[weekly review] ww12 2018

Thoughts

Been a busy week, lots of things happening at work, but finally on ICT. can have a breather.. and carry on trading, though didn't expect to be bruised by the "trade wars". in my opinion, i will still stay vested though not like fully in it... because it will need some time for the markets to react fully to it first any move up might be missed if i dont have a position in it. Though i will be expecting more volatile days to come.

Transaction

AEM. Exited 80%. the remaining 20% is effectively "free". Instead of a pure cut off, i kept the profits as holdings as i believe there is some more upside to this counter, just that the technical right now points to a ranging trade..... so by making the position "free" i effectively have a stronger and sharper edge compared to probably 85% of the traders. expecting possible range bound trading between 5.4 to 7.4..... will set alerts on my trading acct. meanwhile will search for other counters.

Heeton. Exited this position as it has not moved according to plan for nearly 1month, so exit to regain liquidity.

Holdings

 I have other holdings like UMS and UOL which turned from profits to losses due to this current "trade wars" climate. however the companies have not hit my SL yet... and offer some decent dividend, so will wait for this period to tide thru or exit position to regain liquidity.

As i will be in ICT, i will try to refine my investment strategy, something i have been neglecting for a while. so stay tuned :)

Raffles Medical. Bought as a reversal play. retrospectively speaking, i might have entered too early in the 1st pull back. but the support is very clear, so will need some patience to see how things pan out, as it seems to be able to reverse into a uptrend... so betting a small amount on it.