Congratulations to Lao a.k.a. @lao__ for spotting $MAXS (Max’s Group, Inc.), a turnaround situation, two trading days before it broke out of its downtrend line and the 20-day moving average! He noted that $MAXS will need to display good volume, preferably above average, in order to break and stay above the downtrend line and hover above MA20 in order to sustain the upswing. This was posted on the Market Wizards InvestaGroup where members share their analyses on different issues, so if you want to see the exclusive insights of other fellow traders, you should definitely join the group!
On Technicals
$MAXS is still in a long-term downtrend, but has shown signs early this year as a potential turnaround situation. From the beginning of 2019, it went as high as 60% YTD, but has been decline over the past weeks. The stock was able to find support at the support levels of its previous consolidation pattern at around 12-12.50 pesos. Based on Lao’s post, $MAXS needed to break above its downtrend line and the 20-day moving average on good volume in order to continue its upswing.
Current Chart of $MAXS
As pointed out in the chart, $MAXS was able to successful breakout today above its downtrend line and MA20 on above average volume. Given the volume the past four trading days being all above average with only one red candle, we may have not seen the last of $MAXS. Many may have taken this out of their watchlist due to the -23% decline from 16 pesos, but now we may still see a potential run for this stock.
$MAXS is still definitely benefitting from the decreased inflation rate in the prior months, and its earnings since the 2nd quarter of 2018 have all been positive. These are good signs that the stock may have bottomed out, and the reversal may still occur. For now, we may see a potential swing to 14.50, a resistance level noted by Lao. If $MAXS then continues to show strength and sustainable demand, a possible retest of 16 pesos may occur in the coming weeks.
Kudos again to Lao for spotting $MAXS two trading days before it broke out, and for posting his analysis on the Market Wizards. Your FREE one-month InvestaJournal is on the way! To learn more about InvestaJournal, please visit: www.investagrams.com/investaprime
Congratulations as well to everyone who were able to buy the breakout today! Cheers!
#TRADERSPOTLIGHT: An interview with Super Trader from Cebu – Diolito Igloria Jr
Through our new segment #traderspotlight, we will have interviews with trading competition winners, rising traders, and well-known individuals with varying levels of success. These interviews revolve around the struggles and successes of these people throughout their competition journeys, trading experiences, and the life itself and how it molded them as a person so you could learn a thing or two from their stories. Let’s start!
It is with great pride that we had the privilege to interview one of the super traders from Cebu and a rising star of Investagrams — Sir Diolito Igloria Jr also known as “DaVinsoy Trader” (@dioross).
If you are not familiar with Diolito, let us show you his achievements during several of our competitions:
Investagrams Trading Cup 2018: 3rd Runner Up
Investagrams Trading League 2019 Round 1: 3rd Place
Investagrams Trading League 2019 Round 2: 1st Place
Investagrams Trading League 2019 Round 4 Week 1: 2nd Place (ongoing competition)
Pretty impressive right? Diolito is not only a great trader; he is also a great husband and a father. He’s been trading the stock market for the past four years, and formally resigned from his job in 2018 to become a full-time trader and a full-time father. He is still in the process of finding out if he made the right decision but based on his rankings in our competitions alone, it seems like he chose the right path.
Diolito takes us through his far-from-profitable days as a retail trader, up to where he’s now at the other end of the spectrum – having a continuous huge of success where he gladly shares valuable advice on how to improve as a trader.
In this interview, he emphasized the importance of continuous learning on several occasions, and it is evident in the way he answered the questions that he worked very hard to be where he is today.
He also highlights the importance of simplicity in his trading system.
Here it goes:
Q: Can you tell everyone a bit about yourself? A: I am a registered Electric Engineer and a former Accounts Manager. Nagsimula kami ng wife ko mag trade sa stock market four years ago. The first two years were tough, walang nangyayari sa portfolio namin at twice ako na wipeout without my wife knowing. After she found out continue pa rin siya sa pag-deposit, and I was able to recover our investment in early 2018 after the bull run the year before. Last year, I decided to resign from my job para maka-focus ako sa trading (sana tama ako hehe) and as of the moment ako ang nag-aalaga sa anak namin habang pumapasok yung wife ko (dahil mas malaki sahod niya). I managed to grow our portfolio and treat it as a business. Just like any other business, there will always be ups and downs. However, with continuous learning and participation in competitions on Investagrams, I’m very confident that I can stay on track.
Q: How was your experience during the 2nd round of our Trading League? A: Luckily, I was able to improve my rank and maintain consistency throughout the competition. I was able to catch the $PXP bounce, which propelled me in the standings. So far, mas challenging yung 2nd round since nabawasan yung mga volatile stocks. By using the InvestaJournal, I was able to confirm this since mas maganda yung statistics ko nung Round 1 compared sa Round 2.
