Interview with Top 10 of the Tournament Leaderboard: Kenny Chia.
This mini-interview series is to showcase some of the prominent participants of the tournament leaderboard and what propels them to be able to trade well.
We did a quick lookup on his tournament portfolio here and he has a return of 42.2%!
How many years have you been trading and which markets do you usually trade?
Kenny: I have been trading for around 6 years. I mainly trade in the SG, US, and HK markets.
What’s your profession?
Kenny: I am an undergraduate.
How did you start trading and what got you started?
Kenny: I started in the SG market with blue-chip counters and REITs. I got started after being inspired by the idea of financial freedom and passive income.
So what’s your usual trading plan like?
Kenny: I screen the price charts of counters and focus on those with clear trends or showing signs of a reversal. As opportunities do not come by that often, I tend to hold a concentrated position whenever I come across one.
Then how do you usually determine entry for a particular trade?
Kenny: I use simple support and resistance levels and moving averages to determine the optimal entry price.
How do you usually determine an exit for a particular trade?
Kenny: I exit the position once it reaches my target price or stop-loss price. I will have an initial target price and stop-loss price before entering the position but will review them over time and adjust them if necessary.
Finally, what would you say to new participants & traders of this year’s tournament who want to trade well?
Kenny: Take this opportunity to learn and make as many mistakes as possible. You will find out what works and does not work for you.
But, it’s not over. FINAL ROUND will begin soon from 12th October to 23rd October, where the tournament’s Top 10 finalists will compete against each other. You may view more details of our tournament’s Final Round as well as their portfolios and trades here.
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