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How to Reduce Inflation in South Africa in 2023! - 5 WAYS!How to Reduce Inflation in South Africa in 2023! - 5 WAYS! I got this excellent question today from someone Which I thought was an important question to answer considering the state of the Country of South Africa. Hi everyone. In SA I always wonder how an ordinary person "employed or not" can contribute to bring positive change to our inflation? A. Here is my answer... As an economist, I can say in theory it is possible to bring positive change to the inflation rates but in reality – with corruption – I’m not sure it’s that easy. Also, it’s the butterfly effect where we need to come together as a community (country) to work towards lowering inflation. So on the one hand, there needs to be less spending unfortunately. Here are a few measures I can think of… #1. Lower non-essential spending. People need to stop spending unnecessarily on products and services and instead start saving more for their future. This will hamper and reduce the impact of inflation. #2: Support your local places! This world is becoming highly globalised not only where the rich get richer but the TOP stores and shops get richer too. As a community, we need to start supporting the local businesses that have great quality products and services to. We need to be more friendly to each other and help spread awareness to the small but great man. This will help stimulate the local economy and bring on more job creation and economic growth. #3: More investments in education Education is key to help bring personal development and skills training. We need to educate our fellow people on business skills, high income skills, programming, AI, machine learning, savings, risk averse investments and encourage more businesses to help grow. #4: Save more to invest more When inflation is high it means people were spending uncontrollably which pushed up demand and lowered supply. Instead, we should encourage more savings in stocks, property, trading, funds, and personal finances to reduce the effects of inflation. Instead of drinking sorrows away, spending on games to bide time – focus on less spending and more saving for the future – reducing the debt levels. #5: Invest in renewable energy Load Shedding is here to stay. And so we need to try to support more renewable energy initiatives that come about. Solar, wind and gas. This will definitely help reduce the cost of energy and curb inflation. As I said, we can only do our part and hope for the best. We are a nation with hope, optimism and trust. But instead of just trusting the government we should also learn to support and trust our local businesses and methods to living a better life. Hope that helps.
ECONOMICS:ZAIRYYEducation
by Timonrosso
5 Reasons why others trade VS why I tradeIn the last 20 years, I always love asking this one question. “Why do you want to trade?” Have you ever written down the reasons why you want to become a trader and what your true motivations are? When you answer this question, only then you’ll become more clear with the goals you wish to achieve and how to achieve them. Here’s one clichéd answer, I don’t want you to write down… “I want to make money”. This answer is lazy, impersonal and it tells you and me nothing about who you are truly, deeply and emotionally. If you think trading only teaches you one aspect of your life… I believe your eyes are still yet to be opened with the incredible possibilities that trading will bring you. And so, in this article I’m going to share a few reasons for why people want to trade. And then, I’ll share a few reasons why I trade… Here are 5 reasons why people want to trade… Reason #1: Diversification “I want to diverse my portfolio with different asset classes. This way I can produce a stream of income through long-term investing via stocks and property, short term trading with Premium MATI Trader and medium term investing through index ETFs.” Reason #2: Hobby “I have spare time and money. And what better way than to spend my time trading and making an extra income while doing something I love?” Reason #3: Monetizing my ‘down-time’ “I’ve earned the same income for the last seven years and now I want to earn an extra income during my off-hours too. For the first time in my life, trading has helped me make money while I’m watching Netflix and spending time with my wife”. Reason #4: Invest for my family and kids “Most people depend on portfolio managers and hedge funds to invest their money for their family. I’ve decided to trade the funds I have for my kids instead and take control of the growth of their inheritance through trading.” Reason #5: Keeps me sharp and well-informed “Trading might not be making me super rich yet, but I got to tell you this. It is keeping my brain sharp, well-informed and helps with my skills with decision making.” These are some of the reasons I’ve heard, which have stuck. Now I want to share with you five extra reasons why I trade… 5 Reasons why I trade! My reason #1: FREEDOM – Earn your own income when you want I want the freedom to trade and build an income stream on my own terms, times and conditions. My reason #2: Independence – Be your own boss Trading gives me the platform where I am responsible for my own trading results. This gives me full independence where I take pride with my own financial decisions. It gives me the place where I can grow my portfolio in a way that suits my personality and risk profile to a T. My reason #3: Extremely fun – New career Trading is not a job… This means, you don’t have to do it… But rather it’s an extremely productive and fun hobby to make your free time work for you. This hobby is not like sports or gym where your reward is more on the physical side. Trading is where you gain many different mental skills and bank a consistent income once you get it right. My reason #4: Mind control – Control your emotions Trading well means you have to lose at times. and when you do, you need to be able to cut out the ego and ‘baby tantrum throwing side’ away. You learn to grow up, develop a thicker skin and become a mature trader. This is one of the greatest benefits to learning to trade. It gets to the point where, after you’ve taken hundreds of trades, whether you take a loss or bank a profit, you’ll stay content. You embrace failure with open arms, because you know that it’s one step towards winning. My reason #5: Life skills – You learn risk, rewards and probabilities Once you have mastered the four elements to trading success (Markets, Methods, Money and Mind) you develop a very strong understanding of concepts like: Risk & reward management and probabilities. This won’t only apply to trading but to almost every aspect in your life. You start taking accountability of events into your life. Predictions turn into probabilities. Risk evolves into calculated acceptance. And you start to see things as they are, rather than what you want them to be… SO WHY DO YOU WANT TO TRADE?
