₦airaland Forum

People,
On FBNH, my cost basis for now is 3.05, I have some reserve cash just in case it breaks 3.00 support to average down.
Technically, the support range so far has been 2.90- 3.00, I see it reversing this week.
Today's red candle is attractive, the stock might get some attention tomorrow.
However, transcorp s volume is so huge , almost missed it, over 40m, or result out, it's at support too. Watching closely...
I agree the market needs FBNH result.
K

locodemy:
Jah bless you

.

Amen ooooooh, if na one all man need now , na Gods blessing.

God bless all of us in the forum.

Make market move forwark

K

locodemy:
Jah bless you

.

Amen ooooooh, if na one all man need now , na Gods blessing.

God bless all of us in the forum.

Make market move forwark
K

kolaish:
FBNH Q3 will be good. it will be a follow up on their Q2.

Peopel,

lets hope so, with their increasing NPL portfolio, Q1 loan loss provision was circa N12.5Bn, Q2 was N69Bn, Q3 will be ....

so which trend will they improve on?. FBNH Gross earnings is always the highest in the sector, but their cost profile and NPL is killing them.

they need to reverse that trend, a good proportion of their loan book is Oil and Gas related and crude oil has not shown positive direction and the

country too has no economic direction.

its Q3 will determine its direction in the short term, people should forget the long term abeg.

Just jijo and move on

k

fxuser:
FBNH
-SP just under 50DMA
-5dma > 10dma , short term positive momentum
-MACD still above signal line
- Bollinger band no longer sloping downwards , currently in a squeeze , wt SP above 20dma
- SP will re-test tN3.20
- lower downside risk but expect pull backs along d way

#JustObserving

People, there you have it, just expect FBNH around the 2.90 - 30.00 levels again, which could be brief considering Qtr 3 results are gonna come in this month.

NB: their loan loss/ no performing issues are still very much around. Go look at 1st and 2nd Qtr results again and confirm if its a trend or not.

k

Jideams:
@Kentoto

Please note and be very careful of trading penny shares (share <10 dollars). It is not the number of shares that you have that matters, it is the percentage increase in price. so you do not have to trade 5dollar shares because you have 1400 dollars. What moves the market price of a stock is the purchase by fund managers and not individual investors. Fund managers buy Stock that above 50 dollars in price, that way they can buy many stocks without moving the price significantly.

If you continue to trade stocks that are five dollars in price, you stand the chance of not hitting the home run or you are buying Stock that are not doing well. If a stock is good, even at the point of IP0 you will not find it at five dollars, take facebook as an example as it open at 18 dollars.

So, my work of advice is to buy 20 units at 50 dollars it and get 20% gain rather than buying 200 at 5 Dollar each and making 20% gain. In either case, you are making the same profit but you are likely to fill and you position quicker with 50 units than 200 units.

Thanks bro , for the advice,

ultimatly i would be having a portfolio of mixed stocks, its just that am attracted to the volatility of the pennnies... however, i will look into trading one or two stocks from your watchlist tomorow to see how it goes.

k

Jideams,

Thanks for the watch list bro, my trading volume for now is $1,400 so i only get to trade stocks less than $5 a share.

for suretrader, there are two major platforms to trade thru ( desktop pro and the active web) the activeweb is the one i use for now cos its free.

The charge for buy and sell is $5 dollars, so buying and selling is $10 dollars, also there is ECN fees which is variable and dependant on the number of shares you are trading (goggle it please, don't have the exact rates). how ever for those that use level 2 data pay about $120 dollars a month in addition, that if you are day trading full time.

i traded a couple of time last week, ( i have a 9 -5 job that limiting me for now) but am on full time tomorrow cos of the holiday

k

tunapa4dem:
Suretrader commission will kill you guys.

