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Anglo making an unexpected short and downside to come to R337.00Inv C&H has formed on Anglo Gold. 21=7 And seems to be crossing down. Price>200 - This is Bullish but with the price so far away from the MA means, there would be a sling reaction to take the price back down. RSI<50 - Bearish biased. Target is at R337.00 for shorters. THOUGHTS: This was completely unexpecting as the JSE ALSI seems to be heading up. The rand has been weakening with a touch of strength in the last week. This could be one of the linchpins to Anglo Gold's potential fall due to the following: Revenue in Dollars - It's a U.S World!: Anglo Gold, primarily earns its revenue in U.S. dollars because gold is priced and sold globally in dollars. So when the rand strengthens, the revenue drops. Impact of a Strong Rand drops gold sales ouch!: When the rand strengthens against the dollar, it means the same dollar revenue from gold sales converts into fewer rands. Reduced Profitability - Stronger rands - less rev: This currency fluctuation can reduce the company's profitability. As their revenue decreases in rand terms while their costs remain the same or may even increase. Investor Attraction or should we say detraction! : A decrease in profitability can make AngloGold less attractive to investors, affecting demand for their shares. Share Price Drop: If investors find the company less attractive, they may sell their shares or choose not to invest, which can lead to a decrease in the share price. Next analysis I will do is Gold to see what's going on. But yes, I'm definitely short biased.
JSE:ANGShort
by Timonrosso
UPDATE Redefine hit R3.20 Target and could turn up from hereWe based the short trade off a Symmetrical Triangle. The price broke below and then took quite a while, but eventually hit the target at R3.20. Now there is a new Cup and handle formation in the process. The 7 has crossed above the 21MA and there is a higher low creating an uptrend. We need the price to break before we can expect a relief rally to the 200MA to R3.90. ABOUT THE COMPANY Redefine Properties is a real estate investment trust (REIT) based in South Africa. It was founded in 1999, making it one of the older established REITs in South Africa. Redefine Properties' portfolio included a diverse range of primarily commercial properties, such as offices, retail spaces, and industrial properties. The company has made significant investments outside of South Africa as well, with assets in Australia, the United Kingdom, and Poland. Redefine Properties managed assets worth over R90 billion. Some of the properties include: Rosebank Towers. Jozie. 90 Rivonia, Sandton, Johannesburg. Mall of the South, Johannesburg: Centurion Mall, Centurion: Matsulu Shopping Centre, Mpumalanga:
JSE:RDFLong
by Timonrosso
10 Black Swan Events that shook the marketsBlack Swans are highly unpredictable events that go beyond what is usually expected of a situation. One definition I like is this. A Black Swan is where an event can cause the market to move 10 standard deviations away from the norm. When this happens they could potentially have severe and wide-reaching consequences. You’ll see the market will jump erratically and even cause a halt in trading activity completely. So when you spot a Black Swan. Just take it easy from trading the markets that can be affected. Here are 10 Black Swan Events that I can think of that had an impact on the markets. 2008 Global Financial Crisis Triggered by the collapse of the US housing market, it led to a worldwide banking crisis and severe global economic downturn. COVID-19 Pandemic An unprecedented global health crisis that had significant repercussions on global economies and markets in 2020. Dotcom Bubble Burst (2000) The dramatic rise (due to greed and optimism) and fall (due to fear and panic) of internet companies in the late 1990s led to a severe market correction. Brexit (2016) Britain’s unexpected decision to leave the EU had immediate impacts on global markets. Japanese Asset Price Bubble Burst (1992) This led to a lost decade of economic stagnation in Japan. (Have you seen the Nikkei! And can you imagine holding stocks from 1992?) Swiss Franc Unpegging (2015) The Swiss National Bank’s sudden decision to remove the cap on the Franc’s value against the Euro led to extreme currency volatility. (Forex trading was a nightmare seeing some prices drop hundreds of pips). September 11 Attacks (2001) The terrorist attacks had immediate and long-term effects on global economies and markets. (I was too young to worry so I missed this one.) Fukushima Nuclear Disaster (2011) Triggered by a massive earthquake and tsunami, it had significant impacts on global energy markets. (I remember holding oil stocks while driving. And I came home to R120,000 loss). Flash Crash (2010) The US stock market crash, triggered by a high-frequency trading algorithm, sent a financial shockwave around the world. (Fat fingers caused by unknown factors). Oil Price Negative (2020) For the first time in history, the price of US oil turned negative due to low demand during the COVID-19 pandemic. Which Black Swan event affected you the most? Let me know in the comments?
