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J200 trade ideas

20 Trading Checklist in 2024In just two months, we are coming to the end of 2023. If it's been a year of learning to trade and getting to grips with everything. Then I have a 20 Trading Checklist for you to kickstart 2024. Print it, save it and repeat this whenever you need a Jimney Cricket by your trading side. You go this! Love what you do Trust the process Never miss a trade Don't fall for scams Ask trading questions Don't allow distractions RE-evaluate your watchlist YOU CAN ONLY GET BETTER Celebrate taking each trade Never extend your stop loss Stop overthinking everything Save 15 minutes a day to trade Boost your trading knowledge Screenshot every trading setup Find the best time that suits you Only follow your trading signals Journal and jot down every trade Follow your own trading time-line Accept when market trends change Deposit money to trade every month Let me know if this helps. T
TVC:SA40Education
by Timonrosso
JSE ALSI fools us again - New target up to 74,748?Once again the imfamous Mr Market JSE has fooled us again... After the 1 year twilight zone of going no where, the price broke below and entered into a BEAR MARKET... However, it lasted literally 7 days before jumping right back into the range... It's not only broken above the downtrend line, the price is testing the support, which could form potentially a right shoulder... If this plays out, it will break above the neckline and will continue up to 74,748. I am heavily invested in longs and shorts. And the balance of finding what works in the market is a challenge but at least, we are not losing a lot of funds.... It's crucial to preserve and protect what you have during uncertainty and not to focus on making money but looking after what you have by means of diversification and hedging... This can last as long as it needs to. I'm bullish on the JSE right now.
JSE:J200Long
by Timonrosso
When You Should NOT Trade! 11 Reasons to Take a Step BackYou have two choices each day you open your trading platform. To trade or not to trade. There are circumstances that will rise where you won’t trade for that day. Then there are times where you should NOT trade at all. And then there are situations where you need to avoid trading. You know when to trade. Now here are a couple of 11 reasons to take a step back with trading. After a bunch of knocks After you take a couple of losses, it might feel natural to want to jump right back in. You don’t want to lose. You want to recoup your losses. You want to ride the prominent trend. You have to learn to resist this temptation. Whether you buy or sell, if the market is in a bad state or environment – you’re likely to lose your positions. So take a step back and come back tomorrow. The peril of revenge and impulse trading tendencies I’ve told you many times. Any occurrence where you are NOT following your proven strategy is deadly. Revenge and impulse trading (to try and make up for any losses) is a dangerous path. Not only for the day. But it scars and sets a precedent for you to do it in the future. In the medium term, it’s a surefire way to harm your portfolio. Learn to recognize and control these tendencies. Rather take a step back and come back, the next day, with a more rational and logical approach. The absence of clear setups If you don’t have any high probability trades that have lined up, forget trying to take a trade. This is like sailing with a destination in mind without a compass. Trades will come. The markets will always be there for you tomorrow. So wait them out… Emotional instability Emotions when trading are a dangerous trait to have. Anxiety, excitement, ego, fear, greed or distress can cloud your judgment. If you’re emotionally unstable, you need to take a step back and learn to control your emotions. Drop your risk, ‘till you no longer feel a loser or winner. Continue backtesting until you regain your confidence. Refrain from trading until you learn to balance your emotions. Can’t afford it – forget it! If the funds you’re using for trading are essential for your survival or well-being, this is a red flag. You are going to be highly dependent and emotionally attached to your funds. I say it over and over… Do not trade with money you can’t afford to lose. It creates an unhealthy pressure that can influence your trading decisions. Don’t know it – Don’t trade it. If you lack a solid understanding of markets, methods or money management – you’re not ready to trade. You need to understand the above along with the market dynamics, the costs and process of instruments and how your trading and charting platform works. Education is key here. Learn, learn, learn. When you have less questions and more answers, then it might be a better time to take the trade. Low probability setups When the market is moving nowhere slowly. Or the markets are moving wildly with high volatility – this might be a time to not trade. The risk and uncertainty of the market is high. And this will result in only low probability trade setups lining up. If you really want to trade them, because you have nothing better to do – fine. But at least risk LESS. Risk between 0.5% to 