I will add a % of capital every paycheck that I don't need for life stuff, bills or savings.
I will allocate capital the same way every week:
70% goes to cycle trading
15% goes to swing trading
15% goes to long-term investing
I am just parking capital to use in trades - actual trading is kept to a minimum.
Monitoring the market
UNI is finally doing what we all expected it to do back in October 2020.
I can't tell you the opportunity cost I had, as well as lost profits, watching it grind down during that period. A lesson for me in not protecting risk and not falling in love with a trading idea!
The good news is that now we're looking at a really bullish setup. Once that resistance is...
Today I am exclusively looking for SPACs that are as close as possible to $10 (also known as 'NAV') and have quality teams. Not fussy about what stage they're at in the process.
$CRHC - Cohn Robbins Holdings Corp
* currently searching, not targeting specific industry
* solid team: Cohn former director of National Economic Council (NEC) and ex Goldman Sachs...
Most of my trading will be 'set and forget' - passive positions which I aim to keep for 3 to 6 months.
I will scratch my active trading itch with a small 'acting trading' bag I can play around with. Likewise, any other strategies (for example, buying Uniswap stuff) we'll allocate a small amount of time and capital to scratch that itch, too.
But my principal...
I didn't capture the whole move on SUSHI but managed to capture the third leg of this uptrend.
Have set a trailing stop now that I'm going to manually adjust as we move higher.
This is something I will be doing throughout the current bull cycle. Yes - I miss out on some pips of profit, but risk management is genuinely my number one focus this year.
As always we will look at team, sector, hype potential and chart then decide on a position size.
This just opened for separate trading as of 07/01/2021. I was recommended this one by SPAC Mikey on Twitter.
* Strong financial services team - former Merrill Lynch / Goldman Sachs bigwigs John Thain and Phillip Cooper .
* Searching for goverment, defense...
IPOE ripping up is a reminder of how profitable it can be to get into SPACs near enough their nominal asset value (NAV).
Let's get after it, find some hidden gems, smash it and secure some profits. I'm absolutely thrilled to be part of this glorious moment in the market.
Today I am looking for promising assets that are at, or near, their NAV.
I am looking for a position in SOL.
* Currently a diagonal uptrend with thinning buy pressure
* Watch local support levels - if touched, consider laddering in a position
* Big sell off expected to dampen price today - quite a crowded trade. Watch and wait
As per my new 'zen trading' plan:
* I will be taking a 'fixed' position in this - a quarter position at...
I see INAQ as quite a simple prospect:
* Had an initial range up to high 13's (best place to get in to this instrument)
* Second range is between 13.8 - 16.00. Currently flirting towards the bottom part of this range
If the pattern repeats we'll see a third range up to the 18-20 mark. Or, it could surge up if there's a suitable catalyst.
For now, I've got a...
Many thanks to Michael Wang for reminding me to take another look at this old favourite altcoin (check out his excellent analysis under 'related ideas').
I have charted this before many times. NEO used to be a hyped project but has somewhat fallen out of favour, however what often gets forgotten is that the team are very active and continue to build and work on...
Zen trading is our new approach for 2021.
It is a trading strategy based on a simple concept: maximum upside, minimum stress.
From 2017 - 2020 we’ve tried just about every form of trading, every strategy, every angle.
We’re now in a position to adopt the approach that works best for me. Make it personalised.
A mature, minimalistic trading...
I'm still relatively new to SPACs so take this trading plan with a pinch of salt, and any feedback is welcome.
I already have a comfy position in IPOC (see my previous chart which was one of my finest) and banked a 40% + gain so far with very little downside.
Now we can see the price potentially finding a rather thin support level and targeting a move...
Pretty much played out perfectly as expected - entered on the support and was a springboard upwards.
My TA isn't particularly fancy - just support and resistance levels, price action, RSI.
But when you have a decent sense of the market players and the trend it can work well.
>> REVIEW OF PERFORMANCE
This is an update to my trading plan set out a month ago - Plan for December 2020 to April 2021 .
I set out these targets:
Add funds month on month - disposable income only
Monitor trends, but stop trying to snipe tops/bottoms
Maintain a watchlist and a few good sources
Enter positions only on good setups
Bullish on INAQ and scaling in gradually to this SPAC under $14.
I like SPACs between $10 - 13 as there is very little downside but a lot of potential upside just before the ticker changes.
Looking at this chart my plan is to keep scaling in according to this wicks on the diagonal trendline which are like clockwork.
So next buy would be around 12.90 tomorrow -...
Electric Vehicle SPAC which is nosediving after failing to break the resistance.
Two important support levels are marked off here. I would buy at both levels to be honest with you.
Any SPAC near or at $10 is a great low-risk investment and this one has the EV narrative, combined with a Definitive Agreement in the wings.
I will do a little more research but...
The price is currently hovering between 2 price levels that were established as a range back in July 2020.
We can see a triangle that needs to complete. Two possible points of entry scoped out.
I would have preferred to enter this when the 200MA was flipped a few weeks ago, ideal entry point.
There's a gap to fill and I do think the momentum is likely to be...