Last week, I did not stocks-scan, hence had nothing much in my watchlist, making only a solo trade.
As i trade a bit more, i start to understand myself better: in terms of risk appetite ; and in terms of my comfort zone.
Risk appetite, in the amount of losses i could take before it felt "painful"; comfort zone, in the amount of volatility i can accept. As a result, I have taken smaller positions, and also skew towards counters of certain price. Discussing with my JC friend about this observations, resulted in him sharing about being more quantitative in the method to set stop losses, that is by setting it based on volatility and adjusting committed resources accordingly. I will direct my efforts in finding out more. and hopefully share more about it.
Lastly, my next initiative will would be to attempt to do book reviews and summaries on this blog. This will help to enhance my trading/investment knowledge, and crystalize/articulate my thoughts. If there are any interesting investment books to share, do let me know.
Growth Holdings
SGX. I saw this Donovan post on SGX a few weeks back, and started observing it. SGX had confirmed a reversal, and was hovering at the $7,5(entering an area of value) for a while, so when it started moving up again, i bought into it. There are a few strong resistance band i have identified, and i will quickly look at the counter each day to make sure we are on target upwards. Mid term, this counter is turning bullish, with SMA50 just emerging above SMA200, hopeing to ride this counter up!
OCBC entered awhile back on ascending triangle, and also due to the positive bank outlook with impending interest rates increase. I've shifted my stop loss higher from my previous $9.18 as you can see the establishment of new support levels. long term uptrend is intact. no reason to exit.
OUE. Had a good run since i bought into this counter. with a P/B ratio less than 1, and an uptrend with confirmed reversal, this slew of good indicators tells me to continue adding into the counter, perhaps when it enters into an area of value and breaks up a bit, looking at the current price range when it breaks out a little bit.
Speculative Counters
GKE. the volume is still bullish with it having consolidated for awhile. looking for this counter to break 20c, and then see how does it fair from there based on volume.
Yoma. Entered on a breakout signal, but it might be a false breakout. the volume not so good, with the absence of strong continuous bullish volume. i am keeping my currently SL since my position is quite small.
No comments:
Post a Comment