1% of your portfolio instead of the full 2%. When exhausted, ill or mentally unstable Physical well-being also plays an important role. Your mental state affects your trading performance. If you’re not in the right mindset, consider taking a break. Avoid trading if you’re not feeling well, exhausted, angry, or you’re feeling unstable. Get your mind right, recover and see the markets with healthier and happier eyes. That made sense to me :/ No clear setup Sometimes, you might analyse the markets. And you’ll see nothing. Then, you’ll re-analyse and look EXTRA carefully. You’ll look and look and look until, somehow a trade presents itself. I’m telling you now, this is a dangerous time to take the trade. A trade should stick out like a sore thumb (according to your strategy). If it doesn’t, then you’re trying to see something that most likely is NOT There. Trade based on sound, proven and strong analyses, not via imagination and hope. During major economic announcements This point is more related and significant to Forex traders. If you see a high impact economic announcement, report, meeting etc… It might be a good idea to take a step back, and skip trading for the day. I’m talking about NFP, Unemployment, GDP, FOMC, Interest and Inflation rates etc… Without a trading plan A well-crafted trading plan is your roadmap. It’s your game-plan to make a probability prediction on a potential outcome. You need to eat, breath, shower and sleep with your trading strategy. If you don’t have one, don’t trade until you develop a plan and are ready to stick to it. Right so, now you now when to take a step back and NOT trade. I’ll sum them up here for you… After a bunch of knocks The peril of revenge and impulse trading tendencies The absence of clear setups Emotional instability Can’t afford it – forget it! Don’t know it – Don’t trade it. Low probability setups When exhausted, ill or mentally unstable No clear setup During major economic announcements Without a trading plan
Editors' picks
JSE:J200Education
by Timonrosso
21
The World is your Trading Oyster! Trade it!The world is your trading oyster Any market with a ton of volume, is going to move in one of three ways. Up, down or sideways. Stocks, indices, Forex, commodities or crypto currencies, They all move the same, they all act the same. We need to remember to diversify different markets into our trading. When some are in bad market envrionments, others will be in good trading conditions to help balance and hedge the portfolios... Be open to the markets available and do your research to see which will comply and will be compatible with your strategies.
JSE:J200Education
by Timonrosso
1
Bla Bla Bla Excuses to NOT trade Bla Bla BlaWhat is your biggest trading excuse? 1. Not enough money - Then paper trade! 2. Not enough time - 15 Minutes is enough 3. Not enough education - Learn it's FREE 4. Not the right time - It IS the right time 5. Not the best market environment - Let's get into them... #1: I don’t have enough money to trade Open an account and start demo-trading then! TradingView gives you everything you need. Start back testing and kick off your trading on the right note. #2: I don’t have any time to trade Seriously? Do you have time to watch Netflix? Do you have time to walk your dog for 15 minutes? Do you have time to read a book? If so… You have time to analyse for 5 minutes, 2 minutes to place a trade signals and then leave it up for the market. 15 minutes a day or at worse, 15 minutes a week – that’s all you need. #3: I don’t know how to trade What do you think TradingView tutorials are here for? #4: I’m waiting for the right time This is the biggest excuse for people to take action in life. Not just with trading. With a new hobby, with opening a business, with learning to cook… You’re not waiting for the right time, because the only time is NOW. You’re just afraid of failing and too scared to start. Prove me wrong… #5: The world and the markets are in a bad state Hello! With trading, we don’t care whether the markets move up or down. If it goes up we profit. If it goes down we profit… That’s the whole point of trading. Or else I would just do the passive income (which I don’t believe exists) approach and just buy and hold forever in hope. #6: I don’t know what to trade Why choose? A chart is a chart. Any market with a ton of volume, is going to move in one of three ways. Up, down or sideways. Stocks, indices, forex, commodities or crypto currencies. They all move the same, they all act the same. So, diversify your trading and trade all high volume traded markets. #7: Trading is complicated Everything seems complicated in the beginning. But as you repeat the process on a daily basis, it gets easier… This isn’t programming, you don’t need to know maths or science. All you need to know is where to type in your prices. Market Buy Or Sell Volume (CFDs) Entry (Where to get in) Stop loss (Where to place your risk level) Take profit (Where to place your reward level) Trade (Enter) The rest, we show you via videos or in the Premium membership step by step processes EACH TIME. Say less, do more… If this motivation helped give the kick you need, let me know by replying back. What is your excuse?
