too bad that i closed Singtel too early as i felt bearish on overall market due to the possibility of US default. it went to a high of 339 but i closed at 331. nonetheless, u cannot always aim to sell at highest possible price.
I also covered f&n at 5.91 today, having shorted at 5.99. It's not a fantastic short price but lucky to get out slight positive.
I took a very small long position on F&N and Sembmar today at 5.92 and 5.13 respectively as I am looking at a small technical rebound in Dow today, after dropping 265 yesterday and for 8 consecutive days.
I am mainly in cash now till I get clearer signals. Still long bias on genting as the results will be released on 12th Aug after market hours.
Wednesday, August 3, 2011
Thursday, July 21, 2011
New positions
Hi all,
I finally closed my singtel position at 3.31 today, with a profit of 19cents but still got lots of finance charges as i held this position for so long. take it as commission saved from other reckless positions.
I am still holding onto okp, waiting for the interest to build up again. I just shorted F&N at 5.99 as i feel the market has overrun quite abit recently.
I am also quite interest in yangzijiang and genting now, long bias. looking for a nice entry point :)
I finally closed my singtel position at 3.31 today, with a profit of 19cents but still got lots of finance charges as i held this position for so long. take it as commission saved from other reckless positions.
I am still holding onto okp, waiting for the interest to build up again. I just shorted F&N at 5.99 as i feel the market has overrun quite abit recently.
I am also quite interest in yangzijiang and genting now, long bias. looking for a nice entry point :)
Friday, July 15, 2011
Position Updates
Hi all, have not been posting recently. You might realise I do not have so many trades nowadays. Firstly, I have little margin left and there are some positions I want to hold a longer term, firstly is my confidence level and secondly is a mean to test some new strategy. Similar to previous post, I am still holding OKP and Singtel. OKP at a bad price but with reference to the trading vol now, I am just waiting for interest to pick up again.
As for Singtel, from my entry price of 3.12, I have a decent profit now but still waiting. I believed in staggered profits but my position size is not large, so i rather hold and see how.
I just added ST Engg to my long positions at 2.96, but due to its subdued movement, probably I will take profit at 3.01-3.04. Any comments is welcomed, or if there is any stock u want some sharing of views, do let me know :)
As for Singtel, from my entry price of 3.12, I have a decent profit now but still waiting. I believed in staggered profits but my position size is not large, so i rather hold and see how.
I just added ST Engg to my long positions at 2.96, but due to its subdued movement, probably I will take profit at 3.01-3.04. Any comments is welcomed, or if there is any stock u want some sharing of views, do let me know :)
Sunday, June 19, 2011
Long time no post
Hi all,
firstly, thanks to survivor beginner, who asked if i am still surviving. Just to update slightly on my status here.
firstly, after the massive losses the previous time, i am seriously facing a margin crunch, meaning i do not have the means to enter the quantity and number of positions as i liked in the past.
i stopped for a while to revise what actually went wrong and tried to enter some smaller trades as testing, so i did not post it here. I shorted f&n and made a small amount but decided to turn long on f&n after i think it has bottomed in the short term, but as u know, i'm grossly wrong, so i returned the profits + interest back to the market.
Positions update now: I am long on OKP again, although it has broke my first level of support at 63, the next will be 60cents, so if it breaks, i will cut all my positions on OKP.
I am also long on Singtel at 3.12 which is at 3.02 now. First level of support at 3bucks now, but on a more fundamental level, i will hold on to singtel as long as my margin allows, due to its big dividend coming.
I longed UIC at a small quantity due to the potential takeoover rivalry but sold all at the same price to give a margin buffer for the 2 positions above.
some new philopohy that i am adopting now. for example, if my stipulated trading capital is 30k, i will always maintain 30k of margin within my CFD account. periodically withdraw an amount for basic expenses (surplus) and if the surplus reaches a certain stage, say 3-5k, i will invest in dividend yield stocks. The quantity i buy may not be high, but it is nonetheless decent yielding stocks. Those I am looking at will be A-reits, Plife Reits and M1. The yield is not fantastic but the quality of properties and business appeals to me.
This firstly, ensures that even if a bad trade wipes u out significantly, u always have some reserves, in terms of stock investment. I do not mean selling these investments as capital to fight back with the market. Perhaps the dividends can be plough back to trading capital or maybe as living expenses or even, a small treat for your loved ones. they matters most, in any scenario, though many will agree but their actions will say the other. think hard...
it is always important to differentiate trading and investment portfolio. under my long term investment, i have adampak and hutchison trust. adampak because i like their business model with decent dividend yield, although it is a boring stock that can hardly multi-bag. hutchison because i was scammed to apply at IPO and got caught 8 lots, trapping me 10k, which feel stupid. 5% yield is not too bad, if u do not consider the price to drop 20%...
