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| Tuesday, January 30, 2007 |
| Sales of the losers |
Guess I did make a wrong calculation. Momentum shouldn't be taken precedence to the trend. I got the order wrong. Instead, momentum should only be used as a basis. What an expensive lesson I have to make.
Need to retweak my system once again i guess.
Results
Multichem -12% (way beyond stopper.. Couldn't stop loss.)
Cambridge -5.5% (kinda an impulse buy)
China Great +40% (saving grace of my recent trades, which was a fluke in my opinion)
Labels: Cambridge, GreatChina, MultiChem |
posted by Nenix @ 7:44 PM   |
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| Monday, January 29, 2007 |
| Shopping spree |
Recently bought a couple of small shares using the capital returns from CoscoCorp.
CourtsSp @ 0.735, Devotion @ 0.19, EDMI @ 0.325, Hosen @ 0.33, MediaRing @ 0.465 and StraitsAsia @ 0.775.
Well, these are the picks for the short term. All except CourtsSp seem to be doing ok.Labels: CourtsSp, Devotion, EDMI, Hosen, MediaRing, StraitsAsia |
| posted by Nenix @ 11:25 PM |
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| Friday, January 26, 2007 |
| Cambridge |
Bought at $0.90.
A moderately good buy thoughLabels: Cambridge |
| posted by Nenix @ 9:19 PM |
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| CDL HTrust and CoscoCorp Sales |
Sold CDL HTrust at a price of $1.66. As it show signs of reversal.
A 14% returns after 14days.
Sold CoscoCorp at a price of $2.68 as reversal signs are observed.
A -3.24% loss after 8days. But a net 20.1% on this equity.Labels: CDL HTrust, CoscoCorp |
| posted by Nenix @ 10:23 AM |
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| CDL HTrust Sales |
Sold at a price of $1.66.
A 14% returns after 14days.
Showed signs of reversal.Labels: CDL HTrust |
| posted by Nenix @ 10:23 AM |
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| Wednesday, January 24, 2007 |
| New function in the sidebar |
People have been asking me.. when to sell xxx and how much? Well, to prevent myself from repeating, I would put in the side bar this "Stocks Sell Counter"
This is how it will work.
Each stock will have a rating from 1-10.
10: hold as it will generally be safe for a few weeks.
6-9: healthy zone so need not worry so much.
2-5: lookout zone. Might sell soon.
1: might sell the nxt trading day.
Of cos, due to nature of the stocks, ratings can change quite frequently, but a range above 5 should be healthy enough.
Hope this counter helps! |
| posted by Nenix @ 11:01 PM |
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| Tuesday, January 23, 2007 |
| MultiChem, GreatChina, and CoscoCorp |
Picked MultiChem at $0.28, GreatChina at $0.10.
Target on short term returns.
CoscoCorp on alert. Might sell tomorrow or ThursdayLabels: CoscoCorp, GreatChina, MultiChem |
| posted by Nenix @ 8:50 PM |
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| Inception of the fund |
Well well well, after some research and what not, I manage to model my portfolio as a fund. This way, I could track my progress with the STI index. I try to keep my unit price as accurate as possible, accruing liabilities etc... So much work... no wonder accountants are in demand.
Anyway, the launch price will be at an initial value of SGD$1.00, incepted in 1st August 2006. The reason I use the date is because it is only from that period, that I maintain my finances using a software call Quicken. This program has now been inseperable from me.
Anyway, before reading up, I thought my returns were like 30+% withing 4 months. LOL. It was unbelievable.. But I realised that I just could add my future investments and consider it as growth. Silly me.. Then I tweaked it around, and I was saddened by the new rate. 11%. What a contrast. I failed the index by more than 50%. After further reading, I sorted out the problems and its now at a modest rate of 20% (still quite a distance off the index returns but at least its 20+% returns.)
After trading for two years, I begin to feel that I'm now trading not for the money, but for the challenge. The market is really an amazing place. Psychology of traders, how people react etc never fail to amaze me. And its good that I'm more composed now. Even though I made silly trades, since august (which is the turning point for my trading journey), I keep to my rules in my trading system. Of course, lots of tweaking is going on to perfect it, but this process is so damn fun.
Back to topic, this fund focuses on only the local market at the moment. After accumulation of more capital, I will allocate to the US market. Right now, I'm only trying to figure the differences between markets.
Anyway, I hope I could handle a big correction (bear market). This will be a good test. Wish me luck and I hope that after a crash, I could still be here to continue boasting about my results and not whining.
CheersLabels: NenixDreams Fund |
| posted by Nenix @ 1:56 AM |
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| Saturday, January 20, 2007 |
| Reality Check |
After a bit of reading up, I tried to make my investment portfolio in similar manner of a fund.
