Monday, 27 February 2017

[review] 2017 W8 some contra cut loss learning to know how to set auto trades

Foreword
It was an eventful Friday this week, i executed a few trades to get out of positions, some were badly planned and was shaken out prematurely. So i guess i need to refine my entry and exit, will come up with something along the next few weeks.

Trades
GKE. is trending up well, currently at the hovering stage waiting for the 3rd boost up. i admittedly entered a bit too early. but i will observe this counter carefully, I have set some stop loss alert at 17.8c.

Wilmar. this is the most unexpected contra trade i have done is many months... I caught a falling knife and i had to let it go. retrospectively looking at it, i should have let the price start bounding up before entering. My strategy of allowing the counter to enter into a price of value before buying turn out wrong. but fortunately i didnt hesitate too much because the bearish volume was telling indeed. 


Fu Yu. I got alerted at 20.5c and sold it away. I guess looking back, i should have considered that that day was the only bearish volume  days after so many days of bullish volume. anyway i have put it back into my watch list and will find an opportune time to re-enter. 


Sheng Siong. Entered at the price of 96c on the pretext of a bullish breakout, the scribbling with the circle is my expected breakout. however these type of plays tend to have false breakouts a few time before it actually is right. but anyway i am in this at a smallish position, so i have a relatively huge buffer before i SL out of this position, meanwhile waiting for this counter patiently.

Noble. On friday afternoon, Noble took a plunge and wiped out all my profits, however the shorts covered and i recovered some of my profits. looking at the volume it is certainly a bearish volume, and it was due to a report by this dubious Iceberg research report that casted some doubts on Noble.  however after the initial shock. it seems that the counter stabilized. will look forward to the next week or two  of trading. there will definitely be a covering of gap, but i will see whether a descending or ascending triangle will form. if it is 2, i will try to exit it before it breaks down. but even then, i am only vested with a small amount


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