Seize correction opportunities to add on to your silver. Always use a stop loss, employ proper position sizing and stick to a workable strategy.
First thing first, I am not a gamer. But, I can't say that for my 11 year old son who is pretty much into it. I guess that is the trend for young teenagers now, boys and girls included. As an investor, I look for trends that are disrupting and are here to stay. Facebook is one good example. It has faced so many legal battles and it is still going strong. My...
See chart First, we think that the COVID-19 saga is going to blow away as news of states reopening one after another and logically most people would not be staying at home. But now, with HK, China and other countries suffering a 2nd relapse of this contagious virus, it looks like more people will stay put at home rather than heading out to work. Also, Employers...
Read article here No, I did not long nor follow this stock at all. And it is fine that I did not participate and lose out this great , great opportunity costs as some followers were asking me about. From the 1H chart, it looks like some pull back is likely before it continues its climb. There are 2 gaps that potentially can be filled up as well. I tend to...
A thought came to me a moment ago. Imagine if the rules of investment has changed to eliminate smaller time frame like 1H, 15 mins trading or face a fine or something, I think perhaps naively that many traders would be much better off in the long term. Then again, how is the brokerage firm going to make more money if every trader is becoming prudent and careful?...
The intention of this chart is to show you the power of sitting on your profits and letting it run... You would notice beside the double digit returns todate , there were the trench (March low) that I suffered paper losses while holding on to these counters. Of course, on hindsight, I should have bought more and average down. But I did not......... It is one...
Study the words of Trump's tweet yesterday carefully. Who will win in this upcoming election ? Trump or Biden? Your guess is as good as mine. Would Trump's defeat really bring the stock market to its knees as he proclaimed ? Nobody knows, for sure. That is the power of his words to the people of America, especially the older folks who depend on their...
Let the price falls through 202.07 hopefully and even close the gap at 190.69 to 191.34. There, I expect the price to rebound strongly. Alternatively, it might just continue its upward trajectory tonight from its current price. Watch for bullish candles confirmation to go long
Read article here Too often, we see only the rewards and neglect the risks that comes along with it. Think about your career, you may not be happy where you are and envy some of your friends who are earning more than you, have a nicer job title, fly around the world, etc. But, on the flip side, did you consider the risks that come with it as well ? Say, your...
Support level thus far proven to work to the long favor. Trend continuation expected.
For the short term, we can expect some bearishness in the major US indices especially DJIA and SPX500. Firstly, it has broken down from the bullish trend line. Next, the candles show us a hanging man pattern which is bearish in nature. Thus, we can expect it to slide towards 25,000 as the first support level. Thereafter, we shall see if it rebounds or falls further.
Trees are like your 1H or 15 mins candles where price action tends to display volatility. So, if you are not a short term trader and relish on such whipsaw to make money, then looking at the myriad of green, red, red and green candles can freak you out or confused you what direction to take. By pulling yourself out to a larger timeframe (forest view), you can...
Imagine you were the owner of this private island ? What would you do on the first thing you wake up in the morning of your new home ? Would you throw a party to close friends to celebrate ? How about adding some nice plants and flowers at the backyard? A koi pond that you always wanted ? It would be lonely if your family does not have a dog or two, huh ? Maybe...
If the resistance at 371.31 is broken up tonight, I would add more
If the resistance at 12.10 is broken up tonight or this week, then we can expect this sweet commodity to rally higher.
Last night, there was a sudden drop of silver price from 1000 to 1400 hours (SG time) , resulting in a 7 over % drop. I saw the price hovers at 23 and that is the level of resistance it broke up and now acting as support. So, I took a long shot and God bless, am now in the money. I am still bullish on Gold and Silver and will accumulate when there is a...
I was asked this question by a follower. From charts perspective, I think not yet as traders continue to pile money into riskier assets and safe haven assets to hedge (like gold, yen and silver) The Fed has realised the day will come but perhaps not this year. They are fond of kicking the can down the road. More fiscal and monetary stimulus will be implemented...