It seems as if a lot of investors took a breather today as the JSE softened. The only stocks that I have that rose slightly were mining stocks...I am told because of the softer rand. I am sticking to the golden rules, and I don't take too much notice of fundamental and technical analysis. I am not a day trader and if the shares fall outside of the golden stock trading rules I don't buy or sell them. You may think this is silly but remember where I am coming from. I will learn slowly, using small amounts of cash on small positions. I need to make an overall 13% average profit on my capital. If I can learn to pick the correct stocks and I do this consistently, I will make a good return.
On the R35,000 I am currently using as working capital, I aim to make a profit of R4,55O per month. If I can trade with R350,000 capital and achieve the same returns, I would earn R45,500 per month. If I am sounding repetitive it is because it is repetitive. I will trade unemotionally, and not chase any shares at all.
"So have you made any money?" you ask
This last month has actually been a bad month. I haven't made any money but I have learned alot. I am happy with my progress, and figure if I have done ok in a bad market I will do better in a good market.
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