Thoughts
Wow! less than 10 weeks left till the end of the year. The last 2 months has not been very good for my trades, but am glad i exited a large chunk of my positions once they turn awry instead of holding onto them and hoping they turn good. glad i undertake this trading journey
Income Investing: no move.
Coding: no move
Comments on market
I have been holding the view that markets will be bearish or sideways trading since middle of the year (here). It is playing out right now. In fact i even put in some stricter "rules" for myself to avoid entering reversal plays (here, or here).
However i didn't abide by my own rules (here)! Though not labelled as "reversals", I forcefully fitted them into break outs so that i can trade! Unfortunately this was costly, because those trades did not turn out well. That is why the current self-imposed restriction on trading (due to cumulative loss for the month above 1 month's savings).
Transactions
Sheng Siong. Exited as per last week's decision (here). For this position it does look like it will not breakdown, but seem to be sideways trading, so whats the point of holding as a trader?
YZJ. Exited as per last week's decision (here). while it is still "uptrending, but it had hit my SL and also the long bodied candlestick, makes it unlikely to recover in the short run, as any trader stuck will just sell to break even. this will lead price to go down, in what is known as gap filling.so there is no point holding to this.
Holdings
Delong. This counter is still up trending, but i will be cautious and exit with the trailing stop loss if it is triggered.
No Stocks Scan for the moment.
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