[weekly review] ww19 2018

Thoughts

I had too many positions that exposed me to too much risk ( earlier post here). so because of this, although i  scanned some counters the past week (weekend scan, mid week addon) and quite a few got triggered, i practised self-discipline to not enter these trades, till perhaps i free up some risk for new positions, or the existing positions make significant gains till it is no longer a "risk" but when to take profit type of position. perhaps with the last week or so being XD of many counters, i should also do a quick logging in of dividends lest i want to not document these important data.

Dividends 2018

Referring to earlier post (here) dividends collected thus far:

• 2016: $4400
• 2017:$4601.34

• 2018:

• Confirmed:$1084
• Expected: $303 (based on current holdings)

Considering this year has been focused on trend trading, and based on the position size, most of the time i am at the lower ranges of 5-digit sum vested, quite surprised with the $1K dividends. Looking at the counters that gave me insignificant counters like China Sunsine, and also counters that will not give more dividends like chip eng seng & UOL, my goal for these counters is to trade it and exit.

whereas for counters that still have some dividends waiting to be given out, i wait a little bit more patiently even if the counters are a little bit more slow moving. but i will still have to keep in my the original intention of each trade.

Holdings

Referred to earlier post (here) my approach to evaluate the position are:

• List down initiating date
• see profitable or not ( and how much is it greater than R)
• if not, check against original idea
• If no match, select to be exited

China Sunsine. 20 Apr 2018. 22 days past. insignificant dividends. Pure technicals, on breakout play. looks like it is panning out well, just that my initial size was a bit too small. but nonetheless still  up trending. 

Chip Eng Seng. 19 Apr 2018. 23 days past. no more dividends for the year. Entry reason is a (TA) Breakout play, and (FA) income investing. looks set to go back to $1, but will see if it can break out above $1 for trend play, otherwise can exit for the liquidity

CSE Global.23 Apr 2018.19 days past. This was initiated on (TA) reversal-play confirmed, and (FA) recovery of O&G play (here). Uptrend panning as planned, will look out for a scale-up position at 48.5c region ( will set alert)

DBS. 30 Apr 2018. 12 days past. this is largely a TA position because of i) ascending triangle, ii) build up before resistance. The FA is that interest rates are expected to increase so profits for banks will increase. After XD, seems like some more uptrend continuing, will hang on for the ride.

UOL. 19 Feb 2018. 82 days past. no more dividends for the year. (TA) swing trade, (FA) low PB and PE, giving okay dividend~2% while waiting(here). I will take it as if it is a fresh position but on pure technicals (restart the 50days count down), if it breaks lower or expires will just liquidate the position.

Conclusion

Potential counters to cut are CES and also UOL, but will observe