On 23rd June, in the morning there were several news articles contributing to the Dow Jones and Hang Seng futures volatility. How did it affect performances on Bursa Malaysia? Meanwhile, how did the traders do during that period? We believe some panic moments happened and that is caused by the fearful feelings of further uncertainties in the global scene.
However, how did the M+ Wiz perform during this period?
Mechanical methods will always outperform during these extra volatile moments.
Giving you some examples of what M+ Wiz have picked for the day.
Example 1: SCGM
Source: M+ Wiz
At 9.01am, M+ Wiz notified us of the signal and we started following this counter. Throughout the day, it was smooth sailing towards breaking the psychological level at RM2.00 after a volatile 30 mins at the start of the journey. This is considered as one of the decent trends for the day given the volatile news in the morning.
Example 2: MTAG
Source: M+ Wiz
Second example we have MTAG flashing on M+ Wiz sidebar at 9.01am as well. The start was also shaky, but the return of buyers took the stock higher for the session. Although the start was tricky as we will not know whether the selling interest will pick up or not, M+ Wiz did pretty well on notifying us the best potential spot to ride the trend.
One last thing, the key is always mitigating your emotions throughout the trading journey. Once you are able to get rid of that part, managing your risk (stop loss level), then the reward will follow you in the end. M+ Wiz is designed exclusively for you to follow the signals effortlessly.
Just follow the trend and the trend will follow you. Cheers !
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