Lioooooo
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$Meta Materials (MMAT.US)$ as usual, pc of shit showing
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Post your learning results by taping the discussion: TA Challenge: Breakout? Reversals? How to use Bollinger Bands?
Hi, mooers!
Congratulations! You've arrived at the 2nd TA Challenge!
Created by John Bollinger in the 1980s, Bollinger Bands (BB)...
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Lioooooo
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I understand that 2022-2023/2024 will be a stormy ride. Instead of reallocation,(I believe long term valuation) I have planned to set aside $1500 every month for investments. A third of it will go to US stocks for DCA when price is right or when there’re good upcoming IPOs. $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Roblox (RBLX.US)$ Two Third will go to SG dividend stocks. $Keppel (BN4.SG)$ $DBS Group Holdings (D05.SG)$ $Mapletree Ind Tr (ME8U.SG)$ I will also try to stop myself from the temptati...
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2022 is the year where:
Growth stocks
1. Rebalance my portfolio by selling some stocks when they break even
2. Hold and prepare to DCA when price falls
3. Always look into steady long term investment
4. Always on the lookout for good value stocks
SG Dividend Stocks
1. Invest $1000 every month with 70% into dividend stocks, 30% into saving for healthier margin + prepare for DCA
2. Looking out for new steady company
Continue with Forex
1. Developed a discipline profitable ...
Growth stocks
1. Rebalance my portfolio by selling some stocks when they break even
2. Hold and prepare to DCA when price falls
3. Always look into steady long term investment
4. Always on the lookout for good value stocks
SG Dividend Stocks
1. Invest $1000 every month with 70% into dividend stocks, 30% into saving for healthier margin + prepare for DCA
2. Looking out for new steady company
Continue with Forex
1. Developed a discipline profitable ...
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Lioooooo
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Risk Management is not solely about cutting losses.
1. Set your RR, Stop Loss & Gain before entering a trade. Stick to this plan, DO NOT deviate from it due to Fear/Greed.
2. RM is about psychology too.
- Don't jump into trade, FOMO.
- Chase a trade after huge loss
If u r not mentally prepared for trading, 90% u will burned out in a few months.
3. Do Not...
- Jump to live trade after learning a few strategies online or YT. Do your DD, test out the strategies on paper trade.
- Follow the gut instinct of others comment.
- Thinking today is my Lucky day, placing >50% of ur account in 1 trade.
- Double up after losing a trade without SL.
- etc
My point is ... Never believe you can become an expert/winning trader in a few weeks/months.
It take a few of years of learning to just become consistent. (lot of emo/giving up along the ways)
Most consistent trader will loose ~40% of the time & still be profitable.
I would compare trading as to scuba diving.
Scuba diving is a safe but also labelled as a dangerous sport.
SAFE - when u learn all the fundamental courses, both theories & practical. Clock your dive logs consistently. And most importantly, know your gears & maintain them well.
DANGEROUS - when u on a vacation & took a dive experience crash course.
U learn everything in a few hours & put on some wear out gears. Off u go on a boat for your 1st dive.
If u lucky, u will manage & see a few fishes. But if you r not, u will end floating on the water surface, face down.
1. Set your RR, Stop Loss & Gain before entering a trade. Stick to this plan, DO NOT deviate from it due to Fear/Greed.
2. RM is about psychology too.
- Don't jump into trade, FOMO.
- Chase a trade after huge loss
If u r not mentally prepared for trading, 90% u will burned out in a few months.
3. Do Not...
- Jump to live trade after learning a few strategies online or YT. Do your DD, test out the strategies on paper trade.
- Follow the gut instinct of others comment.
- Thinking today is my Lucky day, placing >50% of ur account in 1 trade.
- Double up after losing a trade without SL.
- etc
My point is ... Never believe you can become an expert/winning trader in a few weeks/months.
It take a few of years of learning to just become consistent. (lot of emo/giving up along the ways)
Most consistent trader will loose ~40% of the time & still be profitable.
I would compare trading as to scuba diving.
Scuba diving is a safe but also labelled as a dangerous sport.
SAFE - when u learn all the fundamental courses, both theories & practical. Clock your dive logs consistently. And most importantly, know your gears & maintain them well.
DANGEROUS - when u on a vacation & took a dive experience crash course.
U learn everything in a few hours & put on some wear out gears. Off u go on a boat for your 1st dive.
If u lucky, u will manage & see a few fishes. But if you r not, u will end floating on the water surface, face down.
