Top trader Eugene: Most positions have been cleared, waiting for the market leverage to be cleaned

Top trader Eugene Ng Ah Sio released a summary of his trading performance for September. He stated, "After experiencing false breakouts and volatile market conditions in August, my trading volume decreased. Apart from some short-term operations with SOL, I achieved very small percentage gains.

 

In terms of asset selection, I almost accurately identified every outstanding asset but had major issues with position management. The biggest missed opportunities this month included SUI, PEPE and ENA; even though I had spotted them early when the market pattern began to change and had traded these targets before.

 

Overall, I am quite satisfied with my trading performance this month. Being able to stay ahead of the market through focus and perseverance while sticking to the original plan to determine profit-taking levels is gratifying. Most of my positions have been cleared now but waiting for a leverage washout in the market which I believe will occur with considerable certainty."