“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 MoreIf you’ve been trading the JSE stocks for the last year, you’ll most likely agree with me, it has been darn difficult.You buy and go long, and you get stopped out.You go short and sell, and your stop loss hits.You’re most likely feel like giving it up.And you’re not alone.Let’s delve into what’s been happening and what we can do to improve our chances of trading success.
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 MoreTurmoil… That’s the only word I can think of right now for the world. And one would think we should expect more downside for the markets. And yes, it is true for a couple of markets. But NOT the FTSE 100. Today’s focus will be on why I expect the FTSE 100 to rally to new year highs in the coming weeks.
Read MoreA few weeks ago, I mentioned that the gold rally had come to an end.
At the time, the price was at $1,970, and I expected the price to crash for the rest of the year.
Well, the crash came much sooner than even I expected.
Just last week, gold prices sank another 4%. And to put this into perspective.
We have not seen this kind of gold crash performance since June 2021.
In fact, on 25 September, the gold price dropped from $1,970 per ounce down to a low of $1,829.
If you missed the first down leg of gold, you’re not going to want to miss the next one.
Here’s why I expect the price to continue down.
Read More
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