Sometimes i felt quite dumb as i knew i am very long-bias, as i feel once the market recover, it will be faster than anyone believe. Dow has recovered slightly for this week but no matter how dow rise, sti always drop. it has significantly underperform on a weekly basis, therefore i am long-bias, though i am biting the bullet on a daily basis.
another change i had is not to look at the market from 9am onwards. the cfd does not really allow me to fix some cut loss or take profit level as i uses DMA, hence i might wake up feeling shocked / surprised at current price. this might not be a good habit, but i feel i can control my mood better and skip the morning crazy fluctuations.
a trusted friend recommended me to buy hartawan due to some rumours which i will not state here, but i have not much capital left. at current 11.5cent, it is a great entry price, so those with the stomach can give it a try. if make money, congrats, drop a note and say thanks to me. if lose money, don't scold me. i am not vested.
my personal email is marketsurvival@gmail.com so u can drop me a mail anytime if i am not posting due to my schedule. good luck to all in surviving. FYI i am wiped out 40% of trading capital over the past 1mth, which is quite a nightmare as i need to double my capital to reach the past glory days. haha but i know if i keep to my system with great discipline, i can do it, as proven many times in the past.
firstly, thanks to survivor beginner, who asked if i am still surviving. Just to update slightly on my status here.
firstly, after the massive losses the previous time, i am seriously facing a margin crunch, meaning i do not have the means to enter the quantity and number of positions as i liked in the past.
i stopped for a while to revise what actually went wrong and tried to enter some smaller trades as testing, so i did not post it here. I shorted f&n and made a small amount but decided to turn long on f&n after i think it has bottomed in the short term, but as u know, i'm grossly wrong, so i returned the profits + interest back to the market.
Positions update now: I am long on OKP again, although it has broke my first level of support at 63, the next will be 60cents, so if it breaks, i will cut all my positions on OKP.
I am also long on Singtel at 3.12 which is at 3.02 now. First level of support at 3bucks now, but on a more fundamental level, i will hold on to singtel as long as my margin allows, due to its big dividend coming.
I longed UIC at a small quantity due to the potential takeoover rivalry but sold all at the same price to give a margin buffer for the 2 positions above.
some new philopohy that i am adopting now. for example, if my stipulated trading capital is 30k, i will always maintain 30k of margin within my CFD account. periodically withdraw an amount for basic expenses (surplus) and if the surplus reaches a certain stage, say 3-5k, i will invest in dividend yield stocks. The quantity i buy may not be high, but it is nonetheless decent yielding stocks. Those I am looking at will be A-reits, Plife Reits and M1. The yield is not fantastic but the quality of properties and business appeals to me.
This firstly, ensures that even if a bad trade wipes u out significantly, u always have some reserves, in terms of stock investment. I do not mean selling these investments as capital to fight back with the market. Perhaps the dividends can be plough back to trading capital or maybe as living expenses or even, a small treat for your loved ones. they matters most, in any scenario, though many will agree but their actions will say the other. think hard...
it is always important to differentiate trading and investment portfolio. under my long term investment, i have adampak and hutchison trust. adampak because i like their business model with decent dividend yield, although it is a boring stock that can hardly multi-bag. hutchison because i was scammed to apply at IPO and got caught 8 lots, trapping me 10k, which feel stupid. 5% yield is not too bad, if u do not consider the price to drop 20%...
Sometimes i felt quite dumb as i knew i am very long-bias, as i feel once the market recover, it will be faster than anyone believe. Dow has recovered slightly for this week but no matter how dow rise, sti always drop. it has significantly underperform on a weekly basis, therefore i am long-bias, though i am biting the bullet on a daily basis.
another change i had is not to look at the market from 9am onwards. the cfd does not really allow me to fix some cut loss or take profit level as i uses DMA, hence i might wake up feeling shocked / surprised at current price. this might not be a good habit, but i feel i can control my mood better and skip the morning crazy fluctuations.
a trusted friend recommended me to buy hartawan due to some rumours which i will not state here, but i have not much capital left. at current 11.5cent, it is a great entry price, so those with the stomach can give it a try. if make money, congrats, drop a note and say thanks to me. if lose money, don't scold me. i am not vested.
my personal email is marketsurvival@gmail.com so u can drop me a mail anytime if i am not posting due to my schedule. good luck to all in surviving. FYI i am wiped out 40% of trading capital over the past 1mth, which is quite a nightmare as i need to double my capital to reach the past glory days. haha but i know if i keep to my system with great discipline, i can do it, as proven many times in the past.
