How to Use Fibonacci Retracement: Draw It Right, Then Treat It as a Zone
Fibonacci retracement marks where a pullback may stop. How to draw it, the levels worked through on one swing, and why it only counts with a second reason.
I'm Spencer Li, The 15-Minute Trader. I founded Synapse Trading in Singapore and have traded for 15+ years, run from 70+ countries. I teach a rules-based swing trading system built for people with day jobs: about 15 minutes a day, one system for any market. More than 700 students have graduated from my Trading Mastery Program. I'm a Certified Financial Technician (CFTe) on the IFTA register, and hold double degrees in Accountancy and Business Management from Singapore Management University. The Business Times has featured me. Every trade I take is public and dated, losses left in. It's trading education, not a promise of income.
Fibonacci retracement marks where a pullback may stop. How to draw it, the levels worked through on one swing, and why it only counts with a second reason.
When to sell a stock, for traders and investors: cut it when you are wrong, take profit when you are right, and sell when the reason changes.
What assignment and auto-exercise mean, what happens at expiry, and how to choose between closing, rolling or taking the shares, with a worked example.
Why prop firms deny payouts, the rules they cite, 2 dated cases where firms changed course, and a 5-point check to tell a real rule breach from a scam.
July was the month the argument that started in June finally got settled, and the market did not like the answer. June cracked the AI trade and then patched it up in the final two sessions. July reopened the wound, poured salt in it, and only stopped the bleeding on the very last day. When […]
Synapse Trading Pte Ltd
Registration No. 201316168H
WhatsApp +65-8897-1204
info@synapsetrading.com
Synapse Trading Pte Ltd
Registration No. 201316168H
Whatsapp: +65-8897-1204
Telegram: @iamrecneps
Email: info@synapsetrading.com
