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Did take a look at them once - they actually not traded as heavily as your bigger shares - so the graphs are a bit gappy - so would probably be harder to get in and out at your price, depending on time frame I guess.
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Yeah I thought as much. Maybe something popular like the STXIND or STXFIN moves around often enough?

I was kind of hoping to find something, like GT247, with a low-ish cost & the ability to put in stop-losses etc, buy one of the ETFs and let it do its thing, checking back weekly or so. Maybe a share like Sasol that moves with the oil price could work as well. It seems to track the oil movements quite closely.

Comments?

Week 5 DAY 29 R-5526.76 R473.24 R-29.82 (I expect R4000 to be paid in today)

So, first day on the new system - opened up with a win, excellent. Then about 4 losses in the morning session - and then three wins in the afternoon. All cancelling each other out and just leaving me with the fees -  I do think, from here on in, I might just do updates weekly as it's going to be pretty boring - with no big losses or big wins planned.... But we will see how it goes.

I am pretty happy with the way January went on the whole. Had a couple of expensive trades that where in the black, turn red so quickly I just could not deal with them. But it made me think about and then implement, a proper risk strategy and know why I am implementing it. So now I would be quite happy moving R100K into the account knowing I can control the losses.

I would say, over the last month, if I had exited all trades when I was up or down 1.2%, I would be slightly up or would have broken even on the month. It was my exiting that was the huge problem - trying to let the winners run, but on the whole, watching them reverse, and then refusing to sell them until they really hurt. On the whole, going against the trend and looking for reversals cost me.

February is going to be all about trying to find a good setup(s) that work with the trend and then carry on using strict money management. I am going to carry on using 1.2% as my limit/stop although I should really be managing the trade when i am in it with a trailing stop once i get to 1% or so. I might start doing that at some point in the month but at the moment I am more interested in if the trade works or not vs. how much it works.

Once entering a trade, it can ether loses a lot, lose a little, break even, make a little or make a lot. I've had huge problems with the first one. But I think I have now got a system where I will eliminate it from the equation. The next three, will probably cancel each other out so it will be just a matter of letting the winners run once I get a system going.

My preference is still with day trading as this eliminates the often massive gap that happens often in the morning. I like the idea of getting in making a couple of bucks then closing of the day. I do know that the real money would come from swing trading but I'll let time and experience take me down that path.

I have learn't a massive amount from when I started out a month I just hope it carries on.

Day 31 R-5465.62 R4534.38 R88.25

Breaking a 5 day loosing streak! Was actually a bit disappointed as I had actually made R160 or so, but looking at the statement I see the monthly fee for being connected live to the JSE was taken off (R72.96). Very happy with the way yesterday went. Only had one loss and 4 wins. The best nicest win was shorting telkom but instead of taking profits at 2 x stop, manually moved the stop down as the share decreased - I actually then got double what I had originally planned.

now I've got some risk management in place it's going to get a bit boring

Ah come on, you've got losses to win back. Double up so you can make it back quickly 

Probably school fees well spent actually. Glad you're only risking what can be afforded.

JaDeb

Yup, before committing serious money, you need to have a risk strategy, know how to use it, and then use it. At the moment I am just risking 1% of my capital a time. I always have a stop in place - that's decided before entering a trade. I quite like having a trailing loss for profits. Just need to find a system that can comfortably pick 50% winners     

Week 7 R-6342.64 R3657.36 R-679.92

Felt slightly more confident last week - slowly getting comfortable with a system that suits me. Did stuff up on Thursday, watched WHL tank on decent results, felt it was an overreaction and jumped in long, breaking all my rules on position sizes and stop losses. Then had to watch it tank even more AND missed out on a good, planned move on Truworths. Did recover a fair amount on Friday and am still hopeful to make some profit this week. The idea was good, the execution was pathetic. Other than that, have a long in EOH that has been ticking up nicely over the week but have been hurt with small shorts on Anglo. Hell, maybe we did hit bottom in resources! I would be surprised though as I haven't heard of demand picking up at all - bar gold. Dead cat bounce?

Half way through feb and still have more than half my account - things are looking up 

Getting a bit gatvol TBO.

so on the 19th went short on CML @ 6208
on the whole trade is working well, as it decreases I slowly decrease my stop and plan my exit.
so this morning my limit is @ 5950 in profit, but still some breathing room.

now, you see that spike.

wipes out my stop AND GT247 only get me out it's very peak - 6286. So have lost, of course.

Then it comes straight down and now sitting at 5846.

It's not the first time this has happened.

So what do you do? Not use stops??

Having serious doubts about pursuing this TBO.

Have you ever considered talking to a human being at GT247 to establish how their algorithms actually work and why it took you out at the peak. There was a guy who immigrated to London and he castigated this crowd and he reported that he lost megabucks over their platform
Not fully au fait with all the circumstances but maybe make contact with users of GT247 to see what their experiences have been - especially in volatile markets