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Messages - Pluto

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1
Shares / Re: How I made 2 Million dollars
« on: January 18, 2017, 12:58:00 pm »
Interesting. Thanks for that.

How much of it do you think was because he was in the middle of a bull market? I guess it got him out when the markets turned so you've got to give him some credit.
He didn't diversify much and often had over 30% in 1 share, sometimes even 100%, so it could easily have gone the other way.

Looks like he used quite a bit more Technical Analysis than Fundamental Analysis in making his decisions, I like that since I don't know how to read much into company reports/etc  :)

Some software even includes a Darvas Box Indicator...
https://www.linnsoft.com/techind/darvas-box-dbox

This summarises his approach pretty well for me:

Quote
I shall not follow advisory services.
I shall be cautious of broker advice.
I shall ignore Wall Street sayings or truisms, no matter how ancient or revered.
I shall only trade stocks on major exchanges with adequate volume.
I shall not listen to (or trade off of) rumors or tips, no matter how well researched they may sound.
I will use a sound strategy instead of gamble…I must study this strategy (originally this approach was fundamental analysis, which didn’t work for him, so he developed his Darvas Box trading method).
I will hold one position for longer, as opposed to juggling a bunch of positions for a short period of time.


2
Shares / Re: Google finance team up with the JSE- Best part, it's FREE!
« on: October 28, 2016, 09:23:28 am »
Hey Maurice,

Be careful of relying on values from Google Finance too much ...

http://shareforum.co.za/shares/traded-volume-discrepancies-on-different-sites/

I mailed and asked if they could tell me why there are differences but no feedback yet.

3
Shares / Re: Traded volume discrepancies on different sites
« on: October 06, 2016, 09:50:12 am »
Interesting. Thanks!

I found a link on Google Finance to report a problem, gave them the details, will see if they reply with a reason/fix.

4
Shares / Traded volume discrepancies on different sites
« on: October 05, 2016, 05:06:17 pm »
Hey,

Does anyone know why there would be discrepancies between traded volumes quoted on different sites? OHLC all match, just Volume looks out?

Check the volumes for 04/10/2016, according to Sharenet it was 1,260,354 and according to Google Finance it was 1,109,619

https://www.google.com/finance/historical?q=JSE%3ANPN

Sharenet link doesn't seem to work if you click it, sorry, if you just copy and paste the URL into your browser it seems to work.
http://www.sharenet.co.za/v3/quickshare.php?scode=NPN

Standard Bank and Sharenet match...

Had a look at a few different shares and same thing shows up, APN on 29/09/2016 has SENS about GSK, 57million traded according to Standard Bank and Sharenet, but Google finance says just 14million.

Any ideas?

5
Shares / Re: Technical Analysis - Trading Systems
« on: September 26, 2016, 01:46:55 pm »
Thanks! I've heard of JustOneLap but never taken the time to look at it before, looks pretty interesting, i'll go through the site in more detail tonight.

That's exactly my thoughts, the self fulling prophecy part, which is fine as it's just something extra to pull the odds in your favour so it makes sense to use it.

I agree that you can never cater for everything with purely technical analysis, I think you can get pretty close though :question:

As you mention below political events/currency swings can affect things which is a valid concern.
Why not just include the exchange rate as one of your inputs?
It'll react to any major political event just as quick as you could if you were monitoring the situation yourself.

6
Shares / Technical Analysis - Trading Systems
« on: September 22, 2016, 05:50:29 pm »
Hi,

I'm interested to hear your opinions/experience on trading purely based off of technical analysis signals.

My opinion, I think there could be some merit the approach.

Yes, there is no 100% fool-proof system that'll make you money all the time and what worked 2 years ago could be outdated now so it would have to constantly evolve, but even if it just gives you a slightly better chance of making a profitable trade over the long term it could pay off.

Maybe?

