1. Stocksbreakout of well formed bases (volatility contraction pattern/VCP, cup with handle/CwH etc) withconstructive volume price action,typically we do not have to wait too long for respectable gains
2. After a successful breakout, quite often we will see 1–3 timespullbacks(these are natural reactions coming out of base) which provide good entryopportunity to pyramid up position
3. Correctbuy point- usually attight pivotwith stop loss smaller than a single digit, preferablywithin 5%
4. Mustsell into strengtheither in partial/full position once the desired R (risk/reward ratio) is achievedMay hold some for larger gain using MA line as backstop
5.Topping signs- look out for: largest volume and price bar down days, breakdown MA 10/20/50 lines, increased volatility ⛔️⛔️.Avoid over-extended stockunless you are craving for more stress !
6. Alwaystrade with a stop loss🛑 within 8% at correct pivot buy point, preferably smaller than 4% should the trade go into wrong direction
What's next?…look for similar setups in 2H2023to quickly compound capital in shortest possible duration. We only have to find a few trades like these in a year to 2x our $$, that’s magic of COMPOUNDING
(P/s: If you have traded SGX stocks during this period but not one of the above, then there is a problem with your stock selection method. If you hold the above stocks but do not make money, then there is a problem with the right entry and exit points - so lets learn the right knowledge together to ride the momentum stocks)
Recommended read: All books by Mark Minervini (please ensure you re-read them a few times until they appear in your dreams too 🤣🤣)
Please like, subscribe and turn on notification😂😂… so that we do not miss-out 2H2023 opportunities❤️❤️
Happy trading & Good lucks !🙏🏻🙏🏻
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Momentum Trader
OPTerra
:
Thanks! Glad to note that you enjoy reading it. Journaling down my big winners help me reinforce my winning experience and strengthen my belief too! Have a great day !
MattSully
:
Good post! Just a question… why is $SIA (C6L.SG)$ not a screaming “sell” when there are those strong signals: violations of MAs & large vol down days?
Momentum Trader
OPMattSully
:
I hinted a few times in my notes that SIA was very extended including my last batch disposal on 15/6, just a day before the distribution started. But SIA could be setting up again as its finding support at MA10/20, and the pullback was shallow from the top.
Terra : Thanks for the sharing. It takes some effort to do this. Thanks. This is good reference
Momentum Trader OP Terra : Thanks! Glad to note that you enjoy reading it. Journaling down my big winners help me reinforce my winning experience and strengthen my belief too! Have a great day !
Terra Momentum Trader OP : Same for me too. I am learning new stuff everyday from all the expert traders here. Thanks for your efforts.
Momentum Trader OP Terra :![raised_hands 🙌](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f64c.png)
![heart ❤️](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/2764-fe0f.png)
MattSully : Good post! Just a question… why is $SIA (C6L.SG)$ not a screaming “sell” when there are those strong signals: violations of MAs & large vol down days?
Momentum Trader OP MattSully : I hinted a few times in my notes that SIA was very extended including my last batch disposal on 15/6, just a day before the distribution started.
But SIA could be setting up again as its finding support at MA10/20, and the pullback was shallow from the top.
Mama Bear Mitsubushi : Thanks for the sharing!!
Citylife at Tampines : Thanks for sharing.
Winstock : @@Momentum TraderWhat do you think of Sembcord Ind?
Momentum Trader OP Winstock : Not good. Down trending. Next support 4.7-4.8. More time is needed to develop the right side.