trading guide for stock-trackyou can start trading. step 1: familiarise yourself with your profile...

5
ECU Joondalup Campus, 270 Joondalup Drive, Joondalup WA 6027 Trading Guide for Stock-Track Registration information? Registering for the competition will be easy. All you need is your laptop and internet to register and take part in the game. 1. You will be given the option of two links to register yourself in. 2. Simply click on the link that you wish to take part in Socialor Competitiveand start familiarising yourself with Stock-Track. 3. First you will need to create your own Stock-Track account. Fill in all relevant information. Some information is for the marketing of Stock-Track and irrelevant so do not worry if you are unsure of certain terminologies. Once the start date for the game commences, you will be enabled to make as many trades as you wish until the end date of the competition. You will receive a link to create a Stock-Track account. Fill in all the necessary requirements before you can start trading. Step 1: Familiarise yourself with your profile If you have questions regarding Stock-Track and your portfolio, you may wish to look for the ‘Help’ link. This will be very helpful and may explain certain concepts in greater detail and give you a better understanding of certain financial concepts.

Upload: others

Post on 09-Aug-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Trading Guide for Stock-Trackyou can start trading. Step 1: Familiarise yourself with your profile − If you have questions regarding Stock-Track and your portfolio, you may wish

ECU Joondalup Campus, 270 Joondalup Drive, Joondalup WA 6027

Trading Guide for Stock-Track

Registration information? Registering for the competition will be easy. All you need is your laptop and internet to register and take part in the game.

1. You will be given the option of two links to register yourself in. 2. Simply click on the link that you wish to take part in ‘Social’ or ‘Competitive’ and start

familiarising yourself with Stock-Track. 3. First you will need to create your own Stock-Track account.

− Fill in all relevant information. Some information is for the marketing of Stock-Track and irrelevant so do not worry if you are unsure of certain terminologies.

Once the start date for the game commences, you will be enabled to make as many trades as you wish until the end date of the competition.

You will receive a link to create a Stock-Track account. Fill in all the necessary requirements before you can start trading.

Step 1: Familiarise yourself with your profile

− If you have questions regarding Stock-Track and your portfolio, you may wish to look

for the ‘Help’ link.

This will be very helpful and may explain certain concepts in greater detail and give you a better

understanding of certain financial concepts.

Page 2: Trading Guide for Stock-Trackyou can start trading. Step 1: Familiarise yourself with your profile − If you have questions regarding Stock-Track and your portfolio, you may wish

ECU Joondalup Campus, 270 Joondalup Drive, Joondalup WA 6027

When logged in, this page will come up. Feel free to go through each section to gain a deeper

insight of Stock-Track. This ‘Trading Guide’ will only cover the basics on Stock-Track and to get you

trading.

Step 2: The Dashboard

When clicking on the ‘Dashboard’, you will be able to view a summary of all your purchases that you

have made.

You will also be able to see your Portfolio Value and whether you have made money or lost money

through your purchases.

Page 3: Trading Guide for Stock-Trackyou can start trading. Step 1: Familiarise yourself with your profile − If you have questions regarding Stock-Track and your portfolio, you may wish

ECU Joondalup Campus, 270 Joondalup Drive, Joondalup WA 6027

If you continue to scroll down, you will be able to see a ‘Ranking Snapshot’ which will show you how

you measure up against other participants. You will also be able to see your ‘Most Recent Trades’

and other relevant information regarding the financial markets.

1. My watchlist, can be removed and is automatically set for each individual.

2. Top Gainers, the list of companies who have performed the best on this day.

3. Top Losers, the list of companies who have performed the worst on this day

Step 3: Buying Stocks

1. When clicking ‘Trading’ go to the ‘Stocks/EFT’s/Cryptos option. This will allow you to make

trades in the stock market and you will be able to select which market you want to invest in.

2. You should automatically be directed to the ASX market. Remember that you will only be

able to trade during the stock market trading hours (10am – 4pm AEST.)

Page 4: Trading Guide for Stock-Trackyou can start trading. Step 1: Familiarise yourself with your profile − If you have questions regarding Stock-Track and your portfolio, you may wish

ECU Joondalup Campus, 270 Joondalup Drive, Joondalup WA 6027

3. Select the company symbol or name that you wish to invest in and the quantity of stock you

would like to purchase.

− Companies and their symbols can be found here.

4. After you have entered the quantity you wish to purchase you will need to go to the right

corner and select preview.

− There is no right or wrong amount you can select. If you feel confident that the stock

price will increase, then purchase more of that stock. If you feel that this purchase is

more of a risk, then purchase less of the stock.

5. This will come up, which is a summary of what you have purchased. It will give you the

current trading price, the quantity of what you ordered and the total cost of the stock.

6. When you are satisfied, you will need to add information in your ‘notes’ section. You can add

anything in your note section. For students selecting the ‘competitive platform’ can use these

notes to rationalise their trades. Once finished you can select confirm.

Step 4: My Portfolio

Page 5: Trading Guide for Stock-Trackyou can start trading. Step 1: Familiarise yourself with your profile − If you have questions regarding Stock-Track and your portfolio, you may wish

ECU Joondalup Campus, 270 Joondalup Drive, Joondalup WA 6027

When clicking on ‘My Prortfolio’ you will be able to see a summary of all the trades you have

completed. You can select different viewing methods in the form of “Standard View, One Day Chart,

30 Day Chart’ and ‘Year Chart.’

Selecting a stock

In the image above, one can see that the stock is currently trading just over $5.00, whereas October last year it was trading just over $12.00. Chances are that this company’s stock price may recover and experienced growth in the coming weeks. Take the following into consideration, the type of industry, whether the company is large or small in staff size and external factors that may implicate this companies share price. These are just some of the factors that you should consider before purchasing the company’s stock. If you wish to keep up to date with the financial markets search Bloomberg ASX, and Yahoo Finance. Unfortunately, there is no realistic way to ensure you will make money from investing in a certain company. Sometimes all you need to do is take the risk and invest in a certain company and hope for the best (Although we wouldn’t recommend this strategy).

Conclusion & Extra Tips

The guidance above should be able to assist you in getting started with the basics. Stock-Track

provides you with extra help and tips when you go to the ‘Learning’ section. If you require any

assistance regarding your Stock-Track account, you can contact the Stock-Track support team. If

you need more information regarding this financial game, please feel free to email us at

[email protected]