Mspwety1:


There is something called a "zero sum" . That's what it will eventually come to.
Its not close to sustainable. Being super confident is the worst mindset anyone that's jumping in and out of trades should be displaying hence the reason everyone is talking of "school fees".
Very soon this individual will tell you that Warren Buffet is old school and slow and I am sure we all can tell how it will end.

Yes oooohhh.... In premium tears.
Ask Robinhood traders nah

phoinix:


Thanks Bro, I actually have stock that are for long term, I enjoy yearly dividends. This is just side hustle.

You are very interesting.

Please keep posting and do update us.

Hoping to learn as much as I can from you.

phoinix:


Thanks Bro, I actually have stock that are for long term, I enjoy yearly dividends. This is just side hustle.

Phoinix, i need to get something clear, are the charges 2 percent of our profit or 2 percent of capital + profit.

If its capital plus profit then am thinking 4 percent will be at a loss because before you made profit at all, about 1 percent of your capital had been deducted from buying the stock, so its like charging your capital twice in the process of buying and selling.

If the percentage is just profit alone, then you seem right pocketing 2 percent out of 4 percent gain... what do you think?

RabbiDoracle:


Loco needs a crash course from him.

Loco does JIJO. We now have a micro JIJOist.

Abeg I no fit laugh

RabbiDoracle:


The document available on NSE website showed that the Chairman of Caverton sold 39m units and not purchased that you wrote.

Thanks bro

Pls, is Seplat a good buy at 347.40? Kindly advise before I will commit "owo oniru oniyo".
Thanks in anticipation.

RabbiDoracle:


Loco needs a crash course from him.

Loco does JIJO. We now have a micro JIJOist.

I don already bow for him.
I am waiting for his quick exit and silent guest mode.

Fbn breaking a solid support(#5) is a thing of concern.

Hope price of oil and other news over this weekend can help us next week.

It is well.

locodemy:


I don already bow for him.
I am waiting for his quick exit and silent guest mode.

Fbn breaking a solid support(#5) is a thing of concern.

Hope price of oil and other news over this weekend can help us next week.

It is well.

Exit ke, me and you are brothers from different Mamas. I go dey post my trades here, live. Last last all this naysayers go join my ministry, on code.

Danniee:
Pls, is Seplat a good buy at 347.40? Kindly advise before I will commit "owo oniru oniyo".
Thanks in anticipation.

Well, it depends on you eventually...
Seplat has been on full offer at -10% for a while now. When supply exceeds demand, price drops...

So its almost certain that if this full offer continues, Seplat will drop to 347.4... Its only a matter of when someone is willing to cough up the 35million naira approximately that is needed for the price drop to happen.

Will the full offer stop after this price drops? Will someone be willing to cough up another 31 million to make it drop another 10%? At what price will bids appear for this stock Those are questions Mr Market will answer with time....

So, I am asking you your question back, is seplat a good buy at 347.4

FBNH price action must retrace within the magic box.

phoinix:


Exit ke, me and you are brothers from different Mamas. I go dey post my trades here, live. Last last all this naysayers go join my ministry, on code.

Sorry my brother.Eti is my mirror to fbn and fcmb a mirror to fidelity.If your technicals has nothing to compare,then I pity for you.

With your 10m cash,I hope you will regulate a stock for a longer time until the market stabilizes

Thanks a lot DrAwo

DrAwo:

Well, it depends on you eventually...
Seplat has been on full offer at -10% for a while now. When supply exceeds demand, price drops...

So its almost certain that if this full offer continues, Seplat will drop to 347.4... Its only a matter of when someone is willing to cough up the 35million naira approximately that is needed for the price drop to happen.

Will the full offer stop after this price drops? Will someone be willing to cough up another 31 million to make it drop another 10%? At what price will bids appear for this stock Those are questions Mr Market will answer with time....

So, I am asking you your question back, is seplat a good buy at 347.4

RabbiDoracle:


There is bewilderment as the global exchanges rages with bull, NSE is trading sideways. Not falling and not going up.

All that needs to be done is just look (like Lookman) and see the direction the market takes.

It has thrown confusion to chart lookers.

If market remains irrational like this, then smart investors will activate the dividend waiting mode and observe when the market finishes playing its games.

There is no bewilderment. The Fed money you were waiting for is not coming. The FPIs that are already inside are looking for ways out. The local players with financial muscle are doing siddon look. If the index can get back to January 2020 level before year end it should be considered a win.

