Invited to Speak at ShowFX Asia – 15 Minute Trading Strategies

I have been invited to speak at ShowFx Asia on 21 October at 10.15am, as the opening speaker, and I will be speaking on “Trading for a Living with 15 Minutes a Day”.

I will be sharing my journey of how I started with a small trading account and grew it into a multi-million dollar portfolio of stocks, REITs, properties, etc.

I will also be sharing some simple strategies which anyone can use to make a side income with 15 minutes a day.

See you all there! 

Bitcoin Hits New High Above $5000 – There Will Be Another Buying Opportunity Very Soon!

Just yesterday, Bitcoin hit a new high again, breaking above the $5000 barrier, and bringing double digit gains to all those vested.

While there has been much speculation on this fundamentals of this cryptocurrency, it was actually a pretty familiar pattern for those used to reading the charts. I will explain more in the chart below, and show why there is going to be a good buying opportunity really soon.

Trade call and chart posted on our official Synapse Trading FB page – before the breakout!

 

If you look at this chart of Bitcoin, you will see that the majority of the price bars are green in colour, meaning the buyers have always been in control of this counter.

In addition, the counter has been moving up in a series of higher highs and higher lows, which is a classic sign up an uptrend.

Which means that all you need to do is to enter on dips in the price, as explained in my previous article.

 

The next question of course is how far can it go, and for this we can use the breakout projection technique, which would give a projection of about $6500.

But here is the exciting part: In such a breakout, especially at a key number, there is a very good chance (not 100%, but high), that the price will pull back to test the $5000 region again.

Yes, you heard right. If you had missed the previous move, hopefully there is another chance. I will be waiting to add on to my positions.

If it goes from $5000 to $6500, that is a gain of 30%, which is way better returns than buying any stock or REIT. And it could happen in weeks/months.

I will continue to monitor this counter. In the meantime, trade safe, and win big! 😀

The One Key Trait which Separates Billionaires from Millionaires

*Note: This article is adapted from Quora (written by Ziad K Abdelnour, Wall Street Investor), and the source to the original article is listed at the end of the article.

Given the nature of my business, I am often asked by friends how does it feel like to deal with billionaires on a daily basis and what really makes them tick. Understanding after all the billionaires psyche is key in unlocking potential not seen anywhere else.

Well for a start…let me tell you that the main thing I realized after starting dealing with billionaires a decade ago is that billionaires tend to be really good at understanding systems of value creation and placing themselves into those systems more effectively than anyone out there.

Billionaires tend in fact to view the world as a tangibly fungible place. They see the world and want to move the puzzle pieces entirely around. They look for the faults in the ecosystem and identify massive holes and what could be added to fully capture that value. Then they spend about 10 years maniacally attacking the gap, organizing people, recruiting and generally creating a “cult”. They create a bible so to speak of values and ideas that bundle together in such an appealing way to attract the smartest people around (aka the future millionaires).

The billionaires I know don’t look forward to the weekend. They don’t drink. They work from 5am to midnight everyday including weekends. They don’t socialize with friends and they often mix friends and work. It’s all one big chain that supports their vision of the future and tying up the value. This is a different internal programming than most people have out there.

What do you do if you live in Trent, Michigan today? The auto plants around you are closing. It’s tough to be a billionaire potential person in that environment, but 100 years ago in 1912 it was actually possible. Ask the Ford family about this. So overall, location, timing, industry and proximity can be a major factor that comes into play. Tech is what’s happening now, but other industries happened before. 1950s Texas oil well drilling, 1910s autos Michigan, 2010s Silicon Valley. There is much to discuss, but the mindset pieces are the key and are universal.

So what to make of it all?

Well, I see billionaires having 3 types of focus

1) Inner/self: a keen sense of where you want to go, and self discipline to get there.
2) Empathy and the ability to inspire others.
3) Awareness of where the greater world is going, and what can be done to shape it.

The young millionaires I know seem to spend a lot of time working on 1 and 2, talking about emotional self discipline & company culture.

The billionaires & ultra high net worth power players have on the other hand mastered all 3, particularly the 3rd. They are the “unreasonable” ones who adapt the world to their vision. They are absolutely fearless. Perfectly willing to move mountains, change cultures, lobby regulation to achieve their vision and kick real ass..

Come to think more of it, billionaires would seem to have more in common with a homeless man on the street than a millionaire in the sense that they are completely unconventional and independent thinkers. They are outcasts from regular society and most probably will always be.

A millionaire might have more sense about her-himself and scale back to preserve wealth and “quit while they are ahead” sort of speak.

The billionaire mindset defies logic and decisions are made against all outside reason. They really don’t give a rat’s ass about the money and frankly have a clean detachment to it, therefore with that clarity of thought mixed with pursuing their passion, make most of the money.

One common theme that I see all the time in my billionaire friends and that’s the theme of failure before success. Self-made billionaires NEVER give up if they fail. They just go on and on and on until they stop failing and become a success.

Now that you know the basics of the billionaires psyche, go use those priceless tips to make a killing and never turn back.

Source: https://www.quora.com/Whats-it-like-to-be-a-billionaire/answers/7455932

 

5 Unconventional Ways You Can Make Money From Bitcoin (And Other Cryptocurrencies)

Firstly, what is Bitcoin and how does it work?

