Interviews with Top of the Tournament Leaderboard

This mini-interview series is to showcase some of the prominent participants of the tournament leaderboard and what propels them to be able to trade well.

This is @LandonLim, who made the leaderboard, had a top winning trade on 14 Oct!

See what he's been trading here via his open portfolio: https://www.investingnote.com/portfolios/7...

How many years have you been trading?
LandonLim: I've been investing/trading for 4 Years.

What’s your profession?
LandonLim: I'm a Relationship Manager.

How did you start trading and what got you started?
LandonLim: I started investing/trading when I decided to grow my savings. However, I had no experience or knowledge, and I placed $10,000 on an illiquid penny stock for my first trade without understanding anything about the company or stock chart movement/signals. I managed to exit my position 2 months later with a paltry gain of $70 (0.7% Return).

Thankfully, that unwise trade did not turn sour for me as the share price has fallen 50% from the time I exited, and I would have undoubtably stopped believing in investing or learning about it.

Can you share more about your trading plan?
LandonLim: I am actually more of a fundamental investor by nature who also uses some technical analysis (TA) in his trades. For my own portfolio strategy, I shortlist the companies that I want to buy (using FA) and try to time the buys using TA to achieve better Risk/Return ratios.

However, for this tournament I’m purely using simple Technical Analysis, mainly Ichimoku Cloud/Moving Averages/Fibonacci Retracements/Trend Momentums/Breakout patterns/Support and Resistance levels/MACD Indicators/RSI.

How do you usually determine an entry for a particular trade?
LandonLim: A combination of the above methods that I’ve mentioned. However, buying on retracement support levels, breakout patterns, bullish Ichimoku Cloud signals, and oversold RSI have a greater emphasis.

How do you usually determine an exit for a particular trade?
LandonLim: Usually when the volume seems to be dying, along with clear ichimoku cloud/RSI/Fibonacci retracement and Death Cross signals.

What would you say to new traders who want to trade well?
LandonLim: Have a systematic trading plan and set your stop loss to a smaller % than your targeted gains. After that, it is just a numbers game, you just need to win more than you lose.

Also, Fibonacci Retracements. At the 61.8% levels. The longer the time frame, the better.

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