₦airaland Forum

[quote author=locodemy post=70805452]'' I AM NOT PANICKING NOW'' - This is d state of mind that d ''90%'' are struggling with ! Not all people hv d stomach for drawdowns over a long period or hv a plan as u outlined

Monthly performance

Index -5.86%
Banking -8.64% (tough)
Insurance -5.99%
Consumer -6.84%
Oil/Gas -5.69%
Industrial -6.35%

onegentleguy:
Great advise @ Agba.

@ STOjo pls look NO further. ...for herein is the best advise to implement given ur case.
That said, I'll also ask that u concentrate on working on the part in bold.

In the stock market, what u LEARN from failing is even MORE IMPORTANT than the failures themselves !!

...I wish u the best.

was waiting to hear this: '' Just keep for long term ''
#Hopeville

Agbalowomeri:
Two elephants are in a long-term fight in NSE at the moment
If you be grass and u go chuk head..........

agbaaa
how the monthly charts looking ..
plenty lower monthly closures oh but some monthly hammers wh supports ur sept outlook

Mcy56:
@fxuser sir,
We go read am. Mpeace, weekend assignment don land o.
If to say I know the date for the impromptu test, na day before that day I go just read am so I wouldn't forget what to write down.

dis aunty lollx

quote summary for those wey book to long
http://famousquotefrom.com/mark-douglas/

Agbalowomeri:
Two elephants are in a long-term fight in NSE at the moment
If you be grass and u go chuk head..........

lollx
u see stanbic reply .. enuf board meeting up and dan all weekend

#GrabPopCorn

Mcy56:
Shuuu!
Boss no do this na, you wan pursue me from this class be this na.
Sir, abeg allow make I graduate in peace.

hehehe
deriz no graduation in d school , those who claim to hv graduated hv come back

Weekend meditation

(know dis)
One of the principal reasons so many successful people have failed miserably at trading is that their success is partly attributable to their superior ability to manipulate and control the social environment, to respond to what they want. To some degree, all of us have learned or
developed techniques to make the external environment conform to our mental (interior) environment. The problem is that none of these techniques work with the market.
– Mark Douglas

(understand this)
The typical trader doesn’t predefine his risk, cut his losses, or systematically take profits because the typical trader doesn’t believe it’s necessary. The only reason why he would believe it isn’t necessary is that he believes he already knows what’s going to happen next, based on what he perceives is happening in any given “now moment.”
– Mark Douglas


(do this)
Trading rule 1: Predefine what a loss is in every potential trade.
Trading rule 2: Execute your losing trades immediately upon perception that they exist.
By predefining and cutting your losses short, you are making yourself available to learn the best possible way to let your profits grow.
– Mark Douglas

but my people wont read sha ! #sigh

Mcy56:
Dear, the question you asked is beyond me as per say na student I be.
I would say throw it to the house so you can get diverse opinion.
For me, I would say dont sell it if not in urgent need of cash cos the loss would be massive, chopping half of your capital.
You see, you dont have to discard most of the bear shoutings here, and especially when you actually see stock prices retracing. It is well.
Na little I fit talk be that from the notes I jot down, I no fit read now cos na weekend we dey. Over to my bosses.

i remain a students with you sha ..

Bezzle:
A very Good afternoon to Everyone in the house. I would like to commend every contributor on this forum. Amazing work you are all doing. I've been following this thread since 2005 (perhaps even earlier sef not sure now) but from the days of Dexter, CP, Mercylicious, BigAss, MyJoy etc and have gathered tremendous amount of knowledge; so much that if I had to pay for I wouldn't be able to afford. Many Thanks again. God bless your generous hearts.

I have immense respect for fxuser, OGG, wanajo, oga Emma and CP - Such invaluable assets you are. Hyness and parisfran are also such commendable women.

@ DeRuggedProf pls are you Dexter? If you're not you sure do sound like him

Also pls what's your advice on FO. Bought at 57 or thereabout; selling now is just real gbese. I'm trying not to frek out but mhen!
Advice from anyone pls.
Many thanks in advance

my brother . . we hv all been here before.

