35854 replies to this topic

[HDB]

HDB, apologies for the late reply...as BBW correctly say's, when you are about to enter or in a trade...stay away from any forums, financial newspapers etc.

 

This morning you said that yesterday's engulfing candle was different to the others, please explain in what way?  (I have put up a chart for comparison)

 

I agree with you that Bil was the main driver behind that move, but as you will know it just takes one of the big dogs jumping like that to cause havoc!

 

You also said that it was a false candle due to fundamentals... but tecnically correct.

In my view when it comes to trading the Alsi (not investing in shares) fundamentals play second fiddle to technicals.

 

 

Hi M

 

Tough question hay...Me and my big mouth

 

I just felt on the tech side was a prefect full bodied candle.However one has to look deeper to see what caysed it.. BIL dropped 5 % at close after opening up nearly 2%...So NIL basically took 300p off our index after adding 120p initially!

 

Was the 300p justified?  BIL gave no technical selling signal... BIl is listed on 4 makor stock exchanges and its main listing is OZZ.. When we opened , Ozz was closing and it reached an all time high at close there. We then had the resullts which then smashed the share. I did mention on the thread i felt SA and UK overreacted to it and we will see OZZ  shareholders reacting differently. Well they certainly did.. Down but not a hiding. In fact ths morning BIL was nearly 1% up in OZZ but came back down because of bad China News..

 

So basically im saying yes, technically was a red candle,  but on looking deeper i could not tru trust that candle on fundemental grounds

[delta66]

hmmm...asian PMI data likely to cast shadow over alsi today

still long but stops now tight

[Mhlato]

HDB, apologies for the late reply...as BBW correctly say's, when you are about to enter or in a trade...stay away from any forums, financial newspapers etc.

 

This morning you said that yesterday's engulfing candle was different to the others, please explain in what way?  (I have put up a chart for comparison)

 

I agree with you that Bil was the main driver behind that move, but as you will know it just takes one of the big dogs jumping like that to cause havoc!

 

You also said that it was a false candle due to fundamentals... but tecnically correct.

In my view when it comes to trading the Alsi (not investing in shares) fundamentals play second fiddle to technicals.

 

 

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[TellyTubby]

For those thinking of playing the long term short there might be lots of pain in the next 5 days. 47000 is inevitable 47800 probable and 48750 possible. FInal topping in at 49120 months end - 2nd week in September. SP500 only starting on its parabolic tear away to 2020..We had ignition , now the liftoff 

 

 

I don't think anyone is thinking about a short right now; they've been short since 45783 (apart from Jakes, Delta and Blyth).

 

It's painful to be short, brother! 

 

Happy trading.

 

 

Its catch up time..and shorts are bound to be shaking soon

[delta66]

until pressure on underlying US job market abates..equities will remain in demand and dare i say go "higher"

[Beorn]

I have no idea why US markets are moving higher.<br />But I'm not complaining.

[delta66]

i have money on...UP!

 

just my view, you guys(bears) have really tested my resilience lately

[bear catcher]

Delta what do you think up or down tomorrow?

[delta66]

dow=free money/giveaway hour

[Roundtree]

I'll go to bed with that thought. Tomorrow is another day.
Blessed trading +

Sent from my GT-N8000 using Sharenet Sharechat mobile app

Cheers, brother.

[mx125]

During your grandmothers days the market dynamics was totally different!!  There was no such thing as shorting stocks and neither could you trade the index!!
 
Advent of shorting has changed the playing field and dynamics of investing totally...
 
 
Also greed has become a factor hence the introduction of CFDs and SSFs...These have become the biggest weapons of mass destruction in the world!!!

I get your point, brother. You make an interesting point. But here's something else I'm getting: just like every other trader out there, we keep blaming everything and everyone around us but ourselves! For example, my grandmother can short shares nowadays, but she doesn't.
 
CFD's are there because the actual share price has become almost unaffordable. Expensive. We say it's expensive because the P/E ratio or some funny indicator says it is. My grandmother doesn't think it's expensive and that she should consequently sell. No, she keeps it. She held on to those shares through a lot of dips in the market when all the college-educated traders with their indicators were selling. That includes the one that the snake-oil salesmen often use to scare us - 2008. She held through that period as well. Six years later my grandmother's smiling again. The ALSI is up 97% since the 2008 high. The sky didn't fall after all.
 
