I posted a bit on the mid week so toretain the reason why i enter and exit trades.
but this week probably i exited a huge bulk of the trades, and also divested a long-time position.
anyway for any trades, do your on due diligence.
and practise good position sizing where the SL is at a level of your comfort!
Exited trades
Anchor Resources. entered this position because the chart when it entered was very beautiful, however within the next few days the trade was invalidated by a bigggg decline, so no choice had to exit. Prices hovered just before the strong R, and when it tried to breach the support it failed, and there the sell off started. so SL, no choice.
GKE. entered because it seems like it was a temporary retrace before continuing the climb. Exited because the chart pattern was invalidated when it hit under the MA20.
ShengSiong.Entered on the basis of a reversal trade, as price struck above the 50MA... however it seems like a false breakout, so had to exit when price broke 20 & 50MA, trade invalidated.
Spackman. entered Spack, because there seems to be a chance of a continuation to travel above and break the 20cent strong resistance after so many days ( nearly 1 month) of hovering and consolidation at just below the 20c mark ( 17.5 to 19c). however there was a halt for 2 days due to some new share issuance. the share price dropped after. fortunately for me i exited before hand due to the volume on the bearish candle.spared me the anguish of holding onto a bearish counter.
sunmoonfood. i entered SMF for some time already at 10.4c at an ascending triangle pattern. the counter travelled up a bit to a point of nearly 11.9c but i didnt let go... because trend trading is about letting winning trades continue to run. however i exited subsequently because it hit my trailing SL, so just protect some profits and return to fight again some day. no hard feels.
ThaiBev.Entered when the high volume + price above 50MA triggered. the break out was beautiful! however subsequently the counter hovered a bit, now it had hit the 20MA, so cutting it out first and waiting for a re-entry subsequently.
Divestment from long time holdings of Soilbuild BizSpace REITS
They are still having problems trying to rent out the space that oil gas technics used to occupy. looking at it since i have been holding them, it seems like on a long term down trend..... i will only enter it when it hits a nice price...e.g. price above SMA50....otherwise even with a good "yield" it seems like i am only getting some money back .. which i felt i should have exited just before the issues of right. i think i probably broke even in his counter, but based on returns, this was really bad!
but i am glad i cleared myself of down-trending counters and it has "lightened" my portfolio of "toxic" assets which weighted me down psychologically. I entered into a few counters as a way to maintain my long-term holdings weightage.
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