One way of making money from stock investment i.e. dividend is still viable. Better in those that pay twice if bought at the right price.

Mcy56:


....but I think market will still respond, even if it's for short period.
If GTB and Zenith could deliver and pay good interim dividends, market might generally respond positively.
It's just my opinion.

That dividend is already priced in. It can only move price of companies without interim dividend history if they decide to surprise the market. Did you not notice final dividend had marginal impact on prices of most stocks with notable exceptions being those that combined it with bonus?

locodemy:


Sorry my brother.Eti is my mirror to fbn and fcmb a mirror to fidelity.If your technicals has nothing to compare,then I pity for you.

With your 10m cash,I hope you will regulate a stock for a longer time until the market stabilizes

Lol, 10m I see, u have been doing some digging.

Danniee:
Thanks a lot DrAwo

My point was just that no one can tell if 347.4 is the bottom. It can suddenly rebound or dig further... Seeing their Q2 result before deciding might be prudent....

Lion123:


Interim dividends won't change anything, I'm afraid. It all boils down to the uncertainty regarding the current FX regime and general macroeconomic factors. Foreign Investors who drive activity in the capital markets are wary of Buhari and Godwin Emefiele's Nigeria at the moment.

You have said it all. The half hearted attempts Emefiele is making to enable Nigeria draw down on the World Bank loan has not worked yet.

phoinix:


I know bro, the charges should be about 2% .

This kind of market is good for quick get in and out. The 2% will cover some weekend expenses, hopefully.

Weh done o.

phoinix:


What school fees? If you are offered 2% or 0% today, which will you choose as a rational human being? Will it make a difference if a third party is making same as u or even higher off ur deal?

Besides, the market has been sideways for over 3 weeks, do you think it will start trending next week?

Do you know that if the market persists with its choppy nature I will make more than you who is waiting for that 10%. I need 6 times 2%.

There is only a 33% probability it will rise higher than N5. That means the odds are stacked against you making that 2%. Looking at the closing price now I see that it closed flat. I hope you got your 20k or 2% from that trade.

CashDiMkpa:


There is only a 33% probability it will rise higher than N5. That means the odds are stacked against you making that 2%. Looking at the closing price now I see that it closed flat. I hope you got your 20k or 2% from that trade.

How did you get 33%?

phoinix:


Lol, 10m I see, u have been doing some digging.

Don't be like 333 my friend who was exhausted in this journey.I told him thru email,but he couldn't listen.

This market has something to do with experience and time apart from TA / FA.

phoinix:


I know bro, the charges should be about 2% .

This kind of market is good for quick get in and out. The 2% will cover some weekend expenses, hopefully.

Hmmm....Day trading on NSE? Day trading with FBNH? Please tell us how it pans out after several trades. Maybe I will be tempted.

Dear phoinx u better sit back n recheck this ur strategy because it seems no other person seem to make sense from this ur 2% strategy. Money is blood. Do not waste it deliberately!!

CashDiMkpa:


There is only a 33% probability it will rise higher than N5. That means the odds are stacked against you making that 2%. Looking at the closing price now I see that it closed flat. I hope you got your 20k or 2% from that trade.

I actually took some time to calculate the probability of hitting 5.2

From the chart I posted above out of 24 bars, 7 crossed the 5.2 mark with good margin. Meaning that in the last 24 trading days, 7 of these days traded at 5.2 atleast briefly.

The probability of hitting 5.2 is 7÷24 = 0.29 or 29%. Meaning that each subsequent trading day has a chance of 29%, individually.

Now, the fun part. What is the probability that price will trade at 5.2 atleast once in the next 4 days (Monday to Thursday) ?

I like using the complement as it makes things easier.

Probability that price will not hit 5.2 in a given day is 1-0.29 = 0.708 or 71%

Probability that price will not hit 5.2 not even once in 4 days is 0.708^4 = 0.25 or 25%

Finally, probability that price will hit 5.2 atleast once in 4 days is 1-0.25 = 0.75 or 75%

Conclusion: there is a 75% chance that my exit point will actualize within the next 4 trading days.

TLAX:


There is no bewilderment. The Fed money you were waiting for is not coming. The FPIs that are already inside are looking for ways out. The local players with financial muscle are doing siddon look. If the index can get back to January 2020 level before year end it should be considered a win.

One way of making money from stock investment i.e. dividend is still viable. Better in those that pay twice if bought at the right price.

