[review] brexit on my account

Summary of Action

Traded Hyflux & cityneon for a profit of $218

bought Thaibev at 91c (now down 89.5c)

Thought for week

Brexit occured over friday, and prices of many counters dropped like flies, i was not spared too.

so i thought it was timely to review my counters.

i checked with my earlier forecast of some trade counters, and found 5 out of 5 forecast came true if i ignored the brexit friday effect. i will continue to do such forecast to hone my forecasting skills. though for this week, there was nothing much to look at, as all the signals were not clear due to the brexit. 

an after thought was that even though BREXIT has been repeated numerous times prior to it actually happening, the actual results caused quite a big drop, though many counters quickly recovered.

Lesson learnt: Need to consider "big events" like Brexit, etc even when signals are good.

Income holdings

re-evaluated my income holdings, i need to sell 2 of the counters and then monitor Accordia golf trust more.

venture. stood out very well in these times of distress, i wished i bought more of it over the week, as it was uptrending. there was a large spike on friday that pushed the price up significantly. the uptrend is here to stay for sometime, should buy up more to sell if limits permits.

Cache Logstics. prices have returned to when i have bought it, i should cut loss, recover some money. so i can use the liquidity for other trades, as it is started on its lower lows down trend already. if you notice there is also a head and shoulders down trend formed. anyone any thoughts?

 

Soilbuild Bizspace reits this counter have probably helped me lose 10% of its value and it is still in my hands, trader me tells me to cut loss. as the down trend will persist, i will not buy it till i spot an up trend, so i can slowly build up on this counter.

Accordia Golf trust.The trust had not been met with the increase i was hoping it would, despite its steady revenues and decreasing operating cost. the DPU of 4.31c worked out to about 6% of my buying price which was quite a decent price to enter. anyway i will be entering more into accordia when the indicators are clearer. as this trust enjoys steady revenue and decreasing operating cost. and being a market leader in the japanese market, looks like a great place to park.but need to bear in mind to be careful

Trade action

 Cityneon. this uptrending counter, saw higher highs and higher lows, i thought i should ride this trend up and took a position, only for it to encounter some drops, i decided to contra it off and earn some coffee0money of 20$. but re-looking at it, i could re-enter the position and let it ride upwards again. will observe monday's activities again

Hyflux is the darling right now, i bought in at 59.5c and sold of at 61.5c before it dropped further, earned a bit ($200 after transaction fees) now i'm considering CFD because these trade positions incur quite a huge fee, i rather have some liquidity( without committing so much $) and have lesser fees since i am trading intra week, so i can runaway and get profits within 1 bid up. Hyflux right now is also forming a cup and handle, which will be very interesting to spot, and hopefully ride up on, since the brexit has reduced it price by a bit. hoping to ride it up and earn some coffee money.