i am recneps | spencer am i

Follow your passion, and success will follow you. ~Terri Guillemet

[iamrecneps]

What are the Best Stablecoins and are they a Good Crypto Investment?

What are the Best Stablecoins and are they a Good Crypto Investment?

Stablecoins are non-volatile digital assets (cryptocurrencies) that are pegged to an external, real-world asset. Because they are designed to have a consistent value, in theory they allow for a risk-free investment. By solving one of cryptocurrency’s biggest issues (volatility), stablecoins give retail investors more confidence to invest in cryptocurrencies. In this blog post, I will go over what…

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[iamrecneps]

Market Analysis: Riding the Mega Forex Trend on AUD/CHF!

Market Analysis: Riding the Mega Forex Trend on AUD/CHF!

Here are some of our recent forex trades, taken from our private signals channel for our students. Trading Advice One of the easiest ways to make money is to ride a strong trend, so once you find a good trend, make sure you take full advantage of it, instead of trying to look for counter-trend trades which have a lower probability.   “As I said in my teachings, always go for the easiest trades,…

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[iamrecneps]

SkillsFuture Singapore Approved Workshop on Trading & Investing Skills!

SkillsFuture Singapore Approved Workshop on Trading & Investing Skills!

Last weekend, we conducted another online workshop on the basics of trading and investing, and since it is a SkillsFuture SG-Approved course, participants could use their SkillsFuture credits to pay for the course instead of cash. Thanks for the support! 🙏 During the 9 hours of training, participants learnt portfolio strategies to build and protect their wealth, as well as trading skills like…

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[iamrecneps]

My Trading Journey - From Broke to Financially Free in 7 Years!

My Trading Journey – From Broke to Financially Free in 7 Years!

Many people have been asking me about my trading journey, of how I basically started from almost nothing, and steadily built my way to financial freedom. It has taken me quite a while to document my whole journey, but I know it’s worth it if it can inspire others to do the same. Hi, Spencer here, founder of Synapse Trading, and thanks for dropping by!   Broke College Student When I first started…

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[iamrecneps]

Turning 35: Thank You For All the Birthday Wishes!

Turning 35: Thank You For All the Birthday Wishes!

As I slowly edge towards my mid-life crisis (just joking!), I want to thank all my friends and family who have always been there for me as my pillar of support. With no opportunities to travel this year, i have had more time to reflect on life, and here are some of my musings: Finding a life partner has been the top of my priority, and though it hasn’t been easy or successful, I have learnt…

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[iamrecneps]

Using Your SkillsFuture Credits to Learn Trading & Investing Skills

Using Your SkillsFuture Credits to Learn Trading & Investing Skills

Last weekend, we conducted another online workshop on the basics of trading and investing, and since it is a SkillsFuture SG-Approved course, participants could use their SkillsFuture credits to pay for the course instead of cash. Thanks for the support! 🙏 During the 9 hours of training, participants learnt portfolio strategies to build and protect their wealth, as well as trading skills like…

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[iamrecneps]

What is a SPAC (Special Purpose Acquisition Company) and is it a Good Investment?

What is a SPAC (Special Purpose Acquisition Company) and is it a Good Investment?

SPACs, or special purpose acquisition companies, have been championed as a way to “democratize access to high-growth companies” while “dismantling the traditional capital market.” In other words, they allow companies to raise money more easily, while at the same time giving investors a way to invest in these companies. However, it also comes with higher risk. In this post, I’m going to talk about…

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[iamrecneps]

First Batch of Students from Our Beginner's Course on Tech Stocks & Crypto!

First Batch of Students from Our Beginner’s Course on Tech Stocks & Crypto!

Last weekend, we conducted our first online workshop (SkillsFuture credit-claimable) on the basics of tech stocks and crypto, and it was a very fruitful session. Thanks for the support! 🙏 During the session, we learn how to combine technicals and fundamentals to find undervalued tech stocks. These are exclusive methods used by investment banks, hedge funds and industry insiders, so you won’t find…

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[iamrecneps]

How Much Profits Did You Make from the Crypto Crash?

How Much Profits Did You Make from the Crypto Crash?