In simple terms, Bitcoin is a cryptocurrency, which is essentially a currency that is not owned by any particular group or person. It allows fast and cheap transactions, and the more people start to use it, the more its value increases. In fact, if you had bought $5 worth of Bitcoins 7 years ago, it would now be worth $4-5M.

And bitcoin could still be in its infancy, since its number of transactions are only a fraction of what the banks and other financial institutions are currently doing. Which means there is a huge potential for more upside. So, how can we get a share of the pie?

1. Investing in Bitcoins

This is the most common way for retail investors to get in on the action, by simply opening an account and purchasing the coins. Some of the common platforms are Coinbase and Coinhako, and it is not hard to open an account and take a nibble. The challenge here is making sure you do not end up buying at the high, so take advantage of price dips (usually happens when there is some negative news about cryptocurrencies) to accumulate more coins.

2. Trading Bitcoin Derivatives

If you are more interested in profiting from the short-term movements in Bitcoin, then you can use derivative instruments that track the price of Bitcoin, for example products like CFDs (contract for differences). The price of the derivative will track the price of Bitcoin, moving up and down in sync with the actual price of Bitcoin, so by buying or selling the derivative, you can profit from the price moves in Bitcoin without actually buying or owning Bitcoin. To do this well, you will need to know how to read charts and price action.

Sharing live on #cryptocurrencies like #bitcoin and #ethereum 😄 Are you ready for the next big thing? #visionaryinvesting

A post shared by Spencer Li 🇸🇬 Synapse Trading (@iamrecneps) on

3. Lending out Bitcoins

Lending is perhaps the oldest way to use money to make money. Basically, you loan out money to a relevant party and they pay you back, with interest. Interest rates will vary with the risk involved. If you get collateral in exchange for your loan, interest rates will be low. No collateral means higher risks, but it also means higher interest rates. So if you have already purchased some Bitcoins, you can loan them out for some extra interest instead of just keeping them in your account.

4. Bitcoin Mining

Bitcoins are created through solving complex algorithms that create blocks that are added to the public ledger. The public ledger is the history of all transactions conducted through bitcoin. Basically, miners build the public ledger and allow the whole bitcoin system to function. As they create new blocks, miners are rewarded with new Bitcoins. This encourages more miners to get in on the action, which allows the Bitcoin community to grow. In the past, people could use their home computers to mine Bitcoins, but over time mining has become more difficult as the algorithms have become more complex. Now, you’ll either have to buy a specially built mining rig, or join up with a Bitcoin mining pool that harnesses the power of multiple computers.

5. Bitcoin Arbitrage

This is perhaps the least common way of making money from Bitcoins due to its difficulty level. If you have started dabbling in Bitcoins, you might have noticed that the prices of Bitcoins can vary a lot across different exchanges. For example, if the Bitcoins in Singapore are cheaper than the ones in China, you could buy some Bitcoins here, transfer them to China, and cash them out over there. The challenge however would be bringing your money back to Singapore, and also you would need a bank account in China. But some people have managed to come up with creative solutions around theses problems.

Picking the Bottom for Bitcoin & Ethereum – When to Buy?

Recently, Bitcoin prices have crossed $4,800, and year-to-date, its price has surged nearly 400%, making it one of the best investments for the year. And it is not alone.

Other cryptocurrencies, such as Ethereum, have also been making new highs, and many more new products are hitting the market every day.

Which is why many of my friends, followers, and students have been asking me a lot about theses products, and most importantly, “when is a good time to buy?”

 

Sharing live on #cryptocurrencies like #bitcoin and #ethereum 😄 Are you ready for the next big thing? #visionaryinvesting

A post shared by Spencer Li 🇸🇬 Synapse Trading (@iamrecneps) on

When I first started trading, I was mainly doing stocks and CFDs, and I developed my “15 minutes a day” price action strategies for these. And as I expanded to new markets, I was pleasantly surprised to find that the same strategies worked perfectly well. To date, I have used them successfully on forex, futures, options, and most recently, on cryptocurrencies.

This means that for a new product like Bitcoin, which behaves very similarly to IPO stocks or some less popular penny stocks, its behavior can be best understood by studying its underlying price behaviour.

Many people who take one look at its prior meteoric rise will immediately come to the conclusion that is it near its high and too late to buy. But many people probably thought the same way about Apple and Tesla’s stock a few years back.

Hands-on analysis and study of Bitcoin chart for precise timing (at my new cafe)

 

This means that there is potential for cryptocurrencies to go much higher, but how do we time our entry into something that is moving so fast?

Turns out we do have the perfect strategy for that, which is similar to the strategy we use to enter fast-moving counters in times of a strong trend. In fact, I pointed this out using the chart of Bitcoin during my last few workshops, and also at Invest Fair.

Snippet from the “Synapse Network” private forum (posted 24 August 2017)

 

Bitcoin chart today (04 September 2017)

 

How far can this trend continue to run?

To be honest, no one can really tell, but all I know is that whenever there is a good buying opportunity, I will continue to add more positions to ride this strong trend until it ends. And when it does, I will get ready to short it down as well. 😀

But that is a story for another post.

Till then, trade safe, and aim big. Cheers!