JSE:J200Education
by Timonrosso
3 Dangerous States of a Trader“To err is human” It comes from Alexander Pope’s poem, “An Essay on Criticism.” This popular saying reminds us that making mistakes and feeling emotions are a common part of the human experience. In the high-stakes arena of financial trading, most people run their trading through three main emotional states. You might not be able to eradicate them completely but we can learn to keep them in check for superior trading performance. Let’s go through these three powerful states. State #1: Fear in Trading Fear is the emotional state that: Stops traders from actioning trades. Letting losses run (as they refuse to take a loss) Cutting winners too short (as they don’t want to lose their profits) When fear dominates, traders may freeze, act too soon, act too late or not act at all. How to Overcome Fear in Trading A well-structured trading plan is a trader’s best defense against fear. You need to think like the market. You need to trade like the market. You need to remove fear from your actions. That’s why you need to limit your risks per trade, where the loss does not affect you emotionally. You need to be strict with your trading plan, to avoid any discretionary and impulse trading decisions. And it’s important to start thinking with a more mechanical and rational approach rather than fear-driven ones. Practice mindfulness and stress management techniques can also keep your fear under control. State #2: Greed in Trading Greed drives traders to chase profits. This often compels them to take on excessive risk for the chance at bigger returns. They either increase their risk per trade, knowing that the reward will be bigger. Or because they want more, they will hold onto positions for too long. Having greed overtake the mind, will also result in overtrading and using up too much of their portfolios per position. How to Keep Greed at Bay in Trading Understand that trading is a long-term game. Consistency with small gains will build up a portfolio. Be content with 3% – 4% winners. Keep to this and greed will fall away and you’ll have a better chance of longevity when trading. State #3: Ego in Trading Ego is one state I never see anyone talk about. All you hear is fear and greed and greed and fear. But EGO. Ego is probably the most stubborn enemy. “Ego gets you inches but it doesn’t get you impact.” – Cameron Sinclair It convinces traders that they’re right, even when the market says otherwise. An inflated ego can lead to overconfidence, over trading, revenge trading and it can cause traders to disregard their strategy, risk and they’ll end up making irrational and dangerous trading decisions. How to Check Ego in Trading Even the most successful traders suffer losses. So you need to humble yourself and adopt amore mindful approach to realistic trading. Each small loss is a contribution and a trading cost to one step to success. You’ll also learn more from your losses than your gains. Which will give you an opportunity to learn and improve. So go back to your trading journal and review, monitor and analyse the true essence of what it takes to build your portfolio. This will help keep your ego in check. Conclusion Fear, greed, and ego are integral parts of the human experience. But there is NO need and use for it to succeed as a trader. When you learn to recognise these states and, you’ll be able to manage them better. And this will drastically improve your trading performance. Remember, successful trading is less about conquering the market and more about mastering your emotions.
JSE:J200Education
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?
JSE:J200Education
by Timonrosso
How to Time Manage your Trading – 6 WaysWhen it comes to the world of trading, time isn’t just money – it’s everything. A minute delay, can miss a profit opportunity. A minute delay, can make you question the trade. A minute delay, can affect your emotions. This is something I am constantly working on (even 20 years later). I truly want to wake up earlier, spot trades quicker (as they come) and have a better time management system. I might not be an expert in time management yet, but I will share some crucial tips I have learnt over the years. This will help you to not miss the trade. #1: Why you need to be punctual Being punctual isn’t just a good trait – it’s a survival skill. The markets move so quickly. They move with or without you. And they present opportunities on the daily. You need to be on time and when you see an opportunity that is about to present itself. Write it down. Stick note it. Set a reminder or something. But for Flying Spaghetti monster sake, don’t miss it! #2: Easy to miss a profit – when you don’t time analyses Every trader has stories about the “one that got away”. So what can we do to avoid this? You need to have your watchlists spread out according to what you trade. With TradingView, I have all my watchlists in different categories. Stocks, Forex, Commodities, Indices, International stocks. Etc… Then you’ll need to go over each watchlist every day. Write down the potential trades lining up. Then revisit the markets the next day. You need to be more punctual and disciplined to monitor, analyse and prepare for execution. Those golden opportunities missed due to hesitation or distractions. By maintaining punctuality in monitoring and execution, you can minimize these missed chances and keep your trading