HAIDOJO_trading

FKLI TRADING : 313) turn over a new leaf/trend?

Long
MYX:FKLI1!   KUALA LUMPUR COMPOSITE INDEX FUTURES
this is number 313...

Today is 28th Dec 2021, and fkli-dec is in uptrend. However, it is unsure the direction of the trend will resume in the new year 2022 as this might be a window-dressing activities? As for me, I trade what I see so "buy on retracement" is the winning strategies now. Don't get involved juz bcox u wanto get involved or make some money. The sequence should be like this :

1) learn some new tricks on trading plan/strategies
2) do some testing on historical data first bcox anyone can claim anythg on the internet nowadays. You wanto know the validity of the plans/strategies
3) apply the correct risk reward/ money mgm on the strategies/plans
4) take out very little money to try on the strategy/plan
5) if you survive more than 3 months with positive outcomes without position-sizing, then it is worth studying at. If u can last one year with positive outcome is even better.
6) If it doesn't work, repeat.
then some ppl might ask " whr is the place for the psychology?"
my very subjective answer is " the psychology comes after u did the trading plan/trading strategies + money mgm + testing correctly".
Yes, u hear me right. With juz a gud attitude and mentality would not guarantee u will win a war. U still need "weapons" and "armors" to win a war. Those strategies and back-testing are your weapons and armors.

higher resistance : 1577-1600

resistance : 1545

support : 1480-1518

WARNING!
RISK DISCLAIMER
: this is juz a trading idea...trading stocks, futures , crypto, commodities or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!

**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*

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