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South Africa JSE Top 40 Stock IndexSouth Africa JSE Top 40 Stock IndexSouth Africa JSE Top 40 Stock Index

South Africa JSE Top 40 Stock Index

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AFRICA40 trade ideas

Why you should NOT view LOSSES as LOSSESI want you to stop thinking of trading losses as losses. It’s having an effect on you emotionally and is stopping your full potential of growth. Financial trading, like any other business or aspect of life, involves costs. That’s just life. In business, there are costs associated with equipment, rent, salaries, taxes, and legal fees. In our personal lives, there are costs associated with household expenses like rent, groceries, insurance, medical fees, taxes, and repairs. Similarly, in trading, there are costs associated with normal losses, daily interest charges, and drawdowns. It’s crucial to remember that losses are an inevitable part of trading and should be viewed as a necessary cost of doing business. Just as a business owner must invest money in equipment, rent, and salaries to run their business, traders must also be prepared to invest money in losses in order to be successful in the long run. If you try to avoid taking a trade, because you are worried about the loses, you will miss out on the greater rewards for when profitable trading opportunities come your way. When you see trading losses as costs… You will be able to take a more objective and strategic approach to the trading decisions that you make going forward. This can help you to minimize losses and maximize profits over time. So there are few things you need to do to mange your costs (losses) emotionally and physically. Action #1: Set realistic stop losses Place your stop loss with every trade and never risk more than 2% of your portfolio per trade. Action #2: Understand the concept of Risk to Reward better. The risk-reward ratio is the ratio of the potential profit of a trade to the potential loss. By understanding the risk-reward ratio, traders can make more informed trading decisions and can better manage their risk. Action #3: Don’t feel your losses If you feel 2% is too much to risk, risk less! Get to the point with your life where a loss isn’t that much as with where the reward isn’t worth celebrating. Overtime, you’ll slowly grow your account and your mind too.
TVC:SA40Education
by Timonrosso
JSE ALMI Take profit hit at 72,600 next trade is imminentInv Head and Shoulders formed on the 15 minute chart. We had an evidential Sell Side Liquidity Order block form around the Right Shoulder. This is where the price broke structure and we entered with our TP1 hitting 72,600. Next we have another setup preparing. We need the price to come back down to the most recent Sell Side Liquidity Order Block. sweep liquidity, turn up and break out of the downtrend . That's where we'll get our next Buy level around 72240. But I'll let you know as always!
JSE:J200Long
by Timonrosso
BIG TIP OF THE DAY - Ride Winners and Cut losers BIG TIP OF THE DAY: If you want to ride up winners, lock in profits and reduce losers here is what to do. 1. Place your Entry Stop loss and Take profit (But have a TP 2 and TP 3 in place). 2. When the price approaches TP 1 (Close half of your position and move your stop loss to Breakeven) 3. When the price hits TP 2 (Close half of your position and move your stop loss half-way) 4. When the price hits TP 3 (Close your entire position). This is how to ride your profits and winners.
