With a confluence of good news, Tesla (NASDAQ: TSLA) has been one of my best stock investments to date.

The shares hit a record high after beating estimates for vehicle deliveries in the 4th quarter, and Tesla’s Chinese Gigafactory has started delivering its first cars.

 

Looking at this weekly chart, we can see that the general pattern is a trending trading range.

From 2014 to 2017, the stock traded between $180 and $280, which was around a $100 range.

From 2017 to 2019, the stock traded between $250 and $380, which was around a $130 range. There was a brief period where is also dipped down back to test the prior range bottom of $180.

Depending on where you bought, your returns could range from 80% to 140%, which is pretty awesome for your portfolio.

And now that prices have broke above the $400 level, I am expecting price to stabilise and form a new trading range.

At this point, it is hard to tell where the boundaries of the range is going to be, but if you are looking to buy, then it is best to buy near the bottom of the range once it gets established.

I will continue to monitor this stock since it is in my portfolio, and post any new updates or buying opportunities in my free Telegram channel.

See you on the inside!

In the wake of US air strikes which killed a top Iranian General, tensions between the two countries are expected to flare up, leading to more instability and potential conflict.

 

Amidst the chaos, there are 2 major trading opportunities:

 

  1. Crude Oil

A real-time entry signal was triggered on our “Daily Trading Signals” Telegram channel, giving a timely entry into Crude Oil just before the large price surge.


 

We also shared some analysis in our free Telegram channel, together with some news reports.

 

2. Defense Stocks

The other large move was in defense stocks, and we shared our analysis of Lockheed Martin (LMT), one of the major stocks to break to new highs.

Other defense stocks include Northrop Grumman (NOC), L3Harris Technologies (LHX), and Raytheon (RTN).

We will be monitoring these counters and posting our analysis in the Telegram channel if we see any good opportunities.

Stay tuned!

After reading countless self-help books and websites, the idea of goal-setting seems to be staple advice for anyone looking to get their life in shape.

Hence, every year, either at the end of the calendar year, (or at any significant point in the year such as one’s birthday), it became standard practice to set goals, or resolutions, specifying what one hoped to achieve by the next goal-setting date in 365 days.

But really, how effective is this?

Depending on one’s willpower, one might be able to stay motivated and work on the goal for 1-3 months, but soon after life gets in the way, and the resolution quickly gets forgotten. Hence quite often people end up recycling their new year resolutions.

So is there a better way? (spoiler alert: yes, there is.)

The problem with goal setting is that it shows you what the end-goal is like, but it misses out the exact steps to get you to that goal.

For example, one of the common goal setting methodologies is SMART, which stands for Specific, Measurable, Attainable, Relevant, and Time-based. While these help you define the parameters of the goal, it does not show you how to get there.

That’s where the importance of habits come in.

“A habit is a routine of behavior that is repeated regularly and tends to occur subconsciously.” – Wikipedia

While goals can help you think of the desired end result, habits can show you the path to get those results.

 

Real-life Application

For example, if you are like me, and enjoy doing extreme planning and goal-setting, the sequence will look like this:

Lifetime goal > Goal for next year > Actionables > Daily habits

Lifetime goal: being physically healthy and keeping in shape

Goal for next year: hitting a desirable weight of xx kg

Actionables: eating healthy, exercising more

Daily habits: only eat healthy snacks, eat 3 servings of fruits/veg, exercise 30 mins a day, etc

 

As you might have realised, the main purpose of the goal is to allow you to formulate the daily habits which you should be doing if you want the desired end results.

This means that on a day-to-day basis, you should just be focusing on executing the daily habits. It might seem slow at first, but be patient and wait for the compounding effect to kick in.

 

If you only focus on the goals without clear steps, or try to take huge steps, it will require a lot of willpower every single day to chase the goals. This is why most people give up after a few months, due to a gradual attrition of willpower.

However, if you work on building habits, they do not require much willpower to maintain once they become ingrained, so in a sense it is like working towards your goals on auto-pilot, which greatly increases your chances of success.

 

How to Get Started?

The easiest way is to start with something small, and stick with it, and as the action becomes a habit, slowly build on it. Each level can last anywhere from 1-2 weeks, depending on how long it takes you to ingrain the habit, and automatically do it daily without missing any days in between.

Level 1: Do 5 push-ups a day

Level 2: Do 10 push-ups and 10 sit-ups

Level 3: Complete level 2 and go for a 10 min run

Level 4: Exercise for 30 mins

Level 5: Continue building as you see fit

 

Don’t try to start working on too many goals at a time, it is best to pick the top 1-2 goals, and work on ingraining the habits for them, before moving on to the next goals.

 

The Power of Compounding

In investing we often talk about the power of the compounding effect, and this concept can also be applied to our personal growth.

If we improve our lives by 1% daily,  the compounded returns is 3800% per year.

So, have you set your goals and habits for the year ahead?

On 26th December, there was a rare “Ring of Fire” annular solar eclipse, which occurs when the Moon covers the centre of the Sun, giving the appearance of a fiery ring around it.

Here in Singapore, this sight was visible for the first time in two decades, and will next appear in 2063.

As a former member of the Astronomy club (back when I was in school), I was delighted to see the general public take such an interest in this event.

Here are some of the photos I got:

 

Hope you didn’t miss it, or you will need to wait for another 40 years! 😆

Last weekend, we conducted another successful run of our monthly Skillsfuture workshop, and it was an intense full-day of learning and activities, and not just the theoretical aspects, but the hands-on practice as well! 😀

 

 

I strongly believe that it is important for every individual to master the basics of personal finances, trading and investing, so that they can start building towards financial freedom as soon as possible, by adopting the right habits and strategy to growth their wealth.

For those who are keen to join us for the next intake, you can check availability here: https://synapsetrading.com/skillsfuture-singapore-course-trading-investing/

See you there!