35854 replies to this topic

[Trainee Trader]

Problem is pigs get scared.

 

I always buy when people are scared.

 

If you have deep pockets, I guess it's worth the risk. But if you have a tiny pocket like mine... it's best to be cautious.

[Trainee Trader]

Too big to fail? But if Greece got a bailout why can't the US?

 

Everyone thought US would go to war with Syria - didn't happen.

Everyone thought US would not shutdown government - did happen.

Everyone thinks US won't default - it might happen!

 

Anything's possible!

[Sunesis]

Problem is pigs get scared.

 

I always buy when people are scared.

 

[Plasma]

Jakes must be a happy man .....300 points just like that.....

bought dip @39330

Also bit the dip ....

[JBlack]

Trading is a job, don't sleep on the job.
We dont sleep,12hour day to make money

US Market seems highly concerned. Is it really impossible to think that the US would default?

Too big to fail? But if Greece got a bailout why can't the US?

[Sunesis]

US Market seems highly concerned. Is it really impossible to think that the US would default?

US markets have not even sold off by much.

 

S&P still above 1700

[Trainee Trader]

Trading is a job, don't sleep on the job.

We dont sleep,12hour day to make money

 

US Market seems highly concerned. Is it really impossible to think that the US would default?

[Sunesis]

Ai...missed that 200 point drop .....

Trading is a job, don't sleep on the job.

We dont sleep,12hour day to make money

[Sunesis]

Jakes must be a happy man .....300 points just like that.....

bought dip @39330

[Plasma]

Jakes must be a happy man .....300 points just like that.....

[Plasma]

Ai...missed that 200 point drop .....

[CPvanWyk]

Thanx very much. I will have a whole new look now on markets.

[Sunesis]

If you can explain why our markets always goes up when others are falling and when they go up when others are going up and other way around, you should make money.

 

Or buy the dip. My balls are hurting now with an short.

You need to have a system to analyse the global market as a whole to understand the ALSI.

As Argento says experiance helps. Remember trading is not a science. Everyday is not the same. That's why if you buy or sell everyday it gets confusing.

Even the cleverest  people in academics don't know how the markets work.

 

Trading is the only job which when people go to work, they are going to see crazy things or new things.

 

Rather stick to one bias. If you say i am a buyer then buy only. You need to dicipline yourself. If you have been following when i say buy the dip.

Then you will see that i was buying even when the market was falling. Dicipline is key. I cannot tell my self today i will buy, maybe on wednesday i will sell. That's a crazy plan. Markets will rip you apart.

You will only change your bias when there is a big event for example a market crash. But when that happens, you would have bought yourself a house,sportscar,saved a lot of money and maybe got a model as a wife.

 

 

If you know and read about market history you will find that 80% of the time markets are in a bull trend. The reason is people don't like bad times. The richest people in the world hold a lot of stocks, so they have influence to central bank and politicians. Warren Buffet, Bill Gates and all. Everytime the market goes up they become rich. The rich are greedy its like a competition to them. Rich people don't like bear markets. Central banks don't like bear markets.

 

Central banks don't like gold. That's why they will always push up markets into bubbles, so that people dump gold and buy stocks. Bad times means people dump dollars, and the FED does not want that.

 

 

If you follow a simple plan, and have enough capital to leverage properly. You will go far.

Dont be a pig in this market, Its either you are a bull or a bear.

 

The only reason they introduced buying and selling is to confuse the pigs. You only need one bias and mine is buy. Read and analyse stock markets history and you will see where the markets are going.

 

The market is beautiful

 

Viva La Bull        

 

I cannot be a bear. Being a bear means you only enjoy a few times a year. 

[Sunesis]

1st dip bought 39515

[Sunesis]

And add years of experience and losing a lot of money first then you should be ok!

 

A

Thats right.

Key is to never over leverage.

 

R10 per point on a R300 000 account with a 500 point stop is around  1.5% on you account if your stop gets hit.

 

Good money management. ALSI big ranges are 2000 points. That means you will mostly be making money more than loosing in a bull trend if you are buying every dip.

 

That's my model. Even if you bought everydip at any price with a 500 point stop you will make money.

[Lekkerry]

Look at broadening your market and timing indicators to include ZAR/US$

 

If you can explain why our markets always goes up when others are falling and when they go up when others are going up and other way around, you should make money.

[CPvanWyk]

look at the dow. GO DOWN YOU BUGGER

[CPvanWyk]

Looks like big tax deduction so far for me with this trade.

[CPvanWyk]

If you can explain why our markets always goes up when others are falling and when they go up when others are going up and other way around, you should make money.

 

Or buy the dip. My balls are hurting now with an short.

 

 

[Argento]

You will need about R300 000 to start trading for you to be able to pay yourself.

In a normal lifestyle you would need around R20 000-R30 000 a month 

 

This means you need to make atleast R1000 a day trading.

 

If you are trading R10 per point this means you need only 100points a day, which is easy.

Once you get the market rythm you can make R3000 plus a day.

 

Remember there are days which you will make more than 100 points, average points a day is 250 points.

 

You need to be a day trader to capture this kind of points.

Trading will be your job.

 

You will make more than your CEO if you have more capital.

 

Let say you have a million rand account, then you start trading R50 per point. That means you are making R5000 for every 1000 points.

 

Make  it simple, one day at a time.

And add years of experience and losing a lot of money first then you should be ok!

 

A

Edited by Argento, 15 October 2013 - 03:28 PM.