Check out their performance:
Odwa Magwentshu was once a mechanical engineer and now a self-taught trader in the forex space. Understands what it takes to get started in the markets with no background experience to making profits in the markets. From a small town in the Eastern Cape to the concrete jungle where dreams are made of (Jozi), joined the GT247 team in 2016.
| Trade instrument | GbpJpy | Comments | |||||||
| Entry | 142,5 | Move the stop loss to 143.3. Trade is profitable | |||||||
| Direction | Short | ||||||||
| Stop loss | 145 | ||||||||
| Target price 1 | 138,2 | ||||||||
| Target price 2 | - | ||||||||
| Trade instrument | GbpUsd | Comments | |||||||
| Entry | 1,284 | Trade is struggling but is profitable at the moment | |||||||
| Direction | Long | ||||||||
| Stop loss | 1,26 | ||||||||
| Target price 1 | 1,31 | ||||||||
| Target price 2 | 1,34 | ||||||||
| Trade instrument | UsdJpy | Comments | |||||||
| Entry | 112 | Has reached first TP 1 and still going strong. Move stop loss to 109.6. | |||||||
| Direction | Short | ||||||||
| Stop loss | 114,5 | ||||||||
| Target price 1 | 108,8 | ||||||||
| Target price 2 | 105,3 | ||||||||
| Trade instrument | UsdCad | Comments | |||||||
| Entry | 1,26 | Reached the first take profit on the 15/08/2017, however after the turmoil in the USA, it hasn't been doing too well | |||||||
| Direction | Long | ||||||||
| Stop loss | 1,25 | ||||||||
| Target price 1 | 1,277 | ||||||||
| Target price 2 | 1,293 | ||||||||
Paul Chakaduka is better known as Chucks – a nickname bestowed on him by friends who found his surname difficult to pronounce. Born in Harare and educated at Rhodes, Chucks thrives in fast-paced trading world of Johannesburg. Single and available, Paul is all about finding the perfect partner and perfect trade.
Dean Bakos joined GT247.com in 2017 after completing his Bachelor of Accounting with an Honors in Investment Management at UJ. A real people’s person with an inspirational zest for life. Dean has a keen awareness in politics and financial markets. Dean will always try his best to provide legendary service and hospitality to whomever he meets. If he is not at the trading desk looking for the next best opportunity you will find him with family and friends doing what he does best: Eating, drinking and enjoying life on the golf course.
Barry Dumas has experience in the investment industry for the last 9 and a half years mostly advising clients on their investment portfolios and managing clients long term investments. He enjoys educating clients on trading / investing and technical analysis on securities. He currently holds a Wealth management qualification and is studying towards becoming a securities trader on the JSE.
| Trade instrument | IMPLATS | Comments | |||||||
| Entry | 3962 | Triggered on 07/08/2017, still pretty much flat for the week so far. | |||||||
| Direction | Long | ||||||||
| Stop loss | 3500 | ||||||||
| Target price 1 | 4156 | ||||||||
| Target price 2 | 4466 | ||||||||
| Trade instrument | WOOLIES | Comments | |||||||
| Entry | 6427 | Triggered on 07/08/2017, moved higer until Thusday but price started to reverse. Will keep a close eye on this one. | |||||||
| Direction | Long | ||||||||
| Stop loss | 6241 | ||||||||
| Target price 1 | 6671 | ||||||||
| Target price 2 | 6874 | ||||||||
| Trade instrument | TELKOM | Comments | |||||||
| Entry | 6759 | Triggered on 16/8/2017, moved higher until 18/8/2017 where it startyed to retrace as originally expected. Will keep a close eye on it. | |||||||
| Direction | Long | ||||||||
| Stop loss | 6340 | ||||||||
| Target price 1 | 7015 | ||||||||
| Target price 2 | 7248 | ||||||||
| Trade instrument | STANDARD BANK | Comments | |||||||
| Entry | 16070 | Triggered on 17/082017, moved higher from there and waiting for the break lower into profit | |||||||
| Direction | Short | ||||||||
| Stop loss | 16500 | ||||||||
| Target price 1 | 15792 | ||||||||
| Target price 2 | 15400 | ||||||||
Musa Makoni studied BCom Hons in Financial Economics and Investment Management at the University of the Free State. As the youngest member of the GT247.com trading desk, he brings additional energy and fresh take on trades. Musa manages the daily GT247 blogs, bringing trade ideas for all our clients.
Martin Harris joined the GT247.com team in 2015 following studies in Sydney and UCT. Having grown up in Johannesburg, Martin loves being back in the economic heartland of Africa. He contributes regularly to media24 around share performance and when not reading financial books, plays rugby or supports his favourite team, the Lions.
| Trade instrument | ANGLO AMERICAN PLC | Comments | |||||||
| Entry | R212,00 | Not yet triggered. Wait for entry. | |||||||
| Direction | SHORT | ||||||||
| Stop loss | R203,00 | ||||||||
| Target price 1 | R196,00 | ||||||||
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