But anyway, thanks for your views, brother. I guess what I'm trying to say is: there's a man behind the curtain and we are just puppets. Funny how it's so much easier to trick the so-called educated folk than it is to trick the illiterate ones. I guess we're too smart for our own good.
 
Happy days, brother. Tomorrow's another day.

I'll go to bed with that thought. Tomorrow is another day.
Blessed trading +

Sent from my GT-N8000 using Sharenet Sharechat mobile app

[Roundtree]

During your grandmothers days the market dynamics was totally different!!  There was no such thing as shorting stocks and neither could you trade the index!!

 

Advent of shorting has changed the playing field and dynamics of investing totally...

 

 

Also greed has become a factor hence the introduction of CFDs and SSFs...These have become the biggest weapons of mass destruction in the world!!!

I get your point, brother. You make an interesting point. But here's something else I'm getting: just like every other trader out there, we keep blaming everything and everyone around us but ourselves! For example, my grandmother can short shares nowadays, but she doesn't.

 

CFD's are there because the actual share price has become almost unaffordable. Expensive. We say it's expensive because the P/E ratio or some funny indicator says it is. My grandmother doesn't think it's expensive and that she should consequently sell. No, she keeps it. She held on to those shares through a lot of dips in the market when all the college-educated traders with their indicators were selling. That includes the one that the snake-oil salesmen often use to scare us - 2008. She held through that period as well. Six years later my grandmother's smiling again. The ALSI is up 97% since the 2008 high. The sky didn't fall after all.

 

But anyway, thanks for your views, brother. I guess what I'm trying to say is: there's a man behind the curtain and we are just puppets. Funny how it's so much easier to trick the so-called educated folk than it is to trick the illiterate ones. I guess we're too smart for our own good.

 

Happy days, brother. Tomorrow's another day.

Edited by Roundtree, 20 August 2014 - 09:09 PM.

[bear catcher]

If I may ask Bear...Did you credit your account to make that up or use what you had left?

Ettas I had 12k left and traded micro mostly long until I had 50k must say it was up and down then went cash again

[HDB]

My hearts bleeds for you, brother. 

 

But let me ask you a question: my grandmother who's seventy six, has a nice investment portfolio in her name. All she did was buy and hold and she came out on the other side smiling. I refuse to believe that she's sharper than you and I with respect to trading/investing. You and I probably spend a thousand times more time than she does interacting with the market; she only gets quarterly statements and she's done just fine.

 

Now my question is: are traders just plain dumb or are we being misled by brokers? How is it possible that someone without a college degree like my grandmother can do so exceptionally better than 99% of traders? What is the one thing we do with respect to trading that she doesn't do? Does she short stocks? Does she use indicators and moving averages? Why is that when we get technical about trading, we end up losing money? And the most important question is: Who are these people on these forums advocating that we use indicators and short the market? Have we been successful trading that way? Have they? If they haven't, why do they scream the loudest when another trader chooses to trade differently from them? Are they being paid to mislead? Or are they also unwittingly being misled but they just don't know it?

 

The other question is: why is it so easy for daytraders to take a short yet so hard to get out of that short if it's losing money? We seem to get out of losing long positions quicker than we do shorts.

 

There are more questions than answers, as the song goes.

 

Happy trading, brother. Hope you get out of that hole.

 

 

During your grandmothers days the market dynamics was totally different!!  There was no such thing as shorting stocks and neither could you trade the index!!

 

Advent of shorting has changed the playing field and dynamics of investing totally...

 

 

Also greed has become a factor hence the introduction of CFDs and SSFs...These have become the biggest weapons of mass destruction in the world!!!

Edited by HDB, 20 August 2014 - 08:28 PM.

[mx125]

Don't talk to me about pain. I still have a short running 42054, and since I have nothing to hide that short and only that one is R128 910.00 in the red. That is painful. Luckily I discovered you guys and now I've got a trading plan.   

My hearts bleeds for you, brother. 
 
But let me ask you a question: my grandmother who's seventy six, has a nice investment portfolio in her name. All she did was buy and hold and she came out on the other side smiling. I refuse to believe that she's sharper than you and I with respect to trading/investing. You and I probably spend a thousand times more time than she does interacting with the market; she only gets quarterly statements and she's done just fine.
 
