1 Year Anniversary

Time flew by really fast, my blog is 1 year old. Still a baby step, wonder how long I will be writing.
I started this blog with 3 objective :-
1) To record my own trading and the way I deal with each trading or investment.
2) To share my knowledge to any readers who is interested in reading my blog or gaining some basic trading knowledge.
3) To earn some advertisement pocket money though till now is quite disappointing :(

Anyway ...... Lets brace for the sideway to correction coming soon, then we can pick up some cheap
stocks to trade and invest !!!

Review on Sunreit !

Its been more than 1 year since I bought in Sunreit. Since I started learning trading strategy a few years back, I seldom hold a stock for more than 1 year. But for Sunreit, I'm applying dividend yield investoment strategy. Then again, when Sunreit climb agressively last week, I was tempted to sell some and buy back later. I q to sell at 1.65, too bad, she just manage to touch 1.63 on 15Aug12 and retrace back at the very quick pace. Actually I did check that there is a resistance at 1.60 and the 2nd one is 1.65. Since I'm not so eager to sell as I'm investing rather than trading, so I q for her at the 2nd one. Nevertheless, I'm waiting for another BUY signal  to add some position again. I just use 2 criteria as buy signal for Sunreit : "price action drop back to 20MA and stochastic 14d at oversold and rebound' . I derived this just from the chart history of Sunreit. Just look at those arrow which indicate a good/reasonable entry point.

Selamat Hari Raya Aidilfitri

I would like to wish all my Muslim readers here "Selamat Hari Raya Aidilfitri".....Maaf Zahir & Batin .....

MPHB followup - Position close with 8.9% gain

I bought her on Monday 23/July after I posted on her on 21/July
http://www.reiccs.blogspot.com/2012/07/mphb-another-1-more-round.html , I got her at 3.54. After factor in the 5 sen dividend that ex on 30/July, my entry price would be 3.49. I sold today at 3.80 for a gain of 31 sen. She took me near to 1 month before gaining 8.9%. Is it too long for MP ? Well, I think is reasonable as I think for Momentum play, max I can tolerate would be 8 weeks. My initial trading plan is to P at 3.80 as below, then after the dividend, I re-plotted my chart and found that the next resistance is 3.83. Yesterday night after reviewing the chart, I find she was climbing the bollinger band, these make my greed overcome me, makes me thinking of riding the band. Then, I tell my self, stick to my initial plan, so this morning I q 3.83 (still reluctant to follow the initial plan plotted before I took my position). After I found she was smack down after reaching 3.82 (the resistance 3.83 show her color ;) ) and the forming of hanging man candlestick, so I decided to stick back to my old plan and sold at 3.80. See for trading , emotion/greed really need to be checked at all times. Anyway, it she really climbs further, one should not regret, just be happy and grateful that I've close position to "TAKE PROFIT" and not "CUT LOSS".

Chart plotted for trading back on 21/July

Today

UOADEV - 2 days reach Profit target (>5.7%)

On 7Aug, after the buy signal, I have set up a trade plan (  E = 1.76, S=1.64, P1 = 1.84 and P2 = 1.98.) This trade is a fast one, reach my 1st Profit target in 2 days, > 5.7%.

Again, one may hope she will reached her 2nd resistance ( 2nd Profit target) with a gain of 13.5%. 

For Aggressive short term trader, normally one will target one stock will break the 1st one and reach her 2nd classical resistance. Well, time will tell.

Another Momentum Play : UOADEV

Recently, she had given a good dividend of 10sen. a
For TA wise, there is a MACD buy signal. So, E = 1.76, S=1.64, P1 = 1.84 and P2 = 1.98.
Many analyst upgrading these stock fair value.
Jupiter : 1.88
CIMB : 2.18
Kenanga : 1.84

CMMT follow up - 9% in 3 weeks+

On 9/July I mentioned on CMMT being a good investment stock and also a good trading stock due to her volatility compared to Sunreits. I got in at 1.60 after my posting, so after taking into consideration of dividend 4.2 sen paid, my entry price is adjusted to 1.56. I took profit for half of my position at 1.70, with a 9% gain in less than 1 month which I think is a good short to medium term trade. I decided to keep my other half position, still aiming for next resistance a t 1.89 to offload her. I decided not to keep her if she able to climb till 1.85 in less than one week time.

KLCCP follow up - Gain 9.3% in 4 days

Well, a good short term trade indeed . For short term trader , today she hit my Profit target of 5.4 which is 9.3% gain in 4 days. For those who want some more, tomorrow is a defining moment to see whether she can go up further. But normally, I would like to take profit for half position and let the rest to ride on.
Anyway, for those who prefer to ride on, just monitor closely.