Oh no Mr Market not this shenanigan again!
We've started off the year of 2024 the same way we started in November 2022.
In a sideways range with a high of 75,000 and a low of 63,000.
This is very disappointing and tough for position and swing traders who mainly focus on the JSE stocks.
What can we do this year to help ride up and down the range? I can give some ideas but it's up to your trading personality and risk profile how to go about it.
Some ideas are.
1. Lower your risk and reward price expectations.
2. Look into intraday trading the JSE ALSI 40
3. Make use of the trailing stop loss more
4. Risk less per trade when the market is really just volatile
5. Diversify into other markets and bite the bullets
So, analysis wise I guess the JSE will want to go back to 75,000. Any trader can see a rectangle and guess the range movement for the year.
What are your thoughts?
What we really need is a breakthrough and a breakout.
In a sideways range with a high of 75,000 and a low of 63,000.
This is very disappointing and tough for position and swing traders who mainly focus on the JSE stocks.
What can we do this year to help ride up and down the range? I can give some ideas but it's up to your trading personality and risk profile how to go about it.
Some ideas are.
1. Lower your risk and reward price expectations.
2. Look into intraday trading the JSE ALSI 40
3. Make use of the trailing stop loss more
4. Risk less per trade when the market is really just volatile
5. Diversify into other markets and bite the bullets
So, analysis wise I guess the JSE will want to go back to 75,000. Any trader can see a rectangle and guess the range movement for the year.
What are your thoughts?
What we really need is a breakthrough and a breakout.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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