Market analysis, insights and trading ideas on various markets and products!

Spencer Li

5 Tips to Start Your 2014 with a BANG!

As 2013 comes to a close and a new year commences, it is the best chance to review your hits and misses, and think of how to make this year the best year of your life. Here are some handy tips which I have found especially helpful.

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Tip #1   Set aside some alone time to plan your goals
No one succeeds without a plan, so invest some time to plan not just for the year ahead, but also for the next few years ahead. Feel free to share your resolutions with your close friends to enhance your resolve.

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Tip #2  Do something nice for your family
Remember that your family is always there to support you, so do treasure them. It doesn’t have to be something grand, for example I brought my family out for a dinner & movie.

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Tip #3 Learn a new skill
Instead of spending your free time on facebook or watching TV/videos, invest the time to learn a new skill, by reading more books or attending a course. For myself, I have signed up for some enrichment courses, and I am planning to continue my research on psychology and behavioral analysis.

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Tip #4  Do not neglect your health
The 3 key assets a person needs to keep in balance: heath, wealth, time. If you lack any of these, it is unlikely you will be able to enjoy yourself. So this year, make it a resolution to hit the gym or take up a new sport!

portfolio 2013

Tip #5  Start building your retirement portfolio NOW!
You might think I’m crazy, building my retirement portfolio at 27, but personally I feel that we should always begin with the end in mind. After all, if you start planning only when you want to retire, it might be too late by then. It is best to start early when time is on your side, and who knows, you might be able to retire earlier than expected! :p

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The picture above is my portfolio ending 2013. It should give you some useful insights for building your own portfolio.

May the rest of your life, be the best of your life!

 

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Spencer Li

Stopped out on EUR/USD; Holding onto GBP/USD

Some quick forex updates from the Synapse Network:

  • We took some shorts last week, but got stopped out (thankfully before the large spike).
  • We also went long on the GBP/USD, and this has fared much better, so we are holding on to ride the boat.
  • We are also holding long in USD/JPY, but that I will save for another separate post.

eurusd 281213 screenshot

gbpusd 281213 screenshot

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Spencer Li

Student’s Forex Trade Profits $$ – AUD/USD & USD/JPY

Before I jetted off for my holiday, I left a parting gift by posting to go long on USD/JPY and to go short on AUD/USD. I took a few lots of positions myself, which I mentioned in yesterday’s “holiday windfall” post.

Many of my students also took the trade, but of course most of them traded smaller lot sizes in line with our risk management parameters (refer to P&L screenshot below).

This shows that you do not need to risk a lot of capital just to “punt” for windfall gains, or spend hours clicking in front of the screen just to make a few quick bucks. It is all about strategy, timing & positioning, which can be done with as little as 30 mins a day.

I will finally reveal this secret of my hands-free trading technique in my last seminar of this year, but I will limit it to only 30 seats.

audusd 261113

audusd 261113 screenshot

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Spencer Li

Back from Holiday & Surprise Windfall, What’s Next?

After my introspective getaway for a week, which included touring temples, tubing down a lazy river, and jumping from 10m high cliffs, I am much refreshed and energised for the week ahead! (More photos will follow in my subsequent posts 🙂 )

The best part was the surprise windfall I had upon my return. The AUD/USD shorts and USD/JPY longs I was holding was up a couple of thousand, and is still growing. I will update these forex trades in a separate post.

Now, for a quick update on the stock markets.

rank scan 221113 global indices

Last Friday, the US markets once again made relentless highs, defying gravity with its strong inertia. When applying the concept of human behavior, all I can is that greed builds on greed, and the bandwagon effect can provide the fuel for strong trends, which always last longer than you think.

^gspc 221113

The Singapore market, on the other hand, is displaying signs of weakness, which I pointed out in my public seminars a few weeks back. This is in stark contrast with the US markets, giving rise to a confusing divergence. My advice is to trade what you see, and not what you think. Hence, those with long positions should trade with extra caution.

^sti 221113

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Spencer Li

Precision Trading | AUD/USD – Made Back Course Fee with 328 Pips Profit in One Trade

As early as 24th October we started to prepare for this big trade, posting it in my blog and various forums, so that everyone can take this trade together and make some serious money. Let’s follow the journey of this exciting trade!

https://synapsetrading.com/singapore-forex-trading-audusd-the-crucial-weekly-pattern/
https://synapsetrading.com/singapore-forex-trading-audusd-follow-up-from-reaping-profits/

 

audusd 131113One good trade is all you need!

2013-10-26 07.54.37Initiated multiple short positions, and adding on to my winning positions, just like the Jesse Livermore method.

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Manage trades with a tight stoploss, and let your profits run!

2013-11-11 17.37.57Took profits on some positions, and continued to trail my stoploss for a larger move.

audusd 121113Total pips so far: +328 pips! Waiting for my last 0.2 lots to hit the final TP of 0.93.

2013-11-12 16.44.46After taking profit on most of my positions, this is the last remaining 0.20 of my standard lots. I queued to TP at 0.930, which was eventually hit.

This show that with precision and patience, small positions can add up to large profits!
If you are interested, come join the Synapse Network and trade together with us!

complete mentoring program

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