Tuesday, May 24, 2011
2 Slaps in the face
Have not posted for a few days, pretty bad shape now. Finally cut loss on sembmar at 5.18 today, around day low. Have breached every single cut loss level, surviving only on hope and more hope. it eventually ran out and to me, it is real stupid to be selling when STI dropped so much. With dow futures at -100, there is actually not much downside to hold till the next day as much has been factored in. However, i'm pretty tired by Sembmar. It has been a real weak stock the whole week. any market recovery will not give it any good rise. any shakes to STI and it will return all gains with interest added in. Not to mention the high commission, trading as a retail.
I cut a big loss and entered Singtel at closing instead. Perhaps it is a real sucker trade.
I entered Ausgrp as well at 45.5cent with a good chart. Cut everything at 44.5, not so much of reversal but low on margin and would like to reduce exposure for tmr. upsetting, wiped out this month's profit and more. It just shows how important to keep to a strict cut loss level coz u will never know what is awaiting u. shuckz...
I cut a big loss and entered Singtel at closing instead. Perhaps it is a real sucker trade.
I entered Ausgrp as well at 45.5cent with a good chart. Cut everything at 44.5, not so much of reversal but low on margin and would like to reduce exposure for tmr. upsetting, wiped out this month's profit and more. It just shows how important to keep to a strict cut loss level coz u will never know what is awaiting u. shuckz...
Wednesday, May 18, 2011
Sembmar and NOL
for those who followed my thread will know I loaded Semb at 5.46, which OUCH, is quite wasted as it went to a high of 5.66 then down to current level of low 5.27 i think. Never take profit, looking at a big paper loss now (at least big to me).
If u noticed, on friday STI was up 32 points and sembmar was up... 2cent. on Mon STI dropped 32pts and sembmar was down 15cents or so. This shows an inherent weakness in sembmar, having underperformed STI for the past week. It has broken my many levels of support and to be frank, this has become an emotional trade instead of a charting trade. Such trades are usually killer trades, to be frank. It needs to happen once in a while to wake u up, in my instance, now surviving on hope and fear only. If it breach the low of today at 5.27 then i will have to cut, eroding my earnings for the month. It just take a bad trade to wipe out many good trades, as u can see my hit rate is pretty decent for the past month. 1 word to say... idiot.
I increased my positions by buying NOL at 1.86 also, which i failed to get in and it went to 1.93 high. this is a pretty safe trade to me as it retraced to support level after the bad STI run. this is a contra trade as i no longer have margin for anything else after sembmar. I also got in Ezion at 0.715, that's all for now.
Now is start to pray and hope i crawl out alive. good luck to me, i need that.
If u noticed, on friday STI was up 32 points and sembmar was up... 2cent. on Mon STI dropped 32pts and sembmar was down 15cents or so. This shows an inherent weakness in sembmar, having underperformed STI for the past week. It has broken my many levels of support and to be frank, this has become an emotional trade instead of a charting trade. Such trades are usually killer trades, to be frank. It needs to happen once in a while to wake u up, in my instance, now surviving on hope and fear only. If it breach the low of today at 5.27 then i will have to cut, eroding my earnings for the month. It just take a bad trade to wipe out many good trades, as u can see my hit rate is pretty decent for the past month. 1 word to say... idiot.
I increased my positions by buying NOL at 1.86 also, which i failed to get in and it went to 1.93 high. this is a pretty safe trade to me as it retraced to support level after the bad STI run. this is a contra trade as i no longer have margin for anything else after sembmar. I also got in Ezion at 0.715, that's all for now.
Now is start to pray and hope i crawl out alive. good luck to me, i need that.
Thursday, May 12, 2011
Positions Update
Covered all Olam at 2.84, though the opening at 2.82 would be nicer. Nonetheless, Sembmar is dropping significantly as well. Will still be holding onto it. China Minzhong is a real waste but you can't expect to make all the profits. Punted MZ and lost a few hundred in the morning. Dumb... must lose something there and then to remind ownself to be smarter. Discipline disappear at the blink of eye when impulse takes over, regardless of how discipline u are.
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