TVC:SA40Education
by Timonrosso
Why we MAKE Excuses as tradersIt is an innate habit to make excuses in life. We make excuses because it is the easy way out. And let me tell you. With trading, there is no EASY way. As I like to say trading is the easiest hard way to make money. It starts with NOT making stupid excuses such as: Excuse #1: “I don’t know enough about the markets – so I won’t trade yet” People don’t trade because of one thing. Ignorance. People may make this excuse because they have not put in the time and effort to research and understand the stock or market they are trading in. They make this excuse that they believe the market is a difficult, advanced and complex world to financially grow. If you passed school, or university – you can definitely learn how trading charts work and how the market operates. Besides, it’s just demand, supply and volume and the rest is micro and macro economics (which you don’t even need). I know some 20 year olds who dropped out of school to learn to trade the markets and they are doing fine (for now). Excuse #2: “I’m scared of losing money – so I’m not going to trade”. Sure you’re worried about financial loss and that you can blow your account. Besides 98% of traders fail, because of this. But you do know you can start with a demo (paper) account in the mean time. Once you see consistent paper returns and that you have a solid and adept strategy, you can start depositing little by little. Money is no excuse when you can learn to trade – for free! Excuse #3: “I won’t be able to stick to the strategy” Most people make this excuse because either: They do not have a proven and profitable strategy. They do have a strategy but do not have the confidence to trade it. They do NOT have the faith to actually take the discipline to take a trade when the system lines up according to the strat. They don’t think they’ll be able to focus on trading because, they are distracted by other things in their lives. This is a mind game, so work on yourself before you trade for yourself. Excuse #4: “I can’t stand the fact of losing” Back to ego, pride and integrity. Let me try and help you with this one. When you buy yourself clothes, cars or other material stuff. You do know you’re spending your hard earned money – poof – gone. With business, you have monthly costs fixed and variable. With life you have expenses and unexpected doctor appointments. All of these come with an opportunity cost. I lose this to get that. Trading shouldn’t be any different. You lose a bit of capital off one trade, to bank a higher return the next time. Rinse and repeat and your losses will start to feel like costs of the business. Your winners will feel like the money to pay for some of the costs next month. Cut your ego out because every week and month you spend and waste money – it’s called maturity. Excuse #5: “I’m waiting for better conditions” When the market Is not that favourable, how do you know when it will turn back? You just need one day, one week or one month – and your portfolio could head to all time highs. It’s not our jobs to trade when markets are favourable or not. It’s our job to follow the proven strategy because we know it will yield a consistent return over time. Also… When you do eventually get into trading – then what? Are you going to stop trading again because the market isn’t feeling right for your strategy? I should hope not. You’ll be entering into a discretion and subjective form of trading which eventually ends up to be a losing strategy. I hope this helps and makes you realise that excuses are nothing more than going back into a comfort zone of no change and progress… When later in life you’ll realise. Your comfort zone, was uncomfortable to begin with.
TVC:SA40Education
by Timonrosso
TAKE PROFIT HIt - JSE ALMI at 72,603 in 2 daysWe got in on Thursday 6 April 2023 at 71,540. This was based on an Inverse Head and Shoulders formation along with an Order Block of buying from smart money in two different places. Then there was a public holiday on Friday 7 April then it was the weekend and then another Pubic Holiday on 10 April.... Technically, we've only been holding this trade for 2 days. SMC The price came back down swept Sell Side Liquidity and then the buying really kicked in on Tuesday getting us out at 72,603. Nice quick gain and waiting for the next setup.
JSE:J200Long
by Timonrosso
JSE Top40 (J200): Return of the BearsThe JSE Top40 is looking weary, I am looking at this as a setting up of a topping formation for the weekly cycle for the following reasons: 1. RSI has begun falling, building negative divergence while price is still ranging in what appears to be some distribution. 2. In recent times, the Top40 has not managed above 20% distance from 200DMA, best being out of October 2020 low +21%, we managed 19% currently. 3. The uptrend has been on for 21 weeks, unless we have a long cycle, we within time for a top before going down for +10 weeks. In this environment, one is best taking profit & seek shelter in shares that move contrary to the index. Price interaction with the green and blue trendlines will be of interest for the daily cycle going into March 2023.
