Wendz wrote:Burning Spear wrote:Seles83 wrote:It is completely insane to take a Mid/longterm positions currently in the stockmarket: Below are my reasons...
- North Africa Crisis has damned the foreign investor confidence in Africa market..majority of hedge funds have hold back..reviewing their positions and portofolios..
- Famine / Drought situation in Kenya discourages comsumer spending and household expenses are sky rocketing.
- Crude Oil effect...100% of Fuel imported..ripple effects???
- The Deflation of Kenya Shillings by CBK.
- Endless Political bickering of political chiefs
- ICC and Ocampo Effect..
- 2012 Political reallignment and political uncertainity..Kenyans are temporarly insane during this period.
Guys, use stop loss to protect your gains and principal..
Enjoy trading...
stop loss may not be the best option considering that this is a temporarily global problem.on the contrary,this is the best time to accumulate ARM,Co-op,Centum and the like.
You took it out of my lips.... short of moving out of the NSE completely, how do you stop loss on all counters?..... and for some, the losses are neck high you'll actually be hanging yourself in the process....! I'd say, at best, buy to average downwards, or at worst, just hold. Sell, if it is a do or die.
Technically speaking a serious trader makes two requests to the broker..Buying price and exit price..
If the market is doing great...revision of stop loss is upwards to shield gains..on the contrary you should never revise your stop loss downwards to accommodate more losses..
The killer of almost all investors is emotions...Greed & Hope.., i.e. Greed that COOP might touch 25 bob, or hope that Coop might hit 21 bob again.
Now for those in catch 22 positions..Averaging out may be the solution...but just like Leverage..you play it wrong you end up more negative gearing..
Enjoy trading folks..one rule stands
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Sheep and Pigs always get slaughtered..
More monies, more problems...