35854 replies to this topic

[RBM]

looks like we're coming back to 39800 today

[Argento]

At an important juncture here...look at the graph and the uptrend line she touched again this morning since the June low...if broken I am getting out of my longs!

 

So 40300ish (futures) is key support and MUST hold!

 

Can't but think of that nasty weekly reversal candle....hope it does not create more downside together with the daily macd that crossed the 0 line...!

 

A

 

[Olymphia]

Why thank you sir S!

 

L

 

Thank you too for this.

 

O

[Jonker]

The coach really needs to give a stern talk right about now, else I'm going to fall asleep...

http://www.youtube.c...h?v=8KWUANVhF8c

 

Inappropriate?

[davidp13]

The coach really needs to give a stern talk right about now, else I'm going to fall asleep...

[gringots]

if I had a slightly larger account, I would probably buy another almi here... 40325.

 

But I don't, so I won't.

 

Ha! in your face greed!

[gringots]

My general rule of thumb, if I were to lose 1000 pips on this trade where would my wife hide my body

 

Words to live by...

[Django]

Thanks so much guys, it's really appreciated. Just need this to move up to 41250 now 😰😥😀

[Lekkerry]

har har, you funny chameleon! 

 

 

Ahh...the perma bear is back

[Lekkerry]

Why thank you sir S!

 

 

 

Very good explaination

[Sunesis]

Money Management (when trading) is simple:

Do not expose more than 2 – 3% of your trading on any given trade. So if your trade flops, do not lose more than the 2-3%.

 

The more difficult part is your trading strategy (regime and discipline). In theory, using the above Money Management strategy, will allow you to never lose all of your trading capital, BUT there will come a time when the money remaining (after many losing trades with little to no winning trades), you cannot physically adhere to the Money Management strategy anymore. So the goal is to balance your preservation strategy for money management with your growth strategy (trading strategy) for wining trades. It is a double-sided ethos.

 

Example: R100k trading account. Do not risk more than 2% per trade, thus a trade may never incur a loss in excess of R2k. This leaves you with trading a single Mini or 2 x Micro contract(s). Your trading strategy will be better if you allow a couple of 100 points leeway, so now you are left with trading 2 Micro contracts on ALSI (assuming IG) of which you will not risk / incur more than 500 points loss (a healthy margin in current market if you ask me).

 

If it is not clear, money management (how much and at what risk) is one side of the formula, the other is your actual trading strategy(when, how long and in which direction).

Very good explaination

[Plasma]

Money Management (when trading) is simple:
Do not expose more than 2 – 3% of your trading on any given trade. So if your trade flops, do not lose more than the 2-3%.

The more difficult part is your trading strategy (regime and discipline). In theory, using the above Money Management strategy, will allow you to never lose all of your trading capital, BUT there will come a time when the money remaining (after many losing trades with little to no winning trades), you cannot physically adhere to the Money Management strategy anymore. So the goal is to balance your preservation strategy for money management with your growth strategy (trading strategy) for wining trades. It is a double-sided ethos.

Example: R100k trading account. Do not risk more than 2% per trade, thus a trade may never incur a loss in excess of R2k. This leaves you with trading a single Mini or 2 x Micro contract(s). Your trading strategy will be better if you allow a couple of 100 points leeway, so now you are left with trading 2 Micro contracts on ALSI (assuming IG) of which you will not risk / incur more than 500 points loss (a healthy margin in current market if you ask me).

If it is not clear, money management (how much and at what risk) is one side of the formula, the other is your actual trading strategy(when, how long and in which direction).

And also I know it's a broad question and many opinions, but what's the best way to money manage?

Ahh...the perma bear is back

[Sunesis]

Just a question, I'm trying to learn and protect myself. Over exposed unfortunately. With the majority of markets down, and the U.S due to recent highs possibly opening on the down do you think we could go below the 39800 level? And also I know it's a broad question and many opinions, but what's the best way to money manage?

1st is to never loose more than 3% of your account on a trade, maximum is 10%. The best way is to have a lot of different instruments to trade, because they don't all go up or down at the same time. 

Trade Bonds,Gold,Oil,Forex and different indices.

 

Today the Heng Seng went up, but top40 is down. Nikkei can go up and Dow can go down. Only on a broad based sell off, markets go down at the same time. If today was a broad based sell off, the Chinese stock market would have not went up.

