Jump to content


Photo
- - - - -

Advise on Trading


  • Please log in to reply
18 replies to this topic

#1 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 22 November 2018 - 02:16 PM

Don't ever get discouraged by other peoples success, no one is showing their failures online unless they posting their actual trades..!!!!

  • 0

#2 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 20 November 2018 - 12:40 PM

Don't let other's opinions shake you out of your trades. Learn to trust your system/ your process/ your edge /your opinions.

 

Always...........


  • 0

#3 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 20 November 2018 - 12:37 PM

When trading an index, never ever hedge a position. Hedging an index is the play of fools who do not know what they are doing. By taking a trade , you either get it right or wrong. Why hedge a wrong position? Wrong is wrong and your stop should help you limit your damage. Why hedge it with another opposite position as all you are doing is confirming you were wrong in the first place.

You never want to give the market the power to make you act like a cornered animal. Yet there are a few things that people do that virtually guarantee that they'll end up behaving this way.


  • 0

#4 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 19 November 2018 - 08:59 PM

When trading an index, never ever hedge a position. Hedging an index is the play of fools who do not know what they are doing. By taking a trade , you either get it right or wrong. Why hedge a wrong position? Wrong is wrong and your stop should help you limit your damage. Why hedge it with another opposite position as all you are doing is confirming you were wrong in the first place.


  • 0

#5 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 13 November 2018 - 10:53 PM

You do not have to wear a suit and tie or be college graduate or be a sales manager  or believe in the stars or astrology or be a big boy or be an IT specialist or be a con artist or be a narcissist or be an artist  or be a faker or use scientific calculations  to make money in Trading.

 

All you need is some capital , a good model computer , a fast adsl line , a good tried and tested developed system that has an edge and protects your capital at all costs, a good broker  and finally a control of your emotions to make good money as a trader.. SIMPLE..

 

Today it never has been easier to trade..Mere click of a button in the  comfort of your home or office. 


  • 0

#6 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 10 November 2018 - 12:16 PM

 

 
Remember Trading is a high-performance activity and professional trading requires their full attention. Traders are 100% focused on their charts and price action.

 

 hence when i say 

 

Short @ 48400 on the TOP 40 thread..

 

1. I dont expect follow traders in the forum to follow the signal.

2. I have not got the time to explain the reason why i went short as i am a full time trader busy screen watching.

3. Some stated why do i use a thread as a diary. This merely shows what little they know about trading and their immature behavior towards me helping follow traders .

4. Newbie traders should go to there charts and look for reasons why i went long or short near that price. Its could be a resistance level , a support level, a double top, a double bottom, a head and shoulders break, an inverted head and shoulders break , a divergence signal, a money flow indicator signal, a volume signal,  a lower high break, a break of uptrend line etc etc. How else will newbies learn?

5. And then some one else posts why do i not  i post my system..

a. i get personal attacks from simple  systems already posted. All in black and white

b. Im here to help and not to spoon feed.

c. the trades posted on TOP 40 is  a guide to newbies that when you develop a system have  confidence in your system. Work on it, improve it and try to have an edge over the market. 

 

So newbies look at your charts and question yourself why did he enter this trade at this level. No trader is ever right but its a learning process for newbies to follow.  EG if i took a short at 48000 , and price rallied to 48200 , does mean i got it wrong .But it actually  means i  followed my system which i have confidence in. 48000 could have been an important resistance level but markets broke through it. So system said short but Mr Market though otherwise. So same system has to have stop losses built in to control those losses. And i also post my stop losses in case.. End of day i followed my system and no system is 100% perfect.


  • 0

#7 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 10 November 2018 - 11:45 AM

As a trader you have to make trading decisions autonomously because you have to live with the consequences.  When a trader asks for outside confirmation or needs to be spoon fed signals, he will not be able to grow as a trader because such traders usually give away all the responsibility. Learning from your own mistakes is critical for success. Furthermore, you must understand the reasoning behind a trade entry or any decision if you want to become a trader. Worse still is after taking a trade ,continuously irritating follow traders about targets and which direction price is about to go. . Once in a trade your r/r should be predetermined together with stop losses and targets. Its you who took the trade and you should know these levels, not your follow traders. Getting advise before a trade yes, not after the trade.
 