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Lioooooo
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By cutting out “emotion” of the equation. The Stop Loss and Profit Target is extremely easy - as long as you have significant self control.
Whenever you trade, invest and everything in between, have a fixed, rational cut-off. Sell/stop the moment you hit that point. It is truly that easy.
E.g.
![]()
An active trader : > 5% level
![]()
Long-term investor : 15-20% or more (depending on your risk appetite)
The only reason to not stop - is purely driven by emotions.
Knowing when to cut your losses literally means overriding the irrational part of your brain.![]()
Profit Target is equally easy. When I invest, I have a target in mind - if I exceed that special number, I will take out my profit which I wanted to make. And, let the profits run it’s course. Will it continue to soar to the Moon![]()
...? Awesome if it does, but no problem, I got what I wanted anyway.
It's not about how to program an automated trading algorithm. The phrase is more about psychology. Traders are more likely to be tempted to realize profits earlier than it’s optimal or to hold onto losing stocks in the hope they bounce back. This has more to do with how people think than technical details. Don't overthink it.
A Profit Target or an Exit Strategy? YES, you do need to take profits eventually. While profit-taking should not be concluded by staring at your account's unrealized gains column, you ought to have some sense of where and when momentum's dried up or sentiment's changed. That's when you need to re-assess or get out.
I am up 200% on $NVIDIA (NVDA.US)$ stock.![]()
Should I take profits?![]()
What’s my pick?![]()
Should I go long, into 2022?![]()
$NVIDIA (NVDA.US)$ seem to have a bright outlook and profits are really growing.
However, that’s how trend trading works in principle, and yes - I could hypothetically hold a profit forever (if the market stayed green forever). NO - cancel that; at some point, I would![]()
to cash out and buy myself an island - maybe Tasmania… ( totally kidding, I don’t have that much Nvidia ![]()
)
![]()
Do remember, Stop Loss or Profit Target - It is not about winning every battle. It is about winning the War.
$Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Hang Seng Index (800000.HK)$ $Apple (AAPL.US)$ $Starbucks (SBUX.US)$ $Fiverr International (FVRR.US)$ $QuidelOrtho (QDEL.US)$ $Tesla (TSLA.US)$ $American Express (AXP.US)$ $Paychex (PAYX.US)$ $Fortinet (FTNT.US)$ $Futu Holdings Ltd (FUTU.US)$ $Microsoft (MSFT.US)$ $Ford Motor (F.US)$ $Stitch Fix (SFIX.US)$ $Lennar Corp (LEN.US)$ $Salesforce (CRM.US)$
Whenever you trade, invest and everything in between, have a fixed, rational cut-off. Sell/stop the moment you hit that point. It is truly that easy.
E.g.
The only reason to not stop - is purely driven by emotions.
Knowing when to cut your losses literally means overriding the irrational part of your brain.
Profit Target is equally easy. When I invest, I have a target in mind - if I exceed that special number, I will take out my profit which I wanted to make. And, let the profits run it’s course. Will it continue to soar to the Moon
It's not about how to program an automated trading algorithm. The phrase is more about psychology. Traders are more likely to be tempted to realize profits earlier than it’s optimal or to hold onto losing stocks in the hope they bounce back. This has more to do with how people think than technical details. Don't overthink it.
A Profit Target or an Exit Strategy? YES, you do need to take profits eventually. While profit-taking should not be concluded by staring at your account's unrealized gains column, you ought to have some sense of where and when momentum's dried up or sentiment's changed. That's when you need to re-assess or get out.
I am up 200% on $NVIDIA (NVDA.US)$ stock.
What’s my pick?
However, that’s how trend trading works in principle, and yes - I could hypothetically hold a profit forever (if the market stayed green forever). NO - cancel that; at some point, I would
$Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Hang Seng Index (800000.HK)$ $Apple (AAPL.US)$ $Starbucks (SBUX.US)$ $Fiverr International (FVRR.US)$ $QuidelOrtho (QDEL.US)$ $Tesla (TSLA.US)$ $American Express (AXP.US)$ $Paychex (PAYX.US)$ $Fortinet (FTNT.US)$ $Futu Holdings Ltd (FUTU.US)$ $Microsoft (MSFT.US)$ $Ford Motor (F.US)$ $Stitch Fix (SFIX.US)$ $Lennar Corp (LEN.US)$ $Salesforce (CRM.US)$
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Lioooooo : what does it mean bro?