TVC:SA40Education
by Timonrosso
2
Life health in good form to R23.78 Inv Head and Shoulders has formed for LHC. We just need the final right shoulder to form, break up and out of the pattern. Then we will see buying take over, driving the price up. Price >200 RSI>50 Target 1 will be R23.78 ABOUT THE COMPANY Life Healthcare is one of the largest private hospital operators in South Africa, providing acute hospital care across 64 facilities. H Establishment: Life Healthcare was established in 1983 and has grown to become a leading provider of private healthcare in South Africa. Global Presence: Apart from South Africa, it also has operations in other countries including Poland, through its subsidiary Scanmed, and in India through Max Healthcare. Service Range: The company offers a wide range of services including acute hospital care, mental health, renal dialysis, occupational health, employee wellness, and chronic disease management. Workforce: The company employs over 18,000 people and had more than 1,600 admitting doctors. Patient-Oriented Approach: Life Healthcare emphasizes a patient-centered approach and is committed to providing quality care to all patients.
JSE:LHCLong
by Timonrosso
Outsurance OUTperfoming JSE - Target R38.88Cup and Handle has formed on this volatile stock. The price has broken above the brim level and it looks like, it wants to rally. Other indicators confirm upside momentum 7>21>200 RSI>50 - Higher lows Target 1 will be at R38.88. We can expect higher, but I'm happy with a 1:1.78 R:R. CONCERNS: The JSE ALSI 40 just broke below the Symmetrical Triangle. This is bearish for the top 40 companies. And usually the BITs follow (Banks, Insurance and Telecomms). However, the must be a reason for the buying with Outsurance, maybe because of the new listing and investors are excited. ABOUT THE COMPANY Outsurance is a leading insurance company based in South Africa. Founding: Outsurance was founded in 1998 as a part of the Rand Merchant Investment Holdings Group (RMIH). Pioneer: It was the first South African insurer to offer a cash OUTbonus, a cashback bonus system, to policyholders who remain claim-free for a period of time. Services: The company offers various insurance products including car, home, life, and business insurance. Geographical Presence: In addition to its South African operations, Outsurance also has a presence in Australia, where it operates under the name "Youi." Innovative App: Outsurance has a mobile app that allows customers to manage their policies, submit claims, and track emergency assistance when needed.
JSE:OUTLong
by Timonrosso
DID YOU KNOW? Trading has never been more...What was a realm for Wall Street titans and for the affluent investors… In the last couple of years, it has knocked its walls, and has broken the financial chains. Today, it’s at the hand to the everyday individual, regardless of their financial background. Just to put it into perspective. In 2003 until like 2007, trading was very limited. I had a very old-fashioned trading software which updated once a day. I only had shares to trade. And then as the years progressed, I was paying R17,000 a year to have a software that updated every 15 minutes. The struggle was REAL! But today, is a different story. You are in the best times every to trade. It’s the cheapest it’s ever been. It has more markets, instruments, options and features at your fingertips. And you can even start with your charting, preparation and work on your trading track record – essentially for FREE. So, if you’re not in the trading game yet – WHY NOT? And that’s just the start of it. DID YOU KNOW? Trading has never been more… #1: Affordable Trading, as we know it, has undergone significant transformations in the past decade. It is now more affordable than ever before. A combination of technological advancements, regulatory changes, and the evolution of trading platforms has significantly reduced the financial barriers to entry. Just look at TradingView? Many brokerages are in such high competition that they have had no choice but to: Cut brokerages Make minimal spreads for trade Remove the yearly platform fee Some even have a zero-commission trading platform The only expensive thing, with some brokers, is that you might need to have a minimum account size. But the money is yours. It stays in your account. And you might even earn interest just by keeping it there. It’s amazing. #2: Easier to Learn With the proliferation of online learning resources on YouTube, TikTok, websites - you can master the art of trading – FREE. Even most reputable brokers now offer comprehensive trading education, to help you on the way to trading their platforms. And many brokerages offer demo accounts where beginners can practice trading with virtual (paper) money. This way they can gain hands-on experience without the risk of losing any real money. #3: Accessible Trading has never been more accessible. Gone are the days when trading meant being physically present on the exchange floor or having to call your broker to place a trade. In today’s digital age, you can trade on your smart phone tablet or computer. Also, with the high competition – most great brokers offer their own customised trading apps and online platforms. And the variety is crazy. Whether you want to trade CFDs, Spread Betting, Futures, Options, Lots, or other instruments – the world is your trading oyster. Just go to TradingView and you’ll see hundreds of thousands of markets to choose from. (Stocks, indices, commodities, Forex, Crypto, ETFs, Bonds, Economic indicators and Funds). #4: Hospitable With brokers and market makers with their obligatory regulatory frameworks and criteria, around the globe, they are constantly pushing for more transparency and fairness in financial markets. They are also pushing for more educational sources. They are improving with HR and pristine customer services features. The odds are no longer heavily stacked in favour of institutional players. Such features help retail traders make informed decisions, level the playing field and make the trading world a more welcoming place for newcomers. So, we can see trading is becoming more affordable, easier to learn, accessible, and hospitable. And they will continue to do so and improve, which is why you have got to take the leap and harness what is available. As I mentioned earlier. Today the world is your trading oyster – Go fishing!