Remember Trading is a high-performance activity and professional trading requires their full attention. Traders are 100% focused on their charts and price action. if you are thinking about getting help after a trade you took or trying to argue with a trader by acting immaturely , the traders performance will suffer. Worse still again is not thanking a trader after he helps you in his busy schedule after you requested it. Important points for some here to learn.

  • 0

#8 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 10 November 2018 - 11:12 AM

As a trader you must have a risk reward ratio predetermined before you pull the trigger

 

What is the r/r ratio

 

basically in simple terms, if i invest R1.00 , how much i am prepared to win and how much am i prepared to lose.

 

EG  1:1

 

for every R1.00 i invest , im prepared to make R1.00 or lose R1.00

 

1:4

 

prepared to make R4.00 or lose R1.00

 

This is how you set your targets and stop loss

 

By working out your risk reward in such a way, all you need is a overall 60% hit rate on your system ie 6 out of 10 winning trades and  overall you will make money and be on your way to a successful trader.

 

 

Note : no system will ever ever give you a 100% win rate be it the best system you can buy or develop on your own...Therefore your system must be able to give you the edge hand in hand with your r/r ratio for it to be a winner.


  • 0

#9 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,463 posts

Posted 05 November 2018 - 11:24 AM

Admin needs to clean all these guys out!!

 

A

 

Wow touched a raw nerve there...!

I remember you could stand up for yourself once over.

I'll oblige & read from the sidelines until such as I feel.

Over & out with you muppets...


  • 0

Anyone need a heads up...!


#10 Argento

Argento

    The Artist

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 3,284 posts
  • LocationJohannesburg

Posted 05 November 2018 - 11:10 AM

OH For F#ck's sake get a room ALREADY...... :rolleyes:

The only diff between last time & now this recruitment drive is you targeted the seasoned ALSI guys...

Now it's all & sundry....!

Admin needs to clean all these guys out!!

 

A


  • 0

"Never never never give up!"



 


 

 
 

 


#11 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,463 posts

Posted 05 November 2018 - 11:07 AM

OH For F#ck's sake get a room ALREADY...... :rolleyes:

The only diff between last time & now this recruitment drive is you targeted the seasoned ALSI guys...

Now it's all & sundry....!


  • 0

Anyone need a heads up...!


#12 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 05 November 2018 - 11:03 AM

 Posted by Argento on 05 January 2015 - 04:32 PM

warnerbroers, on 05 Jan 2015 - 4:09 PM, said:snapback.png

hey A, where do you get your seasonal info from? thx.

Learning the hard way by trading against it through the years, but mostly from UBS and their cycles!

 

Best is to go back and study historical charts (don't always follow the same pattern but more or less), other key factors includes earnings season months, ECB meeting dates, futures close-out, Santa rallies (triple witching), seasonal bearish/bullish months etc

 

Jan  - Earning season month (first half bearish..second bullish)

Feb - Bullish but if Jan bullish followed by an uptrend then could be a top month (refer to previous years)

March - Bearish first half but futures close-out month so rally latter part

April - Earning season month (first half bearish..second bullish)

May - Tricky, sometimes bullish sometimes bearish but known as a very zig zag month

June - Mostly bearish but futures close-out month, after it is bullish...

July - Earning season month (first half bearish..second bullish)

August - Depend on bullmarket or bearmarket, if bull then bullish, if bear then bearish

September - Futures close-out month, first half bullish, second bearish

October - Earning season month (first half bearish..second bullish), also called month of bottoms

November - Bearish

December - First half bearish, latter bullish (Santa rally)

 

BUT...all of this must fit in with the tape, pattern and trend it is busy with!

 

Again, not set in stone but a good overall guideline!


