My First Investing/Trading Books

When I was learning about investing in the stock market, I needed books for more information. There are a lot of free pdf on the web but the books that I like, I want to have a hard copy of it so that my children maybe can read it someday. Maybe that will be the legacy that I'll be leaving them. I want them to know money management as it is very important. If only I have known that when we were kids, maybe I have chosen a different path. So, I went to check the bookstore and EXPENSIVE!! I searched for online bookstores that offers affordable books like amazon and I found at about BOOK DEPOSITORY. These are my first books. Jesse Livermore's Methods of Trading in Stocks - Richard Wyckoff This was my first ever book about trading. It has only 32 pages and can be read in one sitting but full of information. It tells about how Livermore's preparation before and after trading, money management, news, stocks to trade and pyramiding.   How To Trade in Stocks - Jesse Li

Australia: My Experience With The Stock Market - Part 3

Now that I found a broker, I need to know how much I can put to the account and what companies to buy. 

I remember when I was trying to look for that holy grail in trading and I came across this – “ Buy companies that you are familiar with” and guess what …..

My first ever stock in Australia was WOW.... But did this make me WOW? Let’s see:

WOW is Woolworths Group Limited which operates retail stores. It operates through Australian Food, New Zealand Food, Endeavour Drinks, BIG W, and Hotels segments. The Australian Food segment procures and resells food and related products to customers in Australia. It operates 1,024 Woolworths supermarkets and Metro stores. The New Zealand Food segment is involved in the procurement and resale of food and drinks to customers in New Zealand. This segment operates 180 Countdown supermarkets, as well as engages in the wholesale operations. The Endeavour Drinks segment procures and resells drinks to customers in Australia. It operates 1,577 stores under Dan Murphy's, BWS, and Summergate brands, as well as Cellarmasters, Langtons, and online platforms. The BIG W segment procures and resells discount general merchandise products to customers in Australia. This segment operates 183 BIG W stores. The Hotels segment offers leisure and hospitality services, including food and drinks, accommodation, entertainment, and gaming in Australia. It operates 328 hotels, including bars, dining, gaming, accommodation, and venue hire operations. The company was formerly known as Woolworths Limited and changed its name to Woolworths Group Limited in December 2017. Woolworths Group Limited was founded in 1924 and is based in Bella Vista, Australia. (source: yahoo finance)

The company is definitely profitable and has dividends (March and September) which is 30% franked (WOW!) so I bought a parcel at a price of $29. However, I had to let it go at a profit of 1%. Why? Jumped to another stock which I am now stuck 😫

Will I add it soon to my portfolio? Maybe 

I heard a news about construction to boom here in QLD (maybe due to their Olympic bid for 2032) so I bought a stock that is in that sector..

BLD... Boral Limited is a multinational company manufacturing and supplying building and construction materials not only in Australia but it also has operations in the US and Asia. 

The company is overall profitable and also has dividends (March and September) which is 30% franked. I am on DRP.

I bought the stock with a target price of $5.50 - $7. However, it went down. No stop loss was in place so I just added and changed my view to long term 😂. It reminds me of MPI (PSE), actually I feel like their movement is pretty similar.. hmmmm

Will I add more to average down? Yes, once I got that extra moola and price is still down up to $3.75. If not, then just wait and chill.

Price points: $4 > $4.50 > $5
Position size: 20% as of writing

The next stocks that I bought are quite interesting... 

If you are not comfortable with stock picking, you may consider this - PART 4.

👉 To know more about the 'stonks' I got into and errors that I made 😆, you can like and follow my group. Journaling all my trades may help me be consistent in it. I must admit I never learned from my past mistakes when I was investing in the PSE. 'Tigas ulo' 😤


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