Reviewing a cracking 3 months of trade ideas
By Garth Mackenzie (12 April 2024)
It’s been 3 months since the new TradersCorner.London website was officially launched and I decided to take a look back at all of the trading calls made in 2024 to date.
Those of you who know me and have followed my work for a long time will know that I’m generally humble and won’t blow my own trumpet. I know just how quickly the market can humiliate arrogance. But I can’t help being pleased with the trading calls that I’ve published so far this year.
23 actionable trading ideas
19 winners
4 losers
That’s an 83% win rate.
Why am I sharing this information with you? Because I want you to know that TradersCorner is still churning out quality analysis and sharing actionable trading ideas whenever they pop up.
Some things have changed. We’re charging in GBP now and the price has increased. That may have put some people off. But at less than R500 per month (£19.90 on a monthly auto-renew subscription), I still maintain that is excellent value for money. (£1 per day, or less than the price of a cappuccino from Tashas, and way, way less than a Cappuccino from Starbucks)
You get a Daily Desk Journal report each day with actionable trade ideas when they appear.
You get a forum to ask questions and chat with other traders.
Once a week you get an SA Watchlist of JSE stocks setting up for potential trades.
Once a week you get an International Watchlist of US stocks setting up for potential trades.
Once a month, we update our “Stocks in the Vault” long term share portfolio.
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Here’s a review of all 23 actionable trade ideas that we’ve shared with subscribers since the start of 2024, winners and losers:
9 January 2024: Harmony Gold. Buy weakness to 50dma.
4 March 2024: Harmony Gold setting up for a breakout above R120.
8 January 2024: Mondi historically stretched from 50dma. Likely to mean revert lower.
9 January 2024: Platinum shares vulnerable to weakness.
But we don’t get them all right…..
11 January 2024: Spar setting up to break above R120.00.
12 January 2024: Stor-Age setting up a wedge. Break higher coming?
23 January 2024: Naspers, stretched below 50dma. Mean reversion rally coming?
24 January 2024: Mr Price setting up for a breakout above R160.00
This one fizzled out for breakeven…
30 January 2024: Growthpoint set to play catch-up with peers?
6 February 2024: Reinet set to break higher after recent consolidation.
12 February 2024: Brent Oil setting up for a break above $84.00.
14 February 2024: AngloGold heading back down to R300? (That didn’t happen)
27 February 2024: XLE Energy ETF setting up for a breakout above $86.00.
5 March 2024: Bidvest historically slips lower after a push post March earnings. Watch for a gap close.
11 March 2024: Kumba looking vulnerable to breaking lower.
13 March 2024: Firstrand vulnerable to breaking lower through descending triangle.
14 March 2024: Brent Oil on the cusp of a breakout.
19 March 2024: Capitec. Buy weakness on flush of 50dma and reversal up.
20 March 2024: Aspen, buy dip to R205.00 as price retests breakout.
22 March: Bidcorp. Buy breakout above R460.00.
2 April 2024: Sasol finally turning. Time to buy.
4 April 2024: Platinum shares showing green shoots. Higher targets.
9 April 2024: Grindrod. Buy into weakness to 50dma after ex-dividend.
23 trading calls in 3 months.
19 winners.
4 losers.
Obviously past performance is no guarantee of future performance. But what I can guarantee is that I’ll keep looking for setups like these, and publish them for subscribers when I see them.
Happy trading
Garth Mackenzie
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