Disciplined Trader

My journey through the JSE jungle.Putting discipline & risk management at the heart of trading. Whisky collector. Tweets&views dont constitute financial advice.

[Disciplined Trader @Disc_Trader]

@za_ehailing @tradingguru17 You aren't able to short "naked" stocks, ie. actual share. You need to trade products like CFD's to be able to short. Brokers like @IGSouthAfrica or @standardbank etc have this facility. Be advised, CFD's are a leveraged product and hence have associated risks. #trader #cfd #JSE

[Disciplined Trader @Disc_Trader]

@SimonPB Agree, only normally see the "winners" being posted on twitter. It's too emotionally painful to be vulnerable and show you were wrong! That is however a key trait needed to be successful in this game: Know you WILL lose trades. ACCEPT IT and move on! #staydisciplined #trader

[Disciplined Trader @Disc_Trader]

TIP OF THE DAY: Risk management isn’t about avoiding risk, it is about taking calculated measured risks

[Disciplined Trader @Disc_Trader]

@TradersCorner @BlaqueSoros I enjoyed following this... and a great outcome for a deserving charity, well done for honouring this!

[Disciplined Trader @Disc_Trader]

TIP OF THE DAY: Getting trades wrong are part of the game. You WILL make the wrong call. The faster you accept this and make your decisions based on rules and removing emotions, the less financial and emotional pain you will go through. #staydisciplined #JSE #trader #stocks

[Disciplined Trader @Disc_Trader]

Thank you @NudgingFinB for your presentation at this weekends @IGSouthAfrica summit, I thought it was excellent! Trading psychology is key & where my biggest focus lies! Good luck with the launch of your new podcast! #IG #Summit #Trading #Trader #psychology #IGTradingSummit

[Disciplined Trader @Disc_Trader]

Thank you @IGSouthAfrica for the #IGTradingSummit. No matter how long I have been trading, there are always golden nuggets to learn, as well as a great opportunity to meet fellow traders! Well done & thank you, it is appreciated #IG #Summit #Traders #CapeTown #trading

[Disciplined Trader @Disc_Trader]

@nickschmidt But, probably the single BIGGEST aspect is: EMOTIONAL CONTROL.
Removing emotions from trading, especially when you are wrong

[Disciplined Trader @Disc_Trader]

@nickschmidt 1) Proper position sizing and risk management
2) Take the stop loss, every single time!
3) Keep charting simple, don't over complicated it with too many indicators
#trader #stocks

[Disciplined Trader @Disc_Trader]

@hazelwood_dave 😯

[Disciplined Trader @Disc_Trader]

@Mercedarians Thanks, will probably reverse and drop like a stone now...😄😄

[Disciplined Trader @Disc_Trader]

Short trade in #PicknPay closed for a loss on this one, my stop loss has been triggered. $JSEPIK

[Disciplined Trader @Disc_Trader]

Short trade opened in #PicknPay at R38,40. Overhead resistance at R40 and seemingly a rejection of the 50sma. SL is a close above R40 on the daily. Target is R35, a 1:2 risk vs reward $JSEPIK Confirmation was the 9SMA crossing the 15SMA on the hourly chart #Trader #JSE #stocks

[Disciplined Trader @Disc_Trader]

@iswiegers Completely agree.......

[Disciplined Trader @Disc_Trader]

US May CPI data came in at 4.0% vs the expected 4.1% #cpidata #CPI #USA

[Disciplined Trader @Disc_Trader]

#Sasol trade closed, decided to lock in profit. #JSESOL #Oil #Trader

[Disciplined Trader @Disc_Trader]

My SL on #Sasol long trade has been moved up to R250,50, which is below the low price of the last 3 days candles, locking in profits from the R243 entry. Price came close to the R260 target, will see if it gets there, but at least a profit is now secured $JSESOL #JSE #Trader

[Disciplined Trader @Disc_Trader]

#JSE very strong out the gates this morning, #Top40 up 1.74% currently. Keep an eye out for the US #CPI data being released today, 2:30pm SA time!

[Disciplined Trader @Disc_Trader]

@SteveOnSpeed Discipline

[Disciplined Trader @Disc_Trader]

@optionsprochick A perfect trade has nothing to do with making a profit. It has all to do with following your set of rules, religiously, every single time!

[Disciplined Trader @Disc_Trader]

@SteveOnSpeed A scary thought that an investor may actually want to do that!

[Disciplined Trader @Disc_Trader]

@Travis_Robson If R260 can be overcome,R275 is the next logical resistance point,which also coincides with the 200SMA. My feeling is the oil price will dictate the medium term view. I've been noticing increased bearish comments & trades on twitter. While the 15sma is above the 50sma,Im bullish

[Disciplined Trader @Disc_Trader]

My SL on #Sasol long trade has been moved up to R250,50, which is below the low price of the last 3 days candles, locking in profits from the R243 entry. Price came close to the R260 target, will see if it gets there, but at least a profit is now secured $JSESOL #JSE #Trader

[Disciplined Trader @Disc_Trader]

Long trade in #Sasol. Rationale:Higher lows since beginning May. Price broke overhead resistance at R240. 15sma crossing above 50sma, a bullish sign. Target of R260 almost met. Entered trade at R242, with a SL a close below R233,50. 1:2 risk vs reward #JSESOL #JSE #Trader #stocks