116 replies to this topic

[Plasma]

Ben Carslon

Remember, there’s a difference between losing money and being wrong. Just because you lose money does not mean you made a wrong decision, as long as you stayed true to your investment discipline. And just because the market works in your favor, doesn’t mean you made a good decision. In fact, being rewarded from making a poor decision is one of the worst things that can happen to an investor, because you think it can happen again.

Over time luck eventually runs out if you’re planning on the market agreeing with your investment stance every time you make a buy or sell decision. Learning how to lose money is actually much more important than learning how to make money. If you’re able to accept a loss that was out of your control, that’s a great first step in becoming a better investor.

It’s something that’s going to happen again and again over time so you just have to get used to it. If you have a disciplined process that you follow and the market goes against you, you can’t be mad. This just happens sometimes.

Making a decision off the cuff, outside of your plan, is where the wheels can start to fall off. Because then you start to feel either invincible or angry, depending on how it works out. If you somehow time a move perfectly by using your your intuition, then there’s a good chance hubris sets in. And when your gut instinct is wrong, that’s when you start to lash out at the market and get angry. You begin to take credit when you’re right, but blame the market when you’re wrong. This is not the emotional state you want to find yourself in when managing money.

It comes down to the old adage of process over outcomes, but it’s also about focusing on what you can control, which doesn’t include which way the market is going. You should never take it personally when the market goes against you. A solid process should prevail over time, even if it means be wrong every once and a while. This changes decisions from being correct or incorrect to good or bad, an important distinction.

[strydomk]

The satrix 40 tracks the top 40. Is to whether you buy or not is up to you. Personally I am short the satrix 40 and am using it as a hedge for the shares I am buying. I think the rest of the year could be quite a rough ride.

[Sugafoot]

Morning all...<br /><br />Just a quick one<br />I'm interested in investing in the Satrix Top 40 fund...<br />As the actual Top 40 had decreased by +-10%, would the fund also show such a similar loss?<br />Would it be therefore an opportune time invest?<br /><br />Your insights will be much appreciated,

[Sugafoot]

Hi everyone...<br /><br />So it's occurred to me that I often buy too small a quantity when dealing in shares of a certain company. This is often precipitated by cash availability or with me just taking a punt...<br /><br />When you guys started out, were you also making such mistakes?<br /><br />In order to make a meaningful trade, what is the minimum number of shares should one buy?

[HDB]

Hey hey hey

 

Lets keep it this thread clean!! no politics, rugby or religion!! Im in Durban as well now. More than happy to show you the error of your ways over a cold one someday 

   

[Ettas]

iam a sharkie Ettas!!

 

Black and white...Dynamite!!!

Hey hey hey

 

Lets keep it this thread clean!! no politics, rugby or religion!! Im in Durban as well now. More than happy to show you the error of your ways over a cold one someday 

[HDB]

iam a sharkie Ettas!!

 

Black and white...Dynamite!!!

[Ettas]

Im in Durban bro....

 

Do it urself...Its pretty easy stuff....!!

Durban box as well hey...we should have a beer or a surf together one day...

[HDB]

Operator, I need someone to do my taxes. In Jhb. Someone that understands trading...

Any recommendations?

Cheers

Im in Durban bro....

 

Do it urself...Its pretty easy stuff....!!

[gamma]

Operator, I need someone to do my taxes. In Jhb. Someone that understands trading...

Any recommendations?

Cheers

[HDB]

The other part to the inquiry was when is the T40 reshuffled..?

Say GLN hits the 5% threshold when does that occur futures close perhaps..?

Cheers.

next reshuffle end September!!

[soutie]

The other part to the inquiry was when is the T40 reshuffled..?

Say GLN hits the 5% threshold when does that occur futures close perhaps..?

Cheers.

[HDB]

Ah..!  5% of it's market cap now me gets it

Thanks HDB 

actually with the share price going up nicely, market cap also shoots up which makes that 5% cut off even more difficult to hit !!

[soutie]

Ah..!  5% of it's market cap now me gets it

Thanks HDB 

[HDB]

boom boom time boys!!

[HDB]

When is the time when the Top 40 is shuffled. Reason is I'm in Glencore in a medium sized position in both equity & CFD

Now I've noticed some days like today volume is high with good support.

I know that ?% must be held by local funds in order to qualify for inclusion but no idea as to when that could be...!

While this is not going to influence my equity stake. Holding costs are niggling my CFD position though.

Many thanks to the informed response in advance.

Hi Soutie

 

Glencore has its primary listing in London and is also listed in Hong Kong ...the company is not yet included in the JSE’s Top 40 Index because local ownership levels remain low and below the threshold in terms of the JSE requirements!!

At least five percent of the market cap of a company  needs to be held by locals before the stock can be included in the JSE indices. That five percent threshold would be in market cap terms.  South Africans have to own five percent of the company, which is round about 38 billion which is huge in any terms!! There is a book build in process but this requirement has not been met yet.

I reckon with the share price  going up and resources back in favour, this requirement will be met in the next 3 months!!

[soutie]

When is the time when the Top 40 is shuffled. Reason is I'm in Glencore in a medium sized position in both equity & CFD

Now I've noticed some days like today volume is high with good support.

I know that ?% must be held by local funds in order to qualify for inclusion but no idea as to when that could be...!

While this is not going to influence my equity stake. Holding costs are niggling my CFD position though.

Many thanks to the informed response in advance.

[Vintage_Strat]

Hi

 

No not CCi based but a simple yet one of the strongest charting tool.....inverse head and shoulders!!

 

Use a daily chart...ull see the inverse h&s  strating from about 17 April with left shoulder, head around 1 June and another small right shoulder thereafter!!

 

It broke the neckline around R13.70 today and hence you can see the techies jumping in today...up nearly 4%!!

 

U can also use the stoch indicator which shows oversold too so definitely a rally will be and is under way!!!

 

Thank you. I had missed the inverse H&S..

It's quite clear when you look at it on the daily chart (which i wasn't looking at).

[HDB]

PNC breakout....target to about R16.00 minimum!!

 S0rry make that target R18.00 which is based on the height of the inverse h & s projected upwards!!