Last weekly, there was a lot of focus on the crypto markets, with a slew of bad news, such as the cascading effects of the TerraUSD and Luna crash, Celsius suspending withdrawals, and 3AC capital going under, etc.These provided good trading…
https://synapsetrading.com/wp-content/uploads/2022/06/Death-Valley-National-Park-California-USA.jpg10211080Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2022-06-17 14:12:022022-06-19 05:01:35Weekly Market Wrap: Is Crypto Nearing the Bottom Soon?
Last week, I had a short interview with Business Insider to share some of my insights on the TerraUSD and Luna crash.For those who are not in the loop, it was one of the biggest crashes in the crypto market, causing many investors to lose…
https://synapsetrading.com/wp-content/uploads/2022/06/terrausd-luna-crash.jpg423752Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2022-06-13 19:55:052022-12-19 02:03:50Short Interview with Business Insider: My Insights on the TerraUSD & Luna Crash
After a tight consolidation the past 2 weeks, the stock and crypto markets finally broke down, and resumed the downtrend.Hence, we have large short positions on stocks, and I only have a small position in crypto, after selling off most of…
Last week, our focus shifted from crypto and stocks to the forex market, where several strong trending moves were taking place.Stocks and crypto have been moving largely in tandem, and are currently having a rebound against the larger downtrend.How…
Last weekend, we conducted another online workshop on the basics of trading and investing, and since it is a SkillsFuture Credit-Eligible Course, participants could use their SkillsFuture credits to pay for the course instead of cash.Thanks…
Last week, we saw a continuation of the existing trends, but since these trends have been running for quite a while, it is likely we will have a short-term rebound, even if the longer-term trends remain intact.We saw weakness in the USD,…
https://synapsetrading.com/wp-content/uploads/2022/05/Seljalandsfoss-Hvolsvollur-Iceland.jpg9481770Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2022-05-28 07:37:442022-05-28 15:10:11Weekly Market Wrap: Has the Stock Market Bottomed?
Last week, the stock market continued to fall, so we continued to hold onto our short positions. I am not sure how much more it will fall, so I will just use a trailing stoploss to lock in profits as it continues to fall.We also decided…
https://synapsetrading.com/wp-content/uploads/2022/05/A-south-africa-14.jpg20482048Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2022-05-21 02:05:362022-05-22 02:57:29Weekly Market Wrap: Time to Buy Bonds?
Last week, the biggest news dominating the headlines is the depegging of UST and the crash of Terra LUNA token, which went from a high of $100+ to almost $0 in a few days.This caused a lot of funds as well as retail investors to lose significant…
https://synapsetrading.com/wp-content/uploads/2022/05/Yellowstone-National-Park-Wyoming-USA.jpg10801080Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2022-05-13 21:09:102022-05-15 03:33:01Weekly Market Wrap: UST Depeg, Terra LUNA Token Crashed 99%!
With the market in risk-off mode and making new lows, it is a good thing our current largest positions are in cash and yield-farming, which is why our portfolio is still net positive even though most markets have dropped by 20-80% from the highs.Recently,…