 

Money management equals knowledge of the global market, so you know were to put your money.

 

Study different markets to diversify your money, that;s also good money management.

[Lekkerry]

Money Management (when trading) is simple:

Do not expose more than 2 – 3% of your trading on any given trade. So if your trade flops, do not lose more than the 2-3%.

 

The more difficult part is your trading strategy (regime and discipline). In theory, using the above Money Management strategy, will allow you to never lose all of your trading capital, BUT there will come a time when the money remaining (after many losing trades with little to no winning trades), you cannot physically adhere to the Money Management strategy anymore. So the goal is to balance your preservation strategy for money management with your growth strategy (trading strategy) for wining trades. It is a double-sided ethos.

 

Example: R100k trading account. Do not risk more than 2% per trade, thus a trade may never incur a loss in excess of R2k. This leaves you with trading a single Mini or 2 x Micro contract(s). Your trading strategy will be better if you allow a couple of 100 points leeway, so now you are left with trading 2 Micro contracts on ALSI (assuming IG) of which you will not risk / incur more than 500 points loss (a healthy margin in current market if you ask me).

 

If it is not clear, money management (how much and at what risk) is one side of the formula, the other is your actual trading strategy(when, how long and in which direction).

 

And also I know it's a broad question and many opinions, but what's the best way to money manage?

[CPvanWyk]

Long 40350 t/p 40515 and 40630 on futures  alsi.pdf   70.62KB   19 downloads

Edited by CPvanWyk, 19 November 2013 - 11:30 AM.

[Django]

Just a question, I'm trying to learn and protect myself. Over exposed unfortunately. With the majority of markets down, and the U.S due to recent highs possibly opening on the down do you think we could go below the 39800 level? And also I know it's a broad question and many opinions, but what's the best way to money manage?

[CPvanWyk]

FTSE siting on support line where hourly break happpend. If it goes up from there i guess it will be good for our markets if the rand does not gain to much strengh.

 

 

Attached Files

•  ftse.pdf   16.67KB   16 downloads

Edited by CPvanWyk, 19 November 2013 - 11:28 AM.

[Sunesis]

S,

 

I really admire your positive attitude!

I just have a question for the analysts following, which obviously includes you...

 

The variables and fundamentals I am taking into account at the moment is

 

1. SA futures on investing.com (some differ..)

2. S&P futures

3. USD/ZAR

 

All of those look very red... The variables that have not been taken into account yet is the German economic sentiment (only because it has 3 bulls..) and the speeches later this afternoon.

 

Are you only banking on favourable data or are there other technical factors you take into account.

 

The "buy the dip" strategy has been working very well for me lately but I feel like its nothing more than a psychological thing.. 

 

I am definitely not trying to criticize anyone, because my knowledge is way too limited..

 

Thanks!! 

I take a look at the 5 top companies which actually move the Top40. BHP,NPN,CFR,SAB,BAT

 

All this companies are still above their key supports.

Top40 still above 39800

 

Nobody knows what's going to happen in the markets. But everybody has their own throw in the towel levels based on their trading behavior,phycology and money management.

 

The Rand has been gaining strenght lately, that's why our big cap stocks took a breather. But now the USD/ZAR is sitting on support. 

 

Since we are a global economy, the S&P hit 1800 round number yesterday. So it is also taking a breather before Santa rally.

All that's happening in the markets now is normal. The 39800-40600 range continues. Bulls will revise thier positons once we close below 39800 and hold. Bears will revise their shorts once we are above 40600 and hold. Its a tug war now.

 

Don't forget that S&P can move down, and top40 can stand still.

 

Yes stocks are in a bubble, but Grandma Yellen does not care. She even said the markets wont hold her hostage.

Draghi said he will do whatever it takes.

 

The comes a time in your life when you have to accept that things change. Markets are moved by central banks these days, not fundamentals.

Those who are still looking at PE levels and fundamentals are the ones who have been getting tanked since 2009.

 

Everyday they sing the same song, "It's going to drop" has been their favorite song since 2009. Its maybe their hit single.

 

We all know it's going to drop someday, but for now its not.

 

Keep buying.

 

Viva La Bull        

[davidp13]

Im waiting for the hour graph to turn convincingly. I might loose out on some profit, but learnt my lesson last week.

[gringots]

long almi 40304