7058 replies to this topic

[delta66]

what do you think of an aspen long around here?

must say i'm interested, been watching price action this morning

[delta66]

typical VOD trade..gives me a hiding straight out of the gate   this time, took a small position with a view to add

[cuzin]

ANG getting hammered, glad i'm not long here

what do you think of an aspen long around here?

[AJS]

Yes. Too close??

 

Well... No, I was actually thinking that is one hell of a way down.  What is your TP then to make the risk/reward still decent? For me a break below R300 would be the first warning sign and then maybe 295-294-ish.  

 

I was just wondering though...

[delta66]

ANG getting hammered, glad i'm not long here

[BBW]

Your stop is at R280? 

Yes. Too close??

[AJS]

Sorry!! Looked at my SL  . Got them just under 305

 

Your stop is at R280? 

[delta66]

Got them just under 305

nice!!

[BBW]

  how u get that   u mean 308.00?  hang tough, it'll turn

Sorry!! Looked at my SL  . Got them just under 305

[delta66]

Got some BIL just under 280 

  how u get that   u mean 308.00?  hang tough, it'll turn

[BBW]

Got some BIL just under 280 

[AJS]

Think SOL poses a good buying opportunity at these support levels.

[delta66]

OK, first buy..VOD 119.49

[delta66]

..tempted to start accumulating VOD just under 120.00

[delta66]

long SAB 519.00

[delta66]

Trying to figure out the best way to increase my position in running/gaining trades in a good way. Any suggestions?

for me it's a case of never adding when a trade is in the green. i only add when running against me but can recall several trades that could of worked extremely well had i added on their momentum.

[BBW]

Thanks. Seems to have very much the same thinking as I do. I do a 2nd buy-in at +-4-5% draw-down and will then consider a 3rd buy-in or SL at another 4-5% down, depending on supports, news and fundamentals.

 

But that's the easy part; taking profit is still a "taai tameletjie".

Trying to figure out the best way to increase my position in running/gaining trades in a good way. Any suggestions?

[BBW]

difficult for me to answer the draw down % as every trade differs, suffice to say i rarely close trades losing even on averaged down positions when/if a trade approaches uncomfortable exposure" i then only set a stop around 2% of the capital.

Thanks. Seems to have very much the same thinking as I do. I do a 2nd buy-in at +-4-5% draw-down and will then consider a 3rd buy-in or SL at another 4-5% down, depending on supports, news and fundamentals.

 

But that's the easy part; taking profit is still a "taai tameletjie".

Edited by BBW, 02 December 2013 - 02:09 PM.

[delta66]

What is your draw-down on your first trade before you open the second, and where do you put your SL then?

difficult for me to answer the draw down % as every trade differs, suffice to say i rarely close trades losing even on averaged down positions when/if a trade approaches uncomfortable exposure" i then only set a stop around 2% of the capital.

[BBW]

good strategy..i use a similar discipline in 80% of my trades with very few losses to win ratio

What is your draw-down on your first trade before you open the second, and where do you put your SL then?