35854 replies to this topic

[Argento]

[quote name="Sam" post="220157" timestamp="1381751797"]

[quote name="Argento" post="220156" timestamp="1381751340"]Bigger picture, huge consolidation band that broke out and made a retest, so we only just started with the next bull leg up...

Is my take this will be the last leg up before this bullmarket concludes, next year going to be very interesting....

Enjoy!

Hi Argento
I recall you saying that you trade warrants ?
Are you holding TOPDWA or DWI ?
Thanks in advance[/quote]

Hi Sam,

TOPDWI it is, watch it go to R10 by year end!

A

[Sam]

[quote name="Sam" post="220157" timestamp="1381751797"][quote name="Argento" post="220156" timestamp="1381751340"]Bigger picture, huge consolidation band that broke out and made a retest, so we only just started with the next bull leg up...
 
Is my take this will be the last leg up before this bullmarket concludes, next year going to be very interesting....
 
Enjoy!
 
Hi Argento
I recall you saying that you trade warrants ?
Are you holding TOPDWA or DWI ?
Thanks in advance[/quote]

Sorry should read DWH and not A

[Sam]

[quote name="Argento" post="220156" timestamp="1381751340"]Bigger picture, huge consolidation band that broke out and made a retest, so we only just started with the next bull leg up...
 
Is my take this will be the last leg up before this bullmarket concludes, next year going to be very interesting....
 
Enjoy!
 
Hi Argento
I recall you saying that you trade warrants ?
Are you holding TOPDWA or DWI ?
Thanks in advance

[Argento]

Huge TOP40 bullish flag confirmed this morning with the breakout, went long last week and going to sit on my longs till year end!

PF count is about 4000 points up from the low!Might take some profit if she hits the previous high for the return move next week!

If you try and catch the daily fluctuations changes are good going to miss the big moves, if you sit tight you will be rewarded!

A

Bigger picture, huge consolidation band that broke out and made a retest, so we only just started with the next bull leg up...

 

Is my take this will be the last leg up before this bullmarket concludes, next year going to be very interesting....

 

Enjoy!

 

A

[Redeemer]

With you A!

 

...went long last week and going to sit on my longs till year end!

...if you sit tight you will be rewarded!

A

[Beorn]

Looks like a inverse H&S on 60 min chart.

Neckline already broken.

[Argento]

Huge TOP40 bullish flag confirmed this morning with the breakout, went long last week and going to sit on my longs till year end!

PF count is about 4000 points up from the low!Might take some profit if she hits the previous high for the return move next week!

If you try and catch the daily fluctuations changes are good going to miss the big moves, if you sit tight you will be rewarded!

A

[Sunesis]

Saw this somewhere else....may help somebody

The Eight Principles of Elite Traders

******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest Sunday Links post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note

Charles Garfield, the author of the 1984 classic, Peak Performance: Mental Training Techniques of the World’s Greatest Athletes, lists eight physical and psychological principles inherent in athletes’ peak performance. Although specifically applied to athletes, these principles are just as applicable to stock traders.

Peak performers (and elite stock traders) are:

1. Mentally Relaxed: the athletes’ ability to concentrate was unusually sharp, allowing for calmness and focus in the heat of competition. Stock traders who are edgy, agitated, anxious, and impatient, are usually suffering from a lack of concentration thus leading to any number of trading errors such as overtrading, overexposure to risks, fear-based trading, etc.

2. Physically Relaxed: the athletes reported feeling loose and limber, not tight and awkward. Believe it or not, having a loose, relaxed physical state allows for a relaxed state of mind and vice versa. It is unusual to have one without the other. Stock traders who report aches and pains in the shoulders, neck, and lower back, not to mention the head, are most likely suffering from mental distress.

3. Confident and Optimistic: the athletes believed beforehand that they would perform well. Because the athletes spent numerous years training for a few hours of performance their confidence and optimism had grown. They had no reason to doubt that their past performance could not be repeated in the future; hence, their optimism. Stock traders who have not developed specific strategic skills will not be confident in an uncertain future. By not planning and sticking with a tried-and-true game plan uncertainty and pessimism will take over, sabotaging effective trading.

4. Focused on the Present: the athletes were “process”-oriented as opposed to “product”-oriented. In other words, the athletes were totally focused on the task at hand, not the last one or the next one. In golfing terms the last shot and the next shot does not matter, only the present one. Stock traders have the tendency to fret over the last trade and worry about the next one when all that really matters is the current one.

5. Highly Energized: the athletes were pumped up and ready for action. In other words, peak-performance athletes welcome a challenge and embrace it. The challenge is what the training is for! If you dread the possible outcome of a trade, or if you find yourself too frightened to look at a chart, then it may be time to take a break. As that famous trader Jesse Livermore once said, “every once in a while you must go to cash, take a break, take a vacation. Don’t try to play the market all the time. It can’t be done, it is too tough on the emotions.”

