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ALSI Trades


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#35281 Plasma

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Posted 05 April 2013 - 10:50 AM

Plasma, actually it is very simple. Zoner, may I use your experience now with your longs as an example? DO NOT TRADE ON YOUR HOPES, NEEDS OR OPTIMISMS. And more importantly, never trade revenge trades. Losing trades are that: losing trades. Your aim with your next trade is not to make up for your losses, your aim is to make a profit. Trade by your system and with your mechanisms. If you have a losing trade, and your trading regime dictates a counter-the-losing-trade-trend, by all means, trade it. If you have a off day, take a breather for a couple of days and sit-out and watch. It is a good thing to stay in touch with trends, but don't put money on the deck. --- If you ignore these points, you are gambling.. Finnish and klaar! Yes, I had a sucky day yesterday, why? I was greedy (another reason NOT to trade). Made good points Wednesday, just to give 'em back yesterday. To my fellow novices (< 10 years :lol:  ), trade a 100 points a day - it will be worth it, don't go for the big windfalls. Do the math: Say Mini contract (100 points = R1000 per day). 22 trading days (on average) = R22k per month. It is that simple! And of course, don't even go for the Mini contracts if you don't have proven success with Micro contracts. I will say it again, if you don't adhere to the above (universal) principles (barring the 100 pointers - that works for me), you are gambling! it is not worth the stress and money! Use it, don't use it. someone might take heart in this. P.s. I made my +-100 points today, using both a long and short directional trade(s). Now to stick to this. There must be a very compelling trade-signal on my system, before I enter another one! This market is still in a transition phase and it is NOT following the US, so don't take hope from 'em. Come May, we should be following Intl (read US) trends again. 


Well said Lekkerry,

You will see I changed my signature yesterday, since what you described happened to me again the last two days. My target is similar to yours, but I have a week perspective of 500 to 1000. But I am still on micro contracts. Want to do the following, that is to take 4 micro contracts, make the trade, and take profit on 2 contracts at target numbers, and then risk free trade the rest if there is more points to take, with a stop in the green.

Now, to make up losses of these two days, will only take high probability success trades, with reduced targets over a number of days, to get back to where I was on Tuesday.
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35282 Lekkerry

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Posted 05 April 2013 - 10:39 AM

Plasma, actually it is very simple. Zoner, may I use your experience now with your longs as an example?

 

DO NOT TRADE ON YOUR HOPES, NEEDS OR OPTIMISMS. And more importantly, never trade revenge trades. Losing trades are that: losing trades. Your aim with your next trade is not to make up for your losses, your aim is to make a profit. Trade by your system and with your mechanisms. If you have a losing trade, and your trading regime dictates a counter-the-losing-trade-trend, by all means, trade it. If you have a off day, take a breather for a couple of days and sit-out and watch. It is a good thing to stay in touch with trends, but don't put money on the deck. --- If you ignore these points, you are gambling.. Finnish and klaar!

 

Yes, I had a sucky day yesterday, why? I was greedy (another reason NOT to trade). Made good points Wednesday, just to give 'em back yesterday. To my fellow novices (< 10 years :lol:  ), trade a 100 points a day - it will be worth it, don't go for the big windfalls. Do the math: Say Mini contract (100 points = R1000 per day). 22 trading days (on average) = R22k per month. It is that simple! And of course, don't even go for the Mini contracts if you don't have proven success with Micro contracts.

 

I will say it again, if you don't adhere to the above (universal) principles (barring the 100 pointers - that works for me), you are gambling! it is not worth the stress and money!

 

Use it, don't use it. someone might take heart in this.

 

P.s. I made my +-100 points today, using both a long and short directional trade(s). Now to stick to this. There must be a very compelling trade-signal on my system, before I enter another one! This market is still in a transition phase and it is NOT following the US, so don't take hope from 'em. Come May, we should be following Intl (read US) trends again. 


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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D


#35283 Plasma

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Posted 05 April 2013 - 10:17 AM

To compensate for my losses I am now VERY long for today.Please say a pray for me as most of these longs are VERY golden...


