Joining the forum and my last question

[diaan]

So I still don't have a response to my previous question but at least it seemed to provoke some discussion! I am an attorney in Sandton and have been in the market since August. I started with 70k and decided to play and learn for a year before going in more seriously. My biggest challenge is to find the time to research and stay on top of my portfolio whilst concentrating on my work. I have discovered that my biggest trading weakness is to ignore my stop loss alerts.

[Preston]

www.investopedia.com

[#3]

The easiest way to make a million is to start with 2, and use TA.

[#4]

Err, The easiest way to end up with a million is to start with 2, and use TA

[#5]

Hey Super Idego how do you use TA (trading alerts)in the most effective form?

[diaan]

Why do you say that Super?

[sk_1]

Hey diaan, I know how you feel about stoploss. I decided today to cut my losses in Sun International (minus 33%) and R50K down and put the remains into ESOR. I also cut my phenominal losses in AGI and put the remains into Raubex. both companies came out with good results. Dont know why I have been so stupid for so long but was hoping for recovery and got frozen. I will never EVER ignore my stoploss alerts again!

[#8]

I remain glued to the screen, manifest a tic, then smoke, cut loose at 20% down. I was, however, referring to Technical Analysis.

[barry_1]

so we had better be jolly careful what we say to u!....Decide on at least two shares that take your fancy,prefably rand hedges in the top 40,then look only at them once weekly ,even ig they go down by 15% keep if u are sure within yourself...good way to start,thats the way warren buffet did it....OMO and all that jazz...good luck.

[platsak]

glad im not the only lawboy around the ca's.

[barry_1]

one more thing,if u decide to have two anchor shares,then its better to hold as shares and not installments.These days SBK installments roll over,although they rise faster than shares,remember the reverse is also true when they fall.

[Electrox]

Oh boy talk about stop losses. What a lesson to always stick to your stop loss! the worst case as happened to me with simmers, my stop loss triggered but market gapped down to fast too quickly so i never managed to get out that level. Been waiting to for it to reach back there until now and still waiting :( what do u guys do when this happens?

[#13]

Lots of other lessons still to learn. Like sell on downturn, buy on upturn. Don't presume these numbers with any tool. Hope this won't be your last post. It got a lot of response.

[Blik]

Find a method that works for you - be it for day trading or investing. There are lots of different ideas on the forum (and I try to take the good from all) - but I find it too much to sift through, and invariably fall back on my own method. At least I only have myself to blame then.

[barry_1]

last tip i promise!....i'm against TRAILING stop losses as they are definitly manipulated...sharp practise its called from time to time...How ever if u have a blue chip,may be worth putting a FIXED stop-loss 17% below the ruling price as this can prevent u loosing the farm and will give u a peaceful night s sleep....i use this method and then alerts,update weekly.

[#16]

The thing is, if enough people believe in a system, the system will prove to be correct. E.g. if enough people believe in TA analysis and it indicates a bounce at a certain resistance level, it may bounce and "prove" the system. This will work for any system. Tis about psychology more than anything else.

[Russ]

Salve,Diaan.Share trading is eiusdem generis.As long as you are compus mentis and don't make any a priori assumptions you should do well ab initio unless vis major intervenes, but remember,caveat emptor.Vale!

[CHATTYCHAT]

Hi, diaan (my son's name, too!) - pardon my enquiry: how much of the 70K you got left? if you've done well, leave the law practice, if you've done bad... leave the share game to a reputable dealer and just check on his reports. Otherwise, decide on weather you want to trade or invest. My experience: if you've got a profitable job, stick to that discipline, a busy professional doesn't have time to chat and play around this madhouse! And even if you think you have time... think again. OMIO :-)

[Skyhawk]

Trading is difficult and easy,it all depends how you go about the whole thing.... do not think emotionally. Like my economics teacher used to say ..economics, politics and religion is a three ring circus.

[Maggie]

LOL...we can always depend on Russ to make us laugh.....