Bull Market, but what if?
Hi meox,
Yes, the program does contain graphs. The program can do Buy and Sell Scans etc.
However that doesn't mean it can tell you exactly when to buy or sell a share. As far as I know, no such software exists nor should it.
Think about it. How can it be possible to predict the outcome of tomorrow or next week. We can merely say with reasonable certainty usually based on past performance and forward projections that some share instrument may go up, down or move sideways.
Shares usually trade in a band of ever increasing highs and lows and it is these highs and lows that one can trade and possibly be successful with,
if your timing is correct.
You may be familiar with the terms Bulls and Bears. The Stock Market has been trading in a Bull Market for several years now, which is excellent news for investors. But nothing can go up forever and at some stage it has to come down and for all we know we may have just passed the Bull Phase and perhaps may be entering the Bear Phase of the Market. Nobody likes to read or hear that news, but what if?
On the other hand it may be that we are only starting to take off in the current Bull Trend? When I know I will be sure to tell you.
One thing can be said. We may be at a stage again at present where the market is overpriced and perhaps this is the time to learn from it by registering for free courses, free trials and take the opportunity to trade on paper and watch what happens to the shares you "buy".
PSG have a nice Share Simulator to trade. Do so for 6 months or so and then only Buy something, perhaps 10K or so in an instrument which you have researched with a view to a
entry and exit strategy. Watch the share and employ price alerts to notify you if the share is trading out of your band you think it should trade. And when you have made profit do not be scared to take profit. If the share still goes up, so what, there is nothing wrong with taking money off the table even if it was not the best one could have done.
If you trade Ordinary Share one can afford to take a slump in the share price and hold for a recovery.
However trading SSF's one must employ very stringent stop losses as the shares you are buying are geared and the gearing can result in you losing all or part of your money. The Bank can also close out your position if you do not top up with cash to cover any margin calls.
SSF's have the added advantage of going
short or long, but that I think you need to find out for yourself.
20K is not difficult to lose in SSF's as they are
geared. Meaning that you can buy exposure to lets say R200K's worth of shares using only R20K.
What this means is that if your R200K's worth of shares go up 10% then your initial R20K is now worth R40K, but if it goes the other way and the R200K's worth of shares drop 10% then your R20K will be gone and The Bank can close out that position unless you top up your account with more cash and if the account has not enough cash you will be responsible for the deficit.
Once you learn it is not too difficult.
It is fun, but I reiterate it takes up a lot of time and you are young, so rather go to the beach with a couple of young lasses and enjoy your youth. When I was your age there was no Stock Market to talk of and we managed without it.
13K!!!
Down payment on a car to drive those young ladies to the beach.
information. Register on the forum, read some threads and start to make sense of the whole Trading Game.
