93 replies to this topic

[JJBen]

Immobilier wrote on Wed, 13 March 2013 22:03

The Happy Trader wrote on Wed, 13 March 2013 21:36 Could be.... so let me tell you. In the past 12 years trading full time as pro for one of the largest brokerages in SA and the past 5 years full time from the comfort of my private home office I have been in the money 48 out of 62 times taking this approach. Maybe your right, no such thing a quick buck. Then maybe its funny that more than 500 daily followers of my trades and trading style on talk shows and facebook would confess that just last week on a LONG position on APN from 164.80 with a close on 195.20 (two days ago) a R10k investment yielded R18K profit. No maybe its not a "quick making money trade". But hey you know maybe you should also just kick the note on the pavement next time, because what real note would just lay around..... Thought the blogg would treat people better. Another trader. This time with "credentials" and a home office nogal...

THT:

First of all - welcome.

Please read the sticky third from the top of the Sharechat page titled : "Sharechat Message Posting Policy" If you are here to promote your services, please post under the commercial section.

Secondly, if you have a success rate of at least 77%, you don't need 500 followers or facebook groups to follow your "trading style". You can make enough money with your own capital - in the comfort of you private home office of course.

[The Happy Trader]

All that I was saying is that I have been successful in the majority of trades with this type of scenario.

Nothing is cast in stone and it could work against you as well.

Its about taking opportunities isn't it?

I am still Short on EXX,and BIL.

Entered TIGER @ 30125 this morning LONG.

Like MPC on the 115 and 116 levels though.

THT

[OceanWalz]

I agree w Christodeb, it depends on market direction - if you shorted Kumba last week on expectation of the iron ore prices slowly falling bec of handbrake is being applied on the Chinese economy , then the price would have fattened pre Ldt , and fell a lot more than the divi amount (go check it out) bec many people dependant on the divi were just waiting for that payment before selling. if China were encouraging growth I would have bought KIO a week or two before LDT date to recieve a good divi and most likely to sell later even more than I paid for the share. so , the truth to the HAppy Jester assertion of buying Santam for dividend will tell us more about the market direction and not buying for divis fixed rule

[orca]

Well, let's see. Paper trade SNT this afternoon and check it out tomorrow.

[christodeb]

If you trade strong stocks in a good uptrend, trading for the divi should work most times. Obviously you need to adjust your stop loss levels accordingly, but more often than not they recover very quickly as many people see the drop in price as a good time to enter a trade.

[bulls]

Immobilier wrote on Wed, 13 March 2013 22:03

The Happy Trader wrote on Wed, 13 March 2013 21:36 Could be.... so let me tell you. In the past 12 years trading full time as pro for one of the largest brokerages in SA and the past 5 years full time from the comfort of my private home office I have been in the money 48 out of 62 times taking this approach. Maybe your right, no such thing a quick buck. Then maybe its funny that more than 500 daily followers of my trades and trading style on talk shows and facebook would confess that just last week on a LONG position on APN from 164.80 with a close on 195.20 (two days ago) a R10k investment yielded R18K profit. No maybe its not a "quick making money trade". But hey you know maybe you should also just kick the note on the pavement next time, because what real note would just lay around..... Thought the blogg would treat people better. Another trader. This time with "credentials" and a home office nogal...

if he is an experienced trader he will surely know that trading just for the divi does not work.
yawn.......
we have done this exercise many times.
to buy on ldt and sell on the following monday provided the share does not move at all(apart from the divi amount) you will be down about 15% because of divi tax.

[Immobilier]

The Happy Trader wrote on Wed, 13 March 2013 21:36

Could be.... so let me tell you. In the past 12 years trading full time as pro for one of the largest brokerages in SA and the past 5 years full time from the comfort of my private home office I have been in the money 48 out of 62 times taking this approach. Maybe your right, no such thing a quick buck. Then maybe its funny that more than 500 daily followers of my trades and trading style on talk shows and facebook would confess that just last week on a LONG position on APN from 164.80 with a close on 195.20 (two days ago) a R10k investment yielded R18K profit. No maybe its not a "quick making money trade". But hey you know maybe you should also just kick the note on the pavement next time, because what real note would just lay around..... Thought the blogg would treat people better.

Another trader. This time with "credentials" and a home office nogal...

[HDB]

buying and selling because of divis hardly works!! Its been done here and guys have got burnt! But hay if it works for you good luck!!

[The Happy Trader]

Could be....

so let me tell you.

In the past 12 years trading full time as pro for one of the largest brokerages in SA and the past 5 years full time from the comfort of my private home office I have been in the money 48 out of 62 times taking this approach.

Maybe your right, no such thing a quick buck.

Then maybe its funny that more than 500 daily followers of my trades and trading style on talk shows and facebook would confess that just last week on a LONG position on APN from 164.80 with a close on 195.20 (two days ago) a R10k investment yielded R18K profit.

No maybe its not a "quick making money trade".
But hey you know maybe you should also just kick the note on the pavement next time, because what real note would just lay around.....

Thought the blogg would treat people better.

[HDB]

The Happy Trader wrote on Wed, 13 March 2013 21:11

Evening Guys, so here's a scenario... LDT for SNT dividend is the 14th EX dividend on the 15th. Dividend payout R4ps. So only enter a long position @ 16.25 on the 14th with 1000positions for stocks. (This would get you to qualify for the dividend). Follow the auction matching on the 15th and Close just after 9 as close to the opening as possible. Even take a short position.... This would mean... A quick and relatively easy R4K on a R23K investment. Ever taken this approach?? Would be interesting getting your view on it guys. JUST A SCENARIO. THT

Get real!!!
No such thing as quick and easy was to make money!!

[The Happy Trader]

Evening Guys,

so here's a scenario...

LDT for SNT dividend is the 14th EX dividend on the 15th.

Dividend payout R4ps.

So only enter a long position @ 16.25 on the 14th with 1000positions for stocks. (This would get you to qualify for the dividend).

Follow the auction matching on the 15th and Close just after 9 as close to the opening as possible. Even take a short position....

This would mean...

A quick and relatively easy R4K on a R23K investment.

Ever taken this approach??

Would be interesting getting your view on it guys.

JUST A SCENARIO.

THT

[Nick B]

orca wrote on Wed, 13 March 2013 18:55

What I don't get is the Stochastic shows oversold in your chart but it shows overbought in other timeframes.

The cahrt I put up is a daily chart.
If you look at different time frames the stoch can differ considerably because it is only looking at what happened in the last 3, 5 10 minutes.
If you look at a 3 minute time frame and every trade in the last half an hour or so has gone to the buyers, the stoch will be over sold.
Change to an hourly time frame, and if the majority of the trades were sellers, the stoch will be over bought.
Depending on your trading strategy, short, medium or long term you look at the appropriate tiem frame.
If you were looking to buy and sell every few minutes you have to look at a 3-5 minute time frame to see when a share is over or under sold.
Medium term - I look at the daily time frame as I am looking at buying and selling every few days.
Long term - look at the weekly or monthly time frame.
Each chart will show you a differnt stoch and you trade accordingly.

[orca]

What I don't get is the Stochastic shows oversold in your chart but it shows overbought in other timeframes.

[orca]

What is "OS"? Ahh. Got it. It means Oversold?

[Nick B]

orca wrote on Wed, 13 March 2013 18:18

The Happy Trader wrote on Wed, 13 March 2013 11:12 Good day guys. Interesting read I must say. Does Volume and Liquidity matter to your picks?? OBV and MFI's could be very useful techniques to apply. I will follow your updates... OBV and MFI's could be very useful techniques to apply. What are these?

OBV = On-Balance Volume
Never really grasped the theory - based on a graph showing whether there are large numbers of buyers accumulating shares or a number of sellers dumping their shares. If a few big sellers are getting rid of their shares in a certain stock then it normally means that it is going to start heading south. I do look at candle stick graphs which do show whether the buyers or sellers are winning - so I suppose indirectly I do look at it.

MFI = Money Flow Index - uses a number of variables to show whether a share is over-bought or sold. Again, I look at the Stock Os to get similar information.

[orca]

The Happy Trader wrote on Wed, 13 March 2013 11:12

Good day guys. Interesting read I must say. Does Volume and Liquidity matter to your picks?? OBV and MFI's could be very useful techniques to apply. I will follow your updates...

OBV and MFI's could be very useful techniques to apply.
What are these?

[The Happy Trader]

Good day guys. Interesting read I must say.

Does Volume and Liquidity matter to your picks??

OBV and MFI's could be very useful techniques to apply.

I will follow your updates...

[BBW]

orca wrote on Tue, 12 March 2013 19:01

Very much thanks Vader. My palpitations have subsided now.

Ditto!

[orca]

Very much thanks Vader. My palpitations have subsided now.

[Nick B]

orca wrote on Tue, 12 March 2013 18:32

Vader. Can you look at CML on your charts to see how far it fell below the 20MA? It was supposed to bounce off it but seems like it has gone down further than normal. Thanks.

Yip, just below, but has done this a few times in the past and has bounced back the following day. I would not be too concerned - today was a rough day all round. Also over-sold on stoch.