Congratulations to K E R L O, also known as @carlosamonte, for spotting $CHP (Cemex Holdings Philippines, Inc.) 17 days before it even formed its Inverse Head and Shoulders bullish reversal pattern! He notes that there could be two possible ways to enter the stock: either at the 0.5 or 0.168 Fibonacci levels for aggressive traders, or at the breakout of the neckline at 2.80 for those who want to wait for confirmation.
Initial Spot:
A few days after:
Here’s what happened a few days after Carlo posted his initial view on $CHP. He noted that if you weren’t able to catch the dip towards support levels, it’s okay since that would’ve been a very risky and aggressive buy. Carlo reiterates that the next optimal entry is the breakout from the Inverse H&S pattern at 2.80 area. He also gives everyone a very important reminder, if you planned to purchase $CHP when it broke out, then you should also practice proper risk management and place your stop below the breakout level. Lastly, he says that possible take profit areas would be 3-3.20, then possibly 3.40-3.60 levels.
On Technicals:
Currently, $CHP has already broken out of its Inverse H&S pattern on above average volume. Taking a look at a longer-term view, we can see that the volume activity since the end of 2018 is MASSIVE compared to the months prior, indicating that a reversal, or at least a counter trend rally, may be brewing. Take note, $CHP is still in a long-term downtrend. There’s still a ton of overhead supply since there are still trades holding on to losing positions which may act as a resistance as prices continue to climb higher. So, unless there’s a significant catalyst that indicates a reversal, a swing towards 3.50-3.60 levels may already be a good area to trim majority of your position.
Kudos again to Carlo for spotting the $CHP more than two weeks before the Inverse Head and Shoulders pattern was completed. Your FREE one-month InvestaJournal will be accessible to your account soon! Let’s all keep an eye on this stock this coming trading week to see if it can potentially break the 3 pesos resistance.
Congrats also to everyone who was able to ride his analysis – you possibly gained around 25% coming from its bottom at 2.32 and last Friday’s close at 2.92 or it’s breakout!
Most traders, if not all, aspire to double their portfolio in the shortest span of time. And with that goal, traders easily get hyped with the latest trending scheme. Be that inside the markets with a speculative merger, a new investment project, or even an FDA approval, our greed cannot handle the potential “gain” we might miss. Mark Ritchie II specializes in this kind of play. He knows when to get in before the stock begins to skyrocket, and more importantly, he knows when to get out when the stock has already made its top.
Mark Ritchie II has made quite a name for himself when he won Mark Minervini’s Triple Digit Stock Challenge back in 2010 by achieving triple digit returns in less than six months. From 2010 to 2014, he’s grown his managed funds tenfold from its initial amount, consistently compounding his portfolio year-in-year-out. With that much traction, he was officially invited to be one of the 4 Momentum Masters arranged by Mark Minervini’s roundtable interview.
Speaking for someone who you have only read from the books can be quite daunting, but not for Andy Yiu who’s been specializing and mastering the art of momentum trading. Andy is one of the retail traders in Singapore we interviewed to share on his experience. He primarily trades US Stocks, and is slowly adjusting his system to handle the FOREX Market.
By replicating the mindset and strategies of the Four Momentum Masters, Andy had a strong foundation on the essentials of momentum trading. From habits to daily routine, stock screening to stock selection, and planning to execution, Andy has gathered major key points from all Momentum Masters to create his own momentum system.
Coincidentally, when we asked Andy, who among the four-momentum masters he relates to the most, he answered “Mark Ritchie”. Why? “Because upon studying his core beliefs and principles into trading, integrating his strategies to improve my own were the easiest. It’s as if we have the same trading personality, so with most of his answers, I can easily agree. The only difference I see is that he on level 10, while I’m still at level 3 continually improving my craft.”
As always, we always end our interview with the question, “Do you think you would be where you are at your trading journey without the help of Mark Ritchie and the 3 other Momentum Masters?” Andy responded with, “No, I do not think I would have survived trading at an early stage. I do not have a personal mentor, so they were my virtual mentors when I needed answers. When I get stuck, I usually just reread the book corresponding to the topics I have questions on, then eventually gets it. Without the book, I would be likely still at level 1, without any direction.”
