35854 replies to this topic

[Sunesis]

and the bears gain control...

If S&P breaks 1850 tonight, then 1865 is final target for the week.

A failure to break 1850 will result in moving back to 1815 for a 5w-shape 

[HDB]

seems like @ 43000 IG cash some bears are trying hard to get back control!!!

 

and the bears gain control...

[Sunesis]

The Only Real Way To Beat The Market
We’ve all heard “You can’t beat the market” and “The house always wins”, but we also all know that some traders and investors DO indeed beat the market, just as some black jack and poker players make a living in the casinos. How do they do it? Do they have some super-secret psychic ability to predict the next big move in the market or some big elaborate plan to cheat a state-of-the-art security system in a casino? Unless you’re talking about a Hollywood movie, the answer is obviously “no”.
So what’s the big ‘secret’? How are some traders ‘beating’ the market consistently while you sit there enduring yet another frustrating week in the market? What if I told you there’s really just two main ingredients that you need to beat the market consistently

The first ingredient to beating the market: beat the bigger ‘enemy’…
If you want to consistently take money out of the market and become a profitable trader, you’re going to have ‘beat’ yourself first. That’s right, before you even get to the point of being a worthy competitor in the market, you have tomaster yourself. If you cannot control yourself and ‘defeat’ the temptations and impulses that flood through your mind and body every time you look at a chart, you will never even stand a chance at beating the market.
The idea here is quite simple in theory but MUCH more difficult in practice, as you probably already know. If you cannot learn to ignore the ‘demons’ in your head that are telling you to enter another trade and risk another lot when you know that doing so is not in your best interest, you will never become consistently profitable in the market.

What’s the solution?
A complete shift in your thinking.
You have to start believing that your only real ‘edge’ in the market is remaining in control of your actions and picking your trades wisely, because that really is your only real advantage against the millions of other people trying to trade.
Why do you think it is that something like 90% of all people who try trading their money in the market lose all or most of it in the end? It’s because it’s in our mental wiring as humans to be bad at trading, we are wired for “fight or flight”, as that’s the wiring that has served us best over our thousands of years of evolution which was mostly spent in dangerous situations hunting for food or fighting with other humans. 
Thus, you NEED to accept and understand that the minute you begin trading a live account you are already battling the toughest trading foe you’ll ever face, yourself. I have written a lot of articles on patience, discipline and trading with consistency, but unless you are ready to TAKE ACTION on fighting the emotion-fueled trading demons inside your own head, you will never even get close to beating the market.
So, the solution is simple, accept that YOU are the biggest enemy you have to beat to make money in the market consistently and then devise a PLAN OF ACTION to make it happen. After that, beating the market will be a ‘piece of cake’.
 
The second key ingredient to beating the market…
If you are sitting there thinking that the 10% of successful traders are just “lucky” or had some unfair advantage, you are dead wrong.

You see, unlike many other professions, the market doesn’t care about you or your advantages, you might say that the market is the ‘Great Equalizer’. The only two things that really matter in trading are your trading skill / ability and whether or not you’ve ‘beat’ yourself
Learning an effective trading method and truly mastering it is obviously a necessary component to beating the market. However, if you have not yet beaten the trading demons in your head, you will not succeed even if you’re already a very skilled trader. Thus, you cannot have just one of these two ingredients, you need both; you have to have complete control over your own mind and actions in the market and you have to be a skilled trader.
Perhaps the best example of how the combination of both skill and self-control can help you beat the market is Warren Buffett. Warren Buffett obviously knows how to beat the market, he is without a doubt the greatest investor of all-time and it’s not because he’s been lucky. Buffett has a real skill for picking the right stocks and he has a plan and he sticks to it. They don’t call him the “Oracle of Omaha” for nothing.
 
Conclusion


Beating the market begins with ‘beating’ yourself. You will never face a tougher opponent in the trading world than the one that lives inside of your own mind.

 

 

[BBW]

seems like @ 43000 IG cash some bears are trying hard to get back control!!!

Well, I for one am going to add to my shorts, once it goes above 43000 again, if it fails to break that (daily) trend line convincingly. Are we (SA) that tied to the rest to the world's big markets? Doesn't seem so in bear or sideways markets; why are we now following suit? BTW: Does a trend line count as resistance?

Edited by BBW, 21 February 2014 - 10:43 AM.

[HDB]

seems like @ 43000 IG cash some bears are trying hard to get back control!!!

[AJS]

Nou is die tyd om kalm wees...NIE so opgewonde soos 'n vers wat gaan bul vat nie

 

Ja nee kyk.. Hierdie is immers 'n BUL mark!

[Sunesis]

Holding a leveraged product for 3 months can wile out your account.

It depends how big your account is and what ratio of money management you put in every trade.

[Mhlato]

Sit back and keep the bigger picture in mind. Give it time, the market listens to nobody and it will turn when it is ready, and it will SHOW us --> In the charts!

 

Nou is die tyd om kalm wees...NIE so opgewonde soos 'n vers wat gaan bul vat nie

[BBW]

next week...the short action is coming up

Delta, do you reckon it's a good time to close all my longer term (a few months to a year) share CFD holdings, even those in the red?

Edited by BBW, 21 February 2014 - 09:39 AM.

[BBW]

Sit back and keep the bigger picture in mind. Give it time, the market listens to nobody and it will turn when it is ready, and it will SHOW us --> In the charts!

Yes, I'm trying my best, but this market has proved my wrong SO many times and sent me running with my tail between my legs, that I'm totally unsure at this stage. Seeing the same picture you are and really hope (there's that word again! - which I'm so getting warned against in all the trading manuals I'm reading) you guys are right about next week.

I'm long on all the international indices, but short the SA40 - does that make any sense??!

[AJS]

Sit back and keep the bigger picture in mind. Give it time, the market listens to nobody and it will turn when it is ready, and it will SHOW us --> In the charts!

Attached Files

•  ALSI daily.png   61.1KB   10 downloads

[Lekkerry]

Now that I can believe, from a man who actively posts (and trades) shares!

 

next week...the short action is coming up

[delta66]

Hey guys short a crash is coming you wont even see it coming. I am out , enjoy the ALSI gambling.

next week...the short action is coming up

[BBW]

Thanks AJS & C for the little lesson.  Stressing a bit about my shorts... hope I'm not going to loose my pants!

[AJS]

Hey guys short a crash is coming you wont even see it coming. I am out , enjoy the ALSI gambling.

 

Keep the powder dry so that, when the signal comes you are ready! It is all in the charts, as A always says! Good luck out there!

[bear catcher]

Hey guys short a crash is coming you wont even see it coming. I am out , enjoy the ALSI gambling.

[Beorn]

IMO, perfect storm for a very positive day, Most of the heavy weights are up strongly in international markets, and the ZAR is getting weaker against the $ & GBP.

 

I closed my short from yesterday and I'm long @ 42830.

[AJS]

Bil and BTI up over 1 % in US.
Shorts will be in pain today.

 

Yeah, I suspect we will gun for the 43 000 - 43 200-ish today.

[Beorn]

Bil and BTI up over 1 % in US.
Shorts will be in pain today.

[Beorn]

I'm not entirely convinced of this bullish action in the last 30 minutes. Volume is low.

Short @ 42698

I'm closing my short as soon as the market opens.