Entries by Spencer Li

The Synapse Program – Full House!

Last weekend, we concluded another successful run of our 2-day program, adding another batch of new traders to our community. We had a mixture of new and old traders, as well as some previous batches of graduates sitting-in and helping out by providing useful feedback and asking relevant questions that I may have overlooked.   […]

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Market Updates – The Big Plunge on Friday

For the past 2 weeks, we have been calling shorts on all the major stock indices, as well as on the EUR/USD and the CRB Commodities Index. The latter has also led us to call shorts on many commodity stocks, including Sakari and Olam. After the negative jobs data on Friday, and the US markets […]

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Open Seminar at CIMB Securities: The X-Factor in Trading

Last week, we have an open seminar at CIMB Securities to share about what it takes to be a professional trader. We started off with the different attributes required of a trader, then delved into our trading style, before ending off with a market outlook and stock picks. As it was a full house event, […]

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Forex Updates – EUR/USD, GBP/USD, USD/JPY

This is the daily chart of the EUR/USD. It has broken below the previous swing low, and pulled back to test the breakout. I will be looking to short this. This is the daily chart of the USD/JPY. It is pulling back after a strong upmove, and is now resting on the fibonacci 61.8% retracement. […]

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Regret Aversion Bias – Would You Rather Be Right, or Avoid Being Wrong?

People exhibiting regret aversion avoid taking decisive actions because they fear that, in hindsight, whatever course they select will prove less than optimal. Basically, this bias seeks to forestall the pain of regret associated with poor decision-making. It is a cognitive phenomenon that often arises in traders, causing them to hold onto losing positions for […]

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