Agbalowomeri:


Even if you are solely using FA, TA will maximize your efficiency. I think some people think TA is computer programming 😂

LOL, I forgive you, because they say ignorance is bliss. You show Ichimoku and RSI here; did you do it with pen and paper? Don't you know you're running a program when you use your fancy technical analysis? What if I prefer running my technical analysis on programs I wrote myself, huh?

For your mind you think you are funny, LOL.

Funny niggaz full here.

So u nk know say yMcy56 na 👨 man according to Oga Agbalowomeri.
My proposal was declined by the way.
😆 🤣 😂

megawealth01:
Everything you said is VALID unless the fact that you dodged giving mcy the 500k UCAP you promised her...

Agreement is agreement oooooo

ositadima1:


LOL, I forgive you, because they say ignorance is bliss. You show Ichimoku and RSI here; did you do it with pen and paper? Don't you know you're running a program when you use your fancy technical analysis? What if I prefer running my technical analysis on programs I wrote myself, huh?

For your mind you think you are funny, LOL.

You are actually steps ahead of the pack by writing programs that can analyze the NGX. Those that trade forex are used to hearing "bots" trading. Those are actually programs. Though NGX may not be ready for such tech yet, there's no harm in being a pathfinder in that field.

chillykelly86:


You are actually steps ahead of the pack by writing programs that can analyze the NGX. Those that trade forex are used to hearing "bots" trading. Those are actually programs. Though NGX may not be ready for such tech yet, there's no harm in being a pathfinder in that field.

What's funny is the ignorance some people show here. You're trying to make fun of me over something that you use all the time. From you posting this here to booting up your phone, everything is run by programs. Almost all we do these days involves programs written by other people.

Like I said, I forgive his ignorance.

ositadima1:


LOL, I forgive you, because they say ignorance is bliss. You show Ichimoku and RSI here; did you do it with pen and paper? Don't you know you're running a program when you use your fancy technical analysis? What if I prefer running my technical analysis on programs I wrote myself, huh?

For your mind you think you are funny, LOL.

Ooosiiii you understand what I mean. Doing a point and click is different from writing codes. Some people are scared off when they see charts and graphs thinking it's complicated stuff.

Good job you are doing with your tools. I did stuffs like that long time ago. Now I am grey😂

ositadima1:


What's funny is the ignorance some people show here. You're trying to make fun of me over something that you use all the time. From you posting this here to booting up your phone, everything is run by programs. Almost all we do these days involves programs written by other people.

Like I said, I forgive his ignorance.

Why do you think the post was directed at you? Because I mentioned computer programming? Be calming down. "Computer programming" was to emphasize "complicated". Please read the context before you respond

Mankind2024:
So u nk know say yMcy56 na 👨 man according to Oga Agbalowomeri.
My proposal was declined by the way.
😆 🤣 😂

Really

No joke oooooo... Be serious

Agbalowomeri:


Why do you think the post was directed at you? Because I mentioned computer programming? Be calming down. "Computer programming" was to emphasize "complicated". Please read the context before you respond

I wanted you to bleed. You have, I am happy now.

ositadima1:


LOL, I forgive you, because they say ignorance is bliss. You show Ichimoku and RSI here; did you do it with pen and paper? Don't you know you're running a program when you use your fancy technical analysis? What if I prefer running my technical analysis on programs I wrote myself, huh?

For your mind you think you are funny, LOL.

He wasn't referring to you at all..
I think you probably read out of context.
His comment was just a follow up to @willie2015.

and I just happen to fall in that category that think TA is a bit complex like Programming

If not anything, credence was even inferred and given to your programming method as more advanced not belittled in the slightest.

not a call for "ignorance" as you put it.
#Peace.

chimex38:

He wasn't referring to you at all..
I think you probably read out of context.
His comment was just a follow up to @willie2015.

and I just happen to fall in that category that think TA is a bit complex like Programming

If not anything, credence was even inferred and given to your programming method as more advanced not belittled in the slightest.

not a call for "ignorance" as you put it.
#Peace.

My guy, relax, you didn't get the joke. No dey cover for anybody. They go disappoint you o, last last.

ositadima1:


I wanted you to bleed. You have, I am happy now.

Oosii how many times I call you
No dey carry old man for jump

Willie2015:


You need chart ...
to guide your entry ... and exit points
Moving Average... Bollinger Bands...RSI ..Japanese Candlesticks etc are not complex...
My 2 cents

He might not need a chart if he has done his homework, has a good understanding of the fair value of the business, the business is selling at a discount, there is a generous margin of safety and he is planning to hold for 5 years and above based on his understanding of the business.
He might miss good opportunities to accumulate if waiting for the right signals.


By the way Warren Buffett does not use charts

Mankind2024:
A motivation for new members.
The Nigerian market is full of ups and downs.
1. Don't time the market like Oga Agba; you'll miss out on the best days in the market.
2. Wealth is transferred from impatient to patient investors - be patient.
3. Stay current in the market like NSEMPA members.
4. Information is key to value investing.
5. Investing is simple; you don't need to master complex charts - you're not a trader. Trading is difficult in NGX due to relatively low liquidity.
6. Set SMART goals; they're achievable.
7. Ask questions; many are willing to help.
8. Be consistent; avoid FOMO syndrome.
9. Seize the day after due diligence; don't wait for others' approval.
10. Ignore discouraging comments from friends and family.
11. Equity investment proceeds can purchase your dream real estate.
12. Don't invest emergency funds in equity; the risks outweigh the benefits.
13. Don't regret selling underrated stocks; it happens to all investors.
14. Knowing when to sell can be challenging due to emotional attachment.
15. Prepare for red days, which come as market corrections (<10% downward in market value), bearish potential (<20% downward), or the black market day (massive sell-off due to bad news or government policies). Portfolio diversification is the 🔑 keyword, NCA 17. NCA, Naira Cost Average in quality stocks can be rewarding. It keeps your portfolio greenish, otherwise you remain in red zone.
16. Choose your broker wisely. Brokerage fees at the point of purchase can significantly erode your gains. For example:
- 0.4% commission on N1M is N4,000 (Citi Trader)
- 0.5% commission on N1M is N5,000 (Morgan)
- 1.35% commission on N1M is N13,500 (others)
*****Excludes VAT, SEC, and CSCS alert fees***

@11, equity proceeds dey purchase real estate very well.


