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Spencer Li

About Spencer Li

After trading for 20+ years, reading 1500+ books, and mentoring 1000+ traders, I specialise in helping people create a second source of income via swing trading, with just 15 minutes a day.

Entries by Spencer Li

Trading Psychology

Overconfidence Bias in Trading – How Can I Ever Be Wrong?

 Consider this: “Despite the fact that more than 90% of car accidents involve human error, three-quarters (73 percent) of drivers consider themselves better-than-average drivers.” This might sound delusional, but we also see this phenomenon in trading. Most people think they can beat the markets. But is this true? If you would like to learn […]

4 Comments/by Spencer Li
Market Analysis

Stock Market Surges As Predicted – What to Buy Now?

  As countries around the world roll out their vaccine plans, we can see different industries and different countries recovering at different rates. However, only a small percentage (about 5%) of the global population is vaccinated, so it might take a while before we start to see the results of the vaccines kick in to […]

0 Comments/by Spencer Li
Blockchain & Crypto

What is a NFT (Non-Fungible Token) and Why are They Worth Millions?

 Would you pay millions of dollars for digital artwork? Welcome to the world of NFTs, or non-fungible tokens. Just this year so far, about $1.3 billion of NFTs have traded through Ethereum network, dwarfing the activity last year. The biggest transaction was an NFT purchased for $69.3m dollars. At this point, you might be […]

0 Comments/by Spencer Li
Risk & Money Management

Is Trading Gambling? (How to Profit Consistently Like a Casino)

  You have probably heard horror stories of people losing all their hard-earned money in the financial markets, or even going into debt. This makes you wonder if you should avoid any form of high risk trading or investing, and just stay away from the financial markets. But is trading really that risky? Is trading […]

2 Comments/by Spencer Li
Trading Tips

Why Paper Trading is a Waste of Time (And What are Better Alternatives?)

 You probably have heard of paper trading, but do you know that most people are doing it wrongly and it ends up being a waste of time? As a new trader, does it make sense to start off with paper trading and what is the correct way to do it? In this blog post, […]

0 Comments/by Spencer Li
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