Blog: Market Analysis

Wow, another exciting day of shorting and raking in profits. As I explained to some new traders today, there are 2 kinds of positions – the intraday trades and the overnight positions. Both require a different mentality and strategy to trade.

Most people get confused by trying to both at the same time, often with dismal results.

Most people who started off trading stocks (many of our students also trade SGX stocks, and so do I) initially tried to use traditional methods like indicators, which you might get away with for long-term stock trades, but for intraday trading, speed and precision is more refined.

After using such precise techniques, you will find the timing of your stock trades dramatically enhanced as well.

As you can see from the charts below, these timely shorts can easily be spotted on blank charts, and executed quickly without the confusion of numerous conflicting indicators and signals.

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

Singapore Stocks | STI & Banks – Signs of Cracking?

At a cursory glance, the STI is still pretty strong, having had 2 legs up and forming a price cluster after surpassing the prior swing high.

However, a more astute scrutiny unveils potential new sellers stepping in, judging by the sudden large increase in supply volume.

Banks like DBS and OCBC are also exhibiting similar signs, but since both are advancing steadily in a tight channel, the buyers are still controlling the market, and I will continue to hold my long positions.

I will be trailing my stops to protect my profits, and watching for further signs of proverbial cracking. For those who desire a more detailed understanding of how this behavioral analysis works, there might still be a few seats left for our free sharing session next Tuesday.

Singapore Stocks | Vard Holdings – Historical Lows

About a week ago, I shared this chart of Vard which was making historical lows. Buyers of all timeframes, techniques and indicators will no doubt notice this, given rise to a confluence of wills.

After breaking new lows, buyers immediately stepped in due to the vacuum effect, pushing price up 6.4% today. The skill, of course, is spotting it before it happens and anticipating the move, which we did as shown in the screenshot below.

Intraday Forex Trading | Live Trading Session – A Taste of Profits

Today, I decided to try something new, and invited some of my ex-students and program graduates to trade live with me. Since this was just the beginning, I did not want such a big group, and I wanted them to experience first-hand the taste of profits from full-time trading.

All set up, and ready to trade!

Real accounts and real trades

Taking a break 🙂

At 8.02pm, before setting off for dinner, we have already locked in our positions for EUR/USD & AUD/USD, and we are just waiting for the trade to play out and reach our TP. There is no need to keep watching the screen once our SL & TP are in place.

Dinner treats: Sashimi, Sake & Umeshu

At 9:23pm, we had already finished dinner, and we took a few minutes to observe our profits grow and learn how to manage the trade. When I reached home, I realised that my TP had been hit, and I am going to call it a day and be happy with my profits for the day.

If one can be consistent like today and get 50-70 pips daily, trading 2-3 standard lots will allow you to make what a typical person earns each month in their 9-to-5 job. It is definitely not easy to get there, and the path is challenging, but if you take the effort to master the skills, the rewards are definitely worth your hard work!

Singapore Stocks | SembMar – A Surreptitious Change of Hands?