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7 Things About Support and Resistance That Nobody Tells You

7 Things About Support and Resistance That Nobody Tells You

How well do you know how to utilise support and resistance for trading?

A Guide to Support and Resistance Trading

This post was originally posted here. The writer, Rayner is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has 605 followers.

Here’s a quick quiz for you about Support and Resistance…

The more times support and resistance is tested (within a short period of time), the stronger it becomes. (True / False)

You should set your stop loss below support and above resistance so you don’t get stopped out easily. (True / False)

You want to buy near support because it offers a favorable risk to reward on your trade. (True / False)

Do you want to know the answers to these questions?

Then read on…

If you read most trading textbooks, they’ll tell you that the more times support and resistance are tested, the stronger they become.

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The Trend Reversal Trading Strategy Guide

The Trend Reversal Trading Strategy Guide

You may have heard the saying, buy low – sell high. As traders, we want to enter a stock very close to support. So what is the Trend Reversal Trading?

1-falling-knife-1024x451This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with username known as @Rayner and has 601 followers.

You’ve probably heard this a million times…

“Don’t trade against the trend.”

And I’ve said it myself too.

But here’s the thing…

Trend reversal trading can be crazily profitable — if you do it right.

Imagine:

You know how to identify high probability trend reversal areas.

You can catch market tops and bottoms with heightened accuracy.

You can identify potential trading setups that yield 1 to 5 risk to reward (or more).

Now…

I know it sounds too good to be true.

But it’s not.

Because after reading this post, you’ll discover the secrets to trading trend reversal like a pro.

Here’s what you’ll learn:

Are you ready?

Then let’s begin…

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A COMPLETE GUIDE TO ATR INDICATOR

A COMPLETE GUIDE TO ATR INDICATOR

Do you know how an ATR indicator works?

What Is The ATR Indicator & How Do You Use It When Trading MT4?
This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has 593 followers.

I love the ATR indicator because unlike other trading indicators that measure momentum, trend direction, overbought levels, and etc.

The ATR (average true range) indicator is none of it.

Instead, it’s something entirely different.

And if used correctly, the Average True Range is one of the most powerful indicators you’ll come across.

That’s why I’ve written this post to explain the awesomeness of the Average True Range indicator.

Here’s what you’ll learn:

ATR indicator explained — what is it and how does it work

The Average True Range is an indicator that measures volatility.

It’s developed by J. Welles Wilder and was first mentioned in his book, New Concepts in Technical Analysis Systems (in 1978).

Now you might be wondering:

“How is the ATR values calculated?”

Well, it’s done using 1 of 3 methods, depending on how the candles are formed.

Here’s how…

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UPDATE: SG Active Trading Tournament Final Round

UPDATE: SG Active Trading Tournament Final Round

The Elimination Round of SG’s Biggest Trading Tournament is over and we are now heading to the FINAL ROUND!

It was no easy feat competing with over 2000 other traders but they made it to the TOP 10 Leaderboard. Check out who they are!

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The spotlight is now on them who will be moving on to the Final Round, which begins 12th Oct to 23rd Oct.

See all their trades & portfolio here: http://bit.ly/SGATT2020

Each trader will begin with $100,000 of new virtual capital and will go head to head with each other. The Top Prize is $4,000 cash!

Who do you think will emerge as the TOP ULTIMATE TRADER IN SINGAPORE?

Become a part of our community and also see what other investors are saying about the current market right now: (click on the view now button)

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InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings, and updates!

LAST CALL: Join SG’s Largest & Most Anticipated Trading Tournament

LAST CALL: Join SG’s Largest & Most Anticipated Trading Tournament

CALLING ALL TRADERS TO JOIN The SG Active Trading Tournament 2020!

SGATT 2020
SGATT 2020

Come Thursday, 10 Sep, join us at this online trading challenge and put your skills to the test! Participants will be given virtual capital to trade using real market data with $10,000 worth of prizes up for grab!

2 Lucky Winners will stand a chance to WIN an Airpods Pro just by registering as a participant!

Full tutorial on how to start trading in the tournament: https://blog.investingnote.com/how-to-star…

FOR BEGINNERS → → Watch this 15-min quick crash course on how to trade during the tournament here, conducted by Desmond Leung, CEO of Everest Fortune Group here: https://youtu.be/jBLCCsGkODQ

Why do we even call it a tournament?

Because this tournament has 2 rounds.

The Elimination Round will start on 10 Sep 2020 till 30 Sep 2020. The Top 10 traders will then compete against each other in the Final Round (12 Oct – 23 Oct 2020).

This tournament is FREE for all to join. Beginners who are interested to trade but are unsure on how to, this will be a great opportunity for you to get started. If you already a pro trader, be sure not to miss out on this active trading challenge and stand a chance to walk away with fame, glory and amazing prizes!