JSE:J200Short
by runyamhere
5 DONT'S TO be a Better TraderWe know what we need to do to be a top trader. On the method side – we need the right markets, to trade the right strategy by following proven rules and criteria. On the mind side – we know we need to adopt a strong will, with discipline, passion and pure integration. But what about the DONT’S? What mustn’t we do during the process of becoming a successful trader? That’s the question we’ll address today. #1: DON’T fear losing Losing is part of the process. The trick is to lose (risk) little and make up for it during the conducive times. All trading strategies are not 100% market proof. This means, every strategy will reach a difficult period where the market environment does not gel well with your system. I lose 37.5% of my trades. I’ve been losing this percentage of trades for the last two decades… And you know what… I love it. I love the fact, how there’s a balance with my system which leads to a level headed and content approach to trading. Don’t fear losing – embrace it and OWN it. You only fail when you quit. #2: DON’T dwell on past failures Whatever trading process you’ve endured i.e. You blew a couple of accounts. You keep losing to bad strategies. You keep going against your strategy which hurts your account. This was and is your journey, time line and experiences that will turn into wisdom which will help you to excel with your trading… Just like we learn in life not to regret and not to carry our heavy weighted past on our shoulders, so to mustn’t you do with trading. Don’t dwell on your failures – because it’s those experiences that will help you flourish #3: DON’T expect fast riches With high reward comes higher risk. We are not in the risky business. And I sure as hope you don’t want to stress, worry and live on a high adrenaline knowing you can lose everything – trying to get rich quick fast… Right? Instead, you must want a get rich slowly BUT surely method. #4: DON’T compare yourself to others Big one… Sure, there are a few (not many) but a couple of traders who are doing extremely well for themselves. They probably don’t have it in their DNA to commit hours a day to helping others achieve the same – which is fine… But they all took the necessary steps, time, blood, sweat and fears to get to where they are. Just like you are going through your trading endeavours. Don’t worry about what others are making. Don’t worry about how many winners he took or how little losers she took. Don’t stress over his 70% win rate system or her “hasn’t taken a single loss in 2 months” system. You should have everything you need right in front of you. A computer An internet connection A broker (with a charting and trading platform) A proven and tested trading system Time Keep to your time line and don’t worry about what others are doing… When you compare, you lose track and focus on what you need to achieve your goals… #5: DON’T give up You are closer today than you were yesterday. And tomorrow you’ll be even closer (despite having a good or bad trading day). Money, you can always make back. Wisdom is something you only learn through experience. It’s nothing you can teach someone, but something you can keep them aware of – for when they go through it… So keep grinding, and keep at it… Perseverance my friend… That’s the key. Enough for today… Let’s sum up with the 5 DON’TS to become a better trader… #1: DON’T fear losing… #2: DON’T dwell on the past failures #3: Don’t expect fast riches #4: DON’T compare yourself to others #5: DON’T give up
TVC:SA40Education
by Timonrosso
Inverted Cup and handle still activeThe SA Top 40 has seen a strong rebound over the past 6 trading sessions, but we still have a textbook inverted cup and handle at play. Price has only today re-tested the breakout level which also coincides with the Daily 100 SMA which should be acting as resistance here. Without a break above the regression channel @ 70880 we will likely see the downtrend resumed to the inverted cup and handle target near the lower end of the channel at around 66880
TVC:SA40Short
by FXAutomate
T.G.I.M - Thank God It's Monday Traders! As a trader, Monday is probably the most exciting day of the week to trade... But before I tell you why let me remind you.... We live in a world where… Most people hate Mondays… Not only that… They wait 5 days to finally enjoy and live two measly days. They live for the weekend ONLY. That’s sad… But let’s try to conceptualise how lucky you actually are… Every action that your great, great, great, X 1,000 grandparents did, is the very reason you get to enjoy consciousness and existence in this blip of time. If just one of them got up to get a glass of water instead, you wouldn’t be around… Then let’s talk about that one day… Out of the millions of swimmers in one occasion on one day, you were the winner. YOU WON THE GIFT OF LIFE. That is a reason alone to celebrate every passing minute of your life. You won the cosmic lottery… Then, as life progresses you learn what you like, how to live and who to live with. You adapt to your idiosyncrasies, tastes, habits and interests… That’s what makes life a little easier to get through… And… Technology continues to outperform each year. We now have ways to communicate online, build our own empires and make an income through different career choices. Whether you enjoy investing, horse racing, online gambling or my favourite (financial markets trading), you have a multitude of options to choose and benefit from… And because you’re reading this today, tells me one thing… You have that passion, determination and discipline to try out the trading thing… Am I right? So what does this have to do with T.G.I.M? You need to stop saying “I hate Mondays” and start saying… “Thank God It’s Monday” Each Monday you start a new journey of life experiences to take you on the path of success, financial freedom and happiness… Mondays and the rest of the week days, are the days when you have the opportunity to grow your financial position. NEW OPPORTUNITIES TO: Learn about new markets with trading. Refine your trading risk management skills Take on new high probability trades to build your portfolio Educate yourself on new financial markets terminology, concepts, strategies and systems Go one step closer to achieving your financial goals Each day you learn, adapt and grow your portfolio, is another day closer to achieving your freedom. Also, you can ONLY get better. Find a reason to love Mondays. Next week wake up and say with confidence. T.G.I.M. Write it down somewhere BIG and read it out loud each week before you take a trade.