Then I realised that I didn't perform as well as I thought I would be.
Looking at STI index, it shows returns of 24.3% since August 2006. As my records are clear only from August, I used that as a starting point.
For my funds, after reducing the liabilities incured etc, I only have a 11.79% returns. Its just way below market performance. Guess I will have to put more effort into it. This year will be the year to test if I could really beat the market. If the down turn comes this year, it will be a good test of my trading system.
For the moment, I will concentrate on building my portfolio, thus the right bar will be replaced by the fund price info. Its not proffessionally done, but it should have a better accuracy of my growthLabels: NenixDreams Fund |
| posted by Nenix @ 1:57 PM |
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| Friday, January 19, 2007 |
| advSCT |
| There was a tint of regret in the sales of advSCT. Part of the reason was to release capital for the purchase of BH Global. Maybe I shouldn't have bought BH Global on impulse. At the moment, I am trying to establish a systematic approach for trading. Labels: advSCT |
| posted by Nenix @ 12:45 PM |
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| Thursday, January 18, 2007 |
| BH Global |
Put in small amount of capital into it. Has healthy upward trend. However, only 65% confident in will go up.
Bought at $0.40. Will exit at a stopper price of $0.36 or a distinct reversal trend is observed.Labels: BH Global |
| posted by Nenix @ 8:49 PM |
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| Bought in again |
After tweaking my system, decided to enter CoscoCorp at 2.77 and Synear at 1.77.
In the first place, I shouldn't even be thinking about exit. Lets see how it goes thenLabels: CoscoCorp, Synear |
| posted by Nenix @ 1:46 PM |
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| Trading Systems |
Decided to try on selling on reversal instead of stopper. Since I wont be monitoring it everyday (at least, I try not to), its better to go longer at reversals. Sure, profits will be slashed, as trend reversal realization signals are only realised after the trend has taken place. However, I wont cutting my profits too early.
Stocks like Synear and CoscoCorp are mistakes. Buying on overbought momentum, Selling when there are no reversals taking place. Well, as time passes, my trading system is finally taking shape. Now lets just hope it can withstand the test of time |
| posted by Nenix @ 9:42 AM |
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| Wednesday, January 17, 2007 |
| Cosco Corp |
Sold CoscoCorp as stopper price of 2.7 is hit. Sold at 2.71 though.
22% returns upon sales.
I realise a few mistakes in my trading system.
1) Executing intra-day trades isn't a good idea. Even though it did hit the stopper, at the end of the day it manage to rebound. Maybe trading decision should be decided at the end of the day. But would that be too late?
2) I failed to fully recognise a change in primary trend. A trend reversal is evident if the subsequent peak failed to increase higher than the previous one and its trough behaving likewise as well.
So which should take higher priority? The stopper price? or the trend reversal signals? Maybe I should focus more on the stopper price. Its more to lose money than to earn less.. ha.. I will review it again in due time.Labels: CoscoCorp |
| posted by Nenix @ 7:32 PM |
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| Tuesday, January 16, 2007 |
| Synear Traded |
Short term equity traded at 1.67.
Capital returns of 6.289%
Might consider re-entering when there is an intermediate reverse trend.Labels: Synear |
| posted by Nenix @ 11:03 AM |
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| Monday, January 15, 2007 |
| Purchase of PacAndes |
PacAndes showing upward trends. Might be a bit slow moving. Will be monitored for a week before making any decision.
Bought at $0.815Labels: PacAndes |
| posted by Nenix @ 2:36 PM |
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| Friday, January 12, 2007 |
| OrientCent, Synear, advSCT |
With the sales of CDL Htrust, some of my capital is freed. After analyzing, I decided to go into 3 equities in OrientCent, Synear, and advSCT.
With the exception of OrientCent, each of the other 2 equities showed healthy upward trend. Following the "trend following " mantra, i decided to go in small to test out the trading methods.
OrientCent could be a mistake on my part, as I bought in after a huge jump in price. Usually, such jumps signify a correction after a while, and it is evident that prices have reached a resistance level at $0.92. (Sold it a few days later at breakeven)
Synear and advSCT are slow to move, and I will see how things go in the following weeks before deciding.
An update on CoscoCorp, it has risen from $2.20 to $2.64. If capital allows, I will time another entry, since trend is healthy and it does not show any signs of reversalsLabels: advSCT, OrientCent, Synear |
| posted by Nenix @ 3:26 PM |
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| Sunday, January 07, 2007 |
| 5th January 2007 |
Following the new Trend Following mantra, sold at $1.59. Averaged an about 2.5% as I bought more lots at $1.65.
Following this mantra definitely reduced risks, but profits are cut as well. Should I tweak it, or should I keep to it for the time being?Labels: CDL HTrust |
| posted by Nenix @ 11:57 PM |
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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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