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WITHOUT DISCIPLINE YOU CANNOT ACHIEVE SUCCESS, IN ANY FIELD

Saturday, November 28, 2015

Cohort 18 (Trading Workshop)

Learn, unlearn and relearn for my Stock trading in 2015
This is a significant year I come back to KLCI market and gain my confidence to trade well.
Important reminder for myself:
1. Only trade good fundamental stocks!
2. Always check the trend, indicator, support-resistance, time-frame for stock pick.
3. Trading plan is a must!
4. Practice Risk Reward Ratio and follow it strictly!
5. Apply 3M: Methods, Management(Risk + Money), Mindset. 20%, 30%, 50%
6. RSI and MACD are not applied to stock that in sideways.

Daily homework:
1. Strong Hammer with long tail+ High Volume
2. Price Volume Divergence + Hammer + Support
3. RSI below 30% (trend)
4. Stochastic below 20% (leading)
5. MACD Blue crossover Red