JSE:J200Education
by Timonrosso
1
6 Rules of Successful TradersI’ll tell you this. The money you desire, is not going to just fall into your lap. If you want to be a successful trader, you need to write down the ground rules to get your as$$into gear. I can’t profess for every professional trader, but I can share with you my rules I’ve been following for the last 2 decades. Feel free to write them down for your trading. RULE 1: Always have a trading plan This is a must. The financial markets are dangerous. Once you enter them, you are playing with the big boys. If you go in blindly or naked (without risk levels in place), prepare to be caught with your pants down. You need your game plan in front of you at all times. There needs to be criteria you’ll follow from when you switch on your computer to when you close it. RULE 2: Don’t procrastinate Trading is like waiting for the next train. Wait too long and you’ll miss your train. You’ll then have to wait an unnecessary extended period of time for the next one. When your trading plan fires a signal – FIRE. When your trading plan fires an adjustment move – FIRE. You are only fooling yourself, if you don’t act when you need to. RULE 3: Be patient There are two important factors to patience. First, never rush into getting into a trade for the thrill, excitement or revenge! Second, never rush at getting out of a trade if it has not hit one of your trading levels. Patience is where you will grow your portfolio. Say that out loud… Patience is where you will grow your portfolio. RULE 4: Take the trade If I made a T-Shirt I think I would have one just saying. “Just take the trade” Repeat after me! If all is lined up and ready to go. It doesn’t matter what fundamental factor or news event is going on. It doesn’t matter how you’re feeling or that you have a headache. Just take the trade when your plan tells you to. It will take you 30 seconds. Then close your laptop and go rest. RULE 5: Keep learning With technology advancing, financial instruments changing, market dynamics shifting and with the world evolving… You need to keep learning and updating your knowledge base. You never know if the new developments, will lead to a higher win and success rate. You never know if your system and trading will be optimised and maximised to a better performance, The onus is on you to keep up with learning… RULE 6: Don’t give up We all have our own time lines with trading. We are all on our own journeys, challenges and struggles. You only lose when you quit. So please, I beg you, don’t give up and you will thank me later… Let’s sum up the 6 rules quickly for you… 1. Always have a trading plan 2. Don’t procrastinate 3. Be patient 4. Take the trade 5. Keep learning 6. Don’t give up
TVC:SA40Education
by Timonrosso
Top40- 4000 points on offer...The Top40 has come under immense pressure over the last week or so and after the weekend's news, markets are shaky. The index has not only broken support, but also the 50 day moving average, with the RSI looking very weak and stochastics showing heavy selling. I think any bounce near 71000 can be shorted for a continuation of downward momentum. The next level of any meaningful support is rather far away...lots of room to scoop some volatility profits.
