Bitcoin hit my second target of $30,000 and as promised…
I have now written a new prediction analysis on where I think it's headed next.
But before I reveal the next prediction, let me bring you up to speed just in case you're not familiar with Bitcoin's price manoeuvres.
While crypto crashes and globa... ››› more
n the last few weeks, we have seen hundreds of billions of dollars wiped out of the markets.
We have seen crypto drop its trillion US dollar market cap status.
And we have seen top traders, influencers and institutions lose their portfolios.
It's exactly times like these where the inexperienced, greedy and clueless traders destroy their accounts…
And it's not because they don't have a ... ››› more
Q. “Please help me as I am a beginner and am not sure what steps to take to start trading with Pickpocket Trader. I registered with Pickpocket Trader last week and received my first SMS with the following message:
Here are the trade specifics:
I will be going long (BUY) GOLD
Stop loss: 1790.00
Take profit: 2000.00
Please tell me the steps I ne... ››› more
As a novice trader, it's easy to try and guess where the market's bottom is.
It's easy to see a bounce in a falling market, and assume that things are going up from here.
But calling a bottom is one of the most dangerous things a trader can do. In fact, with trading we say you're trying to ‘catch a falling knife'.
Most traders pile up their positions with a whole bunch of longs (buys) a... ››› more
Have you seen the bloodbath the markets have been in lately?
We are entering a very dangerous period of trading.
World markets are down over 20% including SP500 & Nasdaq
US Markets are entering a recession and a potential crisis in on the way with the collapsing commodities.
Major Crypto currencies are down over 40% and Luna is down over 99%.
But I have to s... ››› more
The JSE crashed 14.45% between 2 March 2022 and 9 May 2022.
Similarly, the Dow Jones index in the USA is down 10.74% year to date of which half of this drop has been in the past month. And the S&P 500 index is down 14.75% year to date.
We hear about inflation, war, lockdowns, supply chain issues all as contributing to this bear market…
So, what is fuelling the market's drop - and are we... ››› more
It seems that uncertain times are ahead of us.
On the one hand we have the main stock markets crashing to new yearly lows.
Since March 2022:
The JSE All Share Index is down 9.6%
The SP500 has crashed over 14.6%
The Nasdaq has dropped over 20%
Also gold is down over 10% and some of the main crypto's like Bitcoin and Ethereum are down over 50%.
Some believe we are entering into a ... ››› more
My trading is governed by this cheat sheet which focuses on three things!
• The first is trading goals.
• The second, your trade reporting and how to spot a big trend.
• Third, A trade analysis & execution plan.
Sticking to this cheat sheet has made me a successful trader for the last 20 years and now I hope it can do the same for you…
I've broken this cheat sheet into ... ››› more
Raise your hand if you lost money in the markets?
I know I did in 2004 up to 2008.
It was because I kept making the same old mistakes newbies make.
Funny thing. I already had a winning trading strategy that was working on a consistent basis on paper. And yet, I was failing as a trader.
That was until, I started talking to top traders.
From Peter L. Brandt multi-US milliona... ››› more
Q. “Hi Timon, I have a R250,000 portfolio and I am using the special 2% risk rule per trade as you have taught us. Based on your last trade with Shoprite with the entry being R242 and your stop loss being R232.00 does this mean I should buy xxx CFD contracts in this trade?” Hi Pete,
The number of contracts purely depends on the how much money you deposit…
So if you have a portfolio of R2... ››› more
You'll often hear us say the same thing.
To trade successfully you'll need to know how to follow the rules, keep to discipline and repeat the process.
However, there is one crucial mistake that we see all the time from new traders.
And the reason for it involves fear.
You'd think that greed is what destroys traders. But I think the fear of losing is what prevents traders from being suc... ››› more
Free Chart Pattern Training with Timon Rossolimos
Welcome to the second part of our video series with Timon Rossolimos.
In this week's Wednesday article, Timon is about to reveal a secret chart pattern that you can't find on the internet.
You can't find on YouTube. And you can't find on Google.
He created it 15 years ago and since then it's been banking him incredible profits.
In fa... ››› more
It looks like things are finally heading up with the world's markets since Russia invaded Ukraine in late February.
In fact, from the middle of February 2022 we have already seen the markets move up including:
7.6% for the JSE All share index
11.2% for UK's FTSE 100
8.8% for the Dow Jones 30
But that's not all…
The star index that I see major upside to come is showing the most prom... ››› more
In dollar terms the price of corn is up 37%, and that of soybeans is up 36% in the past six months.
We've also seen wheat soar 40% in the past six months.
And this is because of the war between Russia and Ukraine as both these countries are large exporters of corn and wheat.
While this will definitely have an effect on inflation and food prices, large increases in grain prices have an eve... ››› more
In this week's article, we have something extremely special for you.
Chief analyst and master trader, Timon Rossolimos, has prepared a 5 minute video.
He is about to show you how he managed to bank his subscribers over 128.56% gains from 9 trades just this year alone. That's a 75% win rate.
And what he'd like to share with you over the next three Wednesdays, is the key patterns he looks f... ››› more
The next time you travel to Europe, it might be very affordable.
You may actually be able to travel to the hotel of your choice, eat at any restaurant and enjoy the tourist attractions without hurting your pocket.
I'm in Greece right now for a few months and I've got myself a little place in the heart of Athens and I must say, all furniture, appliances, TV and other accessories are super che... ››› more
In our QA mailbox this past week...
Q. “Hi Timon, I refer to the below track record…
"I am a bit confused as I believe I am doing something wrong.
My portfolio value is R85,000 and my figures for the above trades have the same results as a portfolio value with R5,000.
Is this possible to achieve such results with a portfolio value of R5,000 and risk 2% at the same time? Thank you…”
... ››› more
Here's a bit of a warning.
Have you seen the petrol price hikes lately?
Probably not yet, but you will.
In America the prices of petrol and diesel shot up to the highest level in over 14 years.
Petrol went to $1.23 per litre or $4.69 per gallon.
Diesel rocketed to $1.35 per litre of $5.11 per gallon.
And as you know, what happens in America, has a ripple effect in South Africa ... ››› more
Today, I'm offering you the chance to join my Red Hot Storm Trader SMS and email service.
Apply today and I guarantee you'll soon receive regular mid-month pay days just like Tarj, Badiri, Bongani, Mario and Paul.
The only thing you need is your cell phone, switched on and charged up.
And don't worry if you've never tried your hand at trading before.
You don't have to have any expe... ››› more
The hardest decision as a trader, can you guess what it is?
No, it's the learning of how a trading platform works - you can learn this in two days.
It's not the depositing of money - you can do this with a mere credit card.
And it's not opening an account with a broker - this can take up to 10 minutes nowadays.
One of the most difficult decisions you'll make with trading, is actually... ››› more
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