Trading Daily Charts at the Ritz Carlton Hong Kong (P&L Revealed)

11/26/24 •

Summaries by topic

• English

The speaker discusses his trading strategy while staying at the Ritz Carlton Hong Kong, highlighting profitable trades in stocks like Netflix and ETFs, and using a whole moving average strategy for daily and weekly chart trading. He emphasizes that his trading approach focuses on building positions over time rather than frequent, quick trades, allowing him to manage his trading within 15-30 minutes daily, and provides access to a free training course on his strategies.

Hotel Stay & Trading P&L

• 00:00:28 The speaker is staying at the Ritz Carlton Hong Kong, a 7-night stay costing approximately $578-$600 per night. Despite a slight 0.9% loss for the week, his overall account is up 2.07% for November, generating roughly $7,000 in profit, completely covering the hotel expenses and beyond.

Trading Strategy & Instruments

• 00:01:05 The speaker primarily trades daily and weekly charts, focusing on stocks and ETFs. Some of his profitable trades include Coca-Cola, Netflix, and an India index ETF, with a notable $40,000 profit from ETFs and $50,000 from stocks within his account.

Specific Trade Examples

• 00:06:00 The speaker details some of his past and current trades, including Netflix, which has been a good run due to its overbought nature, and India index (INDA), which has been a longer-term successful setup. He also highlights Spotify and Coinbase, emphasizing the speculative nature of the latter and his small position size.

Whole Moving Average Strategy

• 00:07:27 The speaker's core trading strategy utilizes a whole moving average, which he teaches in a free online course. This indicator is especially effective for identifying trends and works well in trending markets like gold, which he has been adding to recently. He demonstrates a live trade using this strategy on Waste Management (WM) stock.

Trading Philosophy

• 00:13:36 The speaker emphasizes his disciplined approach to trading, aiming to manage his trading within 15-30 minutes daily. He prefers building positions over time in a select few stocks and ETFs rather than frequent, fast trades. He advocates for creating a watchlist of preferred instruments and adding positions strategically over time.