TVC:SA40Education
by Timonrosso
Cashbuild about to crash to R100.00Right now it's anyone's guess. The market has been so illiquid with low volatility, that the only signs are pointing are down. Box Formation (but not a strong one as three supports and resistances have not touched). However, there is a range bounded movement with lower highs and very little confirmation of upside. It needs to break out of the downtrend before we look to any potential longs. Price<200 - BEarish RSI - lower highs - But classical range for RSI with low moving stocks. Target 1 will be to R100 Low probability trade ABOUT THE COMPANY Cashbuild is a South African retail company specializing in building materials and related products. Cashbuild was founded in 1978. Its first store was located in Pretoria West, South Africa. The company operates in the southern African region, including countries like South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi, and Zambia. Cashbuild operates over 260 stores across the regions it serves. The company follows a business model where they operate in both urban and rural areas, especially in the lower-income regions. This business model allows the company to reach and serve customers who might not have access to such stores otherwise. Cashbuild is known for being a one-stop-shop for a wide range of high-quality building materials, like cement, bricks, paint, timber, plumbing, and sanitaryware, at affordable prices.
JSE:CSBShort
by Timonrosso
Sun setting down for Sun Int - Inv C&HInverse Cup and Handle has formed for this stock since 17 March 2023. The price breakdown took place on 23 June 2023. Momentum is showing downside to come with the next support to R28.00 Price<200 21>7 RSI <50 lower highs Target R27.38 ABOUT THE COMPANY Sun International is a South African-based company primarily involved in the gaming and hospitality industry. Sun International was established in 1969. The company started as a small hotel chain but grew to become one of South Africa's leading hotel and entertainment groups. The company operates more than 25 hotels, resorts, and casinos in eight countries including South Africa, Nigeria, and Chile. Sun International is known for its Sun City Resort, one of the most famous in South Africa. It's a luxury resort and casino, situated in the North West Province and surrounded by Sun City Resort was once considered the Las Vegas of South Africa due to its high-profile entertainment events, casinos, and luxury accommodations. The company's Boardwalk Casino in Port Elizabeth was the first licensed casino in South Africa's Eastern Cape province. Sun International has hosted various high-profile international events.
JSE:SUIShort
by Timonrosso
The JSE ALSI 40 - Boy who cried BULL again! Target 80.384The JSE ALSI 40 has been moving in this large somewhat frustrating Symmetrical Triangle since December 2022. I've been bullish with the index and have expected it to break above the apex by now. But the triangle just keeps on moving in its consolidation sideways range. Thing is, the up signs are showing. This market wants to fly up and the rest of the international markets are holding it down. But now with the breakout above the Falling Wedge with the S&P 500 and Nasdaq, maybe we can get our push up finally. Other indicators confirm upside to come Price>200 - Bullish - 7 needs to cross above 21 thought RSI>50 and higher lows are being formed. Target 1 is now moved to a higher 80,384. Can we get our breakout now. Us breakout traders have been patient enough...