  • 0

#13 Argento

Argento

    The Artist

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 3,284 posts
  • LocationJohannesburg

Posted 05 November 2018 - 11:01 AM

Coming from you A, i take that as a big compliment..

 

Guys if ever you want a mentor , this is the guy. Perfect gentleman, unlike me who can be rude and arrogant. Buy hay im a full time trader and you get what you see.. Only 5% make it in trading, and those 5% are normally rude and arrogant.. FACT!!

 

A,s specialty is seasonal trading.... With A's permission maybe i can post a post he did in sharechat a few years back before the interference when he left which had one of the highest reputations of all posts.. A can i copy and paste..

 

Need to get the good guys back here

Thanks Polly, kind words!

 

Sure, need the guys to learn as this wild thing can kill you...and need to be a beast to tame the beast!lol

 

A


  • 0

"Never never never give up!"



 


 

 
 

 


#14 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 05 November 2018 - 10:57 AM

Thanks Polly!!

 

Newbies, this is advice from the best, not a lot of consistent successful ALSI traders out there so food for thought.

 

A

Coming from you A, i take that as a big compliment..

 

Guys if ever you want a mentor , this is the guy. Perfect gentleman, unlike me who can be rude and arrogant. Buy hay im a full time trader and you get what you see.. Only 5% make it in trading, and those 5% are normally rude and arrogant.. FACT!!

 

A,s specialty is seasonal trading.... With A's permission maybe i can post a post he did in sharechat a few years back before the interference when he left which had one of the highest reputations of all posts.. A can i copy and paste..

 

Need to get the good guys back here


  • 0

#15 Argento

Argento

    The Artist

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 3,284 posts
  • LocationJohannesburg

Posted 05 November 2018 - 10:48 AM

1. Trading is a closed sum game. IE for every winner there is a loser unlike investing. And like any other game, you will get out from what you put in. Lots of time and effort needed to make in trading.

2. The most important advise i can give you over and over again on Trading: Protection of capital should be your first and only  priority when you enter the trading world. Always have a stop loss in place however good the trade may look. if you priority is make money , you will lose all your money  i promise you.

3.Do not wait for trade ideas from others . Work on being self reliant.

4. Initially trade small, preserve and then increase your trade size as you gain satisfying levels of proficiency,  Rome was not built in a day. 

5. Never compare yourself to others. That is a fools game

6. Read good books about trading before starting to trade

7. Try to get a mentor who has experience and has been long in the game. If not try to ask them better questions to improve your trading skills

8. Work on creating you own trading system. First thing is determine if you want to be a scalper, day trader, swing trader, medium term trader pr long term trader. For newbies i suggest try day trading first.

9. Also determine your time frame of charts you want to use. 5 min , 15 min, 30 min, i hr, 4 hr, daily etc

Practice , practice  and more practice on that time frame until your see recurring patters that will make you enter a trade.

10.Learn about charting techniques and  indicators that will help you in your charting. More does not mean better. First thing to learn about is support and resistance levels by means of trend lines. That is the start. Then try to learn about the different chart patters namely, head and shoulders, inverse head and shoulders, cup and handle, triangles, double bottoms, double tops, etc etc as they become more complicated

11. Put in the effort that will speed up your learning curve.

12. As a newbie do not put in very high goals.Be realistic. In your first year of trading you would be doing very well if you break even for the year. Hand in there as you will only get better. In fact it make take you a good three years before you actually can say you confident of making money. In the first year i have heard of traders busting their accounts a few times. Thus after a year decide if this trading is for you or not. 

13. Trading is a very emotional game. Its actually not about the markets , its about you. You will learn a lot of things about yourself you never knew. After a year decide if you have the temperament to continue or not.

14. If you a smoker, drinker, gambler or womanizer, i suggest you dont go into trading.

15. Like gambling, trading is very addictive. Only trade with money you are prepared to lose otherwise you can lose your house , your car, your wife and finally have your dad take care of you.

 

Plenty more advise and i will continue to give as time dictates.

