Economy
Effective Trading Tips That Will Help You Survive In A Volatile Market
The world of trading is quite exciting and dynamic. Many traders can relate to the adrenaline rush they get from the thrill of staking high amounts of capital in adventurous trades and the overwhelming joy that permeates their entire being when such trades come back successful with heavy profits.
Trading is also very risky. This is because the trading market can also be very volatile. As a result of this one has to be on his toes if he wants to successfully trade and survive the trading market. To help you do this are a couple of trading tips that are quite effective. They include:
- Don’t Stop Learning
One of the most effective tips that would help you successfully trade and survive in such a volatile market as this is that you should not stop learning.
No matter how much you know about trading, no matter how good you have become or how deep you have gone in your study about the rudiments of your profession if you are going to survive the turbulent waters of today’s trading world you need to maintain the heart posture of a student.
This is because the market is so volatile right now and the methods to combat challenges and make a profit are so dynamic hence you need to constantly study to be on top of the market’s volatility and develop strategies that would help you overcome challenges.
One of the best ways to ensure you continue to learn new strategies is by registering for a trading class and taking this tutorial is highly beneficial given the fact that you can do all your learning online and at your own pace. This would ensure that you can learn effectively without disruption to your normal schedule.
- Be Vigilant
This doesn’t even sound like a tip because it seems like the most obvious thing that every trader should know to do but at this point, it is worth reiterating. For you to succeed and survive in such a volatile trading market as this, you need to be extremely vigilant.
The importance of being vigilant as a trader cannot be overemphasized. The market is described as volatile for a reason. Predictions can go so haywire and cause traders to scatter at any time. Trading instruments can go from bullish to bearish in a matter of minutes and seconds. The market is so dynamic in its operations that a brief period of negligence can cost you your profit and many times even your capital.
For these reasons you always have to keep your ear on the ground. You need to constantly be in touch with your broker and keep an active eye on your trades until they are all done. While doing these ensure you also look out for what experts are saying and monitor even the smallest fluctuations. These would ensure you do not miss anything and that you are in a good position to act profitably.
- Do Not Trade-In Isolation
One of the best tips you can receive that would enable you to survive in a volatile trading market is that you should not trade alone, rather you should trade with others.
No matter how good and successful you are as a trader, it is advisable for you to not handle your trades all on your own. There is a greater level of security and precision available to you when you find yourself in the company of other traders than what would have been afforded to you if you were alone.
Trading within a community gives you access to tips that you may not have gotten on your own and give you a broader perspective of where the market is headed.
Not only that, surrounding yourself with fellow traders would give you more motivation and confidence to make some certain trades and there is no doubt that you would learn a couple of new things that you may never have known before. All these would make you a better trader and help you survive a volatile trading market.
The world of trading is not a walk in the park, it is a very risky and serious business. Investments worth millions of dollars easily get lost daily, due to tiny mistakes or lapses in judgment.
Surviving the volatile trading market is not an easy task. However, it is also not impossible to do. If you never stop learning new strategies and methods of trading and you are constantly in a state of vigilance whilst surrounding yourself with several fellow passionate traders, then you are going to successfully navigate through the treacherous waters of the trading market.
By Modupe Gbadeyanka
The federal government has been asked by the Nigerian Bar Association (NBA) to suspend the implementation of the controversial tax laws.
In a reaction to the tax reform acts, the president of the group, Mr Afam Osigwe (SAN), the suspension of the laws would allow for a proper investigation into allegations of alterations in the gazetted and harmonised copies.
A member of the House of Representatives, Mr Abdussamad Dasuki, alleged that some parts of the laws passed by the parliament were different from the gazetted copy.
To address the issues raised, the NBA said it is “imperative that a comprehensive, open, and transparent investigation be conducted to clarify the circumstances surrounding the enactment of the laws and to restore public confidence in the legislative process.”
“Until these issues are fully examined and resolved, all plans for the implementation of the Tax Reform Acts should be immediately suspended,” the association declared.
It noted that the controversies “raise grave concerns about the integrity, transparency, and credibility of Nigeria’s legislative process.”
“These developments strike at the very heart of constitutional governance and call into question the procedural sanctity that must attend lawmaking in a democratic society,” it noted.
“Legal and policy uncertainty of this magnitude has far-reaching consequences. It unsettles the business environment, erodes investor confidence, and creates unpredictability for individuals, businesses, and institutions required to comply with the law. Such uncertainty is inimical to economic stability and should have no place in a system governed by the rule of law.
