How to survive the bear

[#1]

#call it a 'healthy retrace' instead of a bear. #hard drink #soft drugs ..and stop losses..

[john_1]

or a head size hole in the sand!!

[Brazen]

Be very very wary of highly geared instruments. We've been sticking to instalments for months now and I was just starting to feel like a move back to SSFs. And while my losses on IMPSTA are ugly I can at least wait it out, SSFs it would be margin calls and forced selling. No coming back. N0.1 - Preservation of capital - and this really shows you why.

[john_1]

I totaly agree, for the private trader who has not got the time to spend every minute with rock solid disipline at their computer( and that rules me out) ssf are not for me. Instalments have time on my side, give me plenty of gearing and pays me a tax free div. Happy days!

[Brazen]

Speaking of happy days - SOL looks like a buy at 266/7. Support. Now, do I have the balls.

[Beep_Beep]

I been following you guys and the comments about instalments and ssf's. Instalments definitely the way to go.

[john_1]

I hope not.... so let Gravy make the trade.

[Brazen]

Yip Beep. Manage risk and you'll survive. And as John says intalments give you time - often that's all you need and it can be the most valuable asset you have. You can't meet a margin on SSFs and it's all over - often forcing you to sell into the panic and at the worst possible time.

[#9]

SSF trading on the JSE outstrips other exchanges, as we read a week or so back. Not a good thing. Kinda makes us the Ponzi capital of the world.

[#10]

..we've been stopped out all over, so have some cash to spend. Sol is on crucial support - we'll soon know if weze right or wrong.

[john_1]

I see the suport at the 266 level, This sell off may take a day or 2 so I see no reason to rush. S oI will sit on the side lines, I am short the index for a little champs money!

[Brazen]

Kudos for being short. Well done!

[barry_1]

Just started reading again "Reminiscences of a Stock Trader"so thoughtfully given as a present to us by Richard Sneddon last year.Ominous to say the least.might be better to have short stop losses on resources.Probably not the time to quote Henry Ford as he went phut three times succeeding,but anyway here goes..."You can do anything if you have enthusiasm.Enthusuasm is the yeast thats makes your hopes rise to the stars.Enthusiasm is the spark in your eyes,the grip of your hand,the irrestible serge of your will and the energy to execute ideas.It is at the bottom of all progress."Lekker Dag vir almal!

[Brazen]

Sidelines it is today. More renovations.

[#15]

TOPDWT - What a winner this week, I'm comfortable that it will win again today - 280% up for the week so far!!!!!!! I reckon another 30% to be squeezed today....anybody have the appetite???

[#16]

Risk is too high to go short now - I think there's a better risk - reward ratio if you go long, but (as always) let's wait for an uptick, which should give us a great buying opportunity ...

[#17]

Word out on the street today is there's going to be a carnival