brokers and brokerage -LIC's and ETF's & more...
Economic and financial theories postulate that stocks should provide a hedge against expected inflation. Since the work of Fisher (1930), there has been on-going empirical investigation into testing the relationships between stock price indices and consumer price indices, in levels and first differences. The findings of these investigations are mixed. One concern is that the methodological issues associated with these studies are not adequately addressed in the literature. The main contribution of this thesis is to identify and improve upon the weaknesses of some of the methodologies employed for testing this relationship and apply the improved methods to Australian data. This thesis conducts investigation into the short run and long run relationships between Australian stock and consumer price indices, in levels and first differences, using bivariate and multivariate frameworks. In addition, this thesis examines, whether or not, the major monetary policy change introduced by the Reserve Bank of Australia in January 1990, has had any significant influence on these relationships. During the period leading up to this change, Australia experienced a high inflationary environment. Using the quarterly data for the period 1969 to 2008 and employing vector autoregression (VAR), autoregressive distributed lag (ARDL) models and bootstrap methods, this thesis presents robust statistical inference on the relationships between stock and consumer price indices. A review of the literature suggests that previous empirical studies investigating this relationship paid inadequate attention to improving the statistical inference on the long run parameters. This thesis makes two major improvements to the methodologies used by previous empirical studies: one is the construction of bootstrap confidence intervals for VAR impulse responses. The other is the estimation of the long run model parameters that are nonlinear functions of those of ARDL models by employing bootstrap methods. Traditionally, OLS and delta methods are used to estimate these long run parameters, although the latter method is known to work well only with large samples under normality. Such strong requirements do not appear to be satisfied for the empirical models studied in the thesis. Here, a bias-corrected bootstrap method for estimating long run model parameters and their confidence intervals is adopted when the normality assumption is violated, and the wild bootstrap method is adopted when both normality and homoscedasticity assumptions are violated. Based on the VAR impulse response functions and bootstrap confidence intervals, this thesis finds that there is a short run negative relationship between stock returns and inflation. The long run ARDL model estimates indicate that the real stock returns are independent of expected inflation, suggesting that Australian stocks constitute a good hedge against expected inflation. Furthermore, the empirical results indicate that the relationship between stock returns and inflation is not affected by the major monetary policy change introduced in January 1990. No evidence of a long run relation between real stock prices and consumer prices was found for the more recent low inflationary period. Based on the empirical evidence presented in the thesis, the overall conclusion is that Australian stocks provide a hedge against inflation, from which domestic and foreign investors can benefit.
The definitive guide to buying blue chip shares on the Australian stock market Designed for DIY investors looking for simple, practical, low risk strategies for managing their blue chip shares, Invest My Way: The Business of Making Money on the Australian Share Market with Blue Chip Shares is perfect for anyone interested in either trading or investing long term in Australian blue chip shares. Written by respected trader and market educator Alan Hull, the book provides readers with a unique, holistic investing strategy for managing blue chip shares to optimize both capital growth and income (dividends). Beginning with basic coverage of managing blue chip shares, the book also includes invaluable information on managing portfolios as well as offering advice on when to buy, sell, and accumulate stocks. In-depth and comprehensive, Invest My Way is the latest instalment in Hull's collection of investment texts—including Active Investing and Trade My Way—which, taken together, provide readers with a complete stock market solution. Presents a unique new strategy for making money with blue chip stocks Author Alan Hull is a respected, well-known trading and investing expert Walks readers through the entire blue chip investing process, including building portfolios with maximum capital growth and returns The third instalment in Hull's complete guide to making money in the stock market, following in the footsteps of Active Investing and Trade My Way Essential reading for casual investors, including baby boomers, retirees, SMSF trustees, and anyone else interested in trading or investing long term in Australian blue chip shares.
What’s the fastest way to lose money? Follow the herd. Nick Radge stopped following the herd many years ago. As a trader and stock broker, Nick learnt to recognise what the herd were doing and how they react to financial information. He also realised that it made no sense. Are you one of the herd? Here’s a test: If a stock’s price is falling do you think it represents good value, i.e. it’s cheap? OneTel and HIH were not cheap when they eventually delisted in 2001. ABC Learning was not cheap when it delisted in 2008. How about Bear Sterns, Lehman Brothers, Trump Entertainment or Kodak? Billabong does not look cheap at the moment! A stock price in motion tends to stay in motion; Unholy Grails will show you how to be on the positive side of this statement. Nick Radge is focused on momentum investing; purchasing stocks that are trending up. Nick shows you how to hitch a ride on stocks in an uptrend or protect your capital during sustained bear markets. Unholy Grails goes against almost everything your stock broker, financial planner and your fund manager will ever tell you. Considering that in 2008 capital managed by fund managers dropped up to 50% we are in desperate need of an alternative way of thinking. In Unholy Grails, Nick Radge details a road less travelled; a compilation of practical strategies for investors looking for long term gains with minimum daily effort. “I am shocked that so many Mum and Dad investors were financially and emotionally battered during the GFC. The financial planners and fund managers they were relying on for advice gave them no advice: just the same old ‘buy and hold’ strategy that simply does not work in a collapsing market. In Unholy Grails I define specific strategies for investors, allowing them to manage their own investments and stop paying fees to financial planners and advisors,” said the author, Nick Radge. Whether investing for your retirement or using an active investment strategy to manage your personal wealth, Nick Radge examines and tests numerous investment strategies to help determine the right one for you. Don’t expect the same old, worn out advice from Nick Radge. His latest book is not called Unholy Grails for nothing!
One of the most common phrases expounded by so-called market experts is, 'Nobody rings a bell when the market tops or bottoms'.Pauline Novak-Reich disagrees.In The Bell Does Ring! Timing the Australian Stock Market with Gann and Elliott, Pauline shows how the art of timing is vital to improve the bottom line of all share traders. Using an understanding of cycles, chart analysis and a number of techniques derived from the work of W.D. Gann and R. N. Elliott, Pauline outlines how markets can be traded for maximum profit. The wealth of information covered in this book includes: the historical cycles of boom and bust chart analysis and pattern recognition the Fibonacci sequence and its role in support and resistance levels Elliott's wave theory Gann's 'price and time squaring' and the theories behind the 'square of nine'Picking market tops and bottoms is the key to maximising share-trading profits. This book shows how you too can recognise the signals and hear the bells in the marketplace.
Written by an experienced chartist and technical analyst, this guidebook is designed to assist the investor on the Australian Stock Exchange. Gives the reader a basic knowledge of technical analysis and thus an enhanced ability to understand how the market moves and how it is likely to move in the future.