Q: You were the 3rd runner up last year in our 2018 Trading Cup. May we know if you are still using the same strategy? If not, how is it different? A: Yes, I still use the same strategy and indicators. Pero ginusto kong mas simplified yung chart reading, so I began treating Support and Resistances as an area or zone rather than solid lang na lines.
Q: What qualities do you believe a successful trader must have? A: In my opinion, a successful trader must understand that their greatest enemy is their own emotional state. They need to know how dangerous it can be if they overreact and make quick decisions impulsively without thinking. They must acknowledge that winning and losing are part of the game. Successful traders must know how to adapt and become resilient by continuously learning from the market.
Q: What advice can you give aspiring and new traders in the industry? A: Embrace chaos! There is no perfect trading system, and it’s up to us to execute properly. We should have a journal and keep track of our trades. Traders need to practice risk management and control their emotions. Aspiring traders should take advantage of all the resources on the internet and join trading competitions to gauge oneself. Always remember that we are all students of the market. Newbie ka man or beterano na ay hindi ligtas sa kanyang hagupit kapag naging pabaya tayo. We are all blessed na meron Investagrams para mapadali ang buhat natin. Lastly, it’s okay to have losses, but never give up!
Q: Do you plan to compete in the upcoming Trading Cup 2019? A: Yes, for my continuous learning and improvement.
That’s a wrap! Diolito has definitely provided concise and insightful information that can benefit many aspiring traders. One of the aspects he highlights in his trading is treating it as a business. From here, he understands that all the losses are just the “expenses” when it comes to running a successful business. He also states the importance of journaling your trades, and also highlighted that he found out through his statistics, which is automatically computed by InvestaJournal, that he was able to perform better in Round 1 compared to Round 2.
He also affirms the importance of adaptability and resiliency to trading success. During his run in the Investagrams Trading Cup 2018 we were in the midst of a huge market decline, by finding ways to adapt to the bearish environment he was able to rank 4th out of thousands of competing traders.
As mentioned earlier, Diolito stresses the importance of continuous learning as a way to become a successful trader. Also, we have not seen the last of DaVinsoy Trader as he plans to enter the Investagrams Trading Cup 2019. Let’s watch out!
Want us to interview other traders who have bagged the top spots in our competitions? Comment their names down below and we’ll do our best to share their stories with the community!
Being one of the most followed traders in Singapore, Rayner Teo is also the founder of TradingwithRayner, where he has his own academy and various blog posts, along with a YouTube channel that provides timeless lessons on how to trade in any market.
Many of us know Rayner as one of the key figures in the Investagrams community and a trader that provides countless of insightful content for FREE. We are confident that many of you have benefitted from the content Rayner posts on our platform and on his channel. We interviewed Jet Toyco, one of the active members of our community, in order to know more about Rayner and how he has impacted the lives of other traders.
Jet first discovered Rayner while going through YouTube videos to learn more about trading, the catchy title of Rayner’s videos caught his attention. After knowing more about Rayner, he came across his website where he read several, if not all, of his articles on trading. When asked about how Rayner has provided value to him as a trader, Jet’s response is Rayner has helped him understand that trading is all about probabilities. Jet now finds it easier to respect all traders rather than correcting them if they have different trading styles since there are a million ways to trade the markets, and the markets are always right.
He has also been inspired to help other traders, the same way Rayner has helped him, and share knowledge at no cost. Being able to help others in the industry is what gives him value as a trader and as a person, and he believes that the same can be said about Rayner; it’s all about paying it forward.
Jet’s trading has improved profoundly after learning from Rayner. The aspect of his trading that has improved the most is his character as a trader. He is now able to take responsibility for his actions and not blame others for his mistakes That improvement has shaped his trading philosophy and he will continue to do this for as long as he is trading. Jet was also introduced to systematic trading by Rayner, discovering this made him set aside 80% of what he already knows about trading to adapt a process that he believes will be more beneficial to his trading.
At the end of the interview, the last question we asked Jet was: “Do you think you would be where you are at your trading journey without the help of Rayner?” He answered, “Without Rayner, I may be a different trader from who am I today, but no matter what I know I would still have the hunger to become a successful trader in the future. “
Jet only met Rayner once when he was in Singapore. He sees Rayner as someone who not only cares about the trading community, but also cares for the youth and his family. He says that Rayner has been through countless rejections and struggles in the past, such being an unprofitable trader for three years. Despite these struggles, Rayner continued to persevere. He eventually rose above and conquered these challenges, and now he looks to share his principles to other traders to shorten the learning curve.
