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| Friday, December 08, 2006 |
| CoscoCorp |
Following my new trading idea, decided to buy CoscoCorp
Status: Bought at $2.22
Target: None
Stop out: $2.15Labels: CoscoCorp |
posted by Nenix @ 2:54 PM   |
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| CDL HTrust |
Decided to try a new trading method. Idea is to firmly keep the stock till a reversal has taken place, instead of selling when signs of reversal are seen. Realised that it is astronomically difficult to time the exit of the market.
Status: Bought at $1.46
Target: None
Stop loss: at $1.40Labels: CDL HTrust |
| posted by Nenix @ 2:50 PM |
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| Tuesday, December 05, 2006 |
| SMRT October (Updated 21st October 2006) |
I bought this share at an awfully high price at $1.24. One of my worst buy in my short trading times. If I could make a choice today, I would have sold at $1.20, cutting my loss. I have now developed a mentality of cutting my losses and riding on my profits, after some bad experiences in previous trades.
Nonetheless, this share has an upward trend if you look at it in 5 year periods. Anyway, I have been trying to average my cost to about $1.16 which is reasonable, trading between ranges of $1.08 and $1.11. This share has finally started to pick up, now trading at around $1.10. Not expecting the rise in price, my average price of my shares returned to $1.24 :( However, I will most probably sell them at $1.13 and buy them back at $1.10 and doing it repeatedly. I intend to keep this as a long term investment, so it doesn't matter how much my price is averaged to.
Status: Trading actively
Target: None
******************************Updated 19th October 2006***************************
Status: Short
Price: $1.13
Target: $1.10-$1.11
SMRT is a stock that is climbing very slowly. Always negotiating between range. Like mentioned above, it used to linger between $1.08 to $1.10 but now it is lingerin$1.10 to $1.13
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******************************Updated 21st October 2006***************************
Like analyzed before, it is growing steadily, although very slowly. Short term resistance is at $1.12, occassionally hitting $1.13. Will fall back to $1.11 again before surging up. Might hit $1.16 at the end of year. Will reassess again later.
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********************************Updated 28th October 2006 ************************
Status: Bought at $1.12
Bought at a higher than expected price. Shorted it in the first place to make NOL trade.
Manage to get returns of 0.892% in 8 days.
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********************************Updated 5th December 2006 ************************
Status: Sold at $1.14 at 30th November 2006.
Target: Buy at $1.11 to $1.12.
Action: Bought at $1.12 at 1st December 2006
Results: Manage to get returns of 1.78% in 1 days.
**********************************************************************************Labels: SMRT |
| posted by Nenix @ 11:27 AM |
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| CDL HTrust (4th December 2006) |
********************************Updated 4th December 2006 ************************
Status: Sold at $1.33
Suspected a reversal. (Might not be a reversal. Possible judgement error)
Manage to get returns of 7.25% in 4 days.
**********************************************************************************Labels: CDL HTrust |
| posted by Nenix @ 10:25 AM |
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| CDL HTrust (30th November 2006) |
Decided to buy because price trend is increasing. Stochastic chart is showing signs of high buying concentration.
Status: Buy at $1.24 at 30th November 2006
Target: Sell when there is a reversal of trendLabels: CDL HTrust |
| posted by Nenix @ 12:52 AM |
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| ComfortDelgro (Updated 4th December 2006) |
 At that point of time, I decided to get ComfortDelgro because of the few reasons.
1.) I thought that the downward trend will be over soon. (Mistake on my part)
2.) This is reinforced as the stochastic crossed the 20% on stochastic chart.
3.) The volume decrease with the price decrease is an indicator the the overall trend is in the bullish state, even though it is experiencing a short term down trend.
Status: Bought at $1.56 on 28th November 2006.
Target: Sell at $1.60 about 15days or lesser.
Action: Sold at $1.58 on 4th December 2006
Result: 1.28% in 6 days.Labels: ComfortDelgro |
| posted by Nenix @ 12:37 AM |
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| December Trading idea |
This is the last month of the year, and I have achieved my target for this year. However I failed to hit the stretch goal I set myself. This is because I made a few mistakes (fatal ones) during this year.
One of them was StarCruise(US$). Being exchanged in US dollar, it proved to affect me on several factors. Firstly, I lost out heavily on the exchange difference. At that point of time, value of Singapore dollar, relative to the US dollar is growing stronger. And selling at a loss is made worse with significant exchange rate differences.
Secondly, I wasn't disciplined enough to cut my losses. I went on the mentality of "hoping" it will recover. Its totally wrong. One must be firm and quick to admit one's bad trade. In the journey of trading, there will be wins and losses. Oh well, at least I manage to cover the losses with my other trades.
Reviewing myself, I realise that I find it difficult for me to ride on my earnings. Many a time, I fail to hold on to it longer (Olam, Cosco Corp). I always tell myself to ride on profits but I always fail to do that. Next year, one of my resolutions is to be firm in my judgement. Especially when it comes to riding of profits.
Anyway, this month, I will try to consolidate all my shares after active trading for the past few days. I will be holding on to SMRT and SingPost till mid January. The status of SingPost will be dependant on its dividend issue in January. SMRT is my pick for the long term, so I have no qualms about keeping it aside.
I hope to get CoscoCorp as well. This is an equity that is rising and it is a good opportunity to practise how to "ride on the profits".
Anyway, its nice to see comments, and I really appreciate them as it helps me improve due to their insights.
Year end is coming and I wish all of you a Merry Merry Christmas :)Labels: december, trading idea |
| posted by Nenix @ 12:12 AM |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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