[weekend review] 2018 w48

Thoughts 

Back at work after 1 week away, very busy but still manageable.

New Skills

Income Investing: no move.

Coding: started a bit on vba

evaluating businesses: no move

Encountered some issues deploying my access database on my workplace intranet site, so had to learn new way to extract the info in excel into word doc.... but good to be able to learn new things.

Transactions

AEM. This counter has been on my watch list for a while: i) the big bodied candles had good volume, and a higher highs, lower lows had been established. the only thing that was holding be back was that the price was still below 200ma. However on  thursday (29 Nov 2018) i pulled the trigger, maybe it was a FOMO-moment... as i thought the price will break the resistance with good volume. unfortunately it reversed.. now i re-looked into this trade, and felt that the SL should be at the pink line (88c) instead. and if i stick to this SL, i would have a overly large position size. this really demonstrates why we should not FOMO trade. and trade plans should be made off-trading hours. verdict would be that this is a bad trade!

Jardine C&C. This is the kind of reversal play i should be entering (higher highs, higher lows, with price above the 200ma). i will wait to see how this pans out.

Holdings

Delong. there was some news that said one of their furnace had to close down till Mar 2019, because of  regulation against pollution in china. this is one of the risks operating in china, you have a lead advantage or disruptive technology, but there is this uncertainty that the next day, the chinese government implements a strict regulation and shuts you out. however, i was expecting a huge drop in price, but does not seem to have happened. so will see how this pans out.But there will be a likelihood for me to exit this position, since this position can be considered  trading sideways