JSE:J200Long
by Timonrosso
Telkom Down channel to R15.00 nextDownward Channel has formed on Telkom. The price continues to make lower highs and lower lows. We can only go with the trend as long as it continues. So my bias is bearish as there are other momentum indicators confirming downside to come. 200>21>7 RSI<50 Target R15.00 ABOUT THE COMPANY Telkom SA SOC Ltd. is a leading telecommunications company in South Africa, offering a range of services to both individual and corporate clients. It was founded in October 1991 when South African telecommunications was deregulated. Telkom operates in more than 38 countries across the African continent, making it one of the largest telecommunications corporations on the continent. Telkom offers a broad range of services, including fixed-line telephone, mobile, broadband and fiber optic internet, digital television, and IT services. Telkom Mobile, formerly known as 8ta, was launched as Telkom's mobile service brand in 2010. The company has made significant investments in upgrading its network infrastructure to support advanced technologies like 4G and 5G. Telkom has played a key role in South Africa's broadband expansion efforts, including the rollout of fiber optic networks to homes and businesses. In 2017, Telkom introduced Telkom LIT, a digital entertainment platform offering video and music streaming services. It has partnered with other technology and telecommunications companies on various projects. For example, it announced a roaming agreement with Vodacom in 2018.
JSE:TKGShort
by Timonrosso
Sirius Real Estate Seriously Going up to R28.19Ascending Triangle has formed on the weekly. The price has been heading on higher lows. The demand has been picking up. And now we have had a breach above the neckline (resistance). All signs pointing up. 7>21>200 RSI>50 Target R28.19 ABOUT THE COMPANY Sirius Real Estate is not a South African company, but rather a leading operator of branded business parks providing conventional space and flexible workspace in Germany. Sirius Real Estate was established in 2007. The company is listed on the main market of the London Stock Exchange and the Johannesburg Stock Exchange, so South African investors can directly invest in it. Sirius operates throughout Germany, targeting the market of small- and medium-sized enterprises (SMEs) within the German workspace sector. The company offers a range of flexible workspace solutions, including office, storage, manufacturing and logistics spaces. Sirius operates more than 60 business parks across Germany. The company implements a "buy, manage, sell" strategy to grow and maintain its portfolio. Sirius follows an owner-operator business model which allows it to maintain and manage properties directly. The company is known for acquiring underutilized properties and turning them into profitable business parks. Sirius also provides additional services such as property management, asset management, and project management. The company's clients range from large, international companies to local, small businesses. Sirius has a strong commitment to sustainability, implementing various measures to reduce energy consumption and CO2 emissions in its business parks. The company's main source of income is from rental income and service charges from tenants.
JSE:SRELong
by Timonrosso
1
Remgro broken out of the box and next up R191.31Box formation has been in the process in the last few months... In this case, it looks like it'll be a continuation pattern. The prior trend was up, we have a consolidation process now and soon we should get a breakout. I'm guessing up. MAs - 7>21>200 RSI>50 Target R191.31 ABOUT THE COMPANY Remgro Limited is an investment holding company based in South Africa. Establishment: Remgro was incorporated in 1948 in South Africa as a tobacco manufacturer. Name Origin: The name "Remgro" is derived from "Rembrandt Group", the original tobacco company from which Remgro split in the 1980s. Investment Focus: The company focuses on a broad spectrum of industries, including banking, healthcare, insurance, industrial, infrastructure, media, sport and recreation, technology, and consumer sectors. Headquarters: Remgro's headquarters are located in Stellenbosch, South Africa. Major Investments: Remgro holds major stakes in numerous well-known South African companies such as RMB Holdings, FirstRand, MediClinic, and Distell. Mediclinic Corporation: In the healthcare sector, Remgro holds a significant stake in Mediclinic Corporation, an international private hospital group. Sports Investment: Remgro owns a controlling interest in the Stellenbosch Rugby Academy. Market Cap: Remgro had a market capitalization of around 75 billion ZAR.
JSE:REMLong
by Timonrosso
TIMBER! For Sappi to R20.00 due to Short Formed MShort Formed M Formation is evident. This is a normal Double Top but the second one has a lower high than the previous. This indicates even stronger selling pressure for the company. With it broken below the neckline, the next price level it can go to is at least R20.000 Other indicators confirm: 21>7 (Bearish) Price<200 - Bearish RSI<50 (Lower highs) Target R20.00 ABOUT THE COMPANY Sappi Limited, originally known as South African Pulp and Paper Industries, is a multinational company specializing in wood pulp, paper, and paper-related products. Inception: Sappi was founded in 1936 and started operations as a pulp and paper company. Headquarters: The company is headquartered in Johannesburg, South Africa. Global Presence: Sappi operates manufacturing operations across three continents: North America, Europe, and Southern Africa. Stock Listing: The company is listed on the Johannesburg Stock Exchange, with secondary listings on the New York and London stock exchanges. Primary Business: Sappi is one of the world's largest manufacturers of dissolving wood pulp, a material used in a wide variety of products, including textiles, and packaging materials. Paper Production: The company is a leading global producer of printing and writing papers. Product Range: Beyond pulp and paper, Sappi also produces packaging and specialty papers, casting and release papers, and biomaterials. Employment: Sappi employs over 12,000 people globally.