7
Shares / Weird Trades on a share
« on: April 25, 2016, 05:11:47 pm »
Hi,

Can anyone tell me why someone would want to do this? Attached image shows a few trades that went through between 16:16 and 16:20.

It looks pretty clear that it's the same person doing it. They even split the amount of shares bought into "non round numbers" for a while.

446+1054=1500
1946+3054 = 5000
1446+1554 = 3000

Then a bunch of batches of 10,000 at a time.

And all of these went through at R14.50 ...

Why not just buy them all at once? What is the benefit of doing this?

Thanks!

8
Off topic / Live chat
« on: March 02, 2016, 11:09:51 am »
Thanks for the TFSA reminder Patrick, my R30000 is now R31000 ... Not bad for a weeks work :)

9
Off topic / Live chat
« on: January 20, 2016, 10:44:05 am »
sorry ... thought it was the search box :)

10
Off topic / Live chat
« on: January 20, 2016, 10:43:37 am »
lonmin

11
Shares / Re: Picks for 2016
« on: January 06, 2016, 04:46:08 pm »
Article is a few days old so some of you might have seen it.

http://www.fin24.com/Money/Investments/stock-picks-for-2016-20151230


12
Shares / Re: What to do with some extra cash?
« on: October 29, 2015, 05:22:11 pm »
Nice guess Patrick, so close ... 0 kids and 0 wives :D ... girlfriend for just over 2 years now so she might make me marry her sometime though  :'(

I definitely won't put more than R30,000 into my TFSA and pay tax on it.

So the plan is:

Max out my RA (15% of gross salary).
Max out my TFSA (R30,000).

Leaning a bit towards an ETF with the rest over my bond though. I understand the bond would be safer but not in the mood for safe at the moment.



13
Shares / Re: What to do with some extra cash?
« on: October 28, 2015, 03:33:24 pm »
That is on my list of stuff to do. So by the end of the year that will be a yes.
I've heard how they may change it soon to allow lump sum deposits.

Even if they did allow lump sum deposits, would you recommend that over an RA?
The immediate tax benefit you get out of an RA for me seems to be more appealing.
If my calculations are correct I could end up with R200,000 in an RA and R133,333 received from tax refund in a TFSA
vs
Just R200,000 in a TFSA.

Sorry, never mentioned below but i'm 35 so I've still got a bit of time on my side too ... hopefully :)

14
Shares / What to do with some extra cash?
« on: October 28, 2015, 02:51:24 pm »
Hey,

Can you guys give me some ideas/your opinion of what to do with a bit of extra cash?

I'll be getting a bonus soon of about R450,000, less 40% (41% or 42% now I think) will leave me with just over R250,000.
Planning on spending about R50,000 which will leave me with R200,000.

I've got 2 small bonds and paying prime less 1.45% on each which would be the safe option but I'm willing to accept some risk with this so i'd prefer not just sticking it into the bonds.
I also make monthly contributions to some unit trusts too but as i've learnt on here they are not always the best option, I've also invested a bit in a few random shares (APN,CFR,GPL,MTA and NPN, Not the best choices i've made but at least I got out of GLN before things went really bad    :) )

So from what I've learnt from you guys i'm leaning towards 2 options:

  • Getting into an ETF or 2.
  • Or putting it into an RA, if my understanding of the tax benefits is correct.
    If I were to place it into a RA would I be able to claim my tax back and in effect get  (200,000/60*100)-200,000=R133,333 tax back?
    Obviously I pay the tax once i retire but getting an extra R133,333 now seems like a pretty good idea? Or not?

Thanks for your input.

15
Shares / Re: What do you make of this SENS?
« on: September 28, 2015, 02:30:57 pm »
Quote
Both these things will make their share price increase though I think and I do not see why they will put out a cautionary SENS like this if whatever they are doing will make the share price go up.


I can't answer it all but i'm pretty sure they are required to issue a SENS whether it'll have a significant impact on the share going up or down.

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