Here at Investagrams, we are very lucky to have a trader like Rayner Teo. Someone who shares knowledge not for the sake of making a profit, but rather to sincerely help those who seek to become a successful trader. We are proud to have Rayner as one of our speakers during the Investagrams Traders’ Summit SG which will take place in Singapore on July 27, 2019. He will be talking about the essential trading principles to become a consistently successful trader and how to gain a statistical edge in order to place the probabilities in your favor in a competitive market environment.
How has Rayner benefitted you as a trader? Let us know in the comments!
“Always be a little kinder than necessary.” ~ James M. Barrie
Building a Traders’ Community United by a Shared Purpose
Congratulations to our Featured Trader of the Week: Byakuya a.k.a. @anelu!
Thank you for helping our fellow trader @ChoxFacundo about his question on $PCOR’s Follow on Offering! Your timely response to this post is definitely helpful not only to him but to the rest of the beginners in the market who might need this kind of information. See post here: https://www.investagrams.com/Post/ChoxFacundo/698801
“Sharing is caring” is a cliché worth repeating and a true mantra to get each and everyone of us get through the day. Having a strong community is a safe-haven for all traders that’s looking for affinity, identity, and kinship that make room for questions, ideas, thoughts, and solutions.
The purpose of our Social Community within the Investagrams Platform is not only about sharing charts or posting insights, but also to collaborate and interact with your fellow stock market enthusiasts and/or consult them before making your next trade that could help you on your trading journey.
Something incredible happens when everyone in the community is helpful and equally invested in the overall purpose and goal – and that is to learn from each other and build engagements with like-minded traders. It is within these shared experiences that purposeful communications can take shape in a meaningful and immersive ways – thus, Bayakuya’s comments brought him/her to be this week’s featured trader! Congratulations @anelu, your FREE one-month access to InvestaJournal is on its way!
It is definitely worth it to see more and more Filipino investors are helping each other throughout their investing journey.
We can be more than just a platform, WE ARE A COMMUNITY.
Kudos to Limitless Investor a.k.a. @limitlessinvestor for spotting $WEB (PhilWeb Corporation) 3 days before its bounce! Based on his chart and technical analysis, he plotted a Cup and Handle pattern and marked a support with Fibonacci’s golden ratio at 1.618 (or its inverse 0.618) thus expecting a reversal for the coming day/s.
Last Tuesday, May 21, $WEB opened and closed at 2.96 with a green, long-legged doji candlestick pattern also known as the “Dragonfly Doji” that acts as an indication of an investor’s indecision and a possible trend reversal. The price action on that day touched the plotted support lines of Limitless Investor and its Fib retracement at 0.618.
The next day, May 22, $WEB started to form a reversal trend with confirmation on MA20 crossing the MA100 @ 3.03. On May 23, the stock continues to bounce and hit the right neckline of an Inverse Head and Shoulders pattern. For those who haven’t encountered this pattern, it is similar to the standard head and shoulders pattern but inverted whereby the head and shoulders top used to predict reversals in downtrends.
Although the stock’s price action closed with a red candle at 3.16 on Friday, May 23, it still stays above the MA20, MA50 and MA100 indicating that stock remains in bull territory, forming higher highs and a higher lows respectively.
If you are able to ride $WEB for a short term play and picked up from its bounce, you should be able to gain 13.65% in just 3 days!
An Overview of #WEB Fundamentals
PhilWeb’s operations was shut down in year 2016 when the PAGCOR declined to renew their license and eventually resumed in December 2017 with its initial 16 electronic gaming locations. Looking at their financials, it was reported that the company is trimming its net loss in 2018 and is able to recover a positive cash flow this year for the first time after 3 years. Since then, they have been acquiring gaming sites such as the Bingo Games in Caloocan, the ones in Rizal and many others.
Again, congratulations @limitlessinvestor for being our featured trader for this week and because of your endless passion in sharing your knowledge and analysis in our Investa Trading Community, we would like to give you a FREE one (1) month InvestaJournal access to guide you on you trades with its powerful analytics. Keep it up!
Potato Trader identified1.65 as a support, with a long legged doji candle (this type of candle is created when the stock’s open and close price are virtually the same) that closed at P1.68. On the next day, another doji formed thus sentiments of the traders are still undecided. While Potato Trader thought of a retest to be made after 7th, the stock rallied the next two days (despite the market condition) hitting his two spotted resistances with confirmation of a 52 week high touch and closed the Friday bull at P2.03. His fib approach is to reach the golden ratio (sometimes called as Phi, which is the Greek letter Φ) of Fibonacci sequence at 1.618, the equal level of 2.15 price resistance.
