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Imagine not buying Tencent Best fundamental long term video game company. It is already clear Valorant is going to be a huge game, even though it is still in Beta. If the overall markets werent in limbo with COVID going on this stock would be much higher. I expect when things recover this company will be a red hot stock... Overall the chart on the weekly looks to in a great bull trend. I will ride this play out for months to come. Will probably consider adding over time. Anything under $54 is free money in the long run..
OTC:TCEHYLong
by bigAL_crypto
1
Long in a bearish marketas we can see a long resistance (which is 2/1 line of gann fan) from 17 Feb, it has been hit twice and came to a big free fall to appro. $325. It comes back to closer to resistance and start a small flag formation which is believed to be bullish as the volume as of today has been dropping as a new low since the commencement of such formation. We could add long if it breaks to $380, targeting $405. However, remember to set tight stop loss, say $368.6, as it reminds in a bearish market. In the long run, i am looking forward to see a new low below $325.
HKEX:700
by hkbenmoney
Bread and Butter issueRead this article here In a way, I can say this Covid-19 has brought forward many underlying issues that many people faced in today's competitive society. The issue of "LACK OF" Lack of money Lack of love Lack of resources Lack of relationships Lack of connections Etc There is a saying that goes something like this - when we point one finger one, 3 fingers are pointing back at you. That means, it is just as necessary if not crucial that we do a self reflection on the problems that we have. Let's talk about lack of money since we are in this personal finance forum, others another time, another space. If money is constantly an issue in your life, then it is necessary that one takes ample time to diagnose the problems. Savings - it is said that many understand the importance of savings but so few carried it out consistently. That is the word. It is not about saving 50% or one lump sum once and forget about it. It is better to set aside 15-20% each month for savings. The excess of 6 months savings to meet emergency needs (perhaps like now) are to be channeled into investments Investments - with today's low interest rates offered by the banks, it is becoming a sin to still queue outside the banks and ask them to take your money. Even buying bonds offer you a higher yield (maybe not now) What to invest, how long to hold, etc - it is better to consult your Financial adviser. Income - this to me is the key. If you have a full time job that pays you monthly salary, then you have no excuse not to save x amount per month. If can't, then either you adjust your expenses lower or find a job that pays you higher. To do the latter, you need to assess the skills that you have that the Employer would find value in. Gone are the days when we can rely on one single source of income and retire comfortably. We must diversify and have multiple streams of income. Some examples : 1. Your full time job - active income 2. Weekend - take on part time projects that pays you. In Asia especially Singapore, the common part time jobs include food delivery, tuition, swimming lessons, taxi driver,etc. I would include trading here as well. On weekday during the nights, make an effort to take up some courses that are relevant to your day job so that you are keeping abreast of the industry development. That also open up opportunities for you to ask your boss for bigger responsibilities. And when the right time comes, you can ask for a pay raise and/or promotion. I am often asked which is easier - to reduce expenses or increase income ? My take is the latter because it is infinite. Expenses especially the fixed ones like mortgage loan, education, transportation, utilities, groceries ,etc - you may reduce maybe 10% but anything more you may compromise the quality of life you have for your family. With inflation, the costs of goods are going to go up thus the same income that you are receiving each month are buying lesser items. That means, it is wiser and better to start a 2nd or 3rd tap of income as soon as possible. That way, when catastrophe like Covid-19 comes, you are not so affected. Read here For me, trading is by far the best online business and it can be profitable if one is willing to put in time and effort to learn. It has so low barriers to entry and minimal capital to open an account that I think, if you do not give yourself an opportunity to try out, you are doing yourself a great , great disservice. But it is the same reason that can be easy to make money that lures many people into this game. And the greed and fear takes over , resulting in erratic performance. The psychology of trading as I had mentioned in my other posts highlighted the key ingredients to successful trading. It is a business that requires no inventory (imagine you are operating a fashion boutique shop and stuck with all these inventories because no one is coming out to shop), rental (zero rental for trading), employees wages (you are the boss and employee), operating costs (your trading losses, a laptop or mobile phone which most would have one anyway regardless you trade or not). Think about it, to be an Amazon seller online or even if you attempt drop shipping, you need to find the products that customers want (lots of research), promote your site (no promotion needed in trading), cut throat pricing to beat competitors (no need to worry about pricing strategies),etc. So much work involved ! Nothing wrong with this model if you can make it work but all I am saying is trading is transparent, simple to operate and clean. The challenge is not not able to make money but to make money consistently. And if you truly understand how trading works, you would not be afraid not scared to have more competitors as buyers or sellers. Because you need them to make your profits, simple as that. If enough people believes my trading idea on Tencent is going to go up and they long together with me, then the scale is going to tip over the sellers and we win and make money. It is a volume game, there is no competitors as the market is like the sea, full of abundance. There is no need to worry that there is no enough shares of Tencent to buy or run out of AUDUSD long contracts to buy ,etc. For traditional business, you need to be fast, especially items that are trendy. You want to be the first few to have it sold online so you can demand a higher price before others start noticing and follow you. There is hardly any competitive advantage in it except chasing for the next trendy items. It is really tiring but so long you like it, then it is fine. I hope this write up encourages those who are perhaps being retrenched, looking for jobs, in between jobs, etc to consider taking up trading. Take it as a hobby, a project, for fun to challenge yourself. Imagine making profits to cover the costs of your mobile phone bills or netflix subscription. How's that ? Then , move up the ladder slowly till more and more of your expenses can be covered by trading. At that time, you are not as worried like now for your full time job. Life always offers us choices and it is the particular choice we made that determines our mood. Do not blame it on external circumstances , that is what we cannot control - anger, frustration ,etc would not solve the problem. Think strategically and get around the problems so that you are in control. And when you are in control, you have peace of mind.....
HKEX:700Long
by dchua1969
3
700 Short, series short 2Last wave, I have an additional view. from $395, there's a $39 drop and a gap down with another $39 drop to the bottom. this time, top at $345, I've already short on 340. so, today, I'm positive a little on hand and opening this idea. Let's say $345-$39, it'll be around $306. If you check my last post, you should see the target 2(or B, I forgot what I called it) is around $307(Chart 2). which makes 2 idea paired. last post have 3 target arrow mark in blue color still on this time's chart. check the price level, and compare both target. Not sure if there's any additional wave below $307, if it does, minus $39 and you see the result. I love gap, and it means alot, if any days advance see a gap, we should revise the view. Chart 1 Chart 2 I'm going to post a Gold idea, this means a lot in the next years. yes, multi-years.
HKEX:700Short
by qero
Lego and Tencent partnershipThis is an interesting article that I like. When I was a child, I remembered playing with Playmobil but my son now is into Lego animation. Check this out ! How time flies ! Tencent is one Company that I intend to buy and hold for a very long time as their business model is unrivalled and they are well diversified into healthcare, gaming, financial service and many more. So I look at it this way , that I am buying into emerging trend like health tech , fintech ,etc companies that are not yet listed but funded by Tencent. As usual, trade safely and GBU.
HKEX:700Long
by dchua1969
Tencent (Short)Trend : Bullish Market sentimment on HSI : Bullish and then retracement at a further stage of the day Comment : Hit the resistance zone and retrace back to the support line (purple) . RSI is oversold . upside is limited. Please follow me if you think my trading idea is good! this will give me motivation to do more trading ideas regularly. Thanks! Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :) Quotes "The key to trading success is emotional discipline"
HKEX:700Short
by MemoriesLane