7058 replies to this topic

[TheSource187]

Hi guys, I'm just a little guy, a beginner. I would like to know if anyone in here would like to like help me create a trading algorithm, just a simple automated trading strategy please please please, pretty please. I want to try to create something that buys on a 13/48 EMA crossover to the upside, and short on the down. Just that simple, I'm new to trading and would just like to see how that works. 

 

[alexander]

Went long on NPN @1285-00

[zombii]

Closed SHF at 5255. Looks like it might struggle to stay above 5300.

[yusufm]

Buying WHLN under 1375c at auction, if it matches...

Bought 1400, TP 1550.

[TheSource187]

I trade only CFD's

 

my advice (from many scars and wounds)

 

I) position sizing - keep each trade relatively small, most say no more than 2% of available capital I have been more aggressive and gone to 5%.

ii) don't be greedy, sell winning positions when you reach your target return and religiously do this even when you think there in momentum in the stock

iii) maintain a healthy pot of liquidity to cover margin calls coz drastic adverse moves in a counter you are invested in could cause serious damage both to portfolio and ego

iv) try stop losses they save the portfolio but set them to tight and they can wreck havoc

v) pick a trade, back your conviction it should work and on a bad day ..............PRAY

Which strategy do you use to trade them, trend trading, day trading or swing trading? I'm currently swing trading, just trying to ride the ups and downs but its going way too slow, I'm very impatient so I'm thinking of closing my positions and day trading the ALSI mini. My stock picks are pretty decent, out of 7 trades, 6 are working. But its frustrating to see them up nicely during the day and then close lower, its too slow for me. I'm not really that greedy, I know the market gives and the market takes, I'm just impatient, I don't like watching the stocks go up and down only to have it back at the same price I bought it a week ago. 

Edited by TheSource187, 09 September 2014 - 09:23 PM.

[delta66]

I trade only CFD's

 

my advice (from many scars and wounds)

 

I) position sizing - keep each trade relatively small, most say no more than 2% of available capital I have been more aggressive and gone to 5%.

ii) don't be greedy, sell winning positions when you reach your target return and religiously do this even when you think there in momentum in the stock

iii) maintain a healthy pot of liquidity to cover margin calls coz drastic adverse moves in a counter you are invested in could cause serious damage both to portfolio and ego

iv) try stop losses they save the portfolio but set them to tight and they can wreck havoc

v) pick a trade, back your conviction it should work and on a bad day ..............PRAY

"LIKE"

[Eagle7]

I trade only CFD's

 

my advice (from many scars and wounds)

 

I) position sizing - keep each trade relatively small, most say no more than 2% of available capital I have been more aggressive and gone to 5%.

ii) don't be greedy, sell winning positions when you reach your target return and religiously do this even when you think there in momentum in the stock

iii) maintain a healthy pot of liquidity to cover margin calls coz drastic adverse moves in a counter you are invested in could cause serious damage both to portfolio and ego

iv) try stop losses they save the portfolio but set them to tight and they can wreck havoc

v) pick a trade, back your conviction it should work and on a bad day ..............PRAY

 

 

[TheSource187]

I'm not much of a CFD trader so can't really advise. I trade small/midcaps most of the time. I only trade CFDs when there's news I can act on (like the SHF results, WHL rights, etc). 

Oki I see.

[yusufm]

Good job, in your opinion, what's the best way to grow a small cfd account, swing trading or day trading? 

I'm not much of a CFD trader so can't really advise. I trade small/midcaps most of the time. I only trade CFDs when there's news I can act on (like the SHF results, WHL rights, etc). 

[TheSource187]

closed at 5250c

Good job, in your opinion, what's the best way to grow a small cfd account, swing trading or day trading? 

[yusufm]

Buying WHLN under 1375c at auction, if it matches...

Edited by yusufm1, 09 September 2014 - 04:57 PM.

[yusufm]

Bought SHF 5080cps. Good results on the surface at least

closed at 5250c

[jhwolmarans]

5300 by end of the day, otherwise I'll want 5500 by end of the week.

 

I wouldn't recommend a short at anything below 5700 I think

If SHF can clear R53.00 it can shoot up quickly.

[TheSource187]

5300 by end of the day, otherwise I'll want 5500 by end of the week.

 

I wouldn't recommend a short at anything below 5700 I think

Interesting, my target to short is @ 52.57, if I can sell some of my other positions I'll take that trade but don't feel like selling anything now, they're all going good so far.

[yusufm]

What's your target on it?

5300 by end of the day, otherwise I'll want 5500 by end of the week.

 

I wouldn't recommend a short at anything below 5700 I think

[TheSource187]

Yep, I pretty much doubled up my position at 4895. Riding it to the moon now.

lol, am I the only one waiting to short this stock.

[TheSource187]

Bought SHF 5080cps. Good results on the surface at least

What's your target on it?

[zombii]

Bought SHF 5080cps. Good results on the surface at least

 

Yep, I pretty much doubled up my position at 4895. Riding it to the moon now.

[yusufm]

Bought SHF 5080cps. Good results on the surface at least

[TheSource187]

you will have to search the SENS. I must warn you though. Trading in the rights offer shares is highly risky, as in some instances they become worthless. Make sure you only trade in liquid companies like WHL. Look up a company with the code ECS. Their rights offer shares are currently being traded at 1c each and sellers will be lucky to get even that

Yep, thanks for the heads up, I saw this company also recently had a rights issue (HUGE GROUP LIMITED), I don't ever trade small caps though, I try to trade 'em from R50 and higher.