performance on the upbeat. #3: Set Reminders: The Power of Alerts Luckily, we have the technology to harness. You can set reminders for price levels to hit, on your own trading and charting platforms. Use these alerts to remind you when to act, or at least prepare for execution. #4: Sticky Note It Old school? Maybe. Effective? Absolutely! It doesn’t hurt to pick up a pen and a sticky note once in a while. Keep these visual reminders, to prioritise what you may be trading today. You’ll be surprised how useful this little pieces of paper are. #5: Develop a Routine Trading is a lifestyle. So you need to establish your routine with it. If you’re an early Hadeda you need to do a full pre-market review and write down the trades lining up for the day. If you prefer to look at the markets in the afternoon, choose a time where you will not be distracted by work, social media, kids or the Rugby! If you are an after the markets kind of trader, then do your research, analyses and even set your trading levels for the next day. I like to plot and draw all the levels and setups in the charts, and then write down which ones are almost ripe for the picking. #6: Prioritize Your Trades Not all trades are ready to action. Some might take a few days or months. What you can do is, flag them or colour them. GREEN – Act soon. ORANGE – Check over the next few days YELLOW – Trade could line up in the next few weeks RED – Potential setup but not likely in a few weeks. This approach will help you allocate your time better. So let’s sum up the time-management methods you can apply. #1: Why you need to be punctual #2: Easy to miss a profit – when you don’t time analyses #3: Set Reminders: The Power of Alerts #4: Sticky Note It #5: Develop a Routine #6: Prioritize Your Trades
JSE:J200Education
by Timonrosso
JSE ALSI 40 chosen a direction? - DOWN! Bearish Symmetrical Triangle has been in the making since 17 November 2022... However, the last few months, the JSE has just not been able to break above it's most recent declination resistance. Instead, it's for the first time, broken below the formation - showing the bears are really starting to win. How long will it last we don't know. But it looks like the JSE ALSI 40 has chosen a direction and it's down. Other indicators confirm. 200>21>7 - Bearish RSI<50 - Bounce on resistance Target 59,428
TVC:SA40Short
by Timonrosso
Update: JSE Top 40 IndexUpdate: JSE Top 40 Index. Yesterday morning the JSE Top 40 Index was down by 11% from my call at the beginning of the year when I presented a note called: "6 Factors Which Suggests An Attractive Reward-To-Risk For Sellers" (24 January, Published on 25 January on this platform) . The original idea is attached to this post. We saw the market peak three days late on 27-January. Well done to all who took the opportunity to reduce their risk. For more research insights, including trade ideas, get in touch today.
JSE:J200
by techpers
How to be a Trading WARRIOR!To trade well you need to think like a warrior. You need to harness your inner strength and go through the battles of trading. There are spectators, there are participants, and then there are warriors. These warriors stand apart. And you need to blend your skills and traits to equip you with everything you need to WIN. In this article, we’ll delve into the core qualities that can transform you into a genuine trading warrior. Mastering the Sword of Time Trading, like a warrior’s battle, is not won in haste. You need the three Ps as I often write – patience, persistence, and passion. Markets are fluid entities that are always shifting and changing. So, you need to take the time to learn how to adapt or die trying. The Shield of Dedication Your shield is dedication. You need to commit to the journey, embrace the learning curve, take the losses and drawdowns in your stride. You need to continuously seek to improve with every trade, every trend analysis, and every market lineup that comes your way. Embrace it with dedication. Discipline: The Unyielding Armour Discipline is what will make you win. You need to follow your trading plan and stick to your risk management strategy. You need to make decisions based on logic, not emotions. Discipline keeps you grounded, even in the face of market chaos. The Quest for Self-Understanding This is a self-journey too. It’s a lonely but essential quest you need to undergo. I always say you need to understand your trading personality and risk profile. Know and identify your strengths, weaknesses, and biases. This will help you to develop a stronger understanding of who you are as a trading warrior. Resilience: The Warrior’s Tenacity Resilience is about bouncing back from losses and setbacks. They are going to come. Some are going to be short. Some are going to be extending. Rome was not built in a day. Strategic Thinking: The Battle Plan Trading warriors are not impulsive. They develop a strategic plan and evaluate all possible outcomes. We make sure we calculate risks before we think of getting into a trade. So have your strategic game-plan with you all times. Adaptability: The Shape-Shifter’s Gift The financial market is volatile and unpredictable. It’s forever changing. New markets, new volume, new algorithms, new economic cycles, and new breakthroughs. A trading warrior is adaptable and can adjust their strategies to align with the changing markets. Continuous Learning: Sharpen the Sword A warrior never stops