Sunday 7 August 2016

BEEN BUSY, but still trade some stocks

I have been quiet nearly for 5 months as I does not trade much.
In these few months, I have been trading a few stocks only .

Momentum play -Stocks traded are
GKENT (purchase at 1.74, sold some at 1.89, remain some qty)
GADANG (sold too early, only earn RM0.10/unit, intended to buy again around 2.32)
OLDTOWN (bought at 1.93, still awaiting for her to breakout from squeezing)
TOMYPAK (lose a little, cut at 2.51)
CYPARK (lose a little, cut at 2.03)
POHUAT (sold some at 1.64 at breakeven to reduce portfolio, keep some to sell at 1.70)

If Tomypak, I dont follow the cut loss rule, I would have lost more, now at 1.75.
For Cypark, I bought 2.02, after seeing the movement a bit not convincing, I reduce my holding by selling some at 2.03, the rest I cut loss at 1.88 but now at 2.00.

See, sometime you cut loss, the stock go south, you feel  good as you follow your strategy but sometimes like Cypark, she rebound back and the technical look good now, but still have to remind myself , as long as I have decided the buy is based on Momentum play, I must follow my cut loss strategy.

Value Invest
I'm still keeping my Sunreit & Matrix.
For Value Invest, I would keep and may average down further like Matrix.
My average price for her is at 2.62 but now she is only at 2.52 but I have been taking dividends around >RM0.14 yearly and I have her since Apr2015, so I'm considering I'm already at positive.
Lets see, she can break the 2.58 resistance. I will start selling her around RM2.80?

thats all for today. will try to update more frequent.

As always, caveat emptor.




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