Our journeys at finding one’s trading style to fit one’s personality does not have to be alone. As traders, we should find mentors who match our needs and our goals. Here at the Investagrams Trader’s Summit, we have gathered a wide array of traders and investors, each a master of their own craft. So whether you’d like to level up your trading, or you’re still finding which trading style fits you, everything is made possible at this grand event.
Congratulations to Lao a.k.a. @lao__ for spotting $MAXS (Max’s Group, Inc.), a turnaround situation, two trading days before it broke out of its downtrend line and the 20-day moving average! He noted that $MAXS will need to display good volume, preferably above average, in order to break and stay above the downtrend line and hover above MA20 in order to sustain the upswing. This was posted on the Market Wizards InvestaGroup where members share their analyses on different issues, so if you want to see the exclusive insights of other fellow traders, you should definitely join the group!
On Technicals
$MAXS is still in a long-term downtrend, but has shown signs early this year as a potential turnaround situation. From the beginning of 2019, it went as high as 60% YTD, but has been decline over the past weeks. The stock was able to find support at the support levels of its previous consolidation pattern at around 12-12.50 pesos. Based on Lao’s post, $MAXS needed to break above its downtrend line and the 20-day moving average on good volume in order to continue its upswing.
Current Chart of $MAXS
As pointed out in the chart, $MAXS was able to successful breakout today above its downtrend line and MA20 on above average volume. Given the volume the past four trading days being all above average with only one red candle, we may have not seen the last of $MAXS. Many may have taken this out of their watchlist due to the -23% decline from 16 pesos, but now we may still see a potential run for this stock.
$MAXS is still definitely benefitting from the decreased inflation rate in the prior months, and its earnings since the 2nd quarter of 2018 have all been positive. These are good signs that the stock may have bottomed out, and the reversal may still occur. For now, we may see a potential swing to 14.50, a resistance level noted by Lao. If $MAXS then continues to show strength and sustainable demand, a possible retest of 16 pesos may occur in the coming weeks.
Kudos again to Lao for spotting $MAXS two trading days before it broke out, and for posting his analysis on the Market Wizards. Your FREE one-month InvestaJournal is on the way! To learn more about InvestaJournal, please visit: www.investagrams.com/investaprime
Congratulations as well to everyone who were able to buy the breakout today! Cheers!
Well, it depends. End-Of-Day trading (also known as EOD trading) benefits those who are mostly consumed by their 9am-5pm jobs and students who are in class the whole day. On the other hand, Intraday trading benefits those who have a lot of time to themselves or those who can access the market at any time during the day. Both approaches have their advantages and disadvantages. To identify which approach to use, you will need to do an objective personal assessment of your personality and circumstance.
Intraday Trading Advantages
1. You get to enter strong breakouts at a good price that don’t give any pullbacks.
After breaking out of its consolidation, $FOOD (Alliance Select Foods International, Inc.) never looked back. It went up 50% from the breakout point without giving any pullbacks. If you waited for EOD to execute your buy order, $FOOD would already be up 28% from the buy point which is already too extended. If, however, you bought this during the time it broke out within the day, you would’ve been able to ride the move.
2. You can cut a position early in the day to avoid a major breakdown.
If you bought $PXP (PXP Energy Corporation) on the 19 pesos breakout, your stop would most likely be placed on a break below 17. I’m pretty sure many of us remember what happened to $PXP at this time, despite all the positive news the stock continued to breakdown. If you waited for EOD to execute your stop loss, you would’ve incurred a -25% loss! By selling your position once your stop is hit intraday, you remove the risk of suffering a major breakdown. Also, receiving alerts from InvestaWatcher is also a good way to avoid a sudden sell-down that requires nimble hands to save your capital.
3. Tsupit plays (Quick profit trades)
Now if you have the time and experience, you may choose to participate in big intraday movements on lower timeframes. Take $PHA (Premiere Horizon Alliance Corporation), for example. If you used a lower timeframe, you could’ve traded several swings and yield a handsome profit. While if you missed the initial move, you could use lower timeframes to spot buying opportunities.