JSE:J200Short
by RobbyP
Why Trading Should be like Watching Paint DryIt has to be said. If you want excitement, take $10,000 and go to Las Vegas for a day. Trading should not bring about the same level of excitement. I’m not saying, the entire process should be boring. In life and with the careers you choose, you have to love what you do. You have to keep the reward and vison in your mind, to drive you each morning. And you need to have the discipline and integration to follow your plan each day. So, should trading be boring? Um, yes and no. Let’s start with where trading should be exciting and fun. When Trading is a Thrill This is where most people stay. They don’t take the necessary steps to open a trading account, fund it and grow their portfolios. Instead, they stay in a feel safe and in control of their non-growing finances. I still have members who’ve followed me for 10 years, and haven’t taken ONE single trade. You need to jump out and take action. The thrill of trading should be before the execution takes place. This includes: Analysing the markets Optimising your strategies Searching for high probability trades Reading up on new trading developments and fundamentals Monitoring your results and working on your statistics Finding new markets and instruments to trade and add to your strategy This part is an absolute blast. And requires no risk and no waiting. But then, when you do find your trade line up and put in your trading levels and click buy / sell… Then… Trading needs to be like watching paint dry or grass grow Once you have taken your trade, set your entry, stop loss and take profit levels – you’ve done your job. You now need to let it go and let the market to take over. Don’t interfere… Don’t get excited when it’s in the money. Don’t fear when it’s going against you. Don’t watch every tick. It will drive you insane. Just leave it alone. It should be boring to even see what your trade is doing, because it’s out of your control. If it hits your stop loss – cool… You’ve got your risk management in play. If it hits your take profit – cool… You’ve got your reward management in play. If you have rules to adjust your stop loss, when the market is moving in your favour – cool… You’ve got your reward management in play. Rather focus on the next trade idea or the other bullets I mentioned in the beginning. Keep control with what you can control and leave what you can’t control to the “stars”.
JSE:J200Education
by Timonrosso
6
ROADMAP from COMFORT to GROWTHMost people take the easy road of being in a Comfort Zone. For this reason, they keep getting the same results and remain in their ‘uncomfortable’ position in life. Think about it… Those that don’t understand new things, never adapt to something that could change their life for the better. Those that keep earning the same old salary, never grow their retirement kitty to the level they wish. Those that never throw things away, end up cluttering their life with the old. Trading is no different. It requires you to step out of your comfort zone in the beginning, to create something that can change your life. Besides, great things never came from being in a comfort zone. Let’s talk about the stages required to become a Growth Trader. ZONE 1: COMFORT This is where most people stay. They don’t take the necessary steps to open a trading account, fund it and grow their portfolios. Instead, they stay in a feel safe and in control of their non-growing finances. I still have people who’ve followed me for 15 years, and haven’t taken ONE single trade. You need to jump out and take action. ZONE 2: FEAR When you have finally decided to take a leap of trading faith, a whole bunch of new fear with encompass your mind. Will I lose money? Will trading work for me? Will I be able to follow a strategy each day? Will I be on time to trade the markets? What if the market environment is not conducive when I start? Harness this fear, because it means one thing… CHANGE IS COMING… ZONE 3: LEARNING Every loss, gain, rule is a lesson and adaption to entering a NEW zone. Every challenge you face, is one less challenge you’ll need to deal with in the future. Every difficulty you experience is a skill that you’ll acquire for trading. The more you learn about the technical and fundamentals of the financial markets, the higher the level of experience and wisdom you’ll gain as a trader. The learning phase is imperative to achieving success in any field… ZONE 4: GROWTH The accumulated lessons, experience, wisdom, actions and tribulations of repetitive actions – are the foundations to entering into a new comfort zone of GROWTH. The difference is… You would have taken the necessary steps to succeed and accomplish your trading goals. It will eventually reach the point, where the above zones will help you enter into a conditional and automatic process into your life where trading is nothing more than a continuous habit. Once the fear, thrill and uncertainty are removed – only then you’ll realise that the initial comfort zone of inactivity was the uncomfortable phase that took you nowhere… Life begins at the end of your comfort zone. Read that last sentence again.
JSE:J200Education
by Timonrosso