6. Extraordinary Awareness: the athletes reported being very much in tune with their mind, body, and environment. There was no disconnect among any of the three. This is much like Sun Tzu, who said that he who knows himself and the enemy (the environment) has no reason to fear a hundred battles. If there is fear of either then the battle will be fought in vain. Know your charts and know how you respond to them. If they are not in sync with one another, if there is no peace, then do not enter the battle. Bottom line: know yourself.

7. In Control: the athletes were always in control of their environment, not vice versa. Instead of making things happen by force they allow things to happen when it is time. They were prepared and ready when the right opportunity came knocking. Stock traders have a tendency to force a trade instead of allowing the market to come to them. When they force, the market takes; when they accept, the market gives.

8. In a “Cocoon”: the athletes reported being “in the zone.” This has been described in various ways as simply a time when an athlete is playing “out of his mind.” It is not something you train for; it is a state of mind that your training can prepare you for. If your mind is not right you cannot be ready to receive what “the zone” is willing to give. If, as a stock trader, you are impatient, anxious, fearful, greedy, stubborn, hopeful, etc., you will not be ready for “the zone.” Being “in the zone” means you are ready to accept what the market is willing to give when it is willing to do so. If you are not “in the zone” you will miss it.

Athletes and the markets have much to teach us if only we would prepare ourselves like athletes. The above principles can help us with our preparation and eventual success.

100% correct. Its all in the mind.

Trading battle starts in the mind.

http://www.youtube.c...h?v=85lpWoESHUM

[Plasma]

Saw this somewhere else....may help somebody

The Eight Principles of Elite Traders

******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest Sunday Links post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note

Charles Garfield, the author of the 1984 classic, Peak Performance: Mental Training Techniques of the World’s Greatest Athletes, lists eight physical and psychological principles inherent in athletes’ peak performance. Although specifically applied to athletes, these principles are just as applicable to stock traders.

Peak performers (and elite stock traders) are:

1. Mentally Relaxed: the athletes’ ability to concentrate was unusually sharp, allowing for calmness and focus in the heat of competition. Stock traders who are edgy, agitated, anxious, and impatient, are usually suffering from a lack of concentration thus leading to any number of trading errors such as overtrading, overexposure to risks, fear-based trading, etc.

2. Physically Relaxed: the athletes reported feeling loose and limber, not tight and awkward. Believe it or not, having a loose, relaxed physical state allows for a relaxed state of mind and vice versa. It is unusual to have one without the other. Stock traders who report aches and pains in the shoulders, neck, and lower back, not to mention the head, are most likely suffering from mental distress.

3. Confident and Optimistic: the athletes believed beforehand that they would perform well. Because the athletes spent numerous years training for a few hours of performance their confidence and optimism had grown. They had no reason to doubt that their past performance could not be repeated in the future; hence, their optimism. Stock traders who have not developed specific strategic skills will not be confident in an uncertain future. By not planning and sticking with a tried-and-true game plan uncertainty and pessimism will take over, sabotaging effective trading.

4. Focused on the Present: the athletes were “process”-oriented as opposed to “product”-oriented. In other words, the athletes were totally focused on the task at hand, not the last one or the next one. In golfing terms the last shot and the next shot does not matter, only the present one. Stock traders have the tendency to fret over the last trade and worry about the next one when all that really matters is the current one.

5. Highly Energized: the athletes were pumped up and ready for action. In other words, peak-performance athletes welcome a challenge and embrace it. The challenge is what the training is for! If you dread the possible outcome of a trade, or if you find yourself too frightened to look at a chart, then it may be time to take a break. As that famous trader Jesse Livermore once said, “every once in a while you must go to cash, take a break, take a vacation. Don’t try to play the market all the time. It can’t be done, it is too tough on the emotions.”

6. Extraordinary Awareness: the athletes reported being very much in tune with their mind, body, and environment. There was no disconnect among any of the three. This is much like Sun Tzu, who said that he who knows himself and the enemy (the environment) has no reason to fear a hundred battles. If there is fear of either then the battle will be fought in vain. Know your charts and know how you respond to them. If they are not in sync with one another, if there is no peace, then do not enter the battle. Bottom line: know yourself.

7. In Control: the athletes were always in control of their environment, not vice versa. Instead of making things happen by force they allow things to happen when it is time. They were prepared and ready when the right opportunity came knocking. Stock traders have a tendency to force a trade instead of allowing the market to come to them. When they force, the market takes; when they accept, the market gives.

