Technical Summary: End of Day Friday 05-AprilTechnical Summary: Mid & Large Caps, as of Friday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold. by techpersPublished 0
What LOSER Traders Say – 6 PhrasesI like to say… Go where winners thrive and excuse givers die! If you’ve ever uttered the following phrases below – I urge you to stop saying them from today. And when you do utter these below phrases, you’re going to manifest losing, despair and hopelessness. But it’s not your fault. It’s the conditions and echo of amateur traders – that other traders listen to. I don’t believe for one second you want the loser mentality. I believe you want to embrace the mindset of a true trading champion. So let’s stop saying the below: The Market is Wrong: A Blame Game for the Weak Newsflash: the market isn’t out to get you. Another newsflash, the market is NEVER wrong. It goes up, down and sideways. What you’re seeing in the charts is HISTORICAL. So, what comes out in the future is untold but the truth. There should be NO ego for ever saying – The market is wrong. Take control of what the market is currently doing and what it has done and analyze your approach. I Suck at Trading: The Pity Party Pitfall Negative self-talk is the fastest route to trading mediocrity. We are ALL bad at something when we start. We continue to be bad at something if we don’t practice hard, work at it and have persistence. If you’re convinced you suck at trading, it’s time to silence that inner critic. Trading is no different from picking up another skill, vocation, endeavour and hobby. Maybe I Should Just Give Up: The Quitters’ Anthem Throwing in the towel is the easy way out. In fact, I don’t believe traders lose. They simply quit. But winners persevere. If thoughts of giving up dance in your mind, consider this: Success often comes to those who refuse to quit. Risk less. Tweak your strategy. Have your game plan with a solid back tested journal. Reassess your goals. Take a deep breath and remember that every setback is a setup for a comeback. Damn, This is a Slow Process: Impatience, the Silent Killer Trading success is not a sprint; it’s a marathon. Complaining about the slow process won’t expedite your journey to financial triumph. Whether you’re holding gold and waiting for the market to rally to new highs – It will come – you just need patience. Winners understand that patience is a trader’s virtue. So either you run the marathon, or give up trying knowing it’s going to be a long road. I Can’t Do It Your mind is a powerful tool. And when there are challenges and doubts, you’ll find that you’ll keep telling yourself – you can’t do it. Think of thoughts as tiny branches of a tree. The more you think a certain way, the bigger the tree becomes. And this will set yourself up for failure. Random thought: This is why when a woman says I’m fat 1,000 times. No matter how thin she is, you can’t convince her that she is thin. Because of the tree she has build in her mind about her self-image. Same with trading. Stop saying negative thoughts. Be kinder to yourself and who you are. Winners replace “I can’t” with “I will.” Winners replace Should, Would, Could with DO! Cultivate a positive trading mindset, believe in your abilities, and watch how your confidence transforms your trading outcomes. I’ll Start Tomorrow Procrastination is the biggest thief of success. Tomorrow is the favorite day of the loser. If you constantly push your trading plans to the next day, you’re delaying your success. You’re delaying profit opportunities. You’re delaying your learning process. Winners take action today. Start now, stick to your plan, and relish the progress you’ll make. Tomorrow’s victories are earned through today’s actions. FINAL WORDS: So from today, say and manifest a more optimistic and positive mindset. Don’t say any more loser phrases. And let’s cultivate a winning mentality and tree of positive branches to your mind. Let’s sum up the phrases you must NOT say: The Market is Wrong: A Blame Game for the Weak I Suck at Trading: The Pity Party Pitfall Maybe I Should Just Give Up: The Quitters’ Anthem Damn, This is a Slow Process: Impatience, the Silent Killer I Can’t Do It I’ll Start Tomorrow Educationby TimonrossoPublished 2
JSE Sector Ratings - Tuesday, 02 April 2024JSE Sector Ratings This data shows a sector's technical rating across multiple time frames, relative to the JSE Top 40 Index.by techpersPublished 0
Buyer/Seller DominanceCandle Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share code (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength/weakness of the candle formation i.e. the greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation and (3) the share's short term technical rating i.e. which phase the share is in over a 7 day period.by techpersPublished 0
Technical Summary: End of Day Thursday 28-MarchTechnical Summary: Mid & Large Caps, as of yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 0