JSE:J200Education
by Timonrosso
1
DRD target reached at R14.12 next stop R17.63Target 1 Reached at R14.12 from the previous analysis. Now there is a Rectangle formation and on the bigger side of things a Larger Rounding Bottom. We just need to wait for the breakout. 7>21>200 - BULLISH (Green background) RSI >50 - Green New target R17.63 GENERAL INFO DRDGOLD (Founded in 1895 in JHB) is the largest producer of surface gold tailings in the world. The company operates two gold plants, the Ergo plant, and the Far West Gold Recoveries (FWGR) plant, which process gold from surface tailings. The company's main products are gold and uranium. Its main operations are located in the Witwatersrand Basin, which has been the site of some of the world's largest gold mines. What's great is DRDGOLD has implemented a number of initiatives to minimize its environmental impact, such as the use of cyanide-free technology.
JSE:DRDLong
by Timonrosso
2
OCEANA swimming to our target of R76.00 Since our last Trade Update with Oceana, the market is still on track to R76.00. The Quazimodo Inv Head and Shoulders seems to be working, but taking its damn time. Also we have stronger bullish confirmation signals like 7>21 Price >200 RSI >50 All great signals for upside momentum Here's general information about Oceana. Oceana (founded in 1887 and headquartered in Cape Town) is the largest fishing companies in South Africa and largest fish canned company. It is involved in the harvesting, processing, and marketing of fish and fish products. They operate a fleet of over 20 vessels and exports products to over 50 countries world-wide. The company's main species of fish include hake, sardines, and anchovy. And is involved in fishmeal and fish oil production. Their main brands are Lucky Star, Oceans, and Klipkop.
JSE:OCELong
by Timonrosso
Redefine looking ripe for the picking to R5.00 since Nov 2021! Redefine has been coming down since November 2021. The channel was strong and continuous. That was until last year, where the price finally broke up and out of the channel. This entered into a sideways consolidation range -hence creating a Symmetrical Triangle. We are still in undecided mode and so we'll need to wait for a breakout before buying. 7 =21 - Undecided Price>200MA - Bullish RSI - Bullish divergence Target R5.00 GENERAL INFO Redefine Properties is a South African Real Estate Investment Trust (REIT) that is listed on the JSE in good 'ol Jozie. The company owns and manages a diverse portfolio of commercial and retail properties in South Africa, as well as in other countries such as Australia and Poland. Its portfolio includes office buildings, shopping centres, industrial properties, and hotels. Some buildings you might know owned by redefine are: Shopping Centers: Eastgate Shopping Centre in Johannesburg The Glen Shopping Centre in Johannesburg Tyger Valley Shopping Centre in Cape Town Hotels: The Capital Mirage Hotel in Sandton, Johannesburg The Capital Pearls Hotel in Sandton, Johannesburg The Capital Empire Hotel in Sandton, Johannesburg Office buildings: The Capital on the Park in Sandton, Johannesburg
JSE:RDFLong
by Timonrosso
5 Signs You’re Doing GREAT As A TraderMoney should not tell you how well or bad you’re doing as a trader. Percentages should reveal that all. It’s all RELATIVE. And so, in this TradingView piece, you’re going to go through a five signs checklist to see how well you’re doing as a trader. Sign #1: You have a personal trading strategy Do you know what: System you’re going to use to enter and exit your trades? Markets you’re going to choose? and Risk management principles you’re going to follow? And have you found that system that matches your personality and time preferences? If so… AWESOME! Tick it off the list. Sign #2: You’ve developed realistic trading goals Once you’ve got your trading strategy in a bag, you should have all your goals written down. Have you jotted down your trading strategy, stats, goals and expectations? This is your game plan that you’ll need to follow when you trade. You need to see what kind of outcomes you’re going to have with your trading. • How many trades will you take per year? • How many winners can you expect? • How many losers will you take? • What is your win rate? • What % of your portfolio will you expect to achieve? Sign #3: You’ve experienced a bad trading patch I feel this is the initiation side to getting to a higher level as a trader. When you have the strategy and goals in a bag, you’ve got to then put it all into play. And during this time, there’ll be once or twice a year a couple of weeks where you’ll go through a bunch of losing trades. If you have the right money management principles, you should be able to EASILY weather through this time. The markets move up and down and sideways… And during one of these periods, it will NOT fit well with your system. But let me tell you