@12, what do you think is an appropriate emergency reserve fund based on income and expenses?

Behind every stock there is a business. Peter Lynch.

ositadima1:


My guy, relax, you didn't get the joke. No dey cover for anybody. They go disappoint you o, last last.

Oh, Ok.. Probably didnt get the joke.
I take it back then..
#Peace

Understanding the business behind the stock will go a long way in building lasting wealth through the stock market

When making strategic stock purchase, what the investor does is to have a price range and time frame


Eg , Abdul will be buying 2 million units of United Capital shares for between N18 and N21 between now and 31st December 2024.

Investor using Naira Cost Averaging don't use the chart

But if you are a trader, chart is a necessary tool

emmanuelewumi:
Behind every stock there is a business. Peter Lynch.

Unfortunately majority of stock market traders and investors know a lot about stocks but very little about the businesses behind the stocks

I think emergency reserve fund should be equivalent to 2 months income or 4 months of living expenses whichever is higher.

But that is asking for too much in this Tinubu era

emmanuelewumi:



He might not need a chart if he has done his homework, has a good understanding of the fair value of the business, the business is selling at a discount, there is a generous margin of safety and he is planning to hold for 5 years and above based on his understanding of the business.
He might miss good opportunities to accumulate if waiting for the right signals.


By the way Warren Buffett does not use charts

I stand with this one.The TA thing sometimes makes it look like you are trying to time the market. If you have fundamental sound stocks. I prefer you use the quarterly results as guide to your entry. Like wapco presently. I have a buy for now.I have been looking if it will dip to 35 or less but it has been hovering around 37.And I know if q3 results which is my target comes well .I may not see it at 37 again unless the fundamental changes for bad.So do I wait to buy at 30 as TA pointer and likely miss out if q3 comes out solid. This happened in preseco and total. I will not wait .I will rather be picking in small batches of dip below 37.This is how I operate my own on any stock I see giving me 50% in a targeted time.And my purchase time target is September as per end of q3 in mind

Streetinvestor2:
I stand with this one.The TA thing sometimes makes it look like you are trying to time the market. If you have fundamental sound stocks. I prefer you use the quarterly results as guide to your entry. Like wapco presently. I have a buy for now.I have been looking if it will dip to 35 or less but it has been hovering around 37.And I know if q3 results which is my target comes well .I may not see it at 37 again unless the fundamental changes for bad.So do I wait to buy at 30 as TA pointer and likely miss out if q3 comes out solid. This happened in preseco and total. I will not wait .I will rather be picking in small batches of dip below 37.This is how I operate my own on any stock I see giving me 50% in a targeted time

What if we enter a general bear market?

Agbalowomeri:


What if we enter a general bear market?

This is generally what will likely happen to all stocks. I will be surviving with dividend from a good business. And when the cycle ends.Then the bull will come.And sound stocks /good business always take the lead when recovering starts. I have experienced it in many stocks like ucap,okumu. My ucap was at BE of #1 presently..The past dividend from it is over #5 paid to me.Okumu was at #50 Cross deal arranged by my broker then.My dividend from it is over #30 paid so far on it.I have plenty like that oh

Agbalowomeri:


What if we enter a general bear market?

Income investors make more money in a bears market, bear market reduced the average cost price of a strategic stock buyer.

emmanuelewumi:



Income investors make more money in a bears market, bear market reduced the average cost price of a strategic stock buyer.

That's if the person still gets money to invest Lol

emmanuelewumi:



Income investors make more money in a bears market, bear market reduced the average cost price of a strategic stock buyer.

Yes. I forgot to say.i try to average down on sound stocks because the bear in stocks market sometimes does not really affect the expected revenue/dividend of the business
if the bear do come as result of economic happenings .We go still reason the matter

Agbalowomeri:


That's if the person still gets money to invest Lol

Why won't you have money. Will your salary or cash flow from active businesses stop coming because of bear on nse .whr you not making money during covid still.I have friends who set standards that they must make investment every Yr no matter how small for every Yr.Even if na village land they buy

On another note.Your TA style is not even easy. It is more like you want to time the market perfectly

Streetinvestor2:
Why won't you have money. Will your salary or cash flow from active businesses stop coming because of bear on nse .whr you not making money during covid still.I have friends who set standards that they must make investment every Yr no matter how small for every Yr.Even if na village land they buy

Imagine investing 100% of your portfolio during bear. Pipe dream shey😂

Agbalowomeri:


Imagine investing 100% of your portfolio during bear. Pipe dream shey😂

That won't be bad if you can perfectly predict when the bear will happen and how long.

What is your TA price now for wapco. Can you check that so we can compare after q3 results and if it will hit that target the time if it ever happens

Streetinvestor2:
That won't be bad if you can perfectly predict when the bear will happen and how long.

What is your TA price now for wapco. Can you check that so we can compare after q3 results

I rarely track individual stock unless it's diverging from the general market. I track more of the indices

Agbalowomeri:


I rarely track individual stock unless it's diverging from the general market. I track more of the indices

Can that correctly tell when the next bear will happen