Now my question is: are traders just plain dumb or are we being misled by brokers? How is it possible that someone without a college degree like my grandmother can do so exceptionally better than 99% of traders? What is the one thing we do with respect to trading that she doesn't do? Does she short stocks? Does she use indicators and moving averages? Why is that when we get technical about trading, we end up losing money? And the most important question is: Who are these people on these forums advocating that we use indicators and short the market? Have we been successful trading that way? Have they? If they haven't, why do they scream the loudest when another trader chooses to trade differently from them? Are they being paid to mislead? Or are they also unwittingly being misled but they just don't know it?
 
The other question is: why is it so easy for daytraders to take a short yet so hard to get out of that short if it's losing money? We seem to get out of losing long positions quicker than we do shorts.
 
There are more questions than answers, as the song goes.
 
Happy trading, brother. Hope you get out of that hole.

To answer your question. Yes we are stupid. But it takes a special kind of person to do what we are doing. We are all adrenalin junkies. The rush that goes through you when you take a position is like bungy jumping or riding a motorcycle fast. If you trade and you do it with a suit and tie in the comfort of your home, I will not be bluffed. You are adicted to adrenalin and your grandmother is not. We are unfortunately also control freaks. We want to be in control, which is a very, very bad habit and not something to be proud of. I am working very hard to try and change that but it is very difficult. Your Grandmother may also be a controll freak but the lack of technology in her younger years has hampered her from not taking her investments into her own hands. How blessed she is.
Blessed trading +



B

Sent from my GT-N8000 using Sharenet Sharechat mobile app

[Roundtree]

Don't talk to me about pain. I still have a short running 42054, and since I have nothing to hide that short and only that one is R128 910.00 in the red. That is painful. Luckily I discovered you guys and now I've got a trading plan.   

My hearts bleeds for you, brother. 

 

But let me ask you a question: my grandmother who's seventy six, has a nice investment portfolio in her name. All she did was buy and hold and she came out on the other side smiling. I refuse to believe that she's sharper than you and I with respect to trading/investing. You and I probably spend a thousand times more time than she does interacting with the market; she only gets quarterly statements and she's done just fine.

 

Now my question is: are traders just plain dumb or are we being misled by brokers? How is it possible that someone without a college degree like my grandmother can do so exceptionally better than 99% of traders? What is the one thing we do with respect to trading that she doesn't do? Does she short stocks? Does she use indicators and moving averages? Why is that when we get technical about trading, we end up losing money? And the most important question is: Who are these people on these forums advocating that we use indicators and short the market? Have we been successful trading that way? Have they? If they haven't, why do they scream the loudest when another trader chooses to trade differently from them? Are they being paid to mislead? Or are they also unwittingly being misled but they just don't know it?

 

The other question is: why is it so easy for daytraders to take a short yet so hard to get out of that short if it's losing money? We seem to get out of losing long positions quicker than we do shorts.

 

There are more questions than answers, as the song goes.

 

Happy trading, brother. Hope you get out of that hole.

[Ettas]

Mx I feel for you I had a simular situation end of 2012 lost 72 k but learnt a lesson.Luckily I have made it back.I allso now feel at ease with my short of 46320

If I may ask Bear...Did you credit your account to make that up or use what you had left?

[davidp13]

my last post read - Viva la bull...eish. As i got to my destination I saw things were not looking good so closed all my trades on ALSI. Monday(not telling my wife as she will kill while on holz) went long SPX 1959 and Tuesday long EURZAR, USDZAR and USDJPY. Checked in just now.

BEST HOLIDAY GIFT IN A WHILE

[mx125]

I feel for you mx, that should be really painful

 

Mx I feel for you I had a simular situation end of 2012 lost 72 k but learnt a lesson.Luckily I have made it back.I allso now feel at ease with my short of 46320

Thanks guys. Good to know I'm not the first to get caught like that. Thanks for the support. 

[mx125]

Mx I feel for you I had a simular situation end of 2012 lost 72 k but learnt a lesson.Luckily I have made it back.I allso now feel at ease with my short of 46320

Bear, why did you go short here.