Register now and go head-to-head with other traders in the BIGGEST Trading Tournament in Singapore!

Prizes to be won
1st Prize: $4,000
2nd Prize: $2,000
3rd Prize: $1,000

DAILY PRIZES: Most profitable trades of each trading day during the elimination round will win S$60 worth of prizes daily!

Apple Watch Series 5: One winner will be selected amongst registered participants who trade at least 3 times during the elimination round.

This is an online tournament, where physical attendance is not required, other than the collection of prizes for winners.

It all begins tomorrow, 10 September.

We’d see you at the top!

button_register-here


InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple   android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings and updates!

Register for Singapore’s Largest & Most Anticipated Active Trading Tournament 2020!

Register for Singapore’s Largest & Most Anticipated Active Trading Tournament 2020!

Go head-to-head with other traders in the Biggest & Most Anticipated Virtual Trading Tournament in Singapore: The SG ACTIVE TRADING TOURNAMENT 2020!

SGATT 2020

Watch the official trailer video here: https://youtu.be/pDGIhWpkP48

Hurry register here: http://bit.ly/SGATT2020

Participants will be given virtual capital to trade using real market data with $10,000 worth of prizes up for grab.

Also, two people will stand a chance to WIN an Apple Airpods Pro each (worth $400) just by registering as a participant!

One lucky winner who registered and trades at least 3 times will also be eligible to win an Apple iWatch Series 5!

Last year, we had more than 2,000 participants joining this tournament.

This tournament is FREE for all to join. Beginners who are interested to trade but are unsure on how to, this will be a great opportunity for you to get started. If you already a pro trader, be sure not to miss out on this active trading challenge and stand a chance to walk away with fame, glory and amazing prizes!

button_register-here


InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple   android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings and updates!

How to Start Trading In The SG Active Trading Tournament 2020 [Tutorial]

How to Start Trading In The SG Active Trading Tournament 2020 [Tutorial]

Singapore’s Biggest & Most Anticipated Trading Tournament is finally happening on Monday, 10th September 2020!

Pre-registration is now open. REGISTER NOW: http://bit.ly/SGATT2020

SGATT 2020

With more than 2,000 participants last year, this year participants will battle it out with other traders, through the trading of an instrument called Daily Leverage Certificate (DLC).

This tournament consists of 2 rounds:

  • Elimination Round (from 10 Sep 2020 – 30 Sep 2020): A free-for-all trading simulation that includes all participants. Top 10 traders based on highest total portfolio returns will be selected. A minimum of four trades for each participant is also required to be the top 10 traders. 
  • Final Round (from 12 Oct 2020 – 23 Oct 2020): Top 10 traders will compete against each other. The top 3 traders with highest portfolio returns will win a prize. A minimum of four trades for each participant is also required to be the top 3 traders.
  • Join the tournament here: http://bit.ly/SGATT2020

What is a Daily Leverage Certificate (DLC)?

Daily Leverage Certificates (DLC) are exchange-traded financial products that enable investors to take a leveraged exposure to an Underlying Asset, such as an equity index or a single stock (Full list of DLCs). Daily Leverage Certificates replicate the performance of an Underlying Asset versus its previous day closing level, with a fixed leverage factor.

There are two types of Daily Leverage Certificates – Daily Long and Daily Short which enable investors to take a long or short exposure to an Underlying Asset.

Getting Started: what can you do with a DLC?

Long DLCs allow you to generate leveraged gains when the Underlying Asset goes up. On the other hand, Short DLCs increase in value when the Underlying Asset goes down, allowing investors to achieve positive and leveraged gains during market downturn.

Example: 5x Long DBS 

5x Long DBS is at S$2. Buy 500 shares of this DLC with S$1000 when DBS is at S$25.

DBS goes up from S$25 to S$25.5, i.e. up 2%.

5x Long DBS will go up from S$2 to S$2.2, i.e. up by 2% x 5 = 10% compared to the previous day close.

Example: 5x Short Tencent 

5x Short Tencent is at S$1. Buy 1,000 shares of this DLC with S$1,000 when Tencent is at HK$300.

Tencent goes up from HK$300 to HK$309, i.e. up by 3%.

5x Short DLC will go down from S$1 to $0.85, i.e. down by 3% x 5 = 15% compared to the previous day close.

How to identify a DLC?

For example, a 5x DLC with DBS as an underlying would be known as DLC SG5xLong DBS, with the following ticker DOXW.

Read this for more details on how DLC works.

[Tutorial] How to start trading and being on the leaderboard for this tournament:

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Singapore Active Trading Tournament 2020 Rules, Terms & Conditions (SGATT 2020)

Singapore Active Trading Tournament 2020 Rules, Terms & Conditions (SGATT 2020)

SG Active Trading Tournament (SGATT) 2020 Rules, T&Cs.