 

Please remember rule number 2... Preserve your capital at all times Trade small.. The more chips you have , the longer you can play. No chips no play ( game over)

Thanks Polly!!

 

Newbies, this is advice from the best, not a lot of consistent successful ALSI traders out there so food for thought.

 

A


  • 0

"Never never never give up!"



 


 

 
 

 


#16 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 05 November 2018 - 09:25 AM

Thanks for the great advice Polly.

 

This specific post of yours all relates to general sound advice and principles.

You are not promoting any system and there is zero risk in following your advice.

And if someone doesn't like the advice they can ignore it and move on.

 

I do not know Snippet personally, but he/she is really coming across as an idiot.

Snippet's posts with historical graphs ads close to zero value for the majority of people coming here to learn, and I presume their posts to be from a point of jealousy and bitterness.

I have tried not to be involved in these posts as it spoils the entire experience on this site, but Snippet's constant negativity, false and ridiculous statements are beyond frustrating.

I have yet to see one specific example or substantiated fact about any of these general accusations.

Pretty much the same type of arguments my 2 and 4 year children make if they want attention.

My advise is put him on ignore like i have done and move on....

 

Do not be intimidated...Losers behave like this


  • 0

#17 Matrix

Matrix

    Member

  • Members
  • PipPip
  • 65 posts

Posted 05 November 2018 - 09:22 AM

1. Trading is a closed sum game. IE for every winner there is a loser unlike investing. And like any other game, you will get out from what you put in. Lots of time and effort needed to make in trading.

2. The most important advise i can give you over and over again on Trading: Protection of capital should be your first and only  priority when you enter the trading world. Always have a stop loss in place however good the trade may look. if you priority is make money , you will lose all your money  i promise you.

3.Do not wait for trade ideas from others . Work on being self reliant.

4. Initially trade small, preserve and then increase your trade size as you gain satisfying levels of proficiency,  Rome was not built in a day. 

5. Never compare yourself to others. That is a fools game

6. Read good books about trading before starting to trade

7. Try to get a mentor who has experience and has been long in the game. If not try to ask them better questions to improve your trading skills

8. Work on creating you own trading system. First thing is determine if you want to be a scalper, day trader, swing trader, medium term trader pr long term trader. For newbies i suggest try day trading first.

9. Also determine your time frame of charts you want to use. 5 min , 15 min, 30 min, i hr, 4 hr, daily etc

Practice , practice  and more practice on that time frame until your see recurring patters that will make you enter a trade.

10.Learn about charting techniques and  indicators that will help you in your charting. More does not mean better. First thing to learn about is support and resistance levels by means of trend lines. That is the start. Then try to learn about the different chart patters namely, head and shoulders, inverse head and shoulders, cup and handle, triangles, double bottoms, double tops, etc etc as they become more complicated

11. Put in the effort that will speed up your learning curve.

12. As a newbie do not put in very high goals.Be realistic. In your first year of trading you would be doing very well if you break even for the year. Hand in there as you will only get better. In fact it make take you a good three years before you actually can say you confident of making money. In the first year i have heard of traders busting their accounts a few times. Thus after a year decide if this trading is for you or not. 

13. Trading is a very emotional game. Its actually not about the markets , its about you. You will learn a lot of things about yourself you never knew. After a year decide if you have the temperament to continue or not.

14. If you a smoker, drinker, gambler or womanizer, i suggest you dont go into trading.

15. Like gambling, trading is very addictive. Only trade with money you are prepared to lose otherwise you can lose your house , your car, your wife and finally have your dad take care of you.

 

Plenty more advise and i will continue to give as time dictates.

 

Please remember rule number 2... Preserve your capital at all times Trade small.. The more chips you have , the longer you can play. No chips no play ( game over)

 

Thanks for the great advice Polly.

 

This specific post of yours all relates to general sound advice and principles.

You are not promoting any system and there is zero risk in following your advice.

And if someone doesn't like the advice they can ignore it and move on.

 

I do not know Snippet personally, but he/she is really coming across as an idiot.