this, once you’ve gone through your drawdown period, and the markets become more favourable. It is the most exhilarating feeling, for your portfolio to make new highs once again. Go through this my friend, and you’ve ticked off another sign you’re doing GREAT. Sign #4: You continue to EVOLVE Sure, the trading strategy might not change. The risk management side won’t change. But there are a few things that will change, that you’ll need to adapt into your trading. First, markets, stocks and currencies are unlisting and listing ALL the time. And your trading strategy requires a watch list that works best with your system. So, you have to evolve to dump and add markets into your watch list that complement your trading strategy. You might also find a technique to increase your win rate and ride your winners up. If you can evolve as a trader, TICK it off the list. Sign #5: You are INDEPENDENT Do you care about your family, friends, pets and strangers opinions on the trades you take or have taken? No? GOOD! Tick it off the list. Nobody in this world, can tell you what to is right to buy or sell according to the strategy you use. You have the stats, you have the goals and you have your game plan. So how did you do? Trade well, live free... Timon (Financial trader since 2003)
JSE:J200Education
by Timonrosso
Mustek has formed a W 1st Target - R19.09 New name W-ustek!Mustek has formed a W Formation and had broken up and out of the neckline 7>21 (Bullish) and Price >200 SMA (Green) RSI>50 and plodding nicely up (Green) Bullish momentum Target R19.09 GENERAL COMPANY INFO Mustek operates in the technology and electronics sector and is one of the largest distributors of IT products in South Africa. The company's product portfolio includes computer hardware, software, and consumer electronics. You'll find a whole bunch of top brands at Mustek shops including Acer, AOC, ASUS, Brother, Canon, Dell, Epson, Fujitsu, HP, Lenovo, Lexmark, LG, Samsung and many more. The company has a number of subsidiaries, including Mustek Systems and Mustek PowerSure.
JSE:MSTLong
by Timonrosso
JSE ALSI showing strong upside thanks to China & January EffectJSE has been forming a fantastic Cup & Handle since March 2022. The price broke up and out of the brim level and I want long and bought it. 7>21 (Bullish) Price >200SMA (Bullish) RSI >50 (Green back) Bullish The first target is 83,209 It seems like despite the economic crisis with load shedding, water outages - The rand has gone up a bit since inflation slowed at 7.2%. Naspers and Prosus are also helping the JSE head on up with the run up on China since the Covid restrictions. I guess the January Effect is still strong and we should continue seeing upside to come - touch wood. Trade well, live free... Timon
JSE:J200Long
by Timonrosso
BEFORE and AFTER Each Trading Day you shouldA game-plan is a must, to see a potential goal, dream or vision. You got to have a proper POA (Plan Of Action) and execute. Whether it’s selling property, building a business, playing a sport or growing your wealth. You need a BEFORE plan and AFTER plan. Same with trading. You need to have a trading plan BEFORE and AFTER each trading day. BEFORE Each Trading Day: 1. Know the main market’s trend direction The first thing I want to know is, what the main market’s trend direction is. Plot the resistance (ceiling) and support (floor) levels, so you know whether they are in an up, down or sideways trend. If up – look for longs (buys) If down – look for shorts (sells) If sideways – look for potential breakout levels. 2. Scan through your watchlist Once you know the main market’s trend direction, have a quick scan through your watch list (markets you trade). Orientate yourself with where the markets are heading and whether trades are lining up. This way, you won’t go into the trading day blindly. 3. Write down high probability trade setups You know the main market’s trend direction, and have an idea of where the markets are heading – now you can plot your trade ideas. Go through the watch list again, and write down any potential trade setups (with your written entry, stop loss, take profit and reasons for entering the trade). 4. Choose your TRADES for the day Just because you have written down trade setups, doesn’t mean you need to take every one of them. Instead, look at which ones which will yield a better probability at working out and has a better chance at winning. All done before the trading day has even begun… AFTER Each Trading Day 1. Journal every trade When the markets’ have closed, and you have time to breathe, go to your trading journal and jot down the trade/s you took for the day. Each entry should have the (Market name, date, type, margin, entry, stop loss, take profit and reason for entry). 