Pre-registration is now open.

REGISTER NOW: http://bit.ly/SGATT2020

SGATT 2020
The following terms and conditions (the “Terms & Conditions”) shall apply to the “SG Active Trading Tournament 2020” Campaign (the “Campaign”) organized by Investing Note Pte Ltd (the “Organizer”) and supported by Singapore Exchange Limited (the “SGX”) and Société Générale (the “SocGen”).

 

 

 

Campaign Period

  1. Registration will begin from 24 August 2020 to 30 September 2020, and the “Trading Tournament” will be conducted from 10 September (9am) to 23 October 2020 (5pm), both dates inclusive (the “Campaign Period”).
  1. The Campaign consists of 2 rounds:
  • Elimination Round (from 10 Sep 2020 – 30 Sept 2020): A free-for-all trading simulation that includes all participants. Top 10 traders based on highest total portfolio returns will be selected. A minimum of four trades for each participant is also required to be the top 10 traders. 
  • Final Round (from 12 Oct 2020 – 23 Oct 2020): Top 10 traders will compete against each other. The top 3 traders with highest portfolio returns will win a prize. A minimum of four trades for each participant is also required to be the top 3 traders.

Winners and Prizes**

Types of winners Amount Round Eligibility
Daily winners $60 worth of prizes^ per trading day during Elimination Round Elimination Round
Grand winners 1st: S$4,000 

2nd: S$2,000

3rd: S$1,000

Final Round

 

  • Daily winners: Selected based on the biggest realised profit (absolute positive return) for any single DLC instrument on the particular trading day during the elimination round.
    • Example:
      Participant A bought DLC X on day 1, sold it on day 3 with S$1,000 realised profit. Participant B bought DLC Y on day 2, closed half his position on day 3 for a realised profit of S$750 while the remaining half of his position has an unrealized profit of S$750. In this case, Participant A will be chosen as the Daily winner for day 3 as the selection is based on realised profits only. Profit calculations are based on a First-In-First-Out basis in the case of participant B.
  • Grand winners: Top 3 participants with the highest total portfolio return in the final round. Grand winners will be required to have minimum four trades during the round.

*In order to be eligible ‘winners’, participants must send over their personal photo and real identity details.

^Prizes are to be determined and carry a value of up to S$60.

 

Other Prizes:

  1. 1x Apple Watch Series 5: One winner will be selected randomly amongst registered participants, who made at least 3 times during the Elimination Round.

  2. 2x Apple Airpods Pro: Two winners will be selected randomly amongst all participants who registered.

 

Eligibility and Entry

  1. Upon registration, participation will be confirmed upon receiving a notification via email. All registered participants will be required to have an InvestingNote account in order to participate in this Campaign. Each participant is only eligible for one (1) virtual trading account.
  1. The simulation trading tournament will be held on the InvestingNote website platform (https://www.investingnote.com) based on virtual money. Every trade is subject to a fixed commission rate of S$10 or a 0.08% per trade, whichever is higher.

 

Tournament Details:

  1. To participate in the Campaign, participants are required to carry out the following:-

(a) Register on the Campaign Registration Page hosted on www.investingnote.com within the Campaign Period;

(b) Participants are required to provide Name as per NRIC/Passport, Mobile Number and Email Address.

(c) Build a simulated investment portfolio with a virtual initial capital of one hundred thousand Singapore dollars (S$100,000) through trading predefined securities products listed on SGX, specifically Daily Leverage Certificates (DLC) within the Campaign Period.

  1. Tradable securities are only Daily Leverage Certificates (DLC) for the purpose of this tournament. The list of available DLCs for trading can be found at InvestingNote.com 
  1. Each registered participant will be given S$100,000 virtual capital to trade in the Elimination Round. 
  1. Top 10 traders in the Final Round, will be given fresh virtual capital of S$100,000 each. They are to trade to win based on the new capital of S$100,000. 
  1. Only Market Orders can be placed – participants will have to monitor the market actively to buy and sell. No advanced order is allowed.
  1. Orders are only allowed during periods where the Designated Market Maker is providing a market on the DLCs. The regular trading hours on trading days are listed below: 
  • Singapore DLCs (both index and single stocks) : 9am to 12pm; 1pm to 5pm.
  • Hong Kong index DLCs: 9:15am to 12pm; 1pm to 4:30pm
  • Hong Kong stock DLCs: 9:30am to 12pm; 1pm to 4pm
  1. In the case of a halt or suspension of the underlying asset or DLC, it will not be tradable. 
  1. Short selling of DLCs are not permitted. 
  1. No margin account is allowed.
  1. In the event that any securities products in the participant’s portfolio is suspended and halt at any point in time during the Campaign Period, the holdings of these securities will be calculated based on the last intrinsic close.
  1. Only realised profits will be taken into account at the end of the campaign. In the case of open positions not closed out by the end of the Campaign, the intrinsic close will be used to calculate the gain/loss.
  1. During the Campaign Period, a leaderboard showing the most updated results of participants will be shown. The leaderboard will be updated periodically.
  1. During the Campaign period, the participants’ portfolios will be set to ‘public’ and will be visible to external visitors.
  1. All registered participants will be automatically added into a private group “Active Traders’ Club” to access more information on the tournament and other details on InvestingNote.com.
  1. The Organizer reserves the right to change the game rules, prizes and winners, including the right to review any suspicious activity.