JSE:SAPShort
by Timonrosso
Purple going into deep red to 30 cents :(Strong Down Channel continues with Purple Group. There are no breakout patterns and now strong supports until we reach 40c and then 30c. This is a no buying zone, despite how attractive the discounted value is. End of the day, we need to wait for the break above the down channel, before bullishness shows. Other indicators confirm downside momentum 200>21>7 RSI<50 Bearish Target 30 cents ABOUT PURPLE GROUP Purple Group is a South African company that offers financial services through its various divisions. Inception: Purple Group was founded in 1998 as an investment holding company. Headquarters: The company is based in Johannesburg, South Africa. Listed Company: Purple Group is listed on the Johannesburg Stock Exchange (JSE) under the ticker 'PPE'. Divisional Structure: The company operates through a number of divisions, including GT247.com, EasyEquities, and Emperor Asset Management. GT247.com: GT247.com is a division of the Purple Group that offers a platform for trading futures, contracts for difference (CFDs), and other financial instruments. EasyEquities: EasyEquities is a division of Purple Group that allows individuals to buy shares in companies listed on the JSE and other global exchanges. It aims to make share ownership more accessible by allowing for fractional share ownership. Emperor Asset Management: Emperor Asset Management is a division of Purple Group that offers investment and portfolio management services to individual and institutional investors. Recognition: Purple Group has received numerous awards for innovation in financial services. Leadership: Charles Savage is the CEO of Purple Group and has led the company through significant growth and diversification. Fintech Innovation: Purple Group is considered a pioneer in the South African fintech sector.
JSE:PPEShort
by Timonrosso
Capitec C&H ready to rumble to R1,853Cup and Handle has formed on Capitec's Daily chart. We've had a disappointing 12 months with banks and its downside. And today, the price opened above the Brim Level. This means, the buying and demand is more likely to take the price higher. Other indicators confirm: 7>21 - Bullish Price<200 But price is heading to the 200MA RSI>50 Target R1,853. SMC Sell SIde Liquidity Below the C&H. You can see previous wicks touching the Order Block and then the price rallying. That's Smart Money buying up and sweeping selling from retailers. Only concern is the current downtrend, which is still intact. We need the price to break above, for the confirmation to really get this going. ABOUT THE COMPANY Founded in 2001: Capitec Bank was founded on 1 March 2001 and has its headquarters in Stellenbosch, South Africa. Retail Focus: The bank primarily focuses on providing retail banking services, such as savings, payments, and lending products. Innovative Business Model: Capitec was one of the first banks in South Africa to operate on a branch-based model rather than using separate branches for personal and business banking. Digital Banking: Capitec offers innovative digital banking services, including internet banking and a mobile banking app, which has won several awards. Affordable Fees: Capitec is known for its relatively low banking fees compared to other South African banks, which has contributed to its popularity. Unsecured Loans: Capitec was one of the first banks in South Africa to offer large, unsecured loans.
JSE:CPILong
by Timonrosso
Where to NEXT with the JSE ALSI 40? I hope UP!Do you want the JSE ALSI 40 to fall where we profit from all the shorts. Do we want the JSE ALSI 40 to rise, where we can profit from the longs. I'll tell you what I want. I always want the JSE ALSI 40 to rally. I don't mind being stopped out on shorts. I don't care about the shorts anyway. And the reason is because I am optimistic with South Africa. I want the companies to do well and I want to celebrate their success rather than downfall. So, no matter what the situation is I always want the JSE ALSI to rally. Take a look at the chart now... We see a change in the pattern. Since the last higher low. We have extended the Symmetrical Triangle. So in a way, it's within the formation and the price is likely to head up... On the other hand, if it breaks below it'll be a reversal pattern and the price will likely continue down. Let's hope for the prior analysis as I'm an optimist.
