When putting on trades, it’s best if you understand the set-up and you like the structure as it forms in the chart. In my case, I mimic the chart/candle structure samples that I was given when I was a student and now that I’m given the opportunity to teach, I also advise the same to my mentees…“Look for perfect set-ups—mga tipong kikiligin kayo kasi you’ve seen the sample in the lessons and backtests thousands of times”—coz’ when I see that forming, it’s like the market whispers: “Press BUY”. Do you also have the same experience or I’m just weird? :3
I did less trades these past few days and experienced a couple of whipsaws on momentum & bounce trades. I’m being overly cautious and making sure that I don’t overtrade and only sticking with liquid and volatile names which have good risk-reward and accept if I’d miss some moves (IS, IRC, ORE, etc–can’t catch em’ all :p).
June 2nd-4th week trades:
There are 6 more months to maximize earnings this year and I’m in no rush. Slow and steady wins the race!
PS: It’s my first time to be caught in a stock suspension but i’m prepared wherever the price will go, I hope you are too because I’ve heard the suspension will be lifted on Monday, July 2. xD