 

General Terms and Conditions

  1. Any form of abuses, hacks or cheating is strongly prohibited. Those who are against the  Terms and Conditions will be disqualified. 
  2. In view of us switching to a virtual prize ceremony, all prize winners must come down to InvestingNote’s office by 26 October 2020 to physically collect their prize, attend virtual prize ceremony. This is non-negotiable.
  1. By participating in the Campaign, participants shall be deemed to have read, understood, accepted and be bound by (i) these Terms and Conditions and (ii) the Terms of Service of InvestingNote.com.
  2. The participant hereby confirms, represents and warrants that such participant is not and will not be in breach of any law in such participant’s country of residence or other applicable law regarding the legality of entering into and participating in the Campaign. The Organizer, its affiliates, partners, sponsors, service providers and their respective employees, officers, agents and representatives, shall not be responsible or liable for the participants in the Campaign in breach of such laws. Each participant is advised to check and seek relevant advice on the applicable laws before participating in the Campaign.
  3. The participant consents and authorises the Organizer and its partners to collect, store, use and disclose the information provided by such participant or collected during or after Campaign (including name, contact details, email addresses and other personal data and information) for the purpose of or in connection with the Campaign and ancillary purposes, including without limitation the following: (i) planning and administration of the Campaign; (ii) promotion, advertising and/or marketing the Campaign (present or future) and/or other events and activities organised or sponsored by the Organizer.
  4. The Organizer reserves the right, at any time to reverse, delete or update any transaction in the simulation platform placed by participants as it deems fit.
  5. The Organizer reserves the right to halt, withdraw or cancel the Campaign or to amend or change these Terms and Conditions at any time for whatever reason and without giving prior notice. The decision of the Organizer on all matters relating to or in connection with the Campaign is final, and no correspondence will be entertained.
  6. The Organizer reserves the right, at any time in its sole and absolute discretion to substitute or alter any of the prizes without notice to the participants.
  7. The Prizes used in all marketing collaterals pertaining to the Draws are for illustration purposes and actual Prizes may vary in terms of colour etc. The winners shall accept their respective Prizes “as they are”.
  8. The Organizers make no representation or warranty to the quality of the Prizes and assumes no liability or responsibility for any defects or non-performance of the Prizes.
  9. The Organizers are not responsible for any Prize losses or claims caused by error in entry of personal particulars.
  10. Prizes are not transferable or exchangeable for cash or any other items.
  11. Staff of the associated Organizers will not be eligible to win prizes in this campaign.

InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple   android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings and updates!

The Symmetrical Triangle Trading Strategy Guide (Guest Post)

The Symmetrical Triangle Trading Strategy Guide (Guest Post)

Have you ever traded the Symmetrical Triangle chart pattern? If you did, then you know it’s not as easy as it seems.

1-symmetrical-triangle-17-nov-17-1024x451

This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with username known as Rayner and has 457 followers.

For example:

You might have thoughts like…

Should I trade the breakout of the Symmetrical Triangle or do I wait for a pullback?

Where should I put my stop loss so the market doesn’t hunt my stops?

How do I know which direction the Symmetrical Triangle break out?

Now if you face any of those issues, don’t worry.

Because in today’s lesson, you’ll have the answers to these questions (and more).

OK, let’s get down to business…

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The Complete Guide To Breakout Trading (Guest Post)

The Complete Guide To Breakout Trading (Guest Post)

Do you trade breakouts? Then you know breakout trading can be exciting. The price quickly moves in your favor and make it seems like you’re printing money. However,  breakout trading can also be painful.

This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with username known as Rayner and has 457 followers.

For example:

You notice the price breaking above Resistance.

The candles are big and bullish, so you go long.

But suddenly, the price does a 180-degree reversal.

And before you know it, you bought the highs and now you’re bleeding in the red.

Ouch.

So now you’re probably wondering:

“How do I filter for high probability breakout trades and know which are the ones to avoid?”

Well, that’s what you’ll discover in today’s post.

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