Today I sold my Malton at 0.92 as per my trading plan, sell at 1st resistance using my MP strategy (http://www.reiccs.blogspot.com/2013/10/3-strategies-separated-into-3-portfolio.html)
As I mention earlier I trade on Malton only, not invest. If she were to fly higher, I should not regret as I has plan my trade and I should abide to it, afterall is a profitable trade.
Just some comment on Orna, as the market is very uncertain and I did not study much into the Orna Fundamentals, I set up a very short term trading plan for my Portfolio 3 (Momentum Play- MP)
I mention in my last post I bought at 1.14 and sold at 1.25. This is a good trade as Orna as at today has 1.12 drop back to below my purchase price.
I add some position in UOADEV at RM2.02 using my Portfolio 2 (VaIue Invest with Trend trading - VITT). Lets see how it goes, she has broken into short term uptrend, and I'm watching closely as she would break the 200MA around RM2.15 to be enter into a Medium Term uptrend. Fundamentally all property stocks' price is too tempting to purchase as they are selling at PE around 7.
Tuesday 25 March 2014
Thursday 6 March 2014
Update on Orna & new stock to watch
Last few weeks, I was wondering will I be stopping blogging.
My workload has been affecting my stock analysing focus, thus really didnt purchase anything much lately. Thus I have nothing much to blog. Sometimes, I have something on mind to pen down something, end up to lazy to ON my laptop.
So, lately I decided to push myself to trade something, afterall, RHBINVEST can do all the trading programming strategy at night and let the trade done by itself with all my conditional instructions.
And I would like to make my blog more active again and my loyal fans, pls help to to spread some words out on my blog and also I hope to earn something from my nuffnang, need everyone support :)
Orna.
I sold my Orna at 1.25/1.27 today. Earning about 10% for a 2 day trade.
A good one if I would to judge myself.
Malton
Last trade, I cut loss at 0.895 on 21/Nov/2013.
Here I am again, enter into her at 0.870. I always have this feeling, either I cut loss or take profit, I wanted to re-enter with a lower price. Cant seems to get this persistence out from me. Anyway, I did enter at a lower price than I cut loss last year.
As the market has not been having a very meaning correction in the recent months, I would rather having short trade than longer ones. So, my Profit would be at 0.92. A short one indeed, if the strategy turns out right, a 6% gain in this trade. Let see how it pans out.
MPHBCAP
I did try to enter into her but did able to get in at 1.86, thus didnt have any.
My workload has been affecting my stock analysing focus, thus really didnt purchase anything much lately. Thus I have nothing much to blog. Sometimes, I have something on mind to pen down something, end up to lazy to ON my laptop.
So, lately I decided to push myself to trade something, afterall, RHBINVEST can do all the trading programming strategy at night and let the trade done by itself with all my conditional instructions.
And I would like to make my blog more active again and my loyal fans, pls help to to spread some words out on my blog and also I hope to earn something from my nuffnang, need everyone support :)
Orna.
I sold my Orna at 1.25/1.27 today. Earning about 10% for a 2 day trade.
A good one if I would to judge myself.
Malton
Last trade, I cut loss at 0.895 on 21/Nov/2013.
Here I am again, enter into her at 0.870. I always have this feeling, either I cut loss or take profit, I wanted to re-enter with a lower price. Cant seems to get this persistence out from me. Anyway, I did enter at a lower price than I cut loss last year.
As the market has not been having a very meaning correction in the recent months, I would rather having short trade than longer ones. So, my Profit would be at 0.92. A short one indeed, if the strategy turns out right, a 6% gain in this trade. Let see how it pans out.
MPHBCAP
I did try to enter into her but did able to get in at 1.86, thus didnt have any.
Wednesday 5 March 2014
M-reits recovery on track ! Need a few more push for full recovery.
If one is following the REITS or have been holding on to some REITS, you can see they are slowly recovering but we are still not out of the woods yets. I would say if the REITS broke the 200MA line convincingly, then we would consider have change the mid term downtrend to sideway or uptrends ?
Let see in the next few weeks. Btw, or all the REITS, I would be focusing on SUNREITS and CMMT only.
Let see in the next few weeks. Btw, or all the REITS, I would be focusing on SUNREITS and CMMT only.
Recent stock I trade (MP strategy)
Last month, either I was too busy or too lazy to pen something here. Anyway, I didnt trade much, so nothing much to write.Normally, I would like to put some charts for each of my post , these is time consuming, thus I'd skip some posting even I had intended to write something. So, I decided to put a short post in coming future for what stock I'm aiming at or had just purchase.
Last month, just trade MPHBCAP, just a short trade. Initially plan to take profit at 1.92 but due to some greediness, change my selling q to 1.98, end up need to take profit at lower target at 1.86.
Yesterday, I plan out 2 short trade, intended to have short trade as normally overall market would not be good after all the company results is out. I selected Orna (E=1.15, P=1.27 or 1.37) and Coastal (E=4.37, P=4.61 or 4.77). I'd got into Orna at 1.14 while not manage to enter any Coastal as she just jump up and fly all the way to 4.65. A good catch for Orna also as she closed at 1.21. I using the RHBInvest program to set once she touch 1.15, meaning my TA signal is confirm and automatically the program enter my queue at 1.14. Luckily the some buying/selling is there for me to catch at 1.14, if not, it will same as Coastal, a good trade plan but not able to execute.
Last month, just trade MPHBCAP, just a short trade. Initially plan to take profit at 1.92 but due to some greediness, change my selling q to 1.98, end up need to take profit at lower target at 1.86.
Yesterday, I plan out 2 short trade, intended to have short trade as normally overall market would not be good after all the company results is out. I selected Orna (E=1.15, P=1.27 or 1.37) and Coastal (E=4.37, P=4.61 or 4.77). I'd got into Orna at 1.14 while not manage to enter any Coastal as she just jump up and fly all the way to 4.65. A good catch for Orna also as she closed at 1.21. I using the RHBInvest program to set once she touch 1.15, meaning my TA signal is confirm and automatically the program enter my queue at 1.14. Luckily the some buying/selling is there for me to catch at 1.14, if not, it will same as Coastal, a good trade plan but not able to execute.
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