Foreword
At work, one of my colleagues is currently in a coma as he suffered a massive brain haemorrhage. My thoughts are with him, and this serves as a reminder for me to reflect on what are the things that matter to me, and how i can use my trading and investments to reach my goals.
I will be using this weekend to set goals on the things that are really important to me, and then put it into tangible goals, before figuring out how my trading and investments will help me out. I've written about my entry and exit plans in detail ( see here) and hence perhaps i will spend some time thinking how i can incorporate trading around a core investment positions. But in the meanwhile i will review all my positions holding.
Counters
Accordia Golf Trust. There has been a beautiful run up for accordia golf to current price. i believe it will range trade for awhile, so i will need to look at the volume to decide. A support is established at the area of 74.5c so if that line is breached, i would reduce my position.
Income aspect of it, this counter produces very sound yield of nearly 9% at current price and has a good management, looking forward to the many tax-exempted profits i will be receiving.
Having received a fair bit of dividends (nearly $3K last year) and sitting on a 20% profits, i am waiting for another round of dividends to buy on dip ( if the yield is still above 6%). and when price tells me to exit the counter, i will opt to reduce it to maybe 30% of current position so that i have a zero-cost position and also redeem some of my capital for other investments.
Chip Eng Seng. My entry (73c) into CES was to catch an uptrend counter due to the triple top formation. With the release of property cooling measure, suddenly there is a price breakout, together with a nice cool 4c dividend (~5%) CES is playing out a good income & growth story. I will add to this position at dips( need to study how to incorporate these signals). currently my position is very smallish (5K).
GKE. exited then entered this counter when the price begin rising below the MA20 ( hoping for a resumption of up trend) but looks like it is not and it would hover for awhile. setting my SL below the support of 17c. the vested time should be for another 1 to 1.5months to exit if there is no upside movement. similarly a smallish position that hopes to capture a large upside here where i target it to go beyond 20c. smallish position too.
Mapletree GCC. Mapletree GCC was an entry to replace one of my income assets that i divested ( Cache Logistics). Entry wise, I was too early in the bearish flag and i was lucky i bought it close to support levels. Looking for this counter to trend upwards over some time towards $1.1 point, before i decide.
At the weekly time frame this week's candlestick was a bit bearish, but dynamic support is shown at the 10week MA. On a daily timeframe, the counter is recovering. From the false breakout.
Considering the outlook for reits and trust is not so bright, I'm entering because of the fact that it is an income asset that i hope will be generating good dividends and some growth play in the long term(200MA).
Venture Corp. I entered Venture Corp early in my investing journey as a dividend story. however the market outlook is good for non-reits/trusts type of counters, together with the semiconductors boom, this is the equivalent of striking 4D. With nearly 30% returns and having received some 6% dividends (on my cost price). I would ideally like to add some more into the counter, but at the current price, it is quite expensive with a not attractive yield.
YOMA. I detected YOMA's large volume with converging moving averages and price near there, hence i entered it. As you can see, many traders took that signal and moved into judging by the bullish volume.I'm looking forward to it trending upwards gently but surely. set a SL below the support, will be looking to reap YOMA's up trend after its long time consolidation.
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