Buyer/Seller DominanceCandle Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share code (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength/weakness of the candle formation i.e. the greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation and (3) the share's short term technical rating i.e. which phase the share is in over a 7 day period.by techpersPublished 0
Technical Summary: End of Day Monday 25-MarchTechnical Summary: Mid & Large Caps, as of yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 1
6 More Trading Time WastersWith trading, time is money. And every wasted moment is a missed opportunity. Every day you skip. Every high probability trade you miss on whatever market you’re trading. Even every loss you take according to your strategy, is one step closer you’re missing to success. I wrote about time wasting in the previous article. And I can’t stress enough how important it is to get yourself into gear. It’s time to take control of your time and trading actions. Here are 6 more trading time wasters. #1. Chasing the News Turn on Bloomberg, CNN or BBC. Flicking lights. Loud sounds. Entertaining drama, drama, drama. It’s like watching Netflix. And if you become obsessed, it’s easy to fall into the trap of chasing the latest news headlines. Breaking news is inevitable. And staying informed is great. But it’s NOT necessary to adapt the news into your trading strategy. In fact, the hyped up news will lead to impulsive and emotional decisions. Don’t fall for the news mania. Save that for AFTER your trading. And watch it for entertainment and education. Nothing else. #2. Checking the Portfolio Often Ahhh! The Perils of perpetual monitoring. Listen… Your portfolio is not a ticking time bomb that requires constant supervision. As a young trader I get that it’s tempting to check your gains and losses every few minutes. But this is a long term game. So if you adopt this checking bad habit, you’ll see it can breed anxiety and cloud your judgment. Maybe check your portfolios once a day. Or even every few days. But lose the obsession please. You’re wasting precious time and energy on unnecessary stuff. #3. Analysis Paralysis Another mistake is drowning yourself in data. Too much analysis can lead to paralysis. Endless charts, intricate patterns, and an abundance of indicators might make you feel like a trading virtuoso. But you’ll quickly learn that, it won’t necessarily translate to profits. Rather stick to the K.I.S.S – Keep It Simple Stupid. Simplify your approach, focus on key factors. And please make decisions based on a clear understanding rather than drowning in a sea of data. #4. Procrastination Procrastination is the silent killer of trading success. To leave it to tomorrow. As they say. Tomorrow never comes. All you have is NOW. So, if you want to trade – Get a coffee and sit down and take action. Delaying decisions can mean missing out on lucrative opportunities. Set clear goals, establish a solid plan, and execute it without succumbing to the siren call of procrastination. Time wasted is money lost in the dynamic world of trading. #5. Overcomplicating – Don’t be a trading jack of all trades! Trading doesn’t need to be a convoluted puzzle. It doesn’t take a rocket scientist to trade well. You don’t need a degree or even a complicated strategy. In fact, if you overcomplicate your trading, it will lead to more confusion and poor decision-making. Be a master of a few effective markets, time frames, strategies, money management and techniques. #6. Fear of Taking Action This my friend is the stagnation trap. Inaction out of fear is a formidable enemy for traders. You need to remember that fortune favors the bold in the world of trading. Those who: Deposit money. Learn all about trading well. Practice with a demo account. Adapt a winning trading strategy. Keep persistent with their trading. Are the ones that will win…’ FINAL WORDS: So stop wasting time and start doing more to achieve your trading dreams. Let’s sum up the 6 trading time wasters. #1. Chasing the News #2. Checking the Portfolio Often #3. Analysis Paralysis #4. Procrastination #5. Overcomplicating – Don’t be a trading jack of all trades! #6. Fear of Taking ActionEducationby TimonrossoPublished 1
Candlestick SrengthCandlestick Formations form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share code (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength/weakness of the candle formation i.e. the greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation and (3) the share's short term technical rating i.e. which phase the share is in over a 7 day period.by techpersPublished 0
JSE Sector RatingsJSE Sector Ratings Multi-time frame sector ratings. Here, you are able to view which phase a sector might be in, as per the stated time frame. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 0
