1H2023 Review of SGX Star Performers ✨
I’m journaling my SGX star performers below for the 1H2023 trades. Save for Keppel Corp, I traded 5 over 6 of them 😎 ![]()
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Hope the information is helpful for your reference as well. These stuffs are pretty much textbook turned reality![]()
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Hope the information is helpful for your reference as well. These stuffs are pretty much textbook turned reality
$YZJ Shipbldg SGD(BS6.SG$ - 1st natural reaction now, opportunity coming ![]()
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Key points:
1. Stocks breakout of well formed bases (volatility contraction pattern/VCP, cup with handle/CwH etc) with constructive 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 times pullbacks (these are natural reactions coming out of base) which provide good entry opportunity to pyramid up position
3. Correct buy point - usually at tight pivot with stop loss smaller than a single digit, preferably within 5%
4. Must sell into strength either in partial/full position once the desired R (risk/reward ratio) is achieved ![]()
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May 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 stock unless you are craving for more stress !
6. Always trade 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 2H2023 to 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 🤣🤣)
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Happy trading & Good lucks ! 🙏🏻🙏🏻
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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80% technical 20% fundamental.
A momentum swing trader and follower of Jesse Livermore, Bill O’Neil and Mark Minervini
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Terra : Thanks for the sharing. It takes some effort to do this. Thanks. This is good reference
Momentum TraderOP 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 TraderOP: Same for me too. I am learning new stuff everyday from all the expert traders here. Thanks for your efforts.
Momentum TraderOP Terra:
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 TraderOP 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.
Tadamaen : Thanks for the sharing!!
Citylife at Tampines : Thanks for sharing.
Winstock : @@Momentum TraderWhat do you think of Sembcord Ind?
Momentum TraderOP Winstock: Not good. Down trending. Next support 4.7-4.8. More time is needed to develop the right side.