[weekly review] 2017 w43

Thoughts

Had some really tough times at work, but i guess better than no job :)

Right now there's some really good rally going on, and i hope i can make most of trades by identifying the next upcoming counter.

My next investing knowledge to learn will be to know which to invest for 2 potential counters to maximise my ROI.

Active Counters

Chip Eng Seng. This is the income counter turned speculative position. A possible action next week  will be to scale-up on this counter with 70-80% more shares. As i am sitting on a 38% gains (psychological edge), and the TA shows a potential setup with the build-up before $1 ( yield is 4% at $1) makes it tempting!

Lian Beng. Entered this position as a speculative counter, I have scaled up on this counter 2x and probably will see if there is another opportunity around the 90c or just before $1 region. This is probably one of the best counter pick this year for me. Though the rise from 64c to 81.5c represent a gain of 30%, the systematic scaling up has allowed me to reap nearly 42% more of profits. The existing profit has acted as a buffer, and this becomes my psychological edge against the other traders.

Speculative/Value counters

Holding onto RMG, Golden Agri Resource. Both are quiet. thought this RMG results will be out soon. These counters have reasons for me to hold onto the long.

Will spend some time each week looking for new counters. last week was Ho Bee Land, which i haven't enter yet. this week i saw  Hong Fok, but i will keep the chart private till i make an entry. these 2 potential speculative counters are property-related counter, and will be short term.

Income counters

Current holding onto Chip Eng Seng (might divest to reap profits), Mapletree GCC, Global Inv, Suntec REIT. Which is 26% of my overall invest-able liquid assets. If I continue on this rate, my next year's dividend will only be 2.2K ( from this year's 4.2k). And if i divest from Chip Eng Seng, this will lead to further decline. Need to find more income counters to add on!

Will try to shortlist some income assets using quantitative measures and some qualitative analysis of the market outlook. would not limit myself to REITS only.

Conclusion

Recently, been lucky as the odds have been on my side, catching the property rally (Guocoland, Chip Eng Seng, Lian Beng)  covering the trading losses i have been making from the early part of year. 

With this, i want to draw attention to my trading tactics of:

• finding potentials (  trend ==>set-ups ==> volume)
• planning the trade position, the "intended" movement and only entering at the trigger
• cutting loss when proven wrong; scaling-up progressively at certain intervals
• exiting when trend reverses (50% then 100%); 100% when just consolidating (after  my trading timeframe ~50d)

Seems like it is showing its fruits of labour(guocoland & Lian beng), as my profits will increase exponentially and i gain a psychological edge in trading. Comparing Chip Eng Seng and Lian Beng, though the % gains since entry for CES is higher, but the absolute for lian beng has caught up quickly. 

My next assignment for myself will be how to assess which is a better position to buy. As i just realised, how my trading tactics will pull out many positions in a good week of scanning, and putting my limited resources to these will mean i might not have funds to scale-up. Realizing 2-3 trade plans a week would be just nice