“Nigeria’s constitutional democracy demands that laws, especially those with profound economic and social implications, emerge from processes that are transparent, accountable, and beyond reproach. Anything short of this undermines public trust and weakens the foundation upon which lawful governance rests.
“We therefore call on all relevant authorities to act swiftly and responsibly in addressing this controversy, in the overriding interest of constitutional order, economic stability, and the preservation of the rule of law,” the organisation stated.
By Adedapo Adesanya
Demand for hot stocks, including MRS Oil Plc, buoyed the NASD Over-the-Counter (OTC) Securities Exchange by 0.52 per cent on Tuesday, December 23.
The energy company was one of the three price gainers for the session as it chalked up N19.69 to sell at N216.59 per share versus the previous day’s value of N196.90 per share.
Further, FrieslandCampina Wamco Nigeria Plc gained N2.95 to close at N56.75 per unit versus N53.80 per unit and Golden Capital Plc appreciated by 84 Kobo to N9.29 per share from Monday’s N8.45 per share.
Consequently, the market capitalisation went up by N10.95 billion to N2.125 trillion from N2.125 trillion and the NASD Unlisted Security Index (NSI) rose by 18.31 points to 3,570.37 points from 3,552.06 points.
Yesterday, the NASD bourse recorded a price loser, the Central Securities Clearing System Plc (CSCS), which gave up 17 Kobo to close at N33.70 per unit against the previous trading value of N33.87 per unit.
The volume of securities traded at the session went down by 97.6 per cent to 297,902 units from the previous day’s 12.6 million units, the value of securities decreased by 98.5 per cent to N10.5 million from N713.6 million, and the number of deals remained flat at 32 deals.
By value, Infrastructure Credit Guarantee Company (InfraCredit) Plc ended as the most actively traded stock on a year-to-date basis with 5.8 billion units exchanged for N16.4 billion. This was followed by Okitipupa Plc, which traded 178.9 million units valued at N9.5 billion, and MRS Oil Plc with 36.1 million units worth N4.9 billion.
In terms of volume, also on a year-to-date basis, InfraCredit Plc led the chart with a turnover of 5.8 billion units traded for N16.4 billion. Industrial and General Insurance (IGI) Plc ranked second with 1.2 billion units sold for N420.7 million, while Impresit Bakolori Plc followed with the sale of 536.9 million units valued at N524.9 million.
By Dipo Olowookere
It was another bullish trading session for the Nigerian Exchange (NGX) Limited as it closed higher by 0.59 per cent on Tuesday.
The market further rallied due to continued interest in large and mid-cap stocks on the exchange by investors rebalancing their portfolios for the year-end.
Yesterday, Aluminium Extrusion sustained its upward trajectory after it further appreciated by 9.96 per cent to N14.90, as Austin Laz gained 9.81 per cent to close at N2.91, Custodian Investment improved by 9.69 per cent to N38.50, and First Holdco soared by 9.35 per cent to N50.30.
Conversely, Royal Exchange declined by 7.22 per cent to N1.80, Champion Breweries shrank by 6.57 per cent to N15.65, NASCON lost 5.36 per cent to trade at N105.05, Sovereign Trust Insurance depreciated by 5.28 per cent to N3.77, and Japaul went down by 4.51 per cent to N2.33.
At the close of business, 29 shares ended on the gainers’ table and 27 shares finished on the losers’ log, representing a positive market breadth index and bullish investor sentiment.
This raised the All-Share Index (ASI) by 895.06 points to 153,354.13 points from 152,459.07 points and lifted the market capitalisation by N579 billion to N97.772 trillion from the previous day’s N97.193 trillion.
VFD Group finished the day as the busiest stock after it recorded a turnover of 192.0 million units worth N2.1 billion, GTCO exchanged 63.5 million units valued at N5.6 billion, Access Holdings traded 49.8 million units for N1.0 billion, First Holdco sold 45.8 million units valued at N2.3 billion, and Secure Electronic Technology transacted 38.3 million units worth N28.4 million.
In all, market participants bought and sold 677.4 million units valued at N20.8 billion in 27,589 deals compared with the 451.5 million units worth N13.0 billion traded in 33,327 deals on Monday, showing an improvement in the trading volume and value by 50.03 per cent and 60.00 per cent apiece, and a shortfall in the number of deals by 17.22 per cent.
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