[weekly review] ww20 2018 - Now i have room to trade!

Thoughts

This week was a hectic one. one good thing though it also meant that I completed one milestone in this work year. I am fine-tuning my trading strategy.. and with one of my JC friends... I am getting very good discussion on how we manage risks through using ATRs. It is indeed really cool to have a friend with similar interest as you, who u know does not have a vested interest.

Transactions

Japfa. Bought for capital gains. Reversal play as per my stock scan(here). Committing about $200 worth of risk. I did however adjusted my SL to 1ATR of the resistance. This will hopefully allow more significant position while keeping risks managed. This entry was based on pure technicals reversal play.... The only FA for this counter is that it is a legit feedstock producing company and that lately it has some improvement in profits due to improving prices of animal proteins.

UOL. Sold. as my previous week post(here). Not only has this trade took too long to materialise, the price movement made the chart pattern not so bullish. Liquidate my position, reduced exposure by $420.

Holdings

China Sunsine.20 Apr 2018. 29 days past. insignificant dividends. Pure technicals, Uptrend play. looks like it is panning out well. put a trailing stop loss which was the low of last week's candlestick. 

Chip Eng Seng.19 Apr 2018. 30 days past. no more dividends for the year. Entry reason is a (TA) Breakout play, and (FA) income investing. It has XD-ed, and seems like it is trading sideways... i will observe another week before making a move to exit when it pass its 50days.

CSE Global. 23 Apr 2018. 27 days past. This was initiated on (TA) reversal-play confirmed, and (FA) recovery of O&G play (here). reversal play now.. Today price went above my scale-up criteria, for a while, i was tempted to scale up... but i remember about my past experience and how it wreck havoc to my mental state (here), so i decided to abide to my own criterias. Quite fortunately, i didnt jump in as subsequently the price went down. Right now with 13.5% in the profit, i will consider this as zero risks for now and once it hits above my scale-up level... i will plan another scale-up proper, no risky entry.

DBS.30 Apr 2018. 19 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. Still consolidating after the XD. so there will be 3 more weeks for some positive movement. no hurry to exit it right now... price is near 50ma... so lets see if it can fill the gap upwards.


Cumulative risk exposure: ~$1400. "risk= zero counters" China Sunsine & CSE global.

considering i want to add onto CSE global that will be $500 worth of risk. means i can add another $1100 next week that is minimally 2 uptrend counters, or as many as 4 reversal counters!