Thoughts
Last week was a great week to relax for me, only physical tasks nothing too brain sapping. I slept more and enjoyed the connection with my long-time friends. Good thing about reservist is that it puts people of different background together, and we learn from one another. some of my friends from the financial industry shared about diversification:
- Diversification by Geography. because our jobs, CPF, saving accounts are all in SINGAPORE. a good point to note.
- Diversification of Strategy. With emergency funds settled, looking into different strategies to grow egg nest is important. these can take on larger risks. or can be less attention intensive ( DCA of an ETF, momentum strategies across asset classes, etc --> need to study!)
Savings Optimization
- UOB one savings: Tell me to go to the branch to submit things... WTH going to try one more time with the online uploading
- DBS Multiplier: pending Creditcard, need to upload documents.
- CIMB: up and running!
Transactions
UMS. Exited because breakdown! i accidentally doubled up... so my losses increased further, quite sad. But i am reminded to stick to stop losses, so i ruthlessly cut it off. lucky for me, because otherwise i will lose more. this is the test case where "reversal plays" need to be more conservative and expose ourselves to lesser risks!
Holdings
Spackman. Holding well, still sometime till expiry. currently consolidation mode, waiting for the breakout move! This reversal play has a very small position!
CSE global. Consolidating again. so waiting for the breakout again. review it next week, if pattern no good, i will eexit even before cutting the SL
Japfa. Lately some pullbacks, this is normal for a strong trending counter. it has not hit my trailing stop loss. so i am in it! hopefully there is some pattern formation before trend continues going up. otherwise will just need to exit.
No comments:
Post a Comment