JSE:J200Long
by Timonrosso
Why MOST Traders QuitI have said this many times. You only lose when you quit. Until then you’re either earning or you’re learning. But the issue is majority of people quit trading. And it goes far beyond just money lost. I say that because the essence of trading is playing with money you can afford to lose and you can psychologically handle. Right? So, it goes beyond money. If you’re thinking of quitting trading, first give this piece a read and let’s identify the cause and it might help you to carry on. You’re closer today to achieving your trading goals than yesterday. The Pitfalls of Financial Trading REASON #1: They blew their account by risking too much One of the primary reasons why many traders ultimately quit the financial markets is the common mistake of blowing their trading account. There are three main reasons you blew your account. You risked far too much on certain trades. You did NOT adhere to strict money management principles. Your portfolio was tiny (Under $1,000) to start off with. So the costs, the brokerages, the margins were all too much. It’s like flying a plane at a low altitude hoping you won’t strike a mountain. REASON #2: They keep adapting losing strategies based on non-tested methods Another reason for you to abandon your trading is this. Your methods, strategies and systems are losers. If you back and forward test, it yields negative results. So, technically the system is achieving what its numbers are in a way. I’ve back tested a LOT of strategies in my youth. 100s of thousands of parameters, indicators and criteria. And 89% of them were just plain losers. Don’t think by logic, that the system will work. Don’t think by a few months, will dictate a systems complete and eternal performance. Don’t just follow a trader’s strategy and adapt to your own without any backtested results. Without proper testing and evaluation, you are at risk of adopting strategies that are based on faulty assumptions or rely on limited historical data. REASON #3: They go against their strategy as their ego takes over and they lack confidence Ego is a dangerous trait to have as a trader. And with you feeling like you know better than the market and deviating from your plan, is a recipe for disaster. Do it once, you’ll do it again. Do it a few times, and you’ll get right back on that emotional roller coaster that comes with trading. And it will grow and infect your trading as it will lead to even more impulsive actions and irrational decision-making. Your confidence will get shot. Your vibrations within yourself will be depro and will reflect onto your trading performance. The psychological pressures associated with trading can magnify the impact of losses and amplify self-doubt, ultimately push you out of the game. REASON #4: They can’t weather through drawdowns NOTE: Drawdowns, which refer to the decline in a trader’s account value from its peak, are an inherent part of trading. Here’s something funny. When you go through good times with trading, it almost feels normal. And you can go through 6 months of great upside for your portfolio. But when that one or two months drawdown kicks in (inevitably it will), time feels different. It feels like an eternity of failure and with the feeling of you’re never getting out of this.. Unfortunately, many traders find it challenging to cope with these challenging phases, leading to frustration and ultimately quitting. Am I right? Well as my friend and great colleague Igor said to me: Your biggest winning streak and your biggest drawdown is still to come. So you might as well embrace it with strict money management principles along the way. Successful trading comes with the ability to easily withstand drawdowns and navigate through extended periods of market downturns. Also, psychologically you may find as a new trader that when you endure through longer periods of downside in the market, it can be both mentally and emotionally draining. Extended periods of drawdowns can cause a few problems: It can erode a trader’s confidence It can take away their optimism It can make them feel envious over other traders who are winning It can demotivate them to carry on It can cause them to make irrational decisions It can lead to over trading and revenge trading It can make them quit. They find the next “best” thing, onwards to the next holy grail (which never arrives). REASON #5: To continue the pursuit of the next “best” thing People follow where they think the quick money it. They are constantly on the quest to find their holy grail. Sure, trading isn’t for everyone. And Yes trading is the hardest and most easiest way to make an income. But, you seek will also require a ton of research, psychology, sacrifice and time. Nothing of high reward comes without a degree of risk. Bigger the reward, greater the risk. Or everyone would make a ton of money, right? So don’t fall into that trap of jumping to the next lily like a frog… Traders who constantly search for the next big thing end up chasing elusive dreams instead of focusing on developing their skills and understanding the markets. The reality is that there is no magic strategy that guarantees success in trading. The markets are ever-changing, and what works today may not work tomorrow. It is important for traders to recognize that trading success is not about finding a secret shortcut or relying on external factors beyond their control. It is about continuous learning, discipline, and a willingness to adapt to changing market conditions. Develop your robust trading plan, manage your risk effectively, and stay focused on long-term goals. Those factors alone will keep you on the right quest to trading well.