My Oga i totally agree with u but nevertheless i think it wld come (i.e. Fed Money) though it wld be late and might not be much. The reasons are Meffy wld eventually resolve the FX issues (possibly b4 d year end), d printing is going to be on till 2022 (as guided by Powel), So my take is if Meffy solve d FX issues before end of q1 2021 some of it wld eventually find its way down.

phoinix:


I actually took some time to calculate the probability of hitting 5.2

From the chart I posted above out of 24 bars, 7 crossed the 5.2 mark with good margin. Meaning that in the last 24 trading days, 7 of these days traded at 5.2 atleast briefly.

The probability of hitting 5.2 is 7÷24 = 0.29 or 29%. Meaning that each subsequent trading day has a chance of 29%, individually.

Now, the fun part. What is the probability that price will trade at 5.2 atleast once in the next 4 days (Monday to Thursday) ?

I like using the complement as it makes things easier.

Probability that price will not hit 5.2 in a given day is 1-0.29 = 0.708 or 71%

Probability that price will not hit 5.2 not even once in 4 days is 0.708^4 = 0.25 or 25%

Finally, probability that price will hit 5.2 atleast once in 4 days is 1-0.25 = 0.75 or 75%

Conclusion: there is a 75% chance that my exit point will actualize within the next 4 trading days.

So you now see that the odds were against you winning that trade on Friday and spending that 20k this weekend. Your day scalping or day trade set up failed cos once it does not perform in minutes or intra day it has failed. Scalping may appear like taking random positions but it requires statistical modeling.

Again it's not all stocks that you can successfully do day trading on. FBNH will be a difficult set up cos of its character. You may still win with it but just be aware any day trade or scalping win here is pure luck. Enjoy.

phoinix:


I actually took some time to calculate the probability of hitting 5.2

From the chart I posted above out of 24 bars, 7 crossed the 5.2 mark with good margin. Meaning that in the last 24 trading days, 7 of these days traded at 5.2 atleast briefly.

The probability of hitting 5.2 is 7÷24 = 0.29 or 29%. Meaning that each subsequent trading day has a chance of 29%, individually.

Now, the fun part. What is the probability that price will trade at 5.2 atleast once in the next 4 days (Monday to Thursday) ?

I like using the complement as it makes things easier.

Probability that price will not hit 5.2 in a given day is 1-0.29 = 0.708 or 71%

Probability that price will not hit 5.2 not even once in 4 days is 0.708^4 = 0.25 or 25%

Finally, probability that price will hit 5.2 atleast once in 4 days is 1-0.25 = 0.75 or 75%

Conclusion: there is a 75% chance that my exit point will actualize within the next 4 trading days.

Man you actually don't have enough experience in this despite claiming the opposite. I figured when you didn't know that moving the price of Seplat would take more money than FCMB.

In your probability calculations, how do you factor in your volume? If price did hit 5.2, how about volume? It might just be a few hundreds trading at that price.

In fact, if you did buy FBNH at 5 naira, 5.2 might not even be your BEP let alone making 2% at it.

TLAX:


There is no bewilderment. The Fed money you were waiting for is not coming. The FPIs that are already inside are looking for ways out. The local players with financial muscle are doing siddon look. If the index can get back to January 2020 level before year end it should be considered a win.

One way of making money from stock investment i.e. dividend is still viable. Better in those that pay twice if bought at the right price.

Na look I go just dey look you when e start.

Good day All,

Please does any one know which Registrars do online activation of an e- divided mandate?

Kindly advise names

DUNKA:
Good day All,

Please does any one know which Registrars do online activation of an e- divided mandate?

Kindly advise names

Africa Prudential (Afriprud)

DUNKA:
Good day All,

Please does any one know which Registrars do online activation of an e- divided mandate?

Kindly advise names

Africa Prudential registrars

IYGEAL:


Man you actually don't have enough experience in this despite claiming the opposite. I figured when you didn't know that moving the price of Seplat would take more money than FCMB.

In your probability calculations, how do you factor in your volume? If price did hit 5.2, how about volume? It might just be a few hundreds trading at that price.

In fact, if you did buy FBNH at 5 naira, 5.2 might not even be your BEP let alone making 2% at it.

Given that the list traded volume in the last 24 trading days is 4 million units, my small 105k will likely be filled if price gets to 5.2 .

Regarding SEPLAT and FCMB, are you serious? Do you need experience to know that 1.9 is much smaller than 347?