Intraday Trading Disadvantages
1. Fakeout. Fakeout. Fakeout.
However, intraday trading also has its disadvantages. If you buy a breakout without confirmation, especially in a bear or corrective market, you will be prone to experiencing multiple fake breakouts or “fakeouts.” If you bought $IS (Island Information & Technology, Inc.) when it broke out of its ascending triangle pattern, you would’ve gone through a frustrating fakeout. If you waited for EOD for breakout confirmation, you would’ve avoided this stock.
2. Shakeout. Shakeout. Shakeout.
Here’s the exact opposite of a fakeout, a shakeout. $VUL (Vulcan Industrial & Mining Corporation) was one of the leading stocks during the midst of last year’s bear market that yielded a handsome 280% gain in five months. $VUL created multiple continuation patterns to give those who missed out on the initial breakout an opportunity for entry. If you planned to buy $VUL at its 2 pesos support in the highlighted candle and had a stop at 1.85, you would’ve liquidated your position if you executed your stops intraday. If you didn’t have a buyback plan, you would’ve missed a 51%.
EOD Trading Advantages
1. You are given a confirmation before entering breakouts.
$ISM (ISM Communications Corporation) was also one of last year’s market leaders. The stock underwent a five-month consolidation before successfully breaking out. However, before the successful breakout, $ISM gave a fakeout. Those who bought during the fakeout may not have been able to buy back $ISM when it finally broke out successfully, leading to a missed 139% winner! However, if you waited for confirmation, you would’ve only purchased ISM when it broke out successfully.
2. You avoid prematurely executing your stop.
Now we are not suggesting, and we do not encourage waiting for EOD to execute on your stops especially if the price you’re supposed to liquidate is already hit. However, if your circumstance dictates, you cannot check the market until near the closing, then you avoid the risk of prematurely exiting your position that dipped intraday. If you bought $PXP at its 8 pesos support and had a stop at 7.50, you would have stuck with your position since it recovered EOD. Then in a few short weeks, $PXP skyrocketed and made a 137% return in only five days.
3. You don’t have to stare at a screen the whole day.
By doing EOD trading, you’re are given the ability to focus on other things besides the market. If you’re working at a company, you can focus on your tasks and attend meetings without needing to check the markets. If you’re a student, you can pay attention to your classes. BUT that doesn’t mean you can’t execute your trades a little earlier. With alerts from InvestaWatcher, you can discretely execute your trades whether you’re busy at work or school.
EOD Trading Disadvantages
1. You miss out on a BIG move that transpires intraday.
This is one of the biggest disadvantages of trading EOD, missing out on an explosive move since the stock is already too extended from the ideal buy point. $GREEN (Greenergy Holdings Incorporated) was one of the market leaders early this 2019, if you waited for EOD to wait for confirmation of the move, you would’ve missed out on a 32% move in one day.
2. You’re prone to a sudden breakdown in price.
$PIP (Pepsi-Cola Products Philippines, Inc.) broke down out of its five-month consolidation after a bad earnings report which caused heavy selling. If you waited for EOD to sell your position, or if you only check the market after 3 pm, you would’ve had to sell $PIP at a -14% loss. If you accumulated PIP during its consolidation as a position trade and waited for EOD to execute your stop, you would’ve experienced a -14% loss!
Final Thoughts
Choosing to execute either intraday of end-of-day is and has always been one of the hardest questions to answer, especially when you’re still starting out as a trader. To find out which approach is best, you will need to assess yourself as a person and your own circumstances. Both approaches have its advantages and disadvantages, it is up to you to figure out which one will benefit you as a trader!
#TRADERSPOTLIGHT: An interview with Super Trader from Cebu – Diolito Igloria Jr
Through our new segment #traderspotlight, we will have interviews with trading competition winners, rising traders, and well-known individuals with varying levels of success. These interviews revolve around the struggles and successes of these people throughout their competition journeys, trading experiences, and the life itself and how it molded them as a person so you could learn a thing or two from their stories. Let’s start!
It is with great pride that we had the privilege to interview one of the super traders from Cebu and a rising star of Investagrams — Sir Diolito Igloria Jr also known as “DaVinsoy Trader” (@dioross).
