27 replies to this topic

[Midas1]

Thanks..dipping toes in very cautiously

[Polly]

What leverage should new cfd equity traders use? None..1? Thanks

dont think u got a choice in this.. Depends on what your broker offers you...

 

some offer 10:90..ie u put 10 they put 90

 

some 25: 75 depending on how risky the instrument is..

 

imo the lower the better...ie 10:90

 

obviously interest involved for overnight holdings on longs...

[Midas1]

What leverage should new cfd equity traders use? None..1? Thanks

[Polly]

Hi P, would you recommend no or only up to 3 leverage on new cfd trader? 

didn't get the question M.....

[Midas1]

Hi P, would you recommend no or only up to 3 leverage on new cfd trader? Will do demo account first then try keep risk low as possible..ps share cfds not alsi or forex

[Polly]

and for our steinhoff gurus:

 

Numbers are fragile beings..

If you torture them long enough, they'll end up telling you whatever you want to see and hear!!!!!

 

 

These Gurus haven't seen through the illusion yet...

[Polly]

Trading is like a fart.............

if you have to force it.........

it's probably sh/t   

Edited by Polly, 16 February 2019 - 10:40 AM.

[Snippit]

SA positive divergence link: https://www.goodthin.../people/zapiro/

 

 

 

[Polly]

Winning in the stock market can be a function of skill or sheer luck!!!!!

 

If skill , rinse wash and repeat....

 

If luck , take the money and run......

[Polly]

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

[Polly]

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

 

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

[Polly]

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.

[Polly]

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.

[Polly]

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. 

[Polly]

 

 

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.

[Polly]

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.

[Polly]

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.

[soutie]

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...

[Argento]

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

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

[soutie]

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

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

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