Resolution #1: Only take trades when your trading strategy gives you signals
Most people try to trade on intuition and base their trading signals on gut feeling, this is most of the time, if not all the time, a losing strategy.
Resolution #2: Deposit a portion of your savings every month to boost your portfolio
Every month make sure you set a date to deposit a portion of your savings into your portfolio. It can be R500 or even R1,000. This way, you can accelerate your trading portfolio.
Resolution #3: Set aside 15 minutes a day to trade
Cut down on your TV watching or social media browsing and dedicate just 15 minutes a day to your trading.
Resolution #4: Do NOT allow distractions to interfere with your trading
Tell your family or friends that for 15 minutes a day, you cannot have any one distracting you when you trade. These boundaries will help you trade with a clear and undisturbed mind.
You can even stick a note on your door saying: “Do not disturb for the next 15 minutes”.
Resolution #5: Write your trading goals for the year
Jot down the trades you’re expecting to take, how many will be winners, how many you expect to be losers and what percentage return you’d like to earn.
See this as your vision board, which will guide you on the path to your expected trading performance.
Highly-respected trader goes ‘outlaw’ to reveal profit secret
Unless he jumps through more impossible hoops, the powers that be say that this high-respected trader doesn’t have the experience to advise the hundreds of people he’s already advising.
That’s why he’s risking it all to go ‘outlaw’ and reveal his personal secret to profiting from the markets to a handful of our readers.
Q. “Why is the JSE moving so slowly this year. Are we waiting for anything in particular before we see some movement?”
A. As the year has just begun, investors and employees will mostly be back from the holidays near the end of January.
I find that the stock market can be very quiet throughout the first month as investors are not only away but they are indecisive as to what they expect the market to do.
Give it one month, and then we should start to see momentum and volatility pick up once again.
Your Free Book is on hold
If you give me the go-ahead now, we’ll send your copy as soon as possible.
But hurry, copies are limited.
Inside, you’ll learn how to:
• Did you know you can pocket an extra R2,000 tax free a month from the one investment most financial advisors ignore
• The secret strategy long term investors use to keep R400,000 in gains out of SARS pocket and in their hands
• The one income investment that pays you FOUR TIMES MORE than any stock on the JSE
• How to generate a R700,000 windfall starting with R10,000 using the oldest wealth trick in the world
Q. “I hear that 2019 is the year that we can expect precious metals to rise where we can profit. I tried to search for the precious metal charts but I’m unable to. When I type Gold, Silver and Platinum, I just see news stories. Do you know what I can do to find these charts easily in the future?”
A. Yes absolutely.
You’ll simply type in the precious metal codes for each one to analyse their stocks and the currency you wish to see the price.
As you know we use the US Dollar denominated currency for each precious metal. This means, we always look at gold, silver or platinum in US dollars per ounce.
When you search for each precious metal, you’ll type the USD at the end for each metal.
The first three letters denote the name of the precious metals.
For gold the first three letters are – XAU
For platinum we use – XPT
For silver we use – XAG
For Palladium we use – XPD
DID YOU KNOW? AU, PT, AG and PD are use for the same metals in the periodic table.
Now you’ll simply connect the letters together, so you can search for the precious metal charts to analyse.
XAUUSD, XPTUSD, XAGUSD, XPDUSD.
All you do is change the letters above to view them.
“Wisdom yields Wealth”