Do not know what to say my friend .....
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35284 Plasma

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Posted 05 April 2013 - 10:09 AM

Glad I got out, cannot follow the markets at the moment, just saw the massive drop.
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35285 Plasma

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Posted 05 April 2013 - 09:24 AM

Decided to chuck the long at the top when it got stuck. Seems to have been a good decision, at least from a mental perspective.
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35286 AJS

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Posted 05 April 2013 - 08:42 AM

Double Top "M" formation on daily Top40 was completed yesterday with a close below the middle of the M (inc its lower tail). This is supposed to be a high probability short opportunity with significant downside potential.

For me I would rather be selling into any rallies that manage to get back to a resistance level that will hopefully meet with a downward 20 MA.

We will know shortly....

 

Exactly! Was busy trying to post a graph of this when you posted. Can't seem to find the option to embed/attached an image without pasting a URL in here?


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"Trade what you see, not what you think"

#35287 Shortboy

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Posted 05 April 2013 - 08:28 AM

Double Top "M" formation on daily Top40 was completed yesterday with a close below the middle of the M (inc its lower tail). This is supposed to be a high probability short opportunity with significant downside potential.

For me I would rather be selling into any rallies that manage to get back to a resistance level that will hopefully meet with a downward 20 MA.

We will know shortly....


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IG SA40


#35288 Hit & Run

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Posted 05 April 2013 - 08:26 AM

Maybe down to 34250 IGM this morning to shake out all the scary longs then followed by a bounce. I hope.


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The mark of a professional, however, sounds like this:

         It is my fault.  I traded this position too large for my account size.

         It is my fault.  I didn’t stick to my own risk parameters.


#35289 zoner

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Posted 05 April 2013 - 07:43 AM

Don't tell me you still had your longs?????

 

Can somebody confirm whether after these wacks, the forecast was up again as per A and C's posting last week....

 

To compensate for my losses I am now VERY long for today.

Please say a pray for me as most of these longs are VERY golden...


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Paranoid Android

#35290 Plasma

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Posted 05 April 2013 - 07:43 AM

Bounce today? Randel, are you there??? Pls, any perspectives......?????
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35291 AJS

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Posted 04 April 2013 - 09:56 PM

Sometimes I wonder how effective QE really is... I mean, how much of this money actually makes it "out there" in the form of new loans, increasing demand, spending and capital investing i.e. stimulating real growth etc. ? Instead, it creates "silly" money which we see all over in the stock and bond markets.


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"Trade what you see, not what you think"

#35292 Plasma

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Posted 04 April 2013 - 08:44 PM

Amazed at the Dow etc just shrugged off all the negative sentiment hammering us and the UK
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35293 Plasma

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Posted 04 April 2013 - 05:15 PM

On dailies this is the 2nd bar on the 3rd leg down. Another bar down before up again?  Or is 34 400 going to become support?  Contemplating taking another long at these levels.   

Long 34 411


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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35294 Plasma

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Posted 04 April 2013 - 05:12 PM

On dailies this is the 2nd bar on the 3rd leg down. Another bar down before up again?  Or is 34 400 going to become support?  Contemplating taking another long at these levels.   


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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35295 Plasma

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Posted 04 April 2013 - 04:53 PM

Another 100 points down - these two days actually not good for me ... :mellow:


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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#35296 Randall Stevens

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Posted 04 April 2013 - 04:21 PM

Still available on link "Link to old forum"   http://www.sharechat...za/index.php/i/

 

Thanks H&R 


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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. - George Soros



#35297 Hit & Run

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Posted 04 April 2013 - 04:17 PM

Market is weak I see Coronation is down 4 cents  :D  :D  


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The mark of a professional, however, sounds like this:

         It is my fault.  I traded this position too large for my account size.

         It is my fault.  I didn’t stick to my own risk parameters.


#35298 Hit & Run

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Posted 04 April 2013 - 04:15 PM

Still available on link "Link to old forum"   http://www.sharechat...za/index.php/i/

Dumb question ... have we lost the 350 odd pages of this thread in switching to the new format?

 

RS


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The mark of a professional, however, sounds like this:

         It is my fault.  I traded this position too large for my account size.

         It is my fault.  I didn’t stick to my own risk parameters.


#35299 Beorn

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Posted 04 April 2013 - 04:14 PM

Long @ 34755


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Alsi future

 

I only post my views, not advice


#35300 Randall Stevens

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Posted 04 April 2013 - 04:07 PM

Dumb question ... have we lost the 350 odd pages of this thread in switching to the new format?

 

RS


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Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. - George Soros







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