June 2021 Update

-
The update is embedded below! Cheers!

Comments

Post a Comment

Popular posts from this blog

ECONOMIC FORECAST (USA) - Is another Financial Crisis Imminent? - ANSWER: YES

-
Image
Hi All, Apologies it has been a while since I've posted, but that is because I have not placed any trades recently. The reason for this is that University has been ramping up with assignments and exams. My last exam will be mid November so (hopefully) there will be more updates after then since I will have more time. Additionally, I was unsure of where the market was heading so decided to play it safe and take some time to do some reading and research on economic cycles. Based on this and the opinions I formed, I will be forecasting where I think the market is heading from here on (especially given the markets' absolutely horrendous performance the past few days). Disclaimer: I am not a qualified financial advisor and the following should not be taken as recommendations or financial advice. IS ANOTHER FINANCIAL CRISIS APPROACHING? In the past couple of months economic cycles and downturns have been a hot topic and there has been a lot of commentary on this subject...
Read more

Audio Pixels (ASX:AKP)

-
Image
Hi, After my last post I was thinking about position sizing, more specifically risk management/ exposure. Previously, I was using a trade size of $2000 every trade however, I am now going to start using a volatility based approach. I will only be placing trades that I believe have significant upside and using its volatility as position sizing (based on 1 ATR below market structure). I will risk 1% of my total portfolio every trade. DISCLAIMER: I am not a qualified financial analyst. The following is for informational purposes only and is not to be taken as financial advice. As stated previously, I believe the recent bear market has stopped temporarily and there will be a bull market in the medium term. Thus I am looking for longs. The weekly MACD line is above the signal line which indicates the stock is in an uptrend. The only worry I have is that there is convergence however looking back, convergence does not necessarily mean a reverse in trend on the weekly so I maintain a...
Read more