$Genting Sing (G13.SG)$ Friends often ask me how to look at ...
I often have friends ask me how to analyze this stock.
First, from my own trading system's perspective, we are currently in a 'junk market', which means there is no clear direction of whether to go long or short with a higher probability. If you want to trade well, you must analyze after making a selection in the market, and then take action. Any behavior that tries to beat the market is gambling behavior.
In the US stock market, trend following trading is a high probability system, while in the Singapore stock market, it is the opposite and tends to be a volatile market. If we analyze this stock using a trend following trading method, it is currently in a bearish trend. As I mentioned before, the Singapore stock market tends to be volatile, with a estimated success rate of 50%-60% for trend following trading. The trend following trading method can be used selectively.
By the way, everyone knows that in a casino, the success rate is 50%:50% and the odds are 1:1, so as long as you gamble long enough, your assets will eventually reach zero. The stock market is also like a casino, but the odds are different and so is the success rate. What an investor needs to do is not to buy stocks based on feeling, but to use a trading system (also known as algo) that has been validated through a large number of samples to determine the success rate and odds for investment. Gambling only allows you to see your assets soaring and falling, without a clear endpoint. True wealth is accumulated through numerous small, guaranteed profits. I wish all my friends successful trades.
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Start: 16/04/2024
KC strategy
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⥣LiD1016⥣ OP : Nothing is 100% certain in the stock market, but as long as there is a 60% probability of certainty, it can be said that it is a definite thing