JSE Technical Summary: End of Day Friday 22-March-2024Technical Summary: Mid & Large Caps, as of Friday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 0
JSE Relative Sector Status and ChangeJSE Relative Sector Status and Change, as of yesterday’s close (Sector Rating Change Relative To The Top 40 Index) See if a sector is improving, unchanged, or weakening relative to the high time frame. by techpersPublished 0
JSE Relative Sector RatingsJSE Relative Sector Ratings, as of yesterday’s close (Sector Rating Relative To The Top 40 Index) See in which phase a sector is in according to the time frame.by techpersPublished 0
JSE Technical Summary: End of Day Monday 18-March-2024JSE Technical Summary: End of Day Monday 18-March-2024 Technical Summary: Mid & Large Caps, as of Yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 0
6 Top Trading Time WastersYou need to stop wasting precious time. I have had members who’ve been with me for 15 years and haven’t even taken a trade. I have written this article in a way that you can relate to the problems with traders wasting time. Ready? #1. Wait for Inspiration Trader A: “I just can’t trade today. I’m waiting for that magical moment when inspiration strikes!” SOLUTION: Waiting for inspiration in trading is like waiting for money to rock up at your doorstop. It doesn’t happen! Successful traders create their own inspiration, discipline and integration by TAKING ACTION. You want a sign. Here’s a sign. Start today, do not delay and don’t wait for another sign. #2. Complaining Trader A: “The market is so unpredictable and complicated! I can’t catch a break.” SOLUTION: Stop complaining and start acting, adapting, growing and evolving. Markets change, that’s the only constant about it. And they move up, down and sideways. So, instead of moaning about it, embrace the volatility. Complaining won’t make you a better trader, but adapting to change will. #3. Doubting Trader A: “I’m not sure if I can make this trade. It’s going to be a loser.” SOLUTION: Doubt is the enemy of success. Trust your analysis, track record and your stats. Stick to your strategy just keep at it. This is a long term game to success. When you doubt yourself, you manifest a deeper element of self-failure. You need to stop wasting precious time and opportunities. Confidence, certainty and trust is key! #4. Comparing Trader A: “Look at their profits! I wish I could trade like them.” SOLUTION: Comparison is the thief of joy and the delayer of self success. You should only focus on your own journey. You are running your own marathon. It doesn’t matter how much money you have. It doesn’t matter how long you’ve been trading., It doesn’t matter if others are doing better. You need to focus on your trading time line. #5. Excuse Giving Trader A: “I didn’t trade well because the market was too volatile.” SOLUTION: Excuses won’t make you a better trader. I don’t have enough time. I don’t have enough money. I don’t have enough experience I don’t have enough patience. I don’t have enough anything. I repeat – Excuses won’t make you a better trader. Take responsibility and take accountability for your decisions, good or bad. Learn from your mistakes and use them to refine your trading strategy, stats and track record. Excuses only waste time; accountability fuels improvement. #6. Fear of Failure Trader A: “What if I lose all my money? I can’t handle the risk.” SOLUTION: As I always like to say. You ONLY fail when you quit. Fear is natural, but letting it control your actions is a mistake. You need to manage your trading and risks better. You need stay laser focused with tunnel vision. With trading you should not AVOID losses – as they are inevitable. You should embrace both winners and losses to come with the trading venture. You can’t win them all. But you also can’t lose them all. Keep that in mind when you trade. FINAL WORDS So, by now you should have one thing in your mind. Stop wasting time with your trading. Every day you delay is another profit opportunity you’re letting go of. Let’s sum up the 6 Time Wasters with trading. #1. Wait for Inspiration #2. Complaining #3. Doubting #4. Comparing #5. Excuse Giving #6. Fear of FailureEducationby TimonrossoPublished 2
JSE Sectors vs Moving AveragesJSE Sectors vs Moving Averages, as of Friday afternoon: vs 8-EMA vs 21-EMA vs 50-EMA vs 200-SMA by techpersPublished 1
JSE Technical Summary: End of Day Friday 15-March-2024JSE Technical Summary: End of Day Friday 15-March-2024 Technical Summary: Mid & Large Caps, as of Yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 0
JSE Technical Summary: End of Day Thursday 14-March-2024JSE Technical Summary: End of Day Thursday 14-March-2024 Technical Summary: Mid & Large Caps, as of Yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 0
