Market analysis, insights and trading ideas on various markets and products!
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.
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.
Today, I saw a low risk shorting opportunity on the USD/JPY, and shorted with hesitation. I knew there would be important news tomorrow, but I calculated that it would be able to hit my TP by today.
Unfortunately, my calculation was wrong, but because I used my dynamic position-sizing and risk management techniques to manage my trades, I managed to scratch out with no loss even though I had miscalculated.
Even when you have reached a high level of skill, there will be times when you will make mistakes. Taking a small loss is no big deal, it is part of trading. The important part is knowing how to manage your risk and psychology effectively, something which I have to help many new traders with.
I will be sending out the invitation for my talk during lunch today, so this is the last chance to sign up for the exclusive events mailing list in the sidebar. After this, there won’t be any more talks for a while due to Chinese New Year.
I just posted some key charts on SGX and UOB in the private “Synapse Club” forum, which I think have some good trading opportunities, and is an important signal of what is to come in the market. I shall share more during the talk this Saturday, and everyone will get a chance to talk to me, so bring your questions if you have any.
See you there!
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.
In one of the private Skype chatgroups (this one is for full time professional traders only), I openly shared with other traders that I was 90% confident of my predicted target price.
From the chart, you can see the 2 black horizontal lines, showing 1.3370 and 1.3340. This was a quick and easy 30 pips profit trade, using one of the price behavior patern readings.
How can I be so sure that price would reach 1.3340 before correcting? Well, that is the science of precision market timing. I will be sharing more in my seminar next week.
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.
This was mentioned in my previous market outlook seminar as well, and I will be giving another one this coming Saturday, so do join us if you don’t want to miss out on the next important price moves.
As you can see, behavioral analysis can be used for long-term investing as well, by studying the major BIG breaks, swings, bounces and turns. Sometimes it seems so simple that it’s laughable, but with this simple tool for market timing, investors can grow their capital much faster by catching the BIG moves only when they are happening, and keep their money constantly working for them.
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.
