Scalping Practices using two minutes chart with 100K USD Virtual Money December 2024 update.

 December 2024 - update (from 100KUSD to 800KUSD profits)

How I grow my Spare CPF OA Monies over the year with approved fund platform?

 

Started  investing with CPF OA spare monies in Jan 2021, subsequently setup

a recurring buy with $1000 every month using Dollar Cost Averaging method

until today.  The Journey is long but no brainer way to make money. 

The only thing that I did over the year was to look at the S&P500 Index and

drew the trend channel so that as long as the Index is fluctuating within the uptrend 

channel, it should be making more profits for me.

As I have projected that S&P500 will be enttering a down cycle after 6000 - 6100
level, I will start to liquidate my postion, re-evaluate the next investment opportunity.

https://chartfreely-us.blogspot.com/2024/11/s-daily-chart-analysis-071124.html 

https://chartfreely-us.blogspot.com/2024/10/s-daily-chart-analysis-dated-101024.html

 In conclusion, if you know how to read the charts well, understand different market 

cycle and the strategies to take advantage of the evolving trends. Profitable trading 

or investment is not a coindence or guesswork.

Besides, I am also actively using CPF OA monies to trade SGX stocks. Most of the 

time, I will swing trade a few counters, add more positions (average up) into the

counter if it continues its uptrend  move till near sell-off tops before I exit with

good profits. 

Some of the trades that I had updated in the blog.

 https://chartfreely-sg.blogspot.com/2021/06/ocbc-daily-chart-analysis-dated-080621.html

 https://chartfreely-sg.blogspot.com/2023/08/ifast-daily-chart-analysis-dated-180823.html

 https://chartfreely-sg.blogspot.com/2024/10/ifast-daily-chart-analysis-dated-101024.html

https://chartfreely-sg.blogspot.com/2024/05/riverstone-mid-day-chart-analysis-dated.html 

The happiest thing is that my elder daughter has started to learn how to read charts,

and to take advantage of trading skills to make withdrawals in the Crypto Market.

There are abundant of opportunities to be made in the Crypto Arena including Meme

Coin, AI Token & etcs.

Everyday, there are so many opportunities presented infront of you to attract you

by giving them more attention and more love (to put monies on them) and let

them show you their loyalty to pay you off in the future if you believe in them.

Financial Trading Skills is a learnable skillset. IT WILL BENEFIT YOU FOR LIFE.

Happy Profitable Year 2024.

 

 

 

 

What is the preferred amount for Swing Trade and allow room for learning from mistakes?

 

 

In my opinion, a good enough amount of startup capital is good for learning
how to trade along the way, allow one to make some mistakes and learn from it.

Too small an account is easily wipe out in one or two trades and may not give a 

trader the sufficient amount of time to learn from trials and errors to discover 

own trading behavior and habits.

 

If you just started to trade and started to make some profits as a Novice,
you are being lucky in the bull market phase.

 

A trader will be challenged during the bear market phase and if you can still

can stay profitable and calm. Different market condition requires different trading 

strategy has to change to tailor to the market condition.

 

Learning how to add more lots along an uptrending stage 2, will definitely allow
you to reap most profits for a stock, crypto & etc.

 

e.g. of below trade taken in the past.

 

 

 

 

 

 

 

 

 

 

 

 

My Trading Journal for life!

 My Trading Journal used to be real-time tracking of profits and Loss using Excel RTD function in 2010.

After Yahoo Finance stopped providing real-time stock data, I had to manually
update the stock price inorder to know if the stock is currently making money
or losing.

After some thought, decided to do manually input for buy, sell and cutloss level.
Redo the formulae to reflect the changes to the clearing fees, GST over the years. 

Revised Journal has been using for more than a decade to keep track of trade
performance without fail.

Below is an sample entries on how I would keep track of each transaction over
the time.

(click image to enlarge)

A good trading journal allows you to review why you done right or wrong on certain
trades.
Rewind back to the point in time on chart, plot the "buy" and "Sell" order on the past
historical chart, allow me to review past good trades or bad trades taken and what need
to be done for future trades.

How to draw Parallel Channel on chart?

 

 

High Probability Trade Entry when Daily and Weekly Chart in-Sync

 

Scalping Practices using two minutes chart with 100K USD Virtual Money

 

 

 

Trying out on scalping trades using the same method used in successful swing trading for profits.

Using 2 minutes chart with Tradingview software to test on the high probability entry at turning points.

Practices make perfect. 

Using Simple Moving Averages to trade the way to Profits #2

 

Using Simple Moving Averages to trade the way to Profits #1

 

Simple Strategy to buy Stocks at Turning Point Without Failing..

 

 1) Setup Tradingview.com charting.

2) Add moving average line 5, 20 and 100SMA on the price chart (candlestick bar)

3) Add volume with 20days volume average line

4) Add Stochastics Oscillator with 12,3,3 settings.

5) Split the layout into Daily and Weekly chart.

6) Look out for Stochastics Oscillator bottoming out from 20 level from the Daily and 

Weekly charts during the same period.

7) This could be the lowest point from the charts at this period, therefore I will take a 

trade to ride the trend recovery.

Good Luck!

How I read a retracement and trade along the direction of trend?

 

Potential Bottom Fishing with Less Risk#6 - Yoma Stategic Holdings

 

What is my low risk trading strategy that helps me to keep profitable consistently?

What is meant by my low risk trading?   

Buy at a level, cutloss within 2 to 5cts.... when price went higher, e.g. 10ct to 20cts away, add more lots if u see the trend continues to go up... in this way, u will not lose any money soon, even if the price starts to fall, u will still able to exit with the some profits or breakeven before you have bought some lots at lower price...... 

So where is my initial risk?

Only happen when i enter a new trade....... i need to prepare to cutloss if wrong.... if it continues to move higher, i will continue to double the lot size as it trends higher..... doing so, my average per share is much lower than the market price.... any retracement will not hurt me....

But do I sell 100% when it is time to do so... if possible, keep 20% shares in the market... so that in the next rising market, u already have some lots which bought cheaper and continue the process of adding more lots to the new cycle... as such.. the risks are little.... this is how i work on the market.....risks is always main concern when come to trading...take care the risks, profits will take care itself...

Potential Bottom Fishing with Less Risk#5

 

How I consistently able to buy the LOW and sell the High with clear vivid price and volume action?

It's take trained eye and guts to take such trade after a massive sell-off..

Risk is usually low as the price has fallen sharply and started to consolidate..

Best place to have high returns and low risk with calculated cutloss near to the entry price.

Cheers.

Common Fear and Greed of Novices

 

Potential Bottom Fishing with Less Risk#4