- You need to let it go (also emotionally )
- be at peace and accept dat it was a bad trade, it cud hv been a good trade also
- Every loss is just an experience on your way to been better
- Improve on cutting losses short without hesitation (takes time to get this)
- Think in probabilities always (read Mark douglas, soak it , digest it)
- Accept that every trade has a random outcome
- Review d trade , learn from it well , improve risk mgt, u'll make it all back and more .

this is nt popular cos it's not easy, some will say keep it forever or till next yr or forget about it till it break even or keep it as a ''long term investment '' hehehe ..

tis well

rationalmind:
^^^

Fxuser, food has landed

chef still cooking oh , we wait patiently at d table

Godlylifeoneart:
By

In a situation like dz, the best bet is to
sell 50%, keep d money and buy back at. sub N5 in nov/Dec... Then recoup your loss in June when Foreign raiders will bring back there portfolio to the NSE

d problem with d trade plenty pass dis solution

Agbalowomeri:
Ichimoku clouds
Send down the rain

now now September is here . . Q3 coming to an end .

Emerging market having a tough time

https://www.reuters.com/article/emerging-markets/emerging-markets-emerging-markets-wilt-in-august-on-peso-lira-sell-off-idUSL3N1VM478

sellydion:
Zenith in deep shit

its doing dump and pump

Mpeace:
It could be pump and dump. Offers loading.

lollx . . d early buyers are dumping on d late buyers wey de pump

FO
- getting ready to break below N20 . . #nawa

onegentleguy:
With humility, I recall the past.
...AIICO was selling for between 0.56 to 0.58k when I 1st recommended and screamed for folks to BUY, and if possible ACCUMULATE !!
It's currently on FULL BID @ 0.82k.

The rest is history.

yhup i remember very well !
kudos

pls scream another

onegentleguy:
AIICO insurance is currently trading at N0.75 in today’s trading session on the Nigerian Stock Exchange.

82kobo full bid earlier wt 6m traded , day lowat .79 (> prev closing ). .

Mpeace:
Today is fidelity Report card day.

oya add 10m bid at n1.50 level just to make d bid/offer look nicer lol

Headlines: British Prime Minister, Theresa May Visits FMDQ Exchange
http://investadvocate.com.ng/2018/08/31/british-prime-minister-theresa-may-visits-fmdq-exchange/


NSE don suffer sha ! FMDQ is where d money at ! Oscar needs epp

AIICO
- blast off


cc: onegentleguy

52 wk Low Alert
- Zenith

where is intendy

(stocks never make 52 wk low once , expect a lil more, and vice versa with 52 wk highs)

aremso:
Somebody help, zenith wall is collapsing pls help...........

was checking this zenith chart out late last night
worst sell off ever ..
it has an appointment with oversold level on d weekly RSI , almost there
it's been there twice in the last 6 yrs , always a rare occurrence
took my losses b4 & after exdiv

on d side watching closely how dis unfolds esp ard :
d 61.8fib is at N21.17
d 78.6fib is at N17.62 level
else na 13.08 (very low probability )

Dangcem -8% will pull index down ! Index needs MTN

cadno:
Bros , please explain

just kidding !

fxuser:
Fidelity
- bids added at .786 Fib level

cc:BBM

Transcorp also at same level #um

Fidelity
- bids added at .786 Fib level

cc:BBM

52 wk Low Alert
- FO

(falling knife)

Godlylifeoneart:
https://www.moneyweb.co.za/news/companies-and-deals/nigeria-orders-banks-to-return-8-1bn-in-mtn-dividends/


MTN GOING SOUTHWARD
NIG CB SENT MTN SOUTHWARD
MTN LOST 19% ON JSE

wow massive ! over $3bln wiped

#umm

Nbrew
- abv avg daily vol at this N100 junction (accumulation )

DeRuggedProf:
SEPLAT...

ahan ahan Oando kan

hehehe