TVC:SA40Education
by Timonrosso
1
6 IMPORTANT Trading Orders You need To Know!DO YOU KNOW THE 6 TRADING ORDERS? There are many trading orders that a broker can offer. You’ll just need to confirm on the platform or give them a call, which ones they have. And it’s important to know which one suits your trading needs best. Before you buy or sell a trade, there is usually a setting that you can choose to execute your trade. Common options include: 1: GTC: “Good Till Cancelled” Where the order remains active until you manually cancel it. 2: FOK: “Fill or Kill” (Settle!) This type of order requires immediate execution of the entire order quantity. If the full amount is not executed, it is then cancelled. 3: GTD: “Good Till Date” Where you can specify a specific date until which the order is valid. 4: MIT: “Market if Touched” This order is triggered when the market price reaches a specified level (trigger price). It then becomes a market order and is executed at the best available price. 5: LIT: “Limit if Touched” If a Limit if Touched order is triggered when the market price reaches a chosen or trigger price. 6: GTC (Good Till Cancelled). This way you’ll know that your position (order) will stay in the market until you cancel it manually.
TVC:SA40Education
by Timonrosso
1
Revenge Trading is Lethal - 5 Reasons Why!Do you feel it in your bones. Where do you want to: Take trades to make up for losses? Take trades for the sake of trading? Take trades out of emotions and gut (gat feel)? Take trades to make a quick buck? If so, you have felt the power and dangers of Revenge Trading. TO put it blunt. Revenge trading is detrimental, dangerous and just plain stupid for any traders to succumb to. I feel like I can finish the article already as I have said what I needed to. Not just yet! You need to understand why Revenge Trading is to your downfall. Let’s start with these: #1: Impulsive decisions are dangerous In the heat of the moment, you just want to take an impulsive trade. This can lead to disastrous outcomes. Revenge trading happens when you want to try recoup losses quickly. And so traders abandon their strategies, systems and rules. And they take on unwarranted risks. This will stop you from making good, calculated, logical and well-informed decisions based on sound reasoning and market research. Don’t do it! #2: Trading on emotions is deadly Emotions such as fear, greed, and frustration have no place in trading. Revenge trading is fueled by these emotions. And this causes traders to deviate and steer way from their plans by instead acting irrationally. What then? Bigger losses, unnecessary risks to the portfolio and skewed results on your trackrecord. Your hard earned and timely worked on journal! Is it worth it? I think not. Cut out your emotions and work at being calm and take on the more logical approach, devoid of emotional interference. #3: Violating trading rules is damaging Every trader should have a set of well-defined trading rules in place. Not just rules but also a list of criteria. Revenge trading typically involves disregarding these rules and just going against everything you should do. Basically, what the average dumb retail trader does which results in 98% of traders losing in this financial endeavour. Violate your rules and there will be severe consequences. Loss of confidence. Bigger losses More losses Erratic wins (which make you want to do it again and again and again) Not worth it. Don’t do it. #4: Too much unnecessary risk You know you’re using your hard earned cash to trade and build a portfolio right? So why are you burning it and cutting it up like it’s nothing? This reckless behavior can lead to bigger drawdowns and can even wipe out trading accounts entirely. Don’t do it! #5: Creates an ongoing cycle of doing it again Great! Once you have violated your rules, gone against your strategy and pretty much gone ape or rogue on trading – it takes a lot to gain ones integrity and discipline back. One of the most dangerous aspects of revenge trading is its cyclical nature. Break the rule, you’ll break it again. Cheat, you’ll cheat again. Enter a gambling mentality and you’re in trouble. Bank a winning rogue trade and you’ll succumb to the trading world of discretionary action. However, if these subsequent trades result in further losses, the cycle repeats, trapping traders in a never-ending loop of revenge trading. Breaking free from this destructive pattern will then need a ton of discipline, self-awareness, and a commitment to sticking to one’s trading plan. So please be careful. Trade well! Don’t trade like gambler. Avoid the perils of revenge trading by all means, starting from today. And when you feel the need to do it (like a junkie), come back and read this article. Had to be said.