8. In a “Cocoon”: the athletes reported being “in the zone.” This has been described in various ways as simply a time when an athlete is playing “out of his mind.” It is not something you train for; it is a state of mind that your training can prepare you for. If your mind is not right you cannot be ready to receive what “the zone” is willing to give. If, as a stock trader, you are impatient, anxious, fearful, greedy, stubborn, hopeful, etc., you will not be ready for “the zone.” Being “in the zone” means you are ready to accept what the market is willing to give when it is willing to do so. If you are not “in the zone” you will miss it.

Athletes and the markets have much to teach us if only we would prepare ourselves like athletes. The above principles can help us with our preparation and eventual success.

[Sunesis]

Account has never been fatter!!!

At this rate, I'll also land a jet at Waterkloof

We are capitalists. We don't care about what happens in South Africa. Most of the Top40 stocks don't even make derive most of their profits in South Africa.

This is the fastest way to be rich.

Why work for stupid companies, and be stuck in a rat race.

 

Don't care about ANC,DA,EFF, and all the stupid parties. Lets just capitalise on their stupid decisions. We are capitalists.

Don't even listen to the economists, media, PHD professors, they are all dump. 

 

We are traders

http://www.youtube.c...h?v=MwKYjZ_8EcE

[Sam]

Gold is up over 1% plus the Rand has weakened against the US$ this morning. Both factors will hold the ALSI up to some extent should others fall.

[Redeemer]

Account has never been fatter!!!

At this rate, I'll also land a jet at Waterkloof

 

 

We already made enough money for the day bullies.

 

Lets hope we get a US open drop, so we can buy.

 

Remember rule number 1, buy when the market is falling.

Rule number 2, don't for get rule number 1

 

When the market falls or pullback is a bulls dream. Same when a market rises, it s a bears dream.

 

Dont be pigs

[Sunesis]

There only reason our market is going up.

[Sunesis]

Agreed. Good call. I would think between 2-3 pm would be time to close those longs...

We already made enough money for the day bullies.

 

Lets hope we get a US open drop, so we can buy.

 

Remember rule number 1, buy when the market is falling.

Rule number 2, don't for get rule number 1

 

When the market falls or pullback is a bulls dream. Same when a market rises, it s a bears dream.

 

Dont be pigs

[Mad Max]

I am long on the trend at the moment but anticipate a fall around the US open ( barring any positive resolution news before then). More and more ppl are getting anxious right now.

Agreed. Good call. I would think between 2-3 pm would be time to close those longs...

[Sam]

oops my bad! thanks for the correction. We are still going up though ... !

I am long on the trend at the moment but anticipate a fall around the US open ( barring any positive resolution news before then). More and more ppl are getting anxious right now.

[Redeemer]

Viva!!!

 

Viva La Bull Market

[bear catcher]

Blah blah and up we go

[Sunesis]

 

Guys

 

B safe, and keep enough for your margins, if the charts dont materialize.

 

O   

 

------------------------------------------

   

 Published: Sunday, 13 Oct 2013 | 12:28 AM ET

 

 

 

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Jasjeet Plaha | Hindustan Times | Getty Images)

World Bank President Jim Yong Kim

The president of the World Bank on Saturday warned the United States was just "days away" from causing a global economic disaster unless politicians come up with a plan to raise the nation's debt limit and avoid default.

"We're now five days away from a very dangerous moment. I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline...Inaction could result in interest rates rising, confidence falling and growth slowing," World Bank President Jim Yong Kim said in a briefing following a meeting of the bank's Development Committee.

(Read more: Senate leaders try to end debt crisis; talks fail in House)

"If this comes to pass, it could be a disastrous event for the developing world, and that will in turn greatly hurt developed economies as well," he said.

 

Politicians are not traders, just keep buying. All the noise will make you miss money making opportunities.

The media is the worst trading indicator.

Follow the money flow. Look at your chart patterns.

 

Make money.

 

Viva La Bull Market

[Olymphia]

Guys

 

B safe, and keep enough for your margins, if the charts dont materialize.

 

O   

 

------------------------------------------

   

 Published: Sunday, 13 Oct 2013 | 12:28 AM ET

 

 

Twitter

 

484

 

 

LinkedIn

 

903

 

 

Share

 

Jasjeet Plaha | Hindustan Times | Getty Images)

World Bank President Jim Yong Kim

The president of the World Bank on Saturday warned the United States was just "days away" from causing a global economic disaster unless politicians come up with a plan to raise the nation's debt limit and avoid default.

"We're now five days away from a very dangerous moment. I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline...Inaction could result in interest rates rising, confidence falling and growth slowing," World Bank President Jim Yong Kim said in a briefing following a meeting of the bank's Development Committee.

(Read more: Senate leaders try to end debt crisis; talks fail in House)

"If this comes to pass, it could be a disastrous event for the developing world, and that will in turn greatly hurt developed economies as well," he said.