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If you have ‘ants in your pants' when it comes to trading , you should read this…

by , 18 March 2020
If you have ‘ants in your pants' when it comes to trading , you should read this…
Q. “I have a strange question and I don't know if you can help me…

On the one side I have your MATI Trader System which I follow and take trades around twice a week.

On the other side, I have this incredible desire where I would also like to take a few trades based on different market events that present themselves in a day…

Do you have any suggestions on how I can compromise between trading my main system and taking other trades due to my subjective analyses?”
 
 
A. Hi Paul, yes I can relate 100% and I used to do something similar for the first five years as a trader.
  
Basically, I would follow my trading system by taking around two trades per week. But this wasn’t enough, as I would analyse the markets for around 8 to 10 hours per day.
  
And so, as a compromise or as a side hobby, I would also take a couple of trades based on upcoming news events and fundamentals that were released to the public that week.
 
I called it the ‘Trading-ants-in-the-pants-syndrome’…
  
If you feel the need to take on more trades, other than what your trading system lines up, here’s what I would suggest for you…
  
Open a separate trading account and round up some money that you’d be comfortable to trade with.  
 
This can be anything from R1,000, R10,000 or even, in my case, R75,000…
 
Whenever you feel the need to take an impulse trade, based on a subjective trading analysis rather than your main proven strategy – then go for it…
 
When you have another trading account, you’ll be able to take as many trades as you’d like without anything stopping you…
 
It would also be interesting to compare your subjective results versus objective, to see which portfolio does better…
  
As fun and liberating as this sounds, I just need to extend one important warning – from personal experience…
  
Please make sure you keep to your consistent risk management rules… So even though you are risking money you can afford to lose – don’t go and blow more than 5% per trade…
  
You’ll not only blow one trading portfolio but you might end up blowing a couple which will become a dangerous gambling habit…
 
________________________________________
 
Did you miss ANOTHER triple-digit gain this last week?
 
Those canny Pickpocket Traders didn’t - this time a 323% gain from a US500 index trade.
 
And this isn’t a one-off lucky strike. In the last week, Trader X and his followers have banked gains of 15.80% from Merck... 51.57% from Brent Crude and 323% from the US 500!
 
 
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What a Trading Tips reader has to say:
 
“Thank you Timon I am new to trading and this is what I’ve been looking for, for a long time. Even though, I speak Afrikaans and not much English even I can understand what to do when I read Trading Tips… Thank you”
 
~ Gert Meiring
   
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Q. “As a 56 year-old man I think it’s time to start investing in shares. When I join South African Investor or Real Wealth, when I buy shares, how will I profit from the service?”
 
A. Whether you choose to join South African Investor or Real Wealth, there are two ways you can profit from the service when you receive a buy recommendation…
 
1. Capital Income –
 
This is where you’ll buy the share at a lower price and sell it at a higher price for a profit…
 
The increase in share price will determine a hefty profit for you, depending on how many shares you bought…
 
2. Dividend Income –
 
This is when you’ll be entitled to receive a portion of the company’s retained earnings (profit after tax attributable to earnings).
  
Note: Some companies don’t pay dividends, so make sure first before you decide to buy a company’s share…
 
Trade well,
Timon Rossolimos,
Analyst, Red Hot Storm Trader
 
P.S:
 
To our Trading Tips readers:
 
Our First Mission Is To create 1,000 Millionaire Traders To Live Life With Freedom & Independence In 10 Years…
 
Will YOU be one of them?
 
 


If you have ‘ants in your pants' when it comes to trading , you should read this…
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