,

ok, so are you recommending a broker for traders based in Nigeria?

i use active web platform to reduce my costs.


regards

Jideams:
Guys,

So glad to hear that someone eventually opened an account for trading. Can you please put us through the procedure for doing this please ? I Plan to set up the same account for Friends in Nigeria having similar problem with TD Ameritrade. I might also use the platform for analysis in conjuction with TD Ameritrade.

So please share with the house.

.

Really no biggie,

just go to the website and fill an online form, fill in your data,
also have your bank statements, two types of identification, professional and bank references.
suretrader.com
.its very easy justt give them what they want..

as seen below

[b]In order to complete this application, you'll need the following information on hand:
2 valid color photo IDs: passport and driver's license or government issued identification card
Bank account information
Employer's address and telephone number
Financial information (annual income, liquid and total net worth)
Financial and professional references
Proof of residency (utility bill, bank or brokerage statement, etc. with your address on it - no older than 6 months)
Due to recent legislation (FATCA), Swiss America Securities, Ltd. now requires every client to submit either a W-8BEN for NON-U.S. Individuals, or W-8BEN-E for NON-U.S. Entities or W-9 for U.S. Individuals & Entities

People,
Finally, I have the suretrader account set up and funded.

So let's get paid.

K

omoharry:
Guys is Fidelity a good buy.Just got mine at I.3 yesterday and 0.97k today.

Fidelity is cool, at least you have averaged down reducing your cost basis..

the week ahead would show if 0.97 is its support.

k

locodemy:
Where UBA go get money to pay the interim dividend of 0.20-25k?Na JIJO go good for the stock now.

Them must pay oh, Tony had better go look for am.

People (including myself have been waiting).

No story

UBA on full bid, maybe results are close.

debeey87:
Transcorp Hotels(TRANSCOHOT as listed on NSE) is different from Transcorp's other businesses in the conglomerate. The hotel biz is listed separately and they shud be d ones building new hotels.

..that's why am saying,. Let the hotel arm report it's own business and not transcorp PLC.
It shows that transcorp no get serious work at hand. So people , don't expect anything from this company in the short time.

K

People,
I just saw this now, e bi like say transcorp na one chance oh.
Transcorp talking about building hotel, so what's transcorp hotels business. (Drain pipes)?.

https://www.proshareng.com/news/Investors-NewsBeat/Transnational-Corporation-of-Nigeria---F/32077

fxuser:
Fidelity bank finding support
#bottomed

It had better find the support oh.. I no get cash to follow am further.

After support we should enter accumulation .
Is there a mini bull anytime soon.?

K

People,

I think we now have two banks left that we are expecting results from. Access and UBA.

Dividend yield is what's separating them now, they having the largest volume of trades so far today. 40 m and 50 m

They are in focus now.

K

People,

Please, did anyone speak to them in morgan capital, their phone was just ringing non stop, and nobody picked up.

Did they really opened for business today?.

K

People,

Please has any one spoken to morgan capital today?

I called it rang severally. Nobody picked up.

Cos I wan to send money into my account.

K

angelo82:
Judging from current market trend and price of both stocks,I think is wise to go for Access.Its cheaper and the dividend yield is more higher than Zenith when you compare price difference.Capital appreciation in the short to medium term is also guaranteed.

Going by the submission above, what if UBA gives 25k interim dividend. . The analogy will change.

Cos most likely, UBA might do 25k too. Since it did 20k last and would want to show growth.

The lower the stock price the higher the yield amongst the three of them.

K

zPixel:
Hi

Has anyone had any luck opening an account with thinkorswim from Nigeria? They just introduced a 20 minutes delay on their demo platform... Please if you have an idea how i can open a real account please let me know. Thanks

Please forget think or swim from TD ameritrade. I used to have an account 8 years ago, reactivated and tried funding it. They returned the funds last week saying they don't do business with Nigerians.

Looking for another broker now.

People,

The market is so dull, you guys noticed UBA,Zenith, Access and GT bank are all trading sideways within a tight band.
I think we might start to see activity from third or fourth week in next month.

