35854 replies to this topic

[Sunesis]

Be patient and pile in the shorts.

 

Short DOW 16450

 

 

[BBW]

It would be irrational to use any funds let alone Bond funds to fund a loosing position.. depending on your margin, I would suggest closing your shorts and letting your longs run.. this will allow you to hedge your loosing position

Thank you Playa, all my share  CFD positions are long. Did some adjusting of stops, closed one or two winning positions and with the help of the ALSI dropping a bit, my R100k margin deficit was sorted. Now already took 2 hedging longs. Also sitting with big loosing positions in NPN, PNC and ACL, but they've been solid today. My bond money safe for now; my back-up plan.

Edited by BBW, 31 March 2014 - 03:34 PM.

[Argento]

Me thinks US is breaking out and tomorrow's China manufacturing going to drive markets up..IMO!

 

NYSI is bullish!

 

A

[delta66]

Ocean, correct it's some time off.  wouldn't surprise me alsi breaks new highs in the interim.  have no position but when i go short it'll be off the next record high

[OceanWalz]

hey farouk..hope you well, been quite for some time. re: alsi have the same view on a correction tied to fed policy

Hi Delta, it makes sense , but is'nt that Fed policy on interest rates increase set vaguely for next year only? 

[delta66]

hey farouk..hope you well, been quite for some time. re: alsi have the same view on a correction tied to fed policy

[Argento]

Hi

A&O

Sorry could not reply earlier.

Note i am trading curriencies at present so not much time for charts.I do come to the forum from time to time just to see whats peoples opinion on the Alsi.

My opinion on the Alsi at present is bullish but its time to take money off the table.The market is getting tired at present highs and there is just too much off dumb money following into the Alsi.Shorters should keep an eye for a reversal candle on a change of trend soon.

The big picture is still bullish for World markets.The more they print the higher we go.At present there are talks from the Fed of increasing interest rates but so long as they don't make any confirmed decision then any pullback will be a buying opportunity.Here is a link below that everyone should study which is about margin debt.One could go back to previous corrections and study to see what happened.The only problem with this site is that it takes a month to update its figures so March figures will only be available end April.My opinion is wait for a confirmed Fed tightening monetary decision which should lead to a drop in margin debt as your trigger for a massive correction.

 

http://www.nyxdata.c...3153&category=8

 

Happy trading and all the best

Farouk

Thanks Farouk!

 

Agree on waiting for that bearish weekly reversal candle for confirmation..until then I'm staying long, got a possible PF count (diamond formation) of around 45300ish before the big bear awakes!

 

A

Edited by Argento, 31 March 2014 - 11:45 AM.

[farouk]

Hi

A&O

Sorry could not reply earlier.

Note i am trading curriencies at present so not much time for charts.I do come to the forum from time to time just to see whats peoples opinion on the Alsi.

My opinion on the Alsi at present is bullish but its time to take money off the table.The market is getting tired at present highs and there is just too much off dumb money following into the Alsi.Shorters should keep an eye for a reversal candle on a change of trend soon.

The big picture is still bullish for World markets.The more they print the higher we go.At present there are talks from the Fed of increasing interest rates but so long as they don't make any confirmed decision then any pullback will be a buying opportunity.Here is a link below that everyone should study which is about margin debt.One could go back to previous corrections and study to see what happened.The only problem with this site is that it takes a month to update its figures so March figures will only be available end April.My opinion is wait for a confirmed Fed tightening monetary decision which should lead to a drop in margin debt as your trigger for a massive correction.

 

http://www.nyxdata.c...3153&category=8

 

Happy trading and all the best

Farouk

[BBW]

Bond/Savings money NOT EQUAL TO Trading money!

 

Only trade with funds that you can afford to lose.

 

So close those CFD's and get back to liquidity...

 

My 2c...

 

K

Of the same mind, but almost closed my huge CML long, and look at it going now. Taking up huge margin though, as every time I try to use a SL with Coronation, I get 'spiked' out.

[Playa]

Guys, please help me here: Should I close my CFD longs (those in profit) and get some margin to hedge my short position on the ALSI or what? I don't really want to use some more bond or savings money... Too late to close my AlSI shorts; doesn't fit in with my plan anyway. (No comments re money management please; I know! Not the best strategy.) Or use the bond money??

