35854 replies to this topic

[zoner]

Gold just turned green.

[Lekkerry]

Yes JaDEB, Listen! You and the rest of us!

 

Thanks....

 

DO NOT TRADE ON YOUR HOPES, NEEDS OR OPTIMISMS. Listen jaDEB !!!

 

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. Listen jaDEB !!!

 

Trade by your system and with your mechanisms. Huh, see points above

 

jaDEB, sometimes u need to believe in yourself and your calls, even if others think u a knob, it will be your loss or profits not others. Only u will know if financially that u can take the knock or not. Or how desperate u are or how strong your tablets are at a given moment.

 

PS. The spilcheccer does not work ......

[jaDEB]

Thanks....

 

DO NOT TRADE ON YOUR HOPES, NEEDS OR OPTIMISMS. Listen jaDEB !!!

 

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. Listen jaDEB !!!

 

Trade by your system and with your mechanisms. Huh, see points above

 

jaDEB, sometimes u need to believe in yourself and your calls, even if others think u a knob, it will be your loss or profits not others. Only u will know if financially that u can take the knock or not. Or how desperate u are or how strong your tablets are at a given moment.

 

PS. The spilcheccer does not work ......

[Plasma]

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  ), 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.

[Lekkerry]

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  ), 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. 

[Plasma]

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 .....

[Plasma]

Glad I got out, cannot follow the markets at the moment, just saw the massive drop.

[Plasma]

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.

[AJS]

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?

[Shortboy]

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....

[Hit & Run]

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

[zoner]

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...

[Plasma]

Bounce today? Randel, are you there??? Pls, any perspectives......?????

[AJS]

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.

[Plasma]

Amazed at the Dow etc just shrugged off all the negative sentiment hammering us and the UK

[Plasma]

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

[Plasma]

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.   

[Plasma]

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

[Randall Stevens]

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

 

Thanks H&R 

[Hit & Run]

Market is weak I see Coronation is down 4 cents