Snippet's posts with historical graphs ads close to zero value for the majority of people coming here to learn, and I presume their posts to be from a point of jealousy and bitterness.

I have tried not to be involved in these posts as it spoils the entire experience on this site, but Snippet's constant negativity, false and ridiculous statements are beyond frustrating.

I have yet to see one specific example or substantiated fact about any of these general accusations.

Pretty much the same type of arguments my 2 and 4 year children make if they want attention.


  • 0

#18 Snippit

Snippit

    Little Master

  • Members
  • PipPipPipPip
  • 749 posts

Posted 05 November 2018 - 06:42 AM

Just a small issue with item 8.

 

8. Work on creating you own trading system. 

 

Why are you keeping your real system a secret.

The idea of magic numbers when you say they are now magic is hardly a system.

Its a con. 

You know its a con.

You know you are being conservative with the the truth. You are being dishonest. 

Dishonest people are generally regarded as crooks. 

 

This does not seem to bother you and your associated array of FAKE posters.

Your secret system evidently requires as many as possible of the general public to participate and follow your instructions.

 

Is this how you assist with your item 8 ???

 

To start with you are being a hypocrite, and that is just for starters.

You are putting in an enormous effort here to promote your magic system and supporting distractions.

And still there is no such thing as a free lunch.

 

 


  • 0
  1. Sign here: https://www.5gspaceappeal.org/about/
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#19 Polly

Polly

    Master

  • Members
  • PipPipPipPipPip
  • 966 posts

Posted 04 November 2018 - 09:05 PM

1. Trading is a closed sum game. IE for every winner there is a loser unlike investing. And like any other game, you will get out from what you put in. Lots of time and effort needed to make in trading.

2. The most important advise i can give you over and over again on Trading: Protection of capital should be your first and only  priority when you enter the trading world. Always have a stop loss in place however good the trade may look. if you priority is make money , you will lose all your money  i promise you.

3.Do not wait for trade ideas from others . Work on being self reliant.

4. Initially trade small, preserve and then increase your trade size as you gain satisfying levels of proficiency,  Rome was not built in a day. 

5. Never compare yourself to others. That is a fools game

6. Read good books about trading before starting to trade

7. Try to get a mentor who has experience and has been long in the game. If not try to ask them better questions to improve your trading skills

8. Work on creating you own trading system. First thing is determine if you want to be a scalper, day trader, swing trader, medium term trader pr long term trader. For newbies i suggest try day trading first.

9. Also determine your time frame of charts you want to use. 5 min , 15 min, 30 min, i hr, 4 hr, daily etc

Practice , practice  and more practice on that time frame until your see recurring patters that will make you enter a trade.

10.Learn about charting techniques and  indicators that will help you in your charting. More does not mean better. First thing to learn about is support and resistance levels by means of trend lines. That is the start. Then try to learn about the different chart patters namely, head and shoulders, inverse head and shoulders, cup and handle, triangles, double bottoms, double tops, etc etc as they become more complicated

11. Put in the effort that will speed up your learning curve.

12. As a newbie do not put in very high goals.Be realistic. In your first year of trading you would be doing very well if you break even for the year. Hand in there as you will only get better. In fact it make take you a good three years before you actually can say you confident of making money. In the first year i have heard of traders busting their accounts a few times. Thus after a year decide if this trading is for you or not. 

13. Trading is a very emotional game. Its actually not about the markets , its about you. You will learn a lot of things about yourself you never knew. After a year decide if you have the temperament to continue or not.

14. If you a smoker, drinker, gambler or womanizer, i suggest you dont go into trading.

15. Like gambling, trading is very addictive. Only trade with money you are prepared to lose otherwise you can lose your house , your car, your wife and finally have your dad take care of you.

 

Plenty more advise and i will continue to give as time dictates.

 

Please remember rule number 2... Preserve your capital at all times Trade small.. The more chips you have , the longer you can play. No chips no play ( game over)


  • 1





Sponsored by Sharenet and VPSNine Linux VPS Hosting