Sunday, 23 October 2016

[review] Trading portfolio for the moment

Foreword
Not scanning for the moment as i consolidate my positions and re-think how i go about accumulating my wealth. things i will need to do are:
i) Portfolio management: rebalancing and reviewing my actions
ii) re-strategize: check if my investing strategy is paying off, and check what i have done wrong.
iii) save more earnestly, identify areas where i can reduce spending.

Summary
My friend YL shared with me that i need to make it easy for myself to find find counters to buy and stop loss. and one easy way was to have a spreadsheet that outline my basic strategy for this.


As you can see, i combined my threshold (stop loss value) and also put in perspective support and resistance ranges for the counters. I'm interested to see how things go as i have more counters in the red than in green, not too sure if i should be holding onto them or cutting losses.

Charts
Boustead. I have held onto this counter for months (3 months) and it has rewarded me with a 10% increase ( if you normalize it to 1 year, that is a 40% increase), i need to find more of such counters, without risking too many -5%s. I'm holding onto this counter as the outlook is better these days and it is uptrending right now, so i do not want to cut off to take profit too soon.




Yoma Strategic. this counter sees a fair bit of accumulation volume during the consolidation stage, together with a convergence of MAs, i'm just waiting for this counter to burst upwards! i can foresee myself entering a bit more  when it breaks out.



Yuuzoo. this ecommerce counter, was a remnant of my active trading period during my in-camp training. 1 lesson learnt was to close positions when the type of vigour cannot be sustained. closed the position then, i would have been up $100 instead! but i will see how, this could be one of those park and wait kind of counter for me since it is only $1000 odd in. will see how it pans out eventually.



MM2 Asia. this counter had a share split, and i entered as a uptrending play. currently it is facing a pull back, I will observe it closely to make sure it isnt the big boss running away!


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