K

goodguygonebad:
Nobody has been able to respond to my request. It seems everyone here and in Nigeria are fundamental analyst. Hmmmmmm

If ANYONE knows of ANY PLATFORM where technical analysis of the NSE can be made, please avail it to me ooooooooo. Na beg dey beg.

Bro, sorry market is slow,
Check out trwstockbrokers.com

ExLaidback:
Edited:

Yes bros. That's largely dependent on when they release result according to my own DD. The only thing delaying it is the release of results other wise it has shown every sign of a sustained bull. However if it doesn't pull through this week, it's likely to do so early next. In fact for obvious reasons i'm more sure of a bull on UBA to happen before that of UCAP (which i expect NOT to close below N2.30 again before it finally touches N3.00 some time later, can't say when, hence my small warning yesterday)

But you see when i express any opinion, I do so knowing fully well that the market is king and that I may be completely off

I agree, though the market is slow these days, it has the potential anytime form next week .

What about zenith bank results? Can't remember seeing it, or have they moved to september too. If so, it means bargain hunting will continue till the end of the month.

K

Mfunkynation:
wat abt Zeee result?

Dont blame the guy joor,
when his mates done run go september, the guy is probably thinking of joining them, at least ,see if they can pull a bull run in september against Q3 results

k

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/14652_OANDO_PLC_-_HALF-YR_HIGHLIGHTS_CORPORATE_ACTIONS_AUGUST_2016.pdf

Rubbish, plenty English no substance. .

Loss is loss, no matter the packaging.

K

Intendy:
stocks with new 52 weeks low

Vitafoam #3.05k

sterling bank #1.19k

lafarge wapco #55.86k

Portland paint #1.76k

PZ #17.60k

stocks with new 52 weeks high

Total 200.09k

Thanks bro, you don't miss a beat...

Meanwhile, sterling in getting cheaper, I think I will start looking at its side oh. . Can't remember reading result sha, men, please any result on sterling yet.?

Thank God for dantogeflour result... Looking good. I expect a gap up tomorrow. >
K

Elai147:
I could not agree with you more. Most BnSiTL know that I was more of a long term investor even though I do short term trades. But after after doing a lot of research and calculations, I decided to settle for the latter. Nigeria is not a country where you invest for long term and expect to sleep peacefully or with both eyes closed as is expected in a normal economy. For me, apart from Nestle, and maybe Dangcem, I don't see any other stock that is worth the risk of a long term investment in the NSE. If I want to be careless I may include GTB, NB and TOTAL PLC. As a short term investor (I'm not talking about JIJO), if you know your technicals very well and, you are disciplined, you will definitely be more successful than a long term investor (as long as the investment is done in the NSE). My only advice for those who still believe in Long Term is that when doing due diligence, they should always remember to include corruption and uncertainty to their DD instead of just relying on figures and ratios in some annual reports of some companies managed by corrupt officials in a corrupt country.

Hello guys ,

Please understand that the times have changed, the times we are in times were it's how fast you can make money.

Long time investments are dead, but in Nigeria una still carry for head. The investors you have now bought those share at least 20 years ago. Times have changed, corporate governance is weak,

I remember buying japaul at 90k and sold for 6.90 in a year before the global crash. The same japaul is now print losses as if it's competition. Imagine if held onto the stocks.

We don't know how to manage businesses in the country. Continue for short time plays and pull out your profit fast.

K

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/14555_TOTAL_OIL_NIG_-_HALF-YR_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

This is what you call a RESULT

they even added an Interim div with a closure date that has past

bad for traders that JIJO

That's how world class companies do their thing.

ufotty2001:
guys please what is wrong with ucap
now @ 2.27

Haba. Where you dey since, the opinion has been that the stock would receed to sub 2.00 now.

K

Trading Psychology and Emotions
Posted on December 27, 2015
Trading Psychology and emotions play the biggest role in your daily trading. Let me elaborate on this more in this article.

