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Turning point?

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Regular Contributor
Any idea when Old Mutual will turn? Bought long on SSF and holding on but not so sure now.
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52 REPLIES 52
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Valued Contributor
what's your exit strategy ??? the one your planed before you entered the trade ??
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Regular Contributor
Set my stop loss at 1435c
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Valued Contributor
well then exit when that level si hit .. until then nothing matters ..
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Regular Contributor
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Regular Contributor
Be nice now Simon...we all feeling a bit of pain with markets slightly down (on our long positions).
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Super Contributor
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Valued Contributor
dude that was nice ??
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Regular Contributor
HAHAHAHA dont worry. You must get frustrated by us noobs trading here asking dumb questions.
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Regular Contributor
I know you did Simon...suppose I am envivious that you (aka SB are making the money with all the stop losses being activated) and people entering new positions (with costs etc etc), whilst us traders are feeling the pressure/stress/costs....
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Super Contributor
OML wave "c" correction if it occurs will take out your stop loss and will then advance to a high?
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Regular Contributor
You think that its going to double bottom?
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Valued Contributor
don't let your thinking get in the way of your trading .. you got your rules, just trade them .. everything else anywhere else is just noise ..
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Super Contributor
But what about probababilties and manual or active stop loss management. Stop Loss of 1435 is at the probable wave "C" correction so long on this trade with a stop loss of 1435 may not be a high probability trade. I think the stop loss be adjusted downwards to stay in the trade.I agree exit strategy is important but always a problem being stopped out and share advances in opposite direction. So there must be more to stop losses?
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Valued Contributor
but what happens when you 'adjust' aka ignore your stop loss .. and the share just keeps on falling ??
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Super Contributor
failed double bottom at 1460 ; resistance at 1479. NULL Public Archive 182618 1 2010-11-16 16:19:06.333 Re:Turning point? 1073030541 182602 182602 0 182602 1 the point with a stop loss is that they are not an exact science .. nnot even close .. bbut they are absolutelyy critical, warts and all .. without a stop loss the simple truth is that one day you'll go bust .. NULL Public Archive 182619 5 2010-11-16 16:23:21.500 Venfin DD Holdings 1073026367 NULL NULL 0 NULL NULL Did anyone receive their Venfin DD Holding payment yesterday? NULL Public Archive 182620 1 2010-11-16 16:24:30.900 Re:Turning point? 1073088011 182602 182602 0 182602 1 And how often you get stopped out and the share marches on in the oppposite direction.All I am saying is that the stop loss is a powerful tool if you know when to place it and where to place it.Maybe a short OST course dedicated to STOP LOSS alone may help? NULL Public Archive 182621 1 2010-11-16 16:25:36.060 Re:Re:Turning point? 1073030541 182602 182620 0 182602,182620 2 happens often, and we always remember that .. but how often have you exited on a stop loss and the share fell further ?? for me that happens more often whhich means that my stop losses are more right then wrong .. NULL Public Archive 182622 1 2010-11-16 16:35:32.870 Re:Turning point? 1073056045 182602 182602 0 182602 1 one must still put in a bit of thought when placing a stop, just saying ill put in a 50 pip stop and when it is hit thats it does not work in my opinion, firstly if you trade with support and resistance levels and puting a stop above or below resistance/support or below the swing high or swing low of that resistance or support level one can then at least have some kind of level that in all probability if it is then taken out you at least on a technical level know that if that swinglow or high or resistance/support gets taken out the market will reverse and also offers a chance to take a position, just the way i do it thats all. NULL Public Archive 182623 1 2010-11-16 17:10:47.157 Re:Re:Re:CRD Good investment in future??? 1073028728 182521 182597 0 182521,182527,182597 3 I don't know the story behind CRD..but actually got me interested and will investigate further. What I see though is the graph looks very similar to what BFS had prior to its rise. As if CRD is where BFS was beginning September. Don't know other penny shares that have a potential. NULL Public Archive 182624 5 2010-11-16 18:05:58.537 Re:Off topic...an experiment 1073038856 182569 182569 0 182569 1 Johnno, Your plan sounds good.Losing 4k is certainly better than losing 20k? Losing on penny shares 4k will give much more losing experiences than losing 20k on more expensive shares.If one are into losing,like you are,certainly thats good value for money? Like Eveready, it will also lasts longer.LOL. John.....no? NULL Public Archive 182625 5 2010-11-16 18:36:37.687 Re:Off topic...an experiment 1073081679 182569 182569 0 182569 1 Johnno..are u serious? Or is 1 of your tactics that u would use in a Poker room?? You joking right...please tell us that you are only kidding around. If you are indeed kidding...WOW!! Great One, Johnno. NULL Public Archive 182626 5 2010-11-16 18:41:06.110 Re:Trading in overseas shares 1073027409 182518 182518 1 182518 1 Thanks Simon - is there any website that I can use for trading other than using the DBX approach? NULL Public Archive 182627 5 2010-11-16 18:44:18.827 Re:Off topic...an experiment 1073072244 182569 182569 0 182569 1 No, I am serious....Actually playing right now and yes, down a bit! NULL Public Archive 182628 5 2010-11-16 19:58:38.393 Re:Bid and Offer volumes 1073036291 182583 182583 0 182583 1 Look at the number of bids at each level as well. I agree with one of the earlier comments regarding one possible large bid but if there are good volumes at different levels made up of multiple bids then at least you're assured that there is interest from multiple parties. I would use this info to determine the liquidity of a particular share but not as the basis for making a trade selection. NULL Public Archive 182629 5 2010-11-16 20:06:05.977 Re:Trading in overseas shares 1073036291 182518 182518 0 182518 1 Check out this link (Standard Bank Offshore): http://www.sboff.com/SBIC/Frontdoor_07_02/0,2454,23248_8307579_0,00.html You should be able to investment through them but I think there is a minimum amount that you need to invest. NULL Public Archive 182630 5 2010-11-16 21:17:30.283 Re:Off topic...an experiment 1073101547 182569 182569 0 182569 1 Eish, I keep my head in the sand! NULL Public Archive 182631 6 2010-11-16 22:52:06.077 DBX tracker 1073083392 NULL NULL 1 NULL NULL Hi, anyone with an opinion as to whether it is now the right time to buy DBX tracker Japan and Euro or not? NULL Public Archive 182632 1 2010-11-16 23:30:12.950 Re:Re:Turning point? 1073025619 182602 182622 0 182602,182622 2 Very true and good advice. Meaningless to just put in " a stop. Be clever about it.
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Valued Contributor
agreed .. thing is the stop is part f the system .. so on myy lazy system I would use the recent intraday low and place it just below .. but with my engulfing I just use 50 point trailing as I need to be able to leave my screen and let the trade run in auto mode .. is 50 ideal, no ways .. but does it enable fire and forget profits, yes ..
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Super Contributor
Bobur i use elders system to calculate stops and according to that sb at 1436 so pretty much spot on
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Regular Contributor
Thanks. Hope it starts turning soon though. :)
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Super Contributor
Stop losses are for loses if you can't take a minimum 30% hit you should not be playing the market.
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