Trading is a skill that you perfect (well… not really, but we keep trying) over the years and it’s great to know that you’re not really alone in the journey – we are here to help you! It’s in this spirit that we provide you with regular #tradingterminology lessons through our social media platforms, explaining
Eish, what a month and bit we had. After making an all-time record high on 24 April when the All Share Index closed above 55,000 points for the first and only time so far, we have been on a slippery slope. The JSE corrected more than 6% from its high causing many stop-losses on our
Today the stoploss on Aspen triggered on our iTrade Fantasy League when it declined to R370. That was 8% below the high reached only two weeks ago. Our portfolio only made a loss of only 3% because we adjusted our stoploss to 8% below the high. The MACD indicator is also giving a sell signal.
We adjusted the stoploss on Mr Price in our iTrade Fantasy League portfolio upwards when the share price moved up to R283 earlier this month. We set the stoploss at R260, 8% below the high. Because we adjusted the stoploss upwards to trail the share price going higher, we lost less than R1,000 on the
As we explained on Friday we placed stop-loss orders on all the shares in our iTrade Fantasy League portfolio on Facebook to limit our losses. Billiton triggered on Friday and we sold all 180 shares at R255 per share. On Monday the price is down another 1% or R2.50, but we are not participating in