If you are not familiar with Diolito, let us show you his achievements during several of our competitions:
Investagrams Trading Cup 2018: 3rd Runner Up
Investagrams Trading League 2019 Round 1: 3rd Place
Investagrams Trading League 2019 Round 2: 1st Place
Investagrams Trading League 2019 Round 4 Week 1: 2nd Place (ongoing competition)
Pretty impressive right? Diolito is not only a great trader; he is also a great husband and a father. He’s been trading the stock market for the past four years, and formally resigned from his job in 2018 to become a full-time trader and a full-time father. He is still in the process of finding out if he made the right decision but based on his rankings in our competitions alone, it seems like he chose the right path.
Diolito takes us through his far-from-profitable days as a retail trader, up to where he’s now at the other end of the spectrum – having a continuous huge of success where he gladly shares valuable advice on how to improve as a trader.
In this interview, he emphasized the importance of continuous learning on several occasions, and it is evident in the way he answered the questions that he worked very hard to be where he is today.
He also highlights the importance of simplicity in his trading system.
Here it goes:
Q: Can you tell everyone a bit about yourself? A: I am a registered Electric Engineer and a former Accounts Manager. Nagsimula kami ng wife ko mag trade sa stock market four years ago. The first two years were tough, walang nangyayari sa portfolio namin at twice ako na wipeout without my wife knowing. After she found out continue pa rin siya sa pag-deposit, and I was able to recover our investment in early 2018 after the bull run the year before. Last year, I decided to resign from my job para maka-focus ako sa trading (sana tama ako hehe) and as of the moment ako ang nag-aalaga sa anak namin habang pumapasok yung wife ko (dahil mas malaki sahod niya). I managed to grow our portfolio and treat it as a business. Just like any other business, there will always be ups and downs. However, with continuous learning and participation in competitions on Investagrams, I’m very confident that I can stay on track.
Q: How was your experience during the 2nd round of our Trading League? A: Luckily, I was able to improve my rank and maintain consistency throughout the competition. I was able to catch the $PXP bounce, which propelled me in the standings. So far, mas challenging yung 2nd round since nabawasan yung mga volatile stocks. By using the InvestaJournal, I was able to confirm this since mas maganda yung statistics ko nung Round 1 compared sa Round 2.
Q: You were the 3rd runner up last year in our 2018 Trading Cup. May we know if you are still using the same strategy? If not, how is it different? A: Yes, I still use the same strategy and indicators. Pero ginusto kong mas simplified yung chart reading, so I began treating Support and Resistances as an area or zone rather than solid lang na lines.
Q: What qualities do you believe a successful trader must have? A: In my opinion, a successful trader must understand that their greatest enemy is their own emotional state. They need to know how dangerous it can be if they overreact and make quick decisions impulsively without thinking. They must acknowledge that winning and losing are part of the game. Successful traders must know how to adapt and become resilient by continuously learning from the market.
Q: What advice can you give aspiring and new traders in the industry? A: Embrace chaos! There is no perfect trading system, and it’s up to us to execute properly. We should have a journal and keep track of our trades. Traders need to practice risk management and control their emotions. Aspiring traders should take advantage of all the resources on the internet and join trading competitions to gauge oneself. Always remember that we are all students of the market. Newbie ka man or beterano na ay hindi ligtas sa kanyang hagupit kapag naging pabaya tayo. We are all blessed na meron Investagrams para mapadali ang buhat natin. Lastly, it’s okay to have losses, but never give up!
Q: Do you plan to compete in the upcoming Trading Cup 2019? A: Yes, for my continuous learning and improvement.
That’s a wrap! Diolito has definitely provided concise and insightful information that can benefit many aspiring traders. One of the aspects he highlights in his trading is treating it as a business. From here, he understands that all the losses are just the “expenses” when it comes to running a successful business. He also states the importance of journaling your trades, and also highlighted that he found out through his statistics, which is automatically computed by InvestaJournal, that he was able to perform better in Round 1 compared to Round 2.
He also affirms the importance of adaptability and resiliency to trading success. During his run in the Investagrams Trading Cup 2018 we were in the midst of a huge market decline, by finding ways to adapt to the bearish environment he was able to rank 4th out of thousands of competing traders.
As mentioned earlier, Diolito stresses the importance of continuous learning as a way to become a successful trader. Also, we have not seen the last of DaVinsoy Trader as he plans to enter the Investagrams Trading Cup 2019. Let’s watch out!
Want us to interview other traders who have bagged the top spots in our competitions? Comment their names down below and we’ll do our best to share their stories with the community!
Being one of the most followed traders in Singapore, Rayner Teo is also the founder of TradingwithRayner, where he has his own academy and various blog posts, along with a YouTube channel that provides timeless lessons on how to trade in any market.
Many of us know Rayner as one of the key figures in the Investagrams community and a trader that provides countless of insightful content for FREE. We are confident that many of you have benefitted from the content Rayner posts on our platform and on his channel. We interviewed Jet Toyco, one of the active members of our community, in order to know more about Rayner and how he has impacted the lives of other traders.
Jet first discovered Rayner while going through YouTube videos to learn more about trading, the catchy title of Rayner’s videos caught his attention. After knowing more about Rayner, he came across his website where he read several, if not all, of his articles on trading. When asked about how Rayner has provided value to him as a trader, Jet’s response is Rayner has helped him understand that trading is all about probabilities. Jet now finds it easier to respect all traders rather than correcting them if they have different trading styles since there are a million ways to trade the markets, and the markets are always right.
He has also been inspired to help other traders, the same way Rayner has helped him, and share knowledge at no cost. Being able to help others in the industry is what gives him value as a trader and as a person, and he believes that the same can be said about Rayner; it’s all about paying it forward.
Jet’s trading has improved profoundly after learning from Rayner. The aspect of his trading that has improved the most is his character as a trader. He is now able to take responsibility for his actions and not blame others for his mistakes That improvement has shaped his trading philosophy and he will continue to do this for as long as he is trading. Jet was also introduced to systematic trading by Rayner, discovering this made him set aside 80% of what he already knows about trading to adapt a process that he believes will be more beneficial to his trading.
At the end of the interview, the last question we asked Jet was: “Do you think you would be where you are at your trading journey without the help of Rayner?” He answered, “Without Rayner, I may be a different trader from who am I today, but no matter what I know I would still have the hunger to become a successful trader in the future. “
Jet only met Rayner once when he was in Singapore. He sees Rayner as someone who not only cares about the trading community, but also cares for the youth and his family. He says that Rayner has been through countless rejections and struggles in the past, such being an unprofitable trader for three years. Despite these struggles, Rayner continued to persevere. He eventually rose above and conquered these challenges, and now he looks to share his principles to other traders to shorten the learning curve.
Here at Investagrams, we are very lucky to have a trader like Rayner Teo. Someone who shares knowledge not for the sake of making a profit, but rather to sincerely help those who seek to become a successful trader. We are proud to have Rayner as one of our speakers during the Investagrams Traders’ Summit SG which will take place in Singapore on July 27, 2019. He will be talking about the essential trading principles to become a consistently successful trader and how to gain a statistical edge in order to place the probabilities in your favor in a competitive market environment.
How has Rayner benefitted you as a trader? Let us know in the comments!
“Always be a little kinder than necessary.” ~ James M. Barrie
Building a Traders’ Community United by a Shared Purpose
Congratulations to our Featured Trader of the Week: Byakuya a.k.a. @anelu!
Thank you for helping our fellow trader @ChoxFacundo about his question on $PCOR’s Follow on Offering! Your timely response to this post is definitely helpful not only to him but to the rest of the beginners in the market who might need this kind of information. See post here: https://www.investagrams.com/Post/ChoxFacundo/698801
“Sharing is caring” is a cliché worth repeating and a true mantra to get each and everyone of us get through the day. Having a strong community is a safe-haven for all traders that’s looking for affinity, identity, and kinship that make room for questions, ideas, thoughts, and solutions.
The purpose of our Social Community within the Investagrams Platform is not only about sharing charts or posting insights, but also to collaborate and interact with your fellow stock market enthusiasts and/or consult them before making your next trade that could help you on your trading journey.
Something incredible happens when everyone in the community is helpful and equally invested in the overall purpose and goal – and that is to learn from each other and build engagements with like-minded traders. It is within these shared experiences that purposeful communications can take shape in a meaningful and immersive ways – thus, Bayakuya’s comments brought him/her to be this week’s featured trader! Congratulations @anelu, your FREE one-month access to InvestaJournal is on its way!
It is definitely worth it to see more and more Filipino investors are helping each other throughout their investing journey.
We can be more than just a platform, WE ARE A COMMUNITY.
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