to hone their skills. You need to continue to learn, stay ahead of the market trends. And always refine your strategy when need be. Keep that sword sharp and ready for anything. Emotional Intelligence: Harness the Stallion Successful trading requires emotional control. Learn to adapt to your emotions and feelings. Become the market and think like them, so you don’t get clouded by your irrational and illogical judgement. Confidence: The Warrior’s Roar Confidence is NOT about being right. That’s ego. Confidence is embracing your losses to come. Confidence is when you trust your abilities, strategies and decisions. Confidence is being comfortable with your trading, no matter what. Independence: The Lone Wolf’s Path Trading warriors are self-reliant. They make their own decisions. They might follow a leader, but they take responsibility with their own trading and risk profile. You need to learn to take responsibility for them, and don’t blame others for their losses. Focus: The Eagle’s Gaze Trading warriors have tunnel vision. They are looking straight at their goals and responsibilities. The only thing you can do is to concentrate on your tasks, block out distractions, and don’t allow fear, greed or ego to shift your focus. Perseverance: The Mountain’s Steadfastness A trading warrior keeps going. No matter what obstacles or setbacks approach. They understand that perseverance is the key to long-term success in trading. Balance: The Zen Master’s Touch You don’t want to be glued to your trading screen. This alone will defeat you. You need to learn to balance trading, business, work and life. Don’t put so much energy in things you cannot control. Balance your life and your lifestyle. Integrity: The Knight’s Virtue In every trade, a warrior upholds honesty and fairness. They stay true to their principles, even when nobody’s watching. Integrity is what gives you the confidence, respect and laser focus you need to achieve. Courage: The Lion’s Heart This is not a faint-hearted game. You need a lot of courage and calculated risks to trade. Face losses and stand up against market pressure. Developing these qualities will not guarantee instant success. But with time, patience, and perseverance, you’ll find yourself becoming a true trading warrior! Let’s sum up the trading warrior traits… Mastering the Sword of Time The Shield of Dedication Discipline: The Unyielding Armour The Quest for Self-Understanding Resilience: The Warrior’s Tenacity Strategic Thinking: The Battle Plan Adaptability: The Shape-Shifter’s Gift Continuous Learning: Sharpen the Sword Emotional Intelligence: Harness the Stallion Confidence: The Warrior’s Roar Independence: The Lone Wolf’s Path Focus: The Eagle’s Gaze Perseverance: The Mountain’s Steadfastness Balance: The Zen Master’s Touch Integrity: The Knight’s Virtue Courage: The Lion’s Heart
TVC:SA40Education
by Timonrosso
The BEST trade to TAKE!Do you know what the BEST trade is? The best trade is not a winner. The best trade is not a lucky streak. The best trade is not what you think… If you’ve followed your rules, strategy, criteria, risk management and taken the trade. That is the BEST you can do. Whether it wins or not, you have taken the BEST trade. Let’s dig in… Follow Your Rules Every successful trader has a set of rules that act as the bedrock of their strategy. These rules are based on highly researched analyses on back and forward testing. In the medium to long term, you’ll reap the rewards. Therefore, your BEST trade is following your rules. Wait for the criteria To find the BEST trade, you must establish specific criteria that a trade must meet before you pull the trigger. Maybe you’re waiting for syzygy between price action, candlesticks, volume, indicators, chart patterns or a combination of them. Once the criteria has been met, then you’re ready to take the BEST trade…. Keep to your risk management Protecting and preserving your capital is paramount in trading. The BEST trade is when you have assessed the risks and put your safeguards for your trades. What are you willing to risk per trade? What is your margin requirements in the trade? Is it affordable? Will you have enough capital to play it through Will you have enough capital to take on many other BEST trades? Can you emotionally handle the risk per trade? Once you’ve got the right answers, you’re ready to take the BEST trade. Own your mindset – The Ultimate Act of Courage You know the trade might be a winner or loser. And it’s not about the outcome. IThe BEST trade is about having the courage to execute when all your criteria are met. It’s about trusting your process and embracing the uncertainty that comes with every trade. J.T.T.B.T – Just Take The BEST trade Once you’ve done the planning, analyses, risk assessment, then you’re ready to Just Take The BEST Trade! You’ve done your job. If it wins great – it’s once step closer to portfolio growth. If it loses – it’s the cost of the trading business. Remember this… The BEST trade is not a destination but a journey filled with learning, discipline, and resilience. It’s not solely about profit or loss. It’s about the process of becoming a better trader and evolving as a trader yourself. Let’s sum up with the steps to you taking the BEST Trade. Follow Your Rules Wait for the criteria Keep to your risk management Own your mindset – The Ultimate Act of Courage J.T.T.B.T – Just Take The BEST trade
TVC:SA40Education
by Timonrosso