2. Outline lessons of the day If you’re just starting out or you’ve been in the markets for less than five years, I suggest this extremely useful step. Write down any market lessons you learn for the day. Here are some lessons you can write down: How the market reacted to a news event How you felt taking a trade or holding onto current trades Mistakes of the day you learnt or made Trading lessons that you want to incorporate into your trading… Write these lessons down, as they will forever be part of your experiences to become a successful trader. 3. Re-check & confirm your open trades This is extremely NB*. Make sure your entry, stop loss and take profit levels are still in the trading platform with all open trades, at the end of the day… Sometimes, brokers have certain glitches in their systems, that can remove your trading levels (automatically). It happens on a continuous basis and it’s our job, to make sure everything is running smoothly and our levels are still in place. 4. Quick scan your watch list & look for potential trades for tomorrow Last action you can take for the day, is preparing for tomorrow. Go through your watch list, look for the next batch of trade setups and write them down. This is so you know what to do for the next day… Trade well, live free. Timon
JSE:J200Education
by Timonrosso
Investec still showing great upside to come to R120.57 Falling Wedge is still in play with Investec. We see 7>21 SMA - Bullish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R120.57 General Info: Investec is a South African-based financial services company listed on the (JSE) in 2002.It operates not only in SA but also in the United Kingdom, and Australia and has a wide range of services including banking, wealth and investment management, and asset management. There are also investment options including equity and fixed income funds, private equity, property and infrastructure funds.
JSE:INLLong
by Timonrosso
City Lodge looking great for upside to R6.46Cup and Handle - Retest 7>21 SMA - Bullish Price >200 Bullish RSI >50 broken Neg Div. Target R6.46 General Info City Lodge (JSE:CLH) is a South African-based hotel group listed on the JSE in 2000. It operates in variety of hotels across South Africa, including the City Lodge Hotel, Road Lodge, and Town Lodge brands. You'll find the hotels mainly in SA (Johannesburg, Cape Town, Pretoria, Durban, and Port Elizabeth). But I believe it also has hotels in other parts of Africa like Botswana, Namibia and Mozambique.
JSE:CLHLong
by Timonrosso
Afrimat retesting Cup and Handle - Target R68.55 7>21 SMA - Bullish Price >200SMA - Bullish - Green background Cup and Handle has formed and the price has recently retested the Brim Level. RSI >50 (Green background) - and is showing higher lows - Bullish First target is R68.55 This also is showing upside as the local resource market continues to move up in 2023. General Info Afrimat is an acronym for "African Material Supplies", which is where the company got its name from. The name is reflective of the company's focus on providing industrial minerals and construction materials to customers throughout Africa. It specialises in mining and supply of industrial minerals, including construction materials such as aggregate, sand, and granite. It operates in certain places in South Africa like Western and Eastern Cape, KwaZulu-Natal, and the Free State.
JSE:AFTLong
by Timonrosso
Merafe heading to target 1 and already have Target 2 in mind New Cup and handle has formed on Merafe following the Old one in 2022 Target 1 at R145 and now a new target of R1.66 Price >200MA first time since Sep 2022 Some info on Merafe Merafe Resources is a South African company that is primarily engaged in the mining and production of ferrochrome, which is an alloy of chrome and iron used in the production of stainless steel. Resources is on a nice uptrend in the start of the year including AGL, BHG, ANG, GOLD and JSE:RES. Which I am long pretty much all of them. Now since 2003, I have had a secret with Merafe. I buy at 60 cents and sell at R1.20... I've been doing it ever since and it's worked like an absolute charm. Touch wood though now that you know my secrets!
JSE:MRFLong
by Timonrosso
ARI stunning Cup and Handle target to R340Cup and Handle has formed very nicely on the weekly chart. We've also had a strong breakout, confirming from the open of the candle. The moving averages are bullish 7 > 21 >200 RSI >50 - higher lows Bullish Target 1 - R340.00 Here's some information about the company to those who are international: African Rainbow Minerals (JSE:ARI) is a diversified South African mining company that was founded in 1997. The company has operations in the coal, platinum, manganese, chrome, iron ore, and copper industries, among others. ARM is listed on the Johannesburg Stock Exchange and is one of the largest mining companies in South Africa. It is also involved in various social and environmental initiatives in the communities where it operates.
JSE:ARILong
by Timonrosso