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| Wednesday, February 28, 2007 |
| Aftermath |
Afterthought....
1. How much to hold?
Portfolio management sucks.
- Jurtech though rated a 7 by myself, decided to go in huge proportions.
- Entry into pacAndes is not smart enough. Also rated a 7, entry proportion is all wrong.
2. When to take action?
Entry and exit points sucks.
- Did not follow my rules.
- Did not cater to huge daily changes.
3. What to buy?
Did average.
- Weightage of buying conditions needs refinement.
- Horizon of purchase needs refinement.
- Need specific rules for different conditions.
Basically, I feel that I'm still raw in trading. Hesitation when cutting losses, overconfidence in average stocks got the better of me.
At least, my loss isn't that bad. Money can always be earned. Save my capital for another day! |
posted by Nenix @ 12:35 PM   |
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| Big Sale Pt2 |
Many of my equities have met the stopper.
Sold KepT&T @1.98 --> +15.7% returns in 15days
Sold PacAndes @0.89 --> -10.55% returns in 7days
Sold EDMI @0.31 --> -4.61% returns in 30days
Labels: EDMI, KepTandT, PacAndes |
| posted by Nenix @ 12:23 PM |
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| Tuesday, February 27, 2007 |
| Big sale |
Jurtech sold @1.12. Hesitated @1.15. now paid the price. A huge loss of -11%
Chartered MLeCW070628 sold @0.195. Stopped trigger. A profit of 8.3%
Swissco sold @0.65. Stopped trigger. A loss of -8.45%
Rotary sold @0.985. Considered a panic sales. Did not hit trigger. A profit of 7.9%
Labels: JurTech, Options, Rotary, Swissco |
| posted by Nenix @ 9:44 PM |
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| Monday, February 26, 2007 |
| Swissco |
Bought Swissco @ 0.71.
A 7-star rated equity.Labels: Swissco |
| posted by Nenix @ 9:34 PM |
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| Wednesday, February 21, 2007 |
| 21st Feb Trades |
Sold MMI @ $1.46. Growth might be slowing.
MMI returns of +9.77% in 21 days.
(STI gained 3.6% during this period, MMI gained 9.77% --> +6.17%)
With more capital in hand, I decided to purchase PacAndes again.
There is rationale behind this move as momentum seems to be building up
Bought PacAndes @ $0.995Labels: MMI, PacAndes |
| posted by Nenix @ 5:48 PM |
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| Tuesday, February 20, 2007 |
| JurTech Purchase |
Bought JurTech @ 1.26.
Slightly overpriced though.
Rated at 6, it is worse off than KepT&T.Labels: JurTech |
| posted by Nenix @ 9:19 PM |
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| Friday, February 16, 2007 |
| Bought KepT&T |
Bought after some brief analysis that day. A 9 star rating.
Judging by the looks of it. This will be an at-least-15day type of stock.
Bought KepT&T @ $0.71Labels: KepTandT |
| posted by Nenix @ 12:55 AM |
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| Thursday, February 15, 2007 |
| 15th Feb clearout *edited |
Some of the momentum seems to have lost steam. To me, absolute returns are more important than paper gains. Well, I might have lesser returns than others but at least I have reasonable returns
Sold Pac Andes at $0.975. Though it has healthy trends, however, since I bought it at the middle of the trend growth, risk of getting negative returns is higher if I followed my system. Furthermore, the momentum seems to have lost steam and people are starting to sell.
(Crap, immediately after I sold, it surged to $1. haha. what the hell right)
PacAndes returns of +19% in 31 days.
(STI gained 5% during this period, PacAndes gained 10% --> +5%)
Sold BH Gloabl at $0.41. Despite good dividends coming, people are selling, momentum is gone. Like PacAndes, the fact that I bought quite late in a trend creates a risk of negative returns.
BH Global returns of +2.5% in 28 days.
(STI gained 4% during this period, BH Global gained 4% --> +0%)
Sold Synear at $2.02. No dividends but the reason is the same as the other 2.
Synear returns of +14.12% in 28 days.
(STI gained 4% during this period, Synear gained 16% --> +12%)
Sold MediaRing at $0.405. Stopped loss even though its too late. Another case whereby I hope things will go out all right. Well, it shouldn't be used as an excuse. So I have to buck up.
MediaRing returns of -12.09% in 17 days. (shouldn't have followed my heart. Mechanically, I should have sold at 0.425. Though still a loss, but at least its cut shorter.. )
(STI gained +1.5% during this period, MediaRing gained -11% --> -12.5%)Labels: BH Global, MediaRing, PacAndes, Synear |
| posted by Nenix @ 11:25 AM |
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| Tuesday, February 13, 2007 |
| Long term outlook |
I have decided to go for longer term analysis. However, I'm still unsure of how to sieve out the exceptional stocks. I'm quite confident that my picks will grow and I will profit. but its the magnitude of growth that I want. Guess I will have to put in more nights of analyzing..
And when to sell is another issue.... sigh.. thats so tough.
"What to buy"
"When to sell" |
| posted by Nenix @ 11:17 PM |
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| Friday, February 09, 2007 |
| When to sell? |
| ITs the thing thats driving me nuts. I could tell what to buy. But what to sell? Maybe I'm just impatient and just whining about.. haha |
| posted by Nenix @ 9:12 PM |
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| Straits Asia Sold |
Got rid of another small share.
Sold at $0.73 @ -10.51%
There are people who once mentioned that we should not put all the eggs in one basket...
But no one ever mentioned that we shouldnt hold so many baskets, so much that the cost of baskets outweighs the eggs...
Now I'm consolidating my finances after making the mistaking of overdifersification. Price to pay is high...
Labels: StraitsAsia |
| posted by Nenix @ 3:15 PM |
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| