Ming Jong Tey
Independent Analyst
Did you catch any big move to the upside?
Malaysia market: TASHIN went up 60% (from 0.52 to 0.83) since I covered in the video on 11 Apr and I just took profit on Friday. MMCCORP up little bit but I didn’t bother to wait for this stock hence end up as minor loss. JAG & QES (covered in the video on 25 Apr) up about 5% and they are still looking great, likely have more upside to come. SAMCHEM up about 16% since I covered in my video on 18 Apr.
US market: MCD, SBUX, YUM up about 4–10% since I covered in my video on 28 Mar. These are little gain since it is their nature but the Reward to risk are great. If you trade option, the reward would be handsome! COF & LPLA up about 6–11% since I covered in the video on 11 Apr, not too shabby. CG, COTY, IPG, MET up range from 2–8% since 18 Apr.
Most of the US stocks I covered is not extremely high beta (apart from the Bitcoin related stocks like MARA) as the low volatility stocks are favored by the market since the sector rotation.
What about those losing trades or those not performed?
I’m glad you asked. There are some stocks not performed, break even or even went down. If I bought them, likely there are a few ways to handle:
Not performed or break even: As long as the trades are still valid, I will hold them unless I find other better opportunities. So, most of the times, I will exit and switch to other opportunities.
For those that went down, they will trigger my stop and exit. Also I will exit earlier if I spot early warning and failure of the price structure.
Manage your Stock Portfolio
Look after your risk & downside and your upside will look after itself. Cut your losses short and let the winners run.
That’s how to achieve favorable reward to risk ratio, e.g. whenever you win, you win more than your losses. In the long run, you will be profitable and this is the edge as a trader.
In short, review your stock portfolio daily and manage them (adjust stop or exit) if necessary. Watch out for unusual volume and see if the price structure is still intact, etc…
Ultimately this is how you can maximize your profit in your stock portfolio.
Manage Stock Watchlist
Review your watchlist daily and look for potential trading opportunities. If you are like me, you will find that the watchlist is getting bigger. So you will also need to tidy up the watchlist and trim down those no longer have valid structure (e.g. if you are looking for long, remove those that are in obvious downtrend).
Ideally, the stocks within the watchlist should be either:
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Can be executed at the market price or
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Require some more time to let the structure unfold and trigger your setup, e.g. a reversal signal or a breakout signal.
Watch the video below to find out how to analyze and qualify potential stocks with price and volume analysis and monitor them in your watchlist:
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Editors’ Picks
EUR/USD climbs to daily highs near 1.1820
EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.
GBP/USD trims losses, retests 1.3460
After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.
Japanese Yen gives back half of early gains against USD ahead of US PPI data
The Japanese Yen (JPY) surrenders half of its early gains against the US Dollar (USD) during the European trading session on Friday. The USD/JPY pair rebounds to near 155.90 as the JPY falls back, but is still 0.15% down.
Editors’ Picks
EUR/USD: Fed calm, ECB steady, but the Dollar still leads Premium
EUR/USD is still struggling to find real traction. The pair has tried to stabilise, but momentum keeps fading, leaving the door open to further weakness.
Gold: Falling US yields, geopolitics help XAU/USD hold ground Premium
Gold (XAU/USD) gained traction and climbed above $5,200, ending the fourth consecutive week in positive territory. The next round of US-Iran talks and crucial macroeconomic data releases from the US will be watched closely by market participants in the short term.
GBP/USD: Will Pound Sterling defend key 1.3450 support ahead of US jobs data? Premium
The Pound Sterling (GBP) entered a bearish consolidation phase against the US Dollar (USD), after having tested critical support near the 1.3450 level on several occasions.
Bitcoin: Another month of losses, and it’s been five
Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.
US Dollar: At a crossroads; Fed steady, tariffs in flux Premium
The US Dollar’s (USD) upward momentum from the previous week seems to have encountered a tough nut to crack in the 98.00 region, as measured by the US Dollar Index (DXY).
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