Recently, there has been a lot of volatility in the Crypto market, with many bullish and bearish factors moving the market, which resulted in a big crash. In this post, I’m going to do an overview of the crypto and forex market, review some of our recent trades, and discuss the current trading opportunities. Covid updates Before we go into the markets, let’s take a quick look at the Covid…

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[iamrecneps]

New Batch of Traders for Our SkillsFuture SG-Approved Courses!

New Batch of Traders for Our SkillsFuture SG-Approved Courses!

Last weekend, we conducted an online workshop (SkillsFuture credit-claimable) on the basics of trading and investing, and the response was overwhelming. Thanks for the support! 🙏 Here is some of the feedback and learning points from participants, after our hands-on market analysis session to find trading opportunities in the market. If you are keen to learn more using your SkillsFuture credits,…

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[iamrecneps]

Crypto Updates: 102% Profit on Bitcoin, Ethereum & Dogecoin!

Crypto Updates: 102% Profit on Bitcoin, Ethereum & Dogecoin!

In the most recent FOMC meeting, the Fed held rates unchanged, which was no surprise, and it meant that this liquidity-driven long-term bull market in stocks and crypto will continue running. Stocks and crypto are actually pretty correlated, and the biggest danger to the uptrend is if yields start rising. In this post, I’m going to do an overview of the stock and crypto market, as well as review…

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[iamrecneps]

What are NFTs (Non-Fungible Tokens) and Why are They Worth Millions?

What are NFTs (Non-Fungible Tokens) and Why are They Worth Millions?

Would you pay millions of dollars for digital artwork? Welcome to the world of NFTs, or non-fungible tokens. Just this year so far, about $1.3 billion of NFTs have traded through Ethereum network, dwarfing the activity last year. The biggest transaction was an NFT purchased for $69.3m dollars. Sounds unbelievable? Let’s find out more about this hottest new asset class.   What Are Non-Fungible…

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[iamrecneps]

Why Paper Trading is a Waste of Time (And What are Better Alternatives?)

Why Paper Trading is a Waste of Time (And What are Better Alternatives?)

 You probably have heard of paper trading, but do you know that most people are doing it wrongly and it ends up being a waste of time? As a new trader, does it make sense to start off with paper trading and what is the correct way to do it? In this blog post, I’m going to talk about paper trading, the correct way to do it, and discuss whether it is worth your time doing it.     What is Paper…

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[iamrecneps]

Changes to the Components of the S&P 500 Index (NXPI, PENN, GNRC, CZR)

Changes to the Components of the S&P 500 Index (NXPI, PENN, GNRC, CZR)

On Monday (March 22nd 2021), the S&P 500 will be replacing 4 of its current holdings. This reflects the current market trends and new economy, and I am eyeing it closely because I have quite a lot of my portfolio in the S&P 500 ETF. This should result in bullish pressure of those stocks added, while being bearish for those removed. But before we look at those companies, do you know what the S&P…

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[iamrecneps]

How to Create a Trading Journal (And Discover Your Edge in the Markets)

How to Create a Trading Journal (And Discover Your Edge in the Markets)

Have you ever wondered why you keep making the same trading mistakes over and over again? As you start your trading journey, one very important habit to cultivate is to have a good trading journal, which is why in this blog post, I’m going to share with you how you can start a trading journal and use it to effectively improve your trading results.     Trading Journal #1 Plan New Trade The first…

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[iamrecneps]

Is the Stock Market Heading for a Correction?

Is the Stock Market Heading for a Correction?

After the sharp run-up in stocks from last year’s March lows, some people are starting to wonder if the market has got a bit too bubbly. In this post, we will compare the different stock indices, as well as some other products, to see if there are any good opportunities.   The Meteoric Rise of Bitcoin When placed on the same scale, the epic 700+% returns on Bitcoin (BTC/USD) dwarfs everything…

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[iamrecneps]

How to Craft a Winning Trading Plan (The 7 Key Ingredients)

How to Craft a Winning Trading Plan (The 7 Key Ingredients)

You’ve probably heard that you need a trading plan before you start trading, but how exactly do you go about crafting one? Now, if you’ve ever tried to start a business, you will know that you need a business plan, which tells you the A to Z of everything you need to do for your business, the step-by-step process you’re going to execute your plan, your strategy, and all that. So the same thing…

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