Normally when a trader takes a trade, they follow a specific trading plan with strict entry, exit and money management rules.
I do exactly the same thing, but with a twist.
What if I told you I have a secret signal, you can use to increase your chances of profiting from a trade.
Today, I'm going to let you in on this secret signal and tell you how to increase your chances of success wi... ››› more
Last week I revealed three of the most important trading habits you'll need to adapt to become a successful trader.
These habits were based on one of the most popular financial books of all time called “The Seven Habits of Highly Effective People”.
It's one book that I like to read and absorb every five years, to apply to my trading and with life.
If you missed it, you... ››› more
Over the weekend I read one of my favourite books of all time.
I'm sure you've read it or at least heard of the legend and late Steven Covey's 'Seven Habits of Highly Effective People'.
To put it briefly, the book is about finding ways to adapt to common traits that are believed to help with any person's success.
Well, every five years I read it again to see how I can relate to and ... ››› more
Q. Timon in the previous email from Red Hot Storm Trader, you mentioned that you banked a 60.75% gain in a week. How did you calculate this because it sounds too good to be true?
A. To explain how we managed to bank a 60.75% gain, first I’ll copy and paste the SMS I sent out.
Go Short (Sell) All Share Mini ALSI Index (ALMI) CFDs
... ››› more
In just one month, Brent Crude has dropped from $85 down to $65 per barrel and the media is going crazy.
Last week mainstream media headlines read:
“Brent enters bear market”
“How Brent Crude has just crashed in just six weeks”
“Will we see $40 per barrel again”
So why am I predicting Brent Crude will rise to $90... ››› more
This is normal for a newbie trader.
You've just gone through a winning streak where you've banked three winners in a row.
At this stage you start to feel like you own the market where you think you've cracked the code to successful trading.
You then decide to bet bigger than you ever have.
Once you enter this frame of mind, you'll see that you can destroy your portfolio very quickl... ››› more
Q. “Hi Trader X, did you just sum up all of the gains you've made for your subscribers and exclude the losses?”
A. Definitely not. I have not been in the trading game for 15 years, just to scam people…
No… The 354.67% gains are accumulated gains banked with winners and losers since July 2018…
In fact, I'll even show you the portfolio template I use to log the trade, in order ... ››› more
Everyone wants to be apart of the elite 5% of traders who are constantly making money from the markets, month after month.
But the reality is...
95% of traders enter the markets, get destroyed and then leave with the idea of trading being a complete scam.
Fortunately i have been able to make a consistent income over the last 15 years and now I wish to give back to you.
Today I'm go... ››› more
Over the past month I've warned you about how the ongoing issues with the emerging markets, the rising petrol prices and with a sudden change with the ANC cabinet, we've seen the rand to weaken back to R15.00 per US dollar.
This has resulted in the JSE collapsing over 14% in the matter of two months.
While the JSE was in free fall, I noticed that investors were starting to pile their money... ››› more
It may seem obvious that if you take a 5% loss, you'll need just over 5% return to recover your portfolio.
But as you lose more, you'll need to recover exponentially more than the actual percentage lost.
Traders call this series of consecutive losses – the drawdown.
Many traders just don’t think about what they’ll need to recover during a losing period.
... ››› more
In early July this year,
I announced the demise of the South African rand. At that time, the currency was trading at R13.00 per US Dollar.
With the economy shrinking 0.7%, the petrol price jumping to R17.00 per liter and added pressure to emerging currencies led by the Turkish Lira and Argentina Peso, the rand has been hit hard.
Today it will cost you R14.40 for j... ››› more
Q. Here is my urgent trading story: ”The market is crashing at the moment. two weeks ago I decided to open 10 trading positions and set my stop losses in a way I don't risk more than 3% per trade. I now see that this was not a good idea as I have 30% of my portfolio at risk.
In the future, I'll never have more than four trades opened at once. But for now what do you suggest I do to prevent m... ››› more
Today is different but damn exciting.
Normally I'd write to tell you that a stock or index has broken out of a channel to the upside, and looking hot to buy.
But what happens when you get that one opportunity that keeps on trending up and you still want to get in and profit from it?
Well if you wait for the market to finally decide to move sideways, it could very well change directio... ››› more
Q. “I'm looking for a downloadable charting platform to set up my charts when I trade… Which user-friendly charting platforms do you recommend and why?”
A. The best way to sign up to a trading charting platform, is by going directly to the platforms' websites.
You'll find that these charting platforms work on a yearly subscription basis, which you'll need to renew and even upgrade ea... ››› more
Last month, I made a prediction that Brent Crude was heading to $80. At the time it was trading at just $73…
Two weeks later, it hit the target.
While other analysts were making gloom and doom predictions, we took advantage of the rise and made 17%.
And now for the first time since 2014, the Brent Crude price has hit a new high price at $81, and I'm afraid the rise has only just begu... ››› more
Q. “I am looking to trade using the OODA method, do you suggest I apply it to my trading and how does it work?”
A. I haven’t heard this acronym for many years.
Basically, OODA stands for Observe, Orient, Decide and Act.
I believe all trading systems should apply the OODA method, as it makes trading more mechanical, easier and automatic to follow without any ext... ››› more
It is every trader's goal to be able to accurately predict where markets are heading.
And it's been my mission this year to find a reliable indicator that can predict where the JSE ALSI Top 40 is headed.
After plotting a whole bunch of indicators, relative strength oscillators and indices, I think I've done it.
And it's all thanks to Japan.
Today I'll discuss this predictor, wh... ››› more
Q. “Timon I read in one of the financial newsletters that the JSE ALSI 40 made a whipsaw last week and that it resulted in many traders taking losses. What is a whipsaw and can you show me where it took place on the ALSI 40?”
A. Here’s an easy way to remember what a whipsaw is when it comes to trading. First let’s break down the definition.
"a saw with a narrow blade ... ››› more
Can you believe it?
Two years ago, the rand would have cost you R20 for one pound.
Due to local reasons, at the time, we saw the unsettling cabinet reshuffles, nepotism and corruption on our former president.
And early this month, we saw the rand hit R20 to the pound yet again.
Only this time we are seeing local and international factors for the rand's slump and worse - future weak... ››› more
Q. “I really want to learn how to trade but I hate reading. Instead I watch YouTube videos, which I find more helpful. I also would like to watch a number of trading movies. What are the best trading movies to watch in your opinion?”
A. I have every one of these trading movies on DVD. Here are seven of my favourite trading movies I watch for inspiration.
• Rogue Trader
... ››› more
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