31 votes
Silfen Path Wanderer
Posted 12 April 2013 - 10:52 PM
Seeing the Alsi is up nearly 100 points after we closed, shorting the Alsi now is a no brainer. Come Monday the slaughter of resource shares will continue. Gold and metals have continued falling after our markets closed. Some gold shares are down 8% in USA. If only i continued holding my AGL and BIL shorts! Still short ANG, Exx and ARI so cant complain!!
I reckon much more pain in store for us!!
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
The Oracle
Posted 12 April 2013 - 10:11 PM
Seeing the Alsi is up nearly 100 points after we closed, shorting the Alsi now is a no brainer. Come Monday the slaughter of resource shares will continue. Gold and metals have continued falling after our markets closed. Some gold shares are down 8% in USA. If only i continued holding my AGL and BIL shorts! Still short ANG, Exx and ARI so cant complain!!
I reckon much more pain in store for us!!
Edited by HDB, 12 April 2013 - 10:13 PM.
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Silfen Path Wanderer
Posted 12 April 2013 - 09:10 PM
Very tempted to go long again. Seems on dailies that we are potentially entering a trading range / trending to the right with 33 750 as the bottom and 34 500 as the top. Or that the market have tested 33 750 three times and may bounce back .....
Whichever way, do not want to wait till Sunday night - typical Plasma move. Okay, will contemplate a bit more .....JAKES BEING LONG!!! Maybe that is the answer
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Silfen Path Wanderer
Posted 12 April 2013 - 09:02 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Member
Posted 12 April 2013 - 07:08 PM
Master
Posted 12 April 2013 - 06:49 PM
Gold in bear suggests no fear of inflation and also bull view on equity forward
The Oracle
Posted 12 April 2013 - 06:46 PM
You can say that again! Not so shiny any more... Wonder what Clive Roffey will say
Gold is now officially in a bear market.
Alsi future
I only post my views, not advice
Master
Posted 12 April 2013 - 06:45 PM
right decision Jakes!, but i jsut need some stress free head space this weekend! and if I want to climb in Long its already 200 points up from your Long entry
Sage
Posted 12 April 2013 - 05:50 PM
Looks like gold is the culprit.
You can say that again! Not so shiny any more... Wonder what Clive Roffey will say 
The Oracle
Posted 12 April 2013 - 05:37 PM
I took a long position @ 34000.
Totally against my trading strategy,
but I cant help feel this was an exaggerated move,
and we have bounced twice before from this level.
Now I wont have a nice weekend and be looking @ my phone all weekend long.
Ai.
Alsi future
I only post my views, not advice
Silfen Path Wanderer
Posted 12 April 2013 - 05:16 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
The Oracle
Posted 12 April 2013 - 04:46 PM
Well done on your short/bearish call as well Jakes! (hoped you dumped your earlier long!)
Got stopped out yes. Thanks
Alsi future
I only post my views, not advice
The Oracle
Posted 12 April 2013 - 04:45 PM
Looks like gold is the culprit.
Alsi future
I only post my views, not advice
Sage
Posted 12 April 2013 - 04:44 PM
Now this is a crash!
Well done on your short/bearish call as well Jakes! (hoped you dumped your earlier long!)
The Oracle
Posted 12 April 2013 - 04:39 PM
Now this is a crash!
Alsi future
I only post my views, not advice
Sage
Posted 12 April 2013 - 04:38 PM
Ditto
Double Ditto! Well done L! really popped now....
Silfen Path Wanderer
Posted 12 April 2013 - 04:37 PM
Well called L did not think it will go so low
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Sage
Posted 12 April 2013 - 04:29 PM
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Member
Posted 12 April 2013 - 04:27 PM
Well called L did not think it will go so low
33800 yes, but some 'obvious' support at 34000 (J200) first. As always... Let's see
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.
Silfen Path Wanderer
Posted 12 April 2013 - 03:49 PM
+-41 dividend points on SA40 Index if you long today at 16:50.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
