Kenyan markets are too slow and one has to wait a looooong time to make decent gains.

Offshore markets especially cryptos and US stock market are highly volatile and make big moves and if you understand the dynamics and shenanigans of Wall Street and make short term leveraged trades,one can make a lot of $$$$$$ in a very short time.

Its better and more honest for Kenyan government to default on treasuries than have Opus Dei create new KES and buy government bonds and finance interest payments like in the devloped world.What madness that in the first world central banks are buying their own government bonds,corporate bonds and even stocks with newly printed currency.In the Eurozone and Japan,its governments getting paid to issue negative yielding bonds instead of the normal reverse ie governments pay interest on bonds they issue which is ridiculous but nearly 1/3 of the global government bond market operates this way

Look at the craziness in Germany.







Kenyan government would love issuing negative yielding bonds where investors pay GoK for the privilege of buying their bonds.

Can't these trades go either way?
Lose $$$$$$ in a very short time.

Yes.The trades can also go against you very quickly.The trick is to stay disciplined.Take small position sizes,respect your stop loss and profit targets and long term you shall be profitable.Problem is that most beginner traders have the illusion of making a quick buck and take big position sizes and hold onto losing trades waiting for a turnaround.As they say 90% of traders lose 90% of their trading account in first 90 days.They go all in on one trade or even 30-50% on a trade and if they lose on this they blow up their account.Never take a trade position that's above 5% of your overall trading portfolio.If a trade hits your stop loss get out no matter what and lets say make a rule that if a trade goes down 20% get out.Sure some hit your stop then bounce back and if you keep refusing to get out of your stop loss position you will lose large in one trade.Losses are part of the cost of business of trading.

The current volatile US markets are offering superb opportunities to make profits.NSE is kind of dead right now and is too slow to make any decent gains in the short term.

Anyway only 10% of traders are consistently profitable and its not a game for the faint hearted but if you understand the Wall Street game of pump and dumps and market manipulation plus stay disciplined one can make a good living
Strategy is do both investing in the long term and short term trades for daily income.

Is why you need Stop Losses. If the trade goes against you to a certain level then you know you may need to re-assess your forecast and adjust accordingly. This is where Elliott waves trumps other methods of analyses. Coz it gives you a target which if met then it means that your preferred Elliott count may not be the one.

E.g. One rule of Elliott Waves is that a second wave must not retrace more than 100% of the first wave. If that happens then your count requires a re-assessment.

EQUITY BANK
The recent rally has almost been wholly retraced. Targets below 30.00

EAST AFRICAN BREWERIES LTD (EABL)
Wave (iii) DOWN in progress. Should fall much further.

So far stanbic is down 35% while NCBA is down 24% for Q1. Q2 will be a horror show. Given that the ratings downgrade of KE banks will continue on account of sovereign debt holdings (as risk of default increases) and increasing NPLs, banks will be caught in a tight spot where any further lending (to private or public sector) will have an assymetric risk:return ratio that isn't worth pursuing. A potential cash is king scenario (liquidity preference) for lenders with perhaps a spillover to the stock market thereby creating a floor.