Dr. Van Tharp, a leading psychologist, is very well known for breaking down the trading process into three categories that affect traders. He categorises them by importance as follows:

Trading strategy (10%)
Money management (30%)
Psychology (60%)
The fact that trading strategy is the least important factor in Dr. Van Tharp’s trading process above, this suggests that regardless of how successful your trading strategy is, your psychology is the key to being successful in trading.

In one of my previous articles we looked at Fear of Missing Out (FOMO) and how it can affect your trading. Fear & Greed are the two emotions that have a negative impact on your trading journey. Experienced traders know that the greed makes you to try to take too much profit (when it is not there) and you end up with less profit or loss. Similarly, fear causes you to cut your positions quickly in loss or less profit where you could make much more.

Another important psychological factor is the ‘Ego’. We all have an Ego. We all want to be right. A trader highly influenced by his own ego will never admit that he/she is wrong. This means that, he will never be able to learn from his/her mistakes as he is unable to see those mistakes in the first place. This will ultimately result on more losses and get him/her out of the game all together.

Another aspect of emotional trading can be summarised as ‘revenge trading’. In revenge trading, the focus of the trading shifts from finding the best trading setups (according to trader’s own strategy) to fastest way of recouping losses. The trader focuses on winning the losses back (very similar to a loser gambler attitude) and ends up losing more money.

The final aspect of emotional trading is over trading. This mainly happens after big wins and the trader greed kicks in for more profits. The whole situation ends up with losing the previous gains or accumulating big losses in the process. This is a Greed based human behaviour that can be seen in experienced and inexperienced traders. Difficult to control but not impossible.

So how can we cope with our own Psychology and Emotions? You heard the trading term: “be like a robot” that comes to mind. Easier said than done! The trading algos are much more profitable than humans (when they are using a profitable strategy) for one reason only, they cut out the emotion from the equation!

As a human trader, your only weapon is discipline. You might know about what to do but applying discipline to your trading will require time and experience. As good old Warren Buffet says: “You can’t make a baby in a month by getting 9 women pregnant”.

My personal advice is as follows:

The start point should be working on your ego. When you are wrong, admit that you are wrong. This will be difficult at first, but in time you will see the benefits of doing so. You will be able to see your mistakes. What went right and what went wrong with that particular trade.
Have a trading diary. We are humans, we forget! My suggestion to especially new traders is having an excel sheet and note down every single REAL trade that they have done (not interested in paper trades as they do not reflect the emotion of losing real money). Make sure to have a separate column for your notes, note down everything why you entered in that trade, why you exit? did you follow your initial plan (this is very important), if not why not? Take as much notes as possible so you can go back and see what happened to your trade. What went well and what went wrong. The pattern will start to emerge when you have at least 100 or more trades, you will be able to see the bigger picture. I Cannot stress this enough, HAVE A TRADING DIARY (even if you are an experienced trader).
Be DISCIPLINED! Once you have a working strategy, follow it to the letter! It is not always easy to do so, but you will get better in time if you apply discipline. Also make sure to have some trading goals (my article on setting goals can be found here)
Set your expectation accordingly! Trading is not easy, do not expect easy money. Know that you will have to work for your money. A lot of hard work needed to be a successful trader.
Find out what works for you. Be honest with yourself. If you are overtrading, what is the best thing to do? Some people can control themselves in front of the PC, some simply cannot. After a successful trading session, I often take a coffee break to clean up my mind and more importantly my emotions. If it is a particularly good trading day, I go for a drive in my car. Whatever works for you. Perhaps go dip in the water, have a coffe, drive, call a friend, etc.
Enjoy what you do! Yes, trading is hard work but there is nothing more satisfying then knowing your strategy works, you were disciplined and executed that trade according to the plan (or avoided that big loss successfully).
I hope it helps. Have a great weekend.

MT