“Hi Timon. Losing more money than I intend is always a worry. I am thinking of cases where certain markets just drop suddenly and quickly. How do I protect my trading account? Is a stop-loss the only way, should I have a few accounts and what do you think of putting all your eggs in one basket with trading?”
Read MoreThere are always situations in the market or events that you cannot plan for and they can have a significant impact on your trades and trading.In this article we will go through four types of events and see what we can do to prepare you if they arise.Let’s start…
Read MoreQ. “Hi Timon.Is there a step-by-step guide on how to work out the value per price move (risk value) on Gold and the Nasdaq?I want to buy gold at $1,972 and sell it at $2,072.With the Nasdaq I want to buy it at 15,150 and sell it at 15,850.Do these markets have their own calculations and could you provide them?”
Read MoreOn 22 June 2023, I wrote my first Bitcoin prediction article to Trading Tips.At that time, the price broke above and out of a Falling Wedge (shaded pattern).I said it was the start of the next bull market in Bitcoin.And what a rally it has been.In fact, the price has risen to over $35,000 and is close to my target of $36,289.Now Bitcoin has surged over 14% in the last week. And it’s made its highest price point since May 2022.But I believe the rally has only just begun!In this article I’m going to explain why I expect the rally to continue to $46,200 and how we can profit from the rise.
Read More“Timon, do you have any risk or money management rules you take, during this capitulation (consolidation) stage?I want to continue trading during the Twilight Zone, but I want to be more cautious with my trading.
Read MoreHave you wondered why the gold market has been so sluggish lately? And by lately, I mean since August 2020. In fact, we have seen the precious metal move in a tight range between a high of $2,080 down to low of $1,626. That’s it. For three long years, it’s been moving in a range of 454 dollars.
Read MoreQ. ”Timon, I feel like you have to be your own therapist when trading. My issue isn’t executing a trade, but rather knowing if I should take the trade or not? Do you have some tips or guidelines that you use before you take a trade? I need this to be easier for me.”
Read MoreQ. “Hi Timon, I see the FTSE 100 has reacted in a positive manner based on the new stimulus measures that China has proposed. Do you think this will play a role in the FTSE 100 rally that you’re expecting?”
Read MoreWhy the Dow Jones is about to wake up and rally in Q4
“Can you please explain how is it possible for Outsurance to have data on my charting platform, as far back as 2013 while it was just listed on the JSE.”
Read MoreLet me share a story with you.
Read MoreDear beginner trader, this one is for you!
I truly believe, the financial markets have never been more accessible, cost-effective, or innovative as they are today. What you have at your fingertips (for practically FREE), I used to pay anything from R7,500 to R25,000 a year for some charting and trading platforms. Here is your six-step checklist to start trading with success.
If you want to separate the winners from the losers in the world of trading…
You need to know and understand your trading metrics. To establish your metrics, you need to have a winning back-tested strategy.
This helps to make your trading manageable and almost predictable.
Let’s assume you have paper traded a strategy and are ready to roll it out…
Let’s find out if you are ready to calculate these 4 metrics.
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