35854 replies to this topic

[Mad Max]

Who is buying this dip ?

US futures RED, stay away from BTFD .  My 2cents.

[Sunesis]

Who is buying this dip ?

I'm tracking this dip till 15h30 when US stock market opens.

 

15h30 i will jump in. Thats if it does not go up by then.

 

They say Obama will be speaking at 11h00 eastern time.

Right now i don't care what the politics say

 

Today Bernanke and Lew assured their peers  G20 peers that they don't see a default.

 

Any dip remains a buy. This bull trend will last for another 2 years.

[Plasma]

Here's the deal....can 10 traders with R250k contracts each lend me R5k. With that R50k I will make, let say R15k per month....then I will have paid back everybody just after end of month 3.....putting me in a great spot....whilst they did not even miss it. Pls PM me for bank details....

For some strange reason I have not yet received any PMs....???.

[Sunesis]

On a 50 000 rand account you should NOT be playing standard contracts or even Mini contracts..You might win big some of the time but eventually there will be one trade that will take your capital out.

You should at max be having 2 micros out at any one time

On 250000 you could probably start talking mini's

 

I know because it happened to me tens of times

Your right 50k with ALSI is a waste of time.

 

With FTSE,DAX,NASDAQ EURO50, S&P, you can trade with 50K. If you are using R10 per point max you can loose on FTSE is R1500 a day. It only moves 150points max, average is 50-70 points.

So you can make R500-700 a day on a 50k acount which is not bad. 

[Plasma]

Here's the deal....can 10 traders with R250k contracts each lend me R5k. With that R50k I will make, let say R15k per month....then I will have paid back everybody just after end of month 3.....putting me in a great spot....whilst they did not even miss it. Pls PM me for bank details....

[bear catcher]

Who is buying this dip ?

[Lekkerry]

Gmpf, imagine, S and C posting very good advice on the same subject same day!

 

Today is a good and informative day here on SC!

 

Thanks gents.

 

On a 50 000 rand account you should NOT be playing standard contracts or even Mini contracts..You might win big some of the time but eventually there will be one trade that will take your capital out.

You should at max be having 2 micros out at any one time

On 250000 you could probably start talking mini's

 

I know because it happened to me tens of times

[Lekkerry]

The first piece of real-world (real-life perspective) good advise in a long time! Ta!

 

...we have been in a bull trend. If a trade goes against you in a bull trend. You are sure to make money because you know it will come back.

 

If you have a big account which means you will never loose a trade.

 

That's why a 250k account is a good start.

...

 

Keep it simple!!!

[Sunesis]

Hi BBW, I phoned IG markets and they verified that I am wrong thinking you only pay intest on your original loan amount - you will be paying interest on the full amount , N shares  Xclosing price. I remember doing the formula for the Real rate where you have one rate working against your growing rate or on top of it as well - I know it but have to figure out how to do it here without formula pasting.  will paste it for you one this thread - it is basically easy once you know how

If you use an American broker called Oanda, you can trade FTSE,DAX,NASDAQ,Dow,Euro50 with 0.5-1pip spreads. I'm making more money trading the FTSE than trading ALSI.

 

What also mkaes it better is that your money is safe beacause it is in dollars. 

I dont trust the SA RAND.

 

Better to keep my money in dollars.

 

I'm in South Africa but my money and job is in the US. When i want to use it this side i simply transfer it to a bank in the St Vincent Island. I simply use my global card and all transactions are international.

Also a good way for SARS not to tax you.

 

I want to stop trading ALSI soon because of the IG spread 

[Mad Max]

For those who don't want to confuse themselves is the market.

Use one strategy. Always go long, never short.

 

Most traders who go long and short are pro's, like Jakes, Chubby etc.

 

I only use one style of trading so i don't confuse myself. That way you always stand a chance to make money in a bull trend.

Since 2009 we have been in a bull trend. If a trade goes against you in a bull trend. You are sure to make money because you know it will come back.

 

If you have a big account which means you will never loose a trade.

 

That's why a 250k account is a good start.

You can make 3k minimum on a account like that.

On a good day 10k is possible.

 

Keep it simple!!!

RightO, off to MonteCasino to make my R250K and I'll be back with a vengeance !

[Sunesis]

For those who don't want to confuse themselves is the market.

Use one strategy. Always go long, never short.

 

Most traders who go long and short are pro's, like Jakes, Chubby etc.

 

I only use one style of trading so i don't confuse myself. That way you always stand a chance to make money in a bull trend.

