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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 Failure
TVC:SA40Education
by Timonrosso
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.
JSE:J200
by techpers
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.
JSE:J200
by techpers
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 Opportunities
TVC:SA40Education
by Timonrosso
1
Overbought: End of Day Thursday, 07 March 2024An overbought rating often overlaps with high bullish momentum however the long-side reward-to-risk can be unappealing. How can traders approach these shares and how can it lead to a trading opportunity? The bullish price momentum could continue, however traders may want to look for early signs of a slowdown via: (1) poor candle candle structure on the lower (intraday) time frames. The emergence of a neutral or bearish candle, for example: a ‘doji’, bearish engulfing, long upper tail etc combined with sizeable offers which may signal some institutional selling.
JSE:J200
by techpers
OverboughtTICKERS THAT MATCH (SUBJECT TO CHANGE) ANG ANGLOGOLD ASHANTI BVT BIDVEST GROUP HAR HARMONY GOLD MCG MULTICHOICE (CORPORATE ACTION) VKE VUKILE PROPERTY An overbought rating often overlaps with high bullish momentum however the long-side reward-to-risk can be unappealing. How can traders approach these shares and how can it lead to a trading opportunity? The bullish price momentum could continue, however traders may want to look for early signs of a slowdown via: (1) poor candle candle structure on the lower (intraday) time frames. The emergence of a neutral or bearish candle, for example: a ‘doji’, bearish engulfing, long upper tail etc combined with sizeable offers which may signal some institutional selling.
JSE:J200
by techpers
What Makes a Trade – Unveil the pillars of profitable tradingTo trade well is nothing more than a calculated dance on the trading floor. You need to navigate the volatile seas of markets and understand the essential elements of a trade. And whether you’re a newbie or the MOST experienced trader out there, you need to adopt the same quintessential factors with your trading. And that is, the elements that make a trade. Let’s get into them… Position Size Imagine building a mansion without a blueprint. That’s what trading without considering position size feels like—chaotic and prone to collapse. The cornerstone of any robust trading strategy is for you to figure out the right amount of exposure to each position. It’s not just about the quantity of trades but the quality of each. You need to be precise in the position sizing with each trade. That is to maintain your risk and money management. That is to make sure you will only deposit a certain amount into your trade. And it is to ensure you have enough money to take on new and even higher probabilities of trades. Precision in position sizing is the silent architect behind the towering fortresses of successful traders. Entry: The art of timing of execution Whenever you enter into a market, 98% of the work is done. You have everything lined up according to the criteria, strategy and plan. You already have your idea on whether a market is likely to rally on up or fall off its horse. It’s not just about being in the market; it’s about being in the market at the right moment. Risk Level: Taming the market beast In the wilderness of financial markets, risk is the untamed beast that can either devour or be tamed. You need to be able to recognize the risk levels you’ll set to contain the beast. Where to place your stop loss The calculations of where you are NOT most likely to be hit Your risk per level and what you can stand to lose. Your risk level is your shield to protect from unexpected peril. You have to have all your calculations to lose a battle but NOT the war. Reward Level: Harvest your fruits Yes a MAJOR element to trading is RISK. But it’s also about reward, or else why would we be doing it? You need to meticulously set realistic reward levels that mirror the potential gains of a successful trade. Your reward must ALWAYS be more than your risk. You need to see the potential and likely future for the price to hit the take profit. Profit and Time Protection Levels: Safe-guard your winners and cut your losses Trading unfortunately is NOT always 100% mechanical. You need to safeguard your positions at times. What if the position becomes a non performing investment?’ And you’re losing daily interest? Well you need some type of time stop loss. This will get you out of your trade at a certain period so you can look for better positions. Worst case scenario you lose less than expected. Or you even bank a bit of profits as the trade remains in the money. FINAL WORDS: Trading is a game of calculated strategy and skill. But there are pillars of trading, you can’t avoid including: Position size, entry Risk level Reward level and Profit and time protection levels. These will help you form the bedrock upon which the palaces of prosperous trading are built. As you embark on your own trading odyssey, remember: mastery of these elements is not just a choice; it’s the key that unlocks the doors to financial triumph. So make sure you have these elements ready to execute to make a trade happen.
TVC:SA40Education
by Timonrosso
JSE TOP 40 potential big Diamond breakdown to 58,288Bearish Diamond formation is potentially forming on JSE Top 40. We've seen bearish tendencies for the market with momentum downside. Price<20 and Price<200 - HPT We DO need this price to break below the Diamond before the likelhood is higher for big downside. But knowing indices, they always tend to suprise and the market makes a big rally. ANyway, the momentum is down for now and if the diamon breaks below the next target could be at 58,288. Let's see
JSE:J200Short
by Timonrosso
How to trade the Fibonacci indicator in 2024Today, we’ll start with what Fibonacci is and how to use it to spot significant market turning points. Let’s start with... A short story about Fibonacci In 13th century Italy, lived a man named Leonardo Pisano – one of the greatest mathematicians of all time. Leonardo (also known as Fibonacci), learnt all about Arabic and Indian mathematics during his travels in North Africa and around the Mediterranean regions. Each time he travelled to a new place, he kept noticing a consistent pattern that repeated itself throughout nature. The sequence he defined was as follows. 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… Basically, all you do is take the last two numbers and add them up to get the next number. 0 + 1 = 1 1 + 1 = 2 1 + 2 = 3 2 + 3 = 5 3 + 5 = 8 8 + 5 = 13 And so on… Fibonacci first contrived this pattern through a pair of breeding rabbits but he then saw this pattern throughout nature - in the breeding of honeybees , the shape of seashells as well as plants. This sequence also applies to trading and investing charts and is called the Fibonacci Retracement indicator. The Fibonacci Retracement indicator is used to help identify possible support and resistance levels for any market. The idea is all high liquid markets tend to move, to and retrace back, to certain levels after a big price move. The indicator is used to calculate the ratios and percentages using the Fibonacci sequence. Let’s look at an example with the South African JSE ALSI 40. Fibonacci on the JSE ALSI 40 Looking at the above daily chart of the JSE ALSI 40, you can see the index has fallen from a Swing High point of (100%) at 70,522 down to a Swing Low point (0%) to 65,386. On your platform, when you add the Fibonacci Retracement tool onto your chart, you'll drag it from the swing high to the swing low price of the uptrend to see six main horizontal fib lines present themselves: Fib line #1: 100% (Swing high) Fib line #2: 61.8% Fib line #3: 50% Fib line #4: 38.2% Fib line #5: 23.6% Fib line #6: 0% (Swing low) Traders use these lines to establish and identify supports (floor) and resistances (ceiling) levels. And with these levels you’ll be able to spot good entry, stop loss and take profit price levels. Once you draw the Swing High and Swing Low on the JSE ALSI 40, the Fibonacci lines will be plotted on the chart. You would also have seen the market then went to one of the high points at 61.80% at 68,560. The price then retraced back to the 23.6% level at 66,598. So you can see where we are going with this. As a reversal trader, you could have sold (gone short) the index around 68,560 and held it until it hit the 66,598 line at 23/6%. That’s where you would have banked a gain just by waiting for the market to bounce off a fib line. That’s a good introduction and a different way for you to trade and use the Fibonacci Retracement tool with your trading in 2024. Let me know if this was helpful!
TVC:SA40Education
by Timonrosso
1