It would be irrational to use any funds let alone Bond funds to fund a loosing position.. depending on your margin, I would suggest closing your shorts and letting your longs run.. this will allow you to hedge your loosing position

[BBW]

Whilst the percentage of net new 2-week highs exceeds the percentage of net new 10-week highs, the bulls will be in charge and shorts will continue to experience pain. Until then, we remain long.

Thanks. Still expecting a big correction (depression) within 6 months time, though?

[powerstocks]

Whilst the percentage of net new 2-week highs exceeds the percentage of net new 10-week highs, the bulls will be in charge and shorts will continue to experience pain. Until then, we remain long.

 

Attached Files

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[BBW]

What? Really? Sorry, not being funny or nasty, I just want to make sure you are not kidding around: You really using bond money to trade with?

Yes I do. Not a gambler, but believe that one should definitely make use of the current low interest rates. Same as lending money for a business; just much cheaper. (That's anyway what the banks do, don't they?)

Edited by BBW, 31 March 2014 - 10:01 AM.

[BBW]

The answer to you is a simple one.

 

If you don't know what it is:

 

Sit back, take a deep breath and do the right thing (and that does NOT include the "bond money" option for you sir).

Thanks, I'm quite rustig, not panicky yet; used to things going wrong by now; been there done that. Just that the answer to doing the BEST thing now eludes me still. I will NOT close my loosing position though as that's one things I've learned; stay with the original plan, unless there's very good reason to have a change of mind of future prospects/targets. Also, the market hasn't "run out of me" before...

[AJS]

Bond/Savings money NOT EQUAL TO Trading money!

 

Only trade with funds that you can afford to lose.

 

So close those CFD's and get back to liquidity...

 

My 2c...

 

K

 

What he said! 

 

I'll never be able to sleep at night knowing that I have debt in the market! I know Jesse Livermore pulled it off, but I'm no hero! 

Edited by AJS, 31 March 2014 - 09:52 AM.

[K~~]

Guys, please help me here: Should I close my CFD longs (those in profit) and get some margin to hedge my short position on the ALSI or what? I don't really want to use some more bond or savings money... Too late to close my AlSI shorts; doesn't fit in with my plan anyway. (No comments re money management please; I know! Not the best strategy.) Or use the bond money??

Bond/Savings money NOT EQUAL TO Trading money!

 

Only trade with funds that you can afford to lose.

 

So close those CFD's and get back to liquidity...

 

My 2c...

 

K

[AJS]

 Or use the bond money??

 

What? Really? Sorry, not being funny or nasty, I just want to make sure you are not kidding around: You really using bond money to trade with?

[Lekkerry]

The answer to you is a simple one.

 

If you don't know what it is:

 

Sit back, take a deep breath and do the right thing (and that does NOT include the "bond money" option for you sir).

 

Guys, please help me here: Should I close my CFD longs (those in profit) and get some margin to hedge my short position on the ALSI or what? I don't really want to use some more bond or savings money... Too late to close my AlSI shorts; doesn't fit in with my plan anyway. (No comments re money management please; I know! Not the best strategy.) Or use the bond money??

[Qbre77]

The trend is your friend peeps! No need to try fight it

[BBW]

I WILL NOT TRADE THE ALSI AGAIN! I WILL NOT TRADE THE ALSI AGAIN!! I WILL NOT TRADE THE ALSI AGAIN!!! F..K F..K F..K!!!! Been away for a week and my shorts are burning! Margin calls my whole mailbox full! Reminds me of that old saying "THE MARKET CAN STAY IRRATIONAL MUCH LONGER THAN YOUR ACCOUNT CAN STAY LIQUID", of iets in dier voege! Damage control... where's that access bond...?!    

Powerstocks, what say you? A  recession still around the corner??  

Guys, please help me here: Should I close my CFD longs (those in profit) and get some margin to hedge my short position on the ALSI or what? I don't really want to use some more bond or savings money... Too late to close my AlSI shorts; doesn't fit in with my plan anyway. (No comments re money management please; I know! Not the best strategy.) Or use the bond money??

Edited by BBW, 31 March 2014 - 09:38 AM.