Made $14,321.61 in May Based on Trend Following Strategy
I made S$14,321.61 in May as trading profit based on the trend following strategy. It is to control risk, to and prevent from big loss, and to accumulate profit and ensure the profit making approach is repeatable.
Picture 1: P/L in may 2024
Picture 1: P/L in may 2024
The trend technical indicators used include MA, DMI, IC as base, break-out as trigger, sometimes Mark Minervini’s VCP as a condition (optional, not a must) to validate the trigger as an entry signal.
I am a scholar turned business manager and believe in taking predicted risk based on systemic approach or algo. Trend is a systematic thing to me.
Below are actual buy and sell points I made on Singapore Airline and SamuraShipping.
Picture 2: Trade on Moomoo for SIA
The chart of SIA above showed buy actions during cycle 1 on the left of the chart and buy actions during cycle 2 on the right hand side of the chart. Cycle 2 selling took place in May 2024.
Picture 3: Trade on MooMoo for SamuraShipping.
The chart of SamuraShipping above showed a buy action at MA cross above and another buy action at a VCP validated buy signal (pull back to MA).
For new investors, my advice is to spend less and leverage on trading technical analysis to sustain a longer time with the money one initially allocated and try to find a profitable approach for himself within that period.
Moomoo’s low commissions, sometimes zero commissions for 1st year, play a big deal for investor’s money. Moomoo’s wide range of technical indicators available and powerful charting technologies can enable trader/investor to put on enough relevant technical indicators on one chart that could support investors to make a rational trading/investment decision .
The above were also the reasons I have chosen moomoo.
In addition to the above, I post sharing of my buy plan of popular tickers either in advance of my buy action or shortly after my buy action on moomoo chat room that might help you to reduce your trading/investment risk if you choose to get an alert from moomoo platform on my posting.
In conclusion, the key to success for me is to have found my way so that I can repeat successful trade/investment and control risk of loss.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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2024H1 Moomoo Alchemist
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Jensen Philanthropy : Big fish wow
Paul Anthony Chin : good will tq
be4Bharat : Very good. I am also in favor of systematic approach. I use supertrend indicator with 40EMA as a confirmation. By the way I am new to the MooMoo platform. Two basic indicator I couldn't find Supertrend and LINEAR Regression channel. Thanks for sharing your stretagy.
Simon33 OP be4Bharat : good start. I use Keltner Band. Some people use Bollinger Band.
calm Cheetah_9462 : Thanks for sharing . I amnew investor and also love to trade based on systematic approach . Any one recommend me some sight to learn and gain knowledge about technical analysis , how to use different plots etc- - like what Simon show above . Thank you .
Simon33 OP calm Cheetah_9462 : moomoo help center is a good tool for you to start and gain essential knowledge, imho.
calm Cheetah_9462 : @ Simon , in moomoo help center do have any video to learn or just all by reading article only. If video pls let me know i will continue to look . Its easy to learn with video and graphical illustration instead just by reading theroy . Thanks
Simon33 OP calm Cheetah_9462 : may call moomoo phone number, their service people are very friendly and patient, based on my experience of calling moomoo Singapore. I myself only saw many titles of text and video under help center section but not familiar with them enough for the technical support.