Since 2009 we have been in a bull trend. If a trade goes against you in a bull trend. You are sure to make money because you know it will come back.

 

If you have a big account which means you will never loose a trade.

 

That's why a 250k account is a good start.

You can make 3k minimum on a account like that.

On a good day 10k is possible.

 

Keep it simple!!!

[Mad Max]

As i read it our one Guru is long and still buying the dip, our other Guru went long but took a short, so there you have the Guru story..Gambler game go long, this market has gone higher more times when there was this little spike and sideways move.

[bear catcher]

As i read it our one Guru is long and still buying the dip, our other Guru went long but took a short, so there you have the Guru story..Gambler game go long, this market has gone higher more times when there was this little spike and sideways move.

[OceanWalz]

what are the gurus feel on USA open and our walk up to it this afternoon?

and do high green today auger a red opening on our markets Monday morning?

 

considering;

• The majority of last nights upside was just short covering
• some of upside should be due to new buyers buying - I dont know what percentage, but that lift up was mostly short covering by fearful and savvy bears
• it is a mistake to think all is clear on their political nonsense and threats is now over - almost afraid thinking that people are acting as if it is all definite and solved judging by strong green up graph there and here - as if "give those politicians the middle finger we know you are going to make it all clear!"
• people might be afraid to hold over the wekend due to current high VIX levels and might want to take profit both at beginning and before close - others might be  afraid of neg news or positive news giving up/down gaps first thing next week
• the stronger Rand should hold up
• any other important considerations

[JJBen]

Hi All

Re: IG vs. Safex levels.

 

It's maybe a little late to comment on the subject, but here goes:

We had this discussion a long time ago when Randal S was still active on this forum. IG is a Market Maker. They only get involved on Safex to hedge the difference between the number of long and short contracts on their books. They also "protect" themselves during office hours (8:30 - 17h30) by spreading that ridiculous spread up to 36 pips.

 

After the US closes the MM price is a combination of S&P futures/Rand exchange and Asian markets. Obviously some algo's running in the background. The price action of some Aus counters (BHP) is also taken into account.

 

But they get it wrong more often than not. The adjustment (up or down) can be anything between 20 and 150 pips.

They guy at their trading desk also said to me that they limit transaction size between 8:20 and 8:30.

 

 

[OceanWalz]

Don't know how I did this: (I thought) I had a sell order in @ 38755 and when I got back to my computer, I had bought! Anyway, this is not what I lay awake about last night, but my topic "CFD Calculations". PLEASE have a look and help, if you can. Reason (partly) being this:

 

The SA40 on 01/02/04 was about 10000 and on 01/02/14 will (should) be 40000; thus, it has exactly doubled every 5 years. My question is this: How much interest would I have paid (+-) by Feb next year, had I BORROWED R1000 in Feb 04, bought 10 x R10 contracts (R10 000) and cashed out the R40 000 in Feb 14?

 

According to my (very rough) calculations very early this morning, while lying in bed, +-70-80% of the (starting) total every 5 years! I.e. +-R8000 after the 1st 5 years and again +-R16 000 after the next 5, giving you a total of +-R24 000 interest paid on a bruto profit of R30 000, i.e. R6000 net profit; minus the initial R1000 = R5000?? (I've worked on a very rough average interest rate of +-10%).

 

What say you!??

Hi BBW, I phoned IG markets and they verified that I am wrong thinking you only pay intest on your original loan amount - you will be paying interest on the full amount , N shares  Xclosing price. I remember doing the formula for the Real rate where you have one rate working against your growing rate or on top of it as well - I know it but have to figure out how to do it here without formula pasting.  will paste it for you one this thread - it is basically easy once you know how

[Redeemer]

Thanks Chubby!

This Buy the Dip Theorem has worked well for me so far...or should we now call it the Zeroeth Law of the Dips

 

Someone hit the jackpot! Well done boet! Im gonna grab a short here as well 38878

[Redeemer]

Five of my seven longs now in green. About to take profits on some...and look to leave the others for long term.

 

Another long added @38158. One more left in the bag...to add if she reaches 37800-ish.

[snoop]

Yep ..check out the 09:10 and 9:20 10 minute graph this morn as well

10:00 and 10:10  and 10:20 also playing out - when do you decide when to trade - as they match ?

[Mad Max]

Yep ..check out the 09:10 and 9:20 10 minute graph this morn as well

I am looking at the 10 min graph and I am not sure what I am looking for. the 9:10 and 9:20 are both down ... ???