BREAKING THE NORM WITH FUNDAMENTALS
Potato Trader’s analysis is a combination of technicals and fundamentals.
Here are the news-driven disclosures that he listed providing additional information to investors. These include:
– Approval of Sale of shares in PHINMA Energy Corporation (“PHEN”) to AC Energy, Inc. (“AC Energy”)
– Authority to issue 2,632,000,000 primary shares to AC Energy, Inc. at P 1.00 per share
– Authority to undertake a Voluntary Tender Offer (VTO) for the remaining common shares of PPG, the terms of which shall be announced separately on the date of the commencement of the tender offer
Combining the strengths of both worlds could help investors to understand the markets better and gauge its direction in which their investments might be headed.
Here’s what happened days after his analysis:
Three (3) days after his analysis, $PHEN price climbed 0.29 points at closing price giving its investors a whooping 17.42% gain in just three (3) days.
On May 11, 2019, Potato Trader then again posted a $PHEN supporting his previous analysis and now combined his technicals with RSI (Relative Strength Index). At this point, the RSI reached above 70 levels maintaining its parabolic status. For beginners, please note that 70 levels of RSI reads that the price is becoming overbought/overvalued and may be prepped for a trend reversal or a pullback in price.
Anticipating breakout continuation and parabolic move, Potato Trader plotted price points levels between 2-2.15 resistance. A healthy pullback from the short-term traders to lock in profits is expected and must be in placed and he is looking at price points 1.80 then 1.65 to support the norm.
In case you decide to take this trade with $PHEN, always remember to set a stop loss based on your established limit loss on a security position and risk tolerance level.
Again, we would like to congratulate @poatatotrader (your access to FREE one-month ACCESS of InvestaJournal is on its way!) and of course, wishing the good lucks to the rest of $PHEN holders who are able to ride this trade!
One of the most rewarding part of our trading journey is not only teaching others on stock trading or sharing what we know but also hearing about the success of our fellow traders — thus, we would like to get you all back on the game and keep the ball rolling as we feature our TRADER OF THE WEEK here in InvestaDaily.
We choose among your posted charts from the prior week based on the relevance of stock pick such as popularity, activeness of the stock, accuracy, and profitability of the analysis. We want to give recognition to those who continuously give their insights not just about investments in stocks but also in life.
Our chosen winner for each week will win one-month ACCESS to our PREMIUM feature – InvestaJournal. This journal will organize your everyday transactions with ease, speed up your learning curve, and improve your trading strategies.
To put his chart on context, he looked at the daily chart timeframe and used Fibonacci levels to forecast the extent of the length of his trend bounce. For those who are new with this kind of set up, Fibonacci retracements are ratios used to identify potential reversal levels and/or uncovers hidden support and resistance that are created by the golden ratio.
In this scenario, he was able to identify a potential trend reversal play from the stock’s prior move based on the following:
1. Identified reversal on a moderate retracement at 0.382. (catching this requires a closer watch and quicker trigger finger – see what happened on April 30 where there’s a quick movement of price: reached the highest at 2.21, and closed at 2.17.)
2. Moving average at 100: MA100 aligned with the 0.382 Fib levels thus potential play scenario.
3. Chart accompanied by RSI level at 40 that signifies more reliably signal bullish condition. (The RSI or relative strength index is a momentum indicator that measures the magnitude of recent price changes so a trader can evaluate overbought or oversold conditions.)
Here’s what happened days after his analysis:
Two days after (April 30), the 0.382 levels reached with a quick play but as the buyers and sellers are still undecided (confirming doji candle on May 2), then we can say that the confirmation only came on 0.382 spot on May 3 (price opens at 2.17 and closed at 2.30), crossed MA100, and RSI hits 57.2 respectively.
If you bought at the opening price 2 levels and sold at the close of 2.30, that will give you an astounding 14.84% gain in just a few days. $CHP was also tagged as one of the Top Gainers last Friday!
We would like to congratulate all the $CHP holders and those who followed @jessietiu’s trade!
Retrospection
In this kind of plays, we must be able to hold on to our risk and reward analysis as the market always changes. The successful traders will always come back to the questions like: “Why is it going up?” or “Why is it going down further?” probably of the same reason it went up or down five, two, or one year ago. There’s that reason that for one day, there are more buyers than sellers or vice versa and that’s not going to change. Traders will come and go, and the reality is, it will come back to the basic human nature – FEAR and GREED. Part of A Force’s chart analysis is that he gave us a piece of advice via his comment section to traders to “be quick in taking profit once it hits resistances.” And to be a successful trader, it all comes down on how you manage your reward-risk ratio.
Let’s keep sharing and helping each other because that’s what #Investagrams is all about!
Till next time, Happy Trading!
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