35854 replies to this topic

[RusQ]

South Africa 40 Cash on IG, single stock CFDs and options 

mhmm - options?

 

i did register last week for those - seems a goodish way to enhance returns? let me study them a bit more, maybe will sell the first ones next week...

[sequoia]

NO attack!

 

thank you for the refresher on the basics 

 

my system fired a short - i took it - is all...

 

Thanks RusQ!

 

That's the thing, many ways to skin a cat so to speak but the only way to be a winner in this zero sum game is to follow your own trading method that suits your abilities, timeframe, risk tolerance, behavioural biases and psychology.

[RusQ]

Just noting how I choose to trade. Not saying anything against anybody else's strategy so please don't take this as an attack 

NO attack!

 

thank you for the refresher on the basics 

 

my system fired a short - i took it - is all...

[sequoia]

Hi S,

 

What products do you trade?

 

A

 

South Africa 40 Cash on IG, single stock CFDs and options 

[Argento]

Posted this when top40 was 46,000 on Friday afternoon, that is 1,000 points I have made purely by ignoring the noise and sitting tight.

 

Works for me.

 

Now I can 'handle' a 1,000 point drop to break-even as compared to where I was on Friday afternoon.  I am 1,000 points up compared to having no trade on. Imagine if I had been going short in a bull market? Damage would be 1,000 instead of 1,000 gain.

Hi S,

 

What products do you trade?

 

A

[sequoia]

Posted this when top40 was 46,000 on Friday afternoon, that is 1,000 points I have made purely by ignoring the noise and sitting tight.

 

Works for me.

 

Now I can 'handle' a 1,000 point drop to break-even as compared to where I was on Friday afternoon.  I am 1,000 points up compared to having no trade on. Imagine if I had been going short in a bull market? Damage would be 1,000 instead of 1,000 gain.

 

Just noting how I choose to trade. Not saying anything against anybody else's strategy so please don't take this as an attack 

[Argento]

This will be a good test for if that 1st of the month theory works....so it goes that when mr market rallies hard (and stay up) first day of the month it usually is a bullish month...we had a 1.3% up day on the 1st, so depending on what reversal signal (doji/engulfing) we get we will know soon!

 

IMO if we get a engulfing candle tomorrow changes are good the bull is back...and will go long!So that means today she will stay red (red maribuzo) and could still go bit lower!

 

It is just us falling (US futures flat) and an impulsive drop that usually signals the end of a down phase...always wait for the signal!

 

A

Remember this....month should end strong!(Given a few distribution moves possibly)

 

A

[sequoia]

Puts expired OTM and market action as predicted. Have a good weekend folks. Bull to continue next week

 

Posted this when top40 was 46,000 on Friday afternoon, that is 1,000 points I have made purely by ignoring the noise and sitting tight.

 

Works for me.

 

Now I can 'handle' a 1,000 point drop to break-even as compared to where I was on Friday afternoon.  I am 1,000 points up compared to having no trade on. Imagine if I had been going short in a bull market? Damage would be 1,000 instead of 1,000 gain.

[delta66]

Pulling back again boys..... Buy the dip!!!!

[sequoia]

if you are struggling to hold onto a position that is merely taking a breather, your positions are too big

[grantmu]

Suddenly I remember why I have difficulty sitting tight

       

[Ninja]

Pulling back again boys..... Buy the dip!!!!

[Wingnut]

Suddenly I remember why I have difficulty sitting tight

 

[grantmu]

IF this turns into a reversal, so close to the previous top, bulls may not like it for a wee bit.

 

'sit tight' may ruin your chair

always use a cushion on the chair, don't want to suck up the leather, lost a few cushions. 

[OceanWalz]

sometimes patience can cause traders to become a patient in the hospital for stress. 

 - YEp, a bed by the window!

[RusQ]

IF this turns into a reversal, so close to the previous top, bulls may not like it for a wee bit.

 

'sit tight' may ruin your chair

[warnerbroers]

This leg is more like b until it breaks something.

Although the 3-4a was 84% of 1-2 (maybe short term low volume high sentiment afflicted).

The gap and lack of form in this wave appears without adequate excuse.

And now equal legs trip brings in bounce circa 47000 (futures)  ?

Hi V, so are you saying we are already in intermediate iv down? if so whats your estimate for the bottom? thanks.

[grantmu]

Once went to dr and was busy closing a trade or entering a trade when it was my turn to go in....still working on my pad when I sat down. Took my blood pressure and said I must relax ....will wait a bit in order to take it again...was too high...well he did not know what I was doing whilst walking into his office.

you know that feeling when you can hear your hart beat in the ears, usually happens when I have a 500 point trailing stop about to be hit and I only opened the trade 2 hours ago. But if the market turns before blowing me out better than any drug, who need to buy drugs, wast of money, get in on the market, probably more expensive but much bigger kick. 

 

G

Edited by grantmu, 16 July 2014 - 04:18 PM.

[Plasma]

oh well, patience is virtue they say , a profitable one in the case of trading

sometimes patience can cause traders to become a patient in the hospital for stress.

Once went to dr and was busy closing a trade or entering a trade when it was my turn to go in....still working on my pad when I sat down. Took my blood pressure and said I must relax ....will wait a bit in order to take it again...was too high...well he did not know what I was doing whilst walking into his office.

[grantmu]

Imagine...3000 down and 4000 back up....o ye!

David Petch said one can make significant returns with the waves coming...and he is right!

 

A

I am in, in, in, in,

 

anything over 2000 will be good for me