NIO - Repair a losing trade back to health.. Plan and Action.

 

How The Proprietary Expert Advisor Pinpointed The Actual Entry Location Along The Uptrend? Amazing....(PropNex)

See the indicators triggered "Buy" Point for Propnex Stock as the price trends higher...

Still don't believe the power of the diamond indicators... 

Check below. Years ago, when I started to code my personal system, I was hungry to test the
coding in different market such as Hong Kong Stock Market, Australia Stock Market, US Stock
Market and etcs.

The purpose was to make sure that the indicators work in all markets. 

Below were a way that I tested to coding using a online virtual portfolio that mimicked the real
US market condition with virtual money of 1 Million Dollar.

I would over a period of time, consistently reviewed the stocks in the portfolio, replaced
the weak ones with stronger stocks. Over the time, it proved that the system was working fine
with 61%  returns.

Click the links below to see the results!

Year:2011

Year: 2015

Year: 2016

The above trading strategy and methods are shared with limited number of closed friends
to show how I can make  profits in the market with a clear goal and trading plan.

How is S&P500 Index doing so far?

 

Is S&P500 going to retreat lower towards 3200 level as seemed in the past?

In December 2020, I started to monitor DOW and S&P500 and I told my friends 

that there is a possibility that the US market might have a deep retracement

repeating last March 2020..

The response, no one can predict the future, the indices are still trading higher, not

likely to pull back soon.

Personally, I estimated that a retracement could be possible end Feb to March

2021. 

Let's see. As I just gotten my US trading account setup, waiting for the right time

to pick up good stocks. 

Cheers!

Residue Trading Strategy to extend Profits Opportunity to the fullest.

250221 - residual trading is to leave some lots behind by not selling the total accumulated
lot size of 70lots.

As the stock started to trade higher, we do not know when the selling spee will come
and quickly dissolved all the profits on the table, as such it is advisable to take profits
along the uptrend during a massive rally. In many times, we hope to know where
the trend will end so that we can sell before the price starts to fall and stop eating away
the profits. But it is rather tough to catch the bottom and top. Even then, holding
overnight also carries risks as any devastating bad news after trading hours will affect
the stock price to open gap down violently the next day and take away all the profits
and even worse, below our entry price.

Therefore, it is advisable to sell into the rising market and secure the good profits without
 much effort.

But do you sell all the lots?

In actually fact, always leave some lots around so that in the future, you can perform
average in the trade as the price continues to move higher after a retracement. e.g. 20%

So how I decide where to sell and how I know my potential hit rate with confidence,
for example, we assume that the start of the bullish move from 0.05 to 0.14 level. 

Refer to the chart, $0.05 (triggered "Super Golong" Gold Diamond Proprietary Indicator),
showed the price started to move up from $0.05 level. Assuming my maximun profit level $0.14.

This is how I calculate the hit rate to certain degree of accuracy.

As you can see that the closed price today is $0.119 which is at 75% price target and
moving towards the 100% price target, the chance is 5% luck...  

So what I did was, as the price moved towards 50% price target, I decided to unload some
of the holdings as I know the probability of hitting the next price target 75% is getting
slimmer... 

What I meant by "Residue Trading Strategy", this is a strategy that I have designed
and implemented in my trading and has helped me to achieve more profits.

By leaving about 20% of the total  lot size in the stock, we have a potential opportunity to
continue averaging in as the stock price starts to recover and move up the trend again. 

If it does not show sign of uptrend by continue to trade lower, you should just exit with the
remaining profits made from this 20% holding and be happy with what you have made.

Trading is more like a mind game, we are playing tactical game between two ears.

As shown above, I have 20lots@$0.095 left in the game to continue achieving more
profits for me. As I have already realized  79% profits, it is ok to let this 20lots to
continue to fight for more profits for me.

Happy Profitable Trading.

 

How to buy Low and Sell higher?

 

Witnessed that price made a low at point 1 and rebounded away. It is ok to miss

this opportunity as we do not know if this is the low point.

In order not to miss the next opportunity, you need to draw a horizontal line at point 

1 and extend to the right side as shown.

Sit and wait patiently for the price to come back to re-test point 1 low.

Next opportunity at point 2 came in mid-June where the horizontal line at point one

low was touched.

When price is moving towards point 2, you should be on high alert each day checking 

if the price would retest and bounce away from the point 2. If it did as shown at 

point 2, without hesitation, just enter the order to buy once price is above the 5SMA (blue line)

with cut loss below slightly below point 2 low. 

Watch to make sure that the cut loss does not trigger for the one week after purchased.

The rest will be history. With low risks to high returns ahead, enjoy the hell of a ride to 

the north pole. You need GUTS to make it work for you.

When you see BLOOD in the Market, look for buying opportunity

 

Buy when the price bar are RED, Sell when the price bar shows upper long tail > 50% of its body.

You will never go wrong.

When you buy, the price bar should be in Red and bleeding, what you need to do is to patiently

wait for the bleed to stop and you are on the way to recovery.

Patience is the key to success picking bottom and selling top.

Good Luck!

Happy Profitable Trading 2021! 

How to know if the break out will be geninue?

 

Base on 15th Jan closing, price is closing up to the Resistance level or Supply zone....

How to know if the future break out will be genuine or fake?

There is a way to know by careful study of the current trend and price action.

Let's see how will this break out pent out before I share what you should look out for.