Friday, January 31, 2020

Medtecs Intl - Naked Shorting, Pt 3

I enjoyed dinner last evening with Chan and the rest of the traders yesterday evening. As usual, during the dinner I shared some stocks and also how Chan made it to the very top using my strategies and what I taught him. Today, he made profits again on Medtecs Intl and UG Healthcare using what I shared yesterday and the drive he has is unparalleled.

Part 3 of my naked short strategy which I taught earlier this year and my trader is starting to reap profits and rewards using this on simple trick. UG Healthcare and Medtecs both crumbled hard and hence naked shorting it is the only strategy for now. Making $2500 in one day is possible only if the stock has range and volatility to move up/down within a short time frame. Signals were very clear in the chart for shorting and looking at how Chan took both trades, it's what I taught him during the naked shorting selling session on the link below. Congrats once again!

Ronald K - Market Psychologist - A Stock Market Opportunist

Medtecs Intl - Rebounded Fiercely

Medtecs Intl really rebounded off from the low. The panic selling was real, many sellers and many white towel throwers. I saw the bottom in the 5 minute chart where the quality of sellers were heavy reduced and the buyers just started kicking in. The buy/sell queue also switched very fast which indicated that there was fast sweeping up actions at the bottom of the panic selling. Per my last blog post, the short covering to take profits was correct. I am done trading this counter today.

Ronald K - Market Psychologist - A Stock Market Opportunist

Medtecs Intl - Naked Shorting, Crumbling Hard Pt 2

It was a great good dinner last evening where I invited some traders and learners to have a casual evening with me. We chatted, shared ideas and motivate each other in the trading and personal level where I believe everyone was captivated and motivated by Chan's talk. I also shared some outlook on medtecs intl and the recent coronavirus spread which is currently killing the market's vibe. Some of my traders naked shorted Medtecs Intl yesterday and had to cover the shorts yesterday while Medtecs Intl continued to tumble more today. Unfortunately there are no scripts for shorting this counter but one can always do naked shorting and perform a short cover to profit from the down side.

As for writing this blog post, Medtecs Intl tanked further, faster with speed and volume which might have indicated panic selling where everyone threw the white towel. At this point, I wouldn't do naked shorting anymore and would look to cover my short sell positions and lock in profits.

Ronald K - Market Psychologist - A Stock Market Opportunist

Thursday, January 30, 2020

Medtecs Intl - Crumbling Hard

Medtecs Intl from morning till now just crumbled with so so much sellers. It rebounded back from low at 0.182 to 0.192 and suddenly, everything just started to flop big time with other blue chips tumbling too. The virus is really killing the market and nothing much was sparred. Stocks like Capitaland also crushed with so much panic selling now.

In the 5 minute chart, there wasn't much support from buyers and hence the sellers came in. In the daily chart was worse, there wasn't clear signals of turning point and the sellers took control. Is it going to be another SARS situation back in 2003? Let's see how the story unfolds.

Ronald K - Market Psychologist - A Stock Market Opportunist

Medtecs Intl - Shorted On Target and Made Profits $$

As I shared on my blog yesterday that Medtecs was overbought and in the near term it's coming down, my team shorted this counter today and the stock from morning dropped in a very fast speed where most of them made $$ in under 10 minutes. It was using the naked shorting strategy to do the trade and the return was fast while profits escalate quickly. The chart in the morning was so obvious as the stock cannot cross 0.21 and started to falter with sellers. Study the 5 min chart and you will notice all the signals there. Congrats to my team members for making another round of profits. Look forward to the next.

Ronald K - Market Psychologist - A Stock Market Opportunist

Wednesday, January 29, 2020

Bitcoin Trading - Great Profits Swinging

I am very pleased with receiving this email as I can see that my strategy also works in the Bitcoin market. To be able to see a good swing trade on this trade really made my night soundly when I sleep. I know my strategy works in all market all instruments and some of my students don't trade stock but rather derivatives or commodities. So in this case, I am please you made good profits using the strategy I taught and also the skills is going to last you a lifetime. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist