On 8 Dec I made a post being bullish for the rest of 2024. However, the market took at turn after papa Powell decided to rug pull. My apologies to those who have followed and I'm sorry for the poor timing. Nonetheless, most of you should have still ended up with exceptional gains for 2024 if you have followed since start of the year. Take what the market gives you. Live to fight another day and don't die on these rug pulls. 1st two days of new year should have reduced your December losses substantially. Going into the business as usual of January, let's stay long from here. The December dip should have wiped out most weak hands and kept everybody thinking it is the top of this bull run. I think otherwise. With so much money still on the sidelines, I'm still waiting for the real
Special thanks to @TigerTradingNotes for the invitation. I'm excited to share my experiences from the past year with all of you, and I hope we can witness my growth and hard work together.
Most of you should have insane gains by holding your positions till now since early Nov. We're going into the last leg of 2024, please hang in there for the last leg of gains. Not expecting super powerful momentum up, but also still nothing to be bearish about at this moment. Let's milk this together as much as we can. Cheers.
3 weeks past since the US elections concluded. Most of you are sitting on huge profits with the dilemma of taking profits at this point or not. Volatility will likely shake the 2nd batch out with the 10-20% drops. Taking small profits at this point is nothing wrong. However, I will still stay long with my options and stock positions to maximise profits this period. Still more tailwinds than headwinds going forward, with mmf still at pretty high levels and interest rates coming downwards. Look forward to DOGE department maximising the efficiency and cresting value add in the poorly run government. It is healthy until it is unhealthy, go with the trend now and cut only when we should cut.
One of the most volatile weeks in 2024 just finished on a high. With trump winning the elections, many are expecting stock market to carry higher in the next few months. On the other hand, there are also lots of people who are positioned well seeing huge unrealised profits in their account. How to move forward? I'm not taking profit at this moment, hoping to ride this further into the green. Profit taking by paper hands will cause some volatile price movements but those fomo will cause this to go even higher I believe. Still, no harm taking small profits along the way if it makes you psychologically stronger, but the one who makes the most will be the one not taking profits now. Let's ride this together!
Congratulations to all who took up positions before the elections, most of you should be in profits other than those who invested in China stocks. Unsure how the tariff play will pan out, but will sit that out for a while and focus on the things that look more positive. In my opinion, even after the big run up, we should have enough gas in the tank to bring us higher through Christmas. Still roller coaster ahead, hang tight and enjoy the ride.
Markets are at all time high and is it a good time to buy? US election is just around the corner. It can be quite volatile leading up to the elections as uncertainty discourages investors from taking positions. My take? Stay long without adding new positions and buy on dip these two weeks. There may be wild swings during the week of elections but hang tight in this roller coaster ride. Once all clear, market will start to realise the potential it has. Let's go.
Some thoughts after being asked several times: what are the parameters you normally focus on? 1. Risk / portfolio management. Never over trade, never leverage. 2. Never look at data from 1 trade, 10 trades or 100 trades, look beyond at bigger data for better reference 3. % win is never important alone. % ror is also not important alone as well. % win + % ror is measured together.
Roller coaster week just past. Consistency is what we strive to achieve, but as much as we want, smooth earnings curve is never possible. Time in the market is better than timing the market!