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Online Share Trading

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sponono
Super Contributor
closes above 95 ex div day resistance. nca.
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9 REPLIES 9
gareth01
Regular Contributor
As a trader, patience was the name of the game...next target price R98, then R100... Will take profits at that level, and will be very satisfied.
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Not applicable
Gareth-I agree with your statement 100% about patience. But what happened to me was that my stop loss sold me out on both VOD and MPC and then the share bounced up again. How do you guys overcome this stop loss murpheys law issue....do you just set wider stop loss nets?
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gamma
Contributor
If you are disciplined enough, set a manual stop. That is, identify your stop loss level when you enter the trade rather than entering an automatic stop loss. If your stop less level is triggered, you need to exit the trade yourself, rather than automatically being stopped out. You will often get shaken out of your position if you enter automatic stops, even if the price moves a just few cents past your stop. Use it, don't use it...
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gareth01
Regular Contributor
@JD247 - I have burnt my fingers by putting a wider stop loss to mitigate murphy's law scenario arising, but then was caught adding to my losing trade... now I have made a conscious decision to make it 10% of capital outlay, when entering my trading po
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SimonPB
Valued Contributor
stop loss will always taunt a trader, but without one you go bust .. so make a plan and stickt o it, for good an bad ..
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kicc
Frequent Contributor
Now that the div issue is out of the way - i expect a steady climb to the R120 levels - got in at 94 rans levels again as see this as a long term potential - if prepared to wait 2 years - can achieve another 50% - not many other well established companies will give that kind a growth
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prancing_horse
Super Contributor
At last a bit of green on my screen, got in at 9715 just before LDT, turning out to be a good dividend strip.Managed to do the same with ABL
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sponono
Super Contributor
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SimonPB
Valued Contributor
blast, we was going for a record, no posts until after lunch .. seemingly you lunch early ??
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