In August I wrote a few predictions on how I expected the resource sectors to rally.
Since then, my Red Hot Storm Traders have banked a 63.39% gain on Anglo American and a 73.12% gain on BHP Billiton.
If you missed that profit train, make sure you don't miss this one coming next.
I expect it to be just as profitable.
My next prediction is also based on a resource and commodity, whi... ››› more
“Hi Timon, I have R265,000 in my trading account and I want to take the trade idea on the ALMI 40 you sent last week. I want to risk 3% of my portfolio and I see it works differently to shares. How many CFDs would I need to buy and do you have an ALMI calculation to help make it easier?”
You can find the full Article here:... ››› more
I like to think of trading as one big War Room.
Right now, there are seasoned traders, day traders, rookie traders, investors and institutions all in the same room.
The Trading War Room.
This Trading War Room is a community of like-minded people with the same shared goal - to make and grow their income through the financial markets.
But out of all of them, only a few are actually s... ››› more
“I'm a member of Pickpocket Trader. On 9 September I bought the USD/ZAR (SA rand against the US dollar) at R14.15. Then by 20 September I see it hit my take profit price at R14.45.
Now in trading terms does that mean, I banked 30 cents or is there another term?”
You can find the full Article here:
... ››› more
There are two rules with trading.
Limit your losses to protect your portfolio from crashing.
Ride your winners to grow your profits.
That's it…
I've written hundreds of articles on how you can limit your losses with trading.
But seldom, have I given you essential strategies and rules to help grow your portfolio by riding your winners.
Well today is your lucky day…
I... ››› more
Q. “Timon, did you notice if the September Effect played out last month with the JSE ALSI? Also, do you have any ideas or speculations why the September Effect takes place?”
A. Actually no. It was the first time in a number of years, I completely forgot about the September Effect.
But I've done the necessary research to see how the JSE ALSI was affected last month.
Before I share t... ››› more
I remember like it was yesterday.
In 2003, I was sitting in a café-restaurant in South Africa.
Next thing, a man approached me holding a black box.
He sat down at the table, and told me he has something that can make me money.
Now being an inquisitive 16 year old, you know I couldn't say no.
He switched on his laptop, popped in a CD and opened a financial chart of Anglo Americ... ››› more
Q. “The article this week was very interesting on how you incorporate both technical and fundamentals with your trading. I have two questions… First, are the fundamentals a requirement to choose your trades or do you just use it for peripheral purposes?
Second, how does incorporating fundamentals help with your trading in general?”
You can find the full Article here:... ››› more
There are two types of traders.
And most traders choose to be one, not both…
One type of trader prefers to dig into a company's financial background…
They will look at earnings, interest rates, P:E ratios, as well as micro or macro aspects in that sector and the economy…
The other type of trader bases all his decisions on charts.
They observe price patterns, indicators, v... ››› more
Each morning I follow the same routine.
I make a cup of coffee, turn on my screen and open my trading platform…
I feel like a kid in Disney world…
That's because I get so excited knowing there are countless different financial markets, setups and opportunities that stare at me in the face.
And each setup that lines up I hear the same sound - CHA CHING!
Now, I've been tradin... ››› more
Q. “You mentioned in the article on Monday that there are two types of traders, “Intraday” and “Position Trader”. What about a scalper? Where does a scalper fit into those types?”
You can find the full Article here:... ››› more
When I was in my early 20s, working for different brokerage companies - I pretty much never held a trade overnight.
I would come into work 8am sharp and open my charts with short time frames like 30 minutes to 1 hour.
I would then start buying and selling different financial markets.
Within a few seconds, minutes and sometimes hours - I would be out of my trades.
The adrenaline was... ››› more
Q. “When I join Red Hot Storm Trader, do you have any recommended and user-friendly charting platforms I can use to set up my charts when I trade?”
You can find the full Article here:... ››› more
Last week, I wrote a prediction on how I expect resources to rally in the next few weeks.
This was mainly due to BHP Billiton, the largest diversified miner in the world, announcing a multi-billion deal to sell its liquid fossil business.
This told us, they are steering away from coal and petroleum and moving into cleaner and healthier energy alternatives.
I also mentioned that, this will... ››› more
“Whenever I receive a trade from you, I see the margin (deposit per CFD) is different. Can you guide me using Velocity Trader as to how to find the margin percentage for the last trade for Red Hot Storm Trader and Pickpocket Trader? Thank you…”
You can find the full Article here:... ››› more
Thank you China!
Last week, we saw commodity prices from iron ore to oil, rally as the Chinese economy showed less concern about the impact of Covid-19.
I imagine it's due to three reasons…
First, with the vaccination roll-out and new mandates in play, it is helping to create a new normal for the way business is done.
Second, the FDA fully approved the COVID-19 vaccine by Pfizer as... ››› more
One of the most powerful lessons I learnt as a trader was from Microsoft's founder, philanthropist and entrepreneur… Bill Gates.
Every year, Bill Gates goes to a secluded place to enjoy what he calls a “Think Week”.
During this time, he bans all communication from everyone and everything.
He avoids being distracted by his family, friends and employees.
Basically, he takes with hi... ››› more
No, FSPInvest hasn't been hacked!
In fact, it's more secured, encrypted and private compared to most online businesses nowadays…
Going back to the headline…
I was asked something the other day, which I thought I'd address in this week's Q&A… You can find the full Article here: ... ››› more
Let me guess.
Your trading account is up, money is deposited and your charts are set up.
But…
You are hardly doing any trading. And the trading you are doing is filled with uncertainty, doubt and little energy.
Well, let me tell you, this is what is slowing your trading performance and is stopping you from growing your portfolio.
I hope in this article, with my 5 simple steps, it ... ››› more
Q. “It looks like most brokers are raising their minimum portfolio amount for each investor to around R5,000. Why did they do this and what capital would you recommend we start with?”
You can find the full Article here:... ››› more
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