HOW TO USE THE RELATIVE SECTOR REGIMES: Example/JSE Technology HOW TO USE THE RELATIVE SECTOR REGIMES: JSE Technology as an example. This data set is published daily and shows how a sector is performing compared to the broader market (using JSE Top 40 Index as a proxy). Toward the latter part of last week, NPN and PRX (JSE Technology) was trading in an oversold range versus the Top 40 Index. This can be seen with indicator trading in the blue shaded area (value/cheap zone). By trading in this zone, the data suggested that there was an opportunity to possibly buy the sector for a rebound trade. We have since seen NPN and PRX stabilize, with a minor rebound, which gave short term/actives traders an opportunity to profit. by techpersPublished 0
Candles Strength END OF DAY TUESDAY 12 March 2024Candlestick Formations form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share code (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength/weakness of the candle formation i.e. the greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation and (3) the share's short term technical rating i.e. which phase the share is in over a 7 day period.by techpersPublished 1
JSE Technical Summary: End of Day Tuesday 12-March-2024JSE Technical Summary: End of Day Thursday 07-March-2024 Technical Summary: Mid & Large Caps, as of Yesterday's close. Here, you are able to view which phase a share might be in. Overbought, High Bullish Momentum, Strong, Neutral, Weak, High Bearish Momentum, Oversold.by techpersPublished 0
I'm done with this!We’ve all had this moment. Where we stare at our screens, scratching our heads, wondering a bunch of stuff. Why is this so slow? Why can’t I press the button Where am I going wrong? We’ve chased trends, hesitated when we should have acted, and let our emotions play puppeteer with our portfolios. Today is the turning point. For you! It’s time to say… “I’m done!” This read could be what you need to win this year. #1: I’M DONE: Making Excuses Enough is enough! No excuses this time. Open your trading account Deposit more money Adopt strong trading strategies Have the right calculators and journals to follow Keep at it. No more blaming external factors; it’s time to own your trading career and learn from them. #2: I’M DONE: Feeling Emotional Trading with emotions is like juggling dynamite. Sooner or later, something’s going to explode. Whether you have been on this rollercoaster of euphoria and despair for far too long. If you celebrate winners or get angry over losers – The emotions will only enhance and will develop into emotional turmoil. It’s time you take a more rational approach. Risk less – If the amount is too emotional to handle. No more “I know better trades” than my trading strategy. No more fear, greed and definitely NO MORE EGO! It’s time to trade with a clear head and a steady hand. #3: I’M DONE: Rushing the Process Patience is not just a virtue; it’s a survival skill. Have you been guilty rushing into trades without proper research, hoping for quick wins. Have you been irritated how slow the progress is to build an account. Have you felt the need to quit during drawdowns. Guess what? No body fails with trading. They quit. The market doesn’t care about your impatience. From now on, adopt the mantra: “Slow and steady wins the trading race.” #4: I’M DONE: Doubting Myself Self-doubt is the silent assassin of trading success. It creeps into your mind, sows seeds of uncertainty. Before you know it, you’re second-guessing every move. Stop! Remember, you are the BOSS of your trading account, strategy and results. So act like a boss. Get rid of self-doubt and embrace more confidence. You have got the skills, the knowledge, and the experience. It’s time to trust yourself and let your trades reflect that trust. #5: I’M DONE: Missing Great Opportunities Regret is a bitter pill to swallow. Especially when it comes to missed trading opportunities. I’m sure you’ve kicked yourself one too many times for hesitating when you should have pounced. I still kick myself when I miss trades! We are human. We can’t see everything all the time. But remember this. The next trade is always on its way. You don’t need to feel FOMO (Fear of Missing Out). Always try improve on spotting and taking advantage of better trading opportunities. And know that taking trades (no matter how good they look) are always difficult. But they need to be taken. They need to be followed. From now on, be bold, seize the moment, and make the most of every chance the market throws your way. FINAL WORDS: It’s all on you! Every financial decision you make, is your responsibility. So remember to say out loud what we are DONE THIS YEAR. #1: I’M DONE: Making Excuses #2: I’M DONE: Feeling Emotional #3: I’M DONE: Rushing the Process #4: I’M DONE: Doubting Myself #5: I’M DONE: Missing Great OpportunitiesEducationby TimonrossoPublished 115
JSE Relative Sector Ratings06h30 | JSE Relative Sector Ratings, as of Friday’s close (Sector Relative To The Top 40 Index). Sectors include: Tech Miners Banks Insurers Hospital Groupsby techpersPublished 0