Keith Law SA Fin

There are a number of tools I use in my trading activity. I am not receiving any reward for these recommendations.

• Quicken Home and business is the most important tool. You must have a comprehensive record of all financial transactions and I find this software gives an excellent result. I have a record of all transactions since 1994.
• Chaos software's Intellect personal information and email manager is great way to plan and monitor your daily activities
• I use Omnitrader as a technical analysis tool however it is a 2007 version. I'm not convinced that technical analysis is a sound trading strategy and this program is used for its visual attributes rather than its analysis. I use support and resistance levels, candle formations and trend lines for my analysis. I keep away from Elliot Wave and anything that mentions Gann. I use moving averages as seen in the charts on this website. These charts have a moving average of a linear regression with 7 and 21 period trend lines. The basic idea is to sell on a down cross and buy on an up cross. It is not quite that simple but is a good general guide.
• Commsec Iress is my preferred trading platform. I activate the program 15 minutes before market open and it runs in the background until close of market.
• I use a margin loan from Commsec. The advantages and disadvantages of gearing are well known. I monitor my position every day and ensure that I have ample collateral available. I was able to manage the loan through last years crisis without a margin Call