Graphs u use is correct, but please note, "News over rides the graphs" thus always keep eye on news.
Without a doubt - thank goodness there should not be to much news around this time of year - and because of this slightly wary of MTN - obviously big news is expected at some time
So have R3828.19 in the kitty - lost R171.81 yesterday.
Carried a short and a long over last night for the first time. you pay interest on the long and GET interest on the short. BTW, different shares have different margin requirements, so AWA is 25%, OML 12.5%, Grinrod 18.75%, BHP 12.5%, Tiger Brands 12.5%, CML 18.75% FSR 12.5%
I have started putting in stop losses when i am going to be leaving my desk for a bit - but I think GT247 could make the ordering process a lot easier. If you want to buy a share when it get's to a certain price, set a stop loss but also sell it if it goes over a price, you seem to need to place three orders - which I find weird, but maybe I am not factoring/using/understanding the trailing order properly.
Anyhow: Overall - 60% bullish on the overall market.
Have a long on 300 OML - happy with that, will look to sell at between 4100 and 4200
Have a (probably misguided) short on AWA - because I missed the long, grrr. Purely on the very scientific "what goes up, must come down, even a little bit" theory.
Have placed buy order for Sasol and tempted to put a sell on Steinhoff at 7800 but it would go against my feeling that the market will still be bullish - so not placing it for that reason