TVC:SA40Education
by Timonrosso
Traders Help the Economy in 4 Ways!When you trade and invest, there are many elements that you will continue to help contribute to. I can think of 4 main ways including: Way #1: You help with liquidity (volume) Remember, you are the intermediary in the markets. When you exchange money and buy and sell, you’re helping provide liquidity and volume. This makes it easier for other market participants to trade and manage risk. No matter how small or big the account size is, every trade counts. (Similar to the butterfly effect). Way #2: Helping our fellow brokers and managers Yes I know most people can’t stand the fact of the fat cats making millions of rands off other portfolios. But in South Africa, I find that most brokers are very small and don’t earn a lot of money. (Some small brokers earn under R25,000 per month). So when you buy and sell trades, you will help pay the small brokerage fees, which will aid to the salaries of the brokers you are using. Way #3: When you pay brokerage and fees, it creates more jobs When you pay the brokerage and trading platform fees. You are not only helping the brokers. But also the company they work for. The more money that goes into the firms, the more jobs that are created for other employees (Facilitators, marketers, support staff, risk managers, accountants, analysts, domestic workers, etc…) Way #4: This brings growth to your broker or market maker When your broker is doing well, as they have good clients and investors – this gives them a bigger incentive to help build and grow the company further including: · Better technology. · Better innovation · Better efficiency · Better features in the business This will also improve your experience with their growth developments. And so, I’m sure you can see that even if you want to trade for yourself, you will still be helping many companies, people and the economy as a whole… Nothing to feel bad about.
TVC:SA40Education
by Timonrosso
SeaHarvest is ready to float to R12.00The price has broken above the downtrend. There is a crucial level that was tested, and it might be where the buyers and Smart Money have filled their orders. Every other indicator is showing downside, but remember indicators are based on past momentum NOT the future. So we can expect the price to rally up before the next drop. But I'll let you know. 21>7 - Bearish RSI<50 - Bearish Target short term R12.00 ABOUT THE COMPANY SeaHarvest Group is a South African fishing and food processing company listed on the Johannesburg Stock Exchange (JSE) under the ticker symbol SHG. The company was founded in 1964 and is headquartered in Cape Town, South Africa. SeaHarvest specializes in the harvesting, processing, and marketing of a wide range of seafood products, including hake, prawns, squid, and value-added frozen seafood meals. Hake is the primary species for SeaHarvest, and the company is one of the largest hake fishing and processing companies in South Africa. South AFricans are very lucky to have Hake at your disposal. In Europe it's difficult to find. SeaHarvest operates a fleet of vessels that engage in both inshore and deep-sea fishing to ensure a sustainable supply of seafood. The company's fishing operations primarily target hake, a popular white fish species known for its mild flavor and versatility in cooking. SeaHarvest operates state-of-the-art seafood processing facilities that adhere to strict quality and food safety standards. The company's product range includes frozen whole fish, fillets, portions, seafood mixes, and coated products, catering to both retail and foodservice sectors.
JSE:SHGLong
by Timonrosso
Merafe reached the first target at 113c now down to 73c?First, Merafe hit our target at R1.00. This was due to a Box Formation which the price broke below. Also above the Box Range was Buy Side LIquidity, where Smart Monet came up and swept and sold into the levels. This brought the price down and then some. Inv Cup and Handle formed on Merafe. And the price has broken below the brim level. Also the price is testing a crucial support around 100. Below that and it'll come down further. 200>21>7 RSI<50 Mt next target for the ferrochrome giant is to 73c. ABOUT THE COMPANY Merafe Resources Limited, commonly known as Merafe, is a South African mining company primarily focused on the production of ferrochrome. The company was established in 2001 and is headquartered in Johannesburg, South Africa. Merafe operates in partnership with Glencore in a joint venture known as the Glencore-Merafe Chrome Venture. The partnership holds interests in various ferrochrome assets in South Africa. Ferrochrome is a key ingredient in the production of stainless steel and other alloy steels, providing them with corrosion resistance and other desirable properties. Merafe's primary asset is the Glencore-Merafe Chrome Venture, which includes the Wonderkop, Rustenburg, and Lydenburg smelters in South Africa. The Wonderkop smelter, located in the North West province of South Africa, is one of the largest ferrochrome smelters in the world. Merafe's operations involve the mining of chrome ore, which is then processed into ferrochrome through a smelting process. The company also has an interest in chrome ore reserves and resources. The Glencore-Merafe Chrome Venture has a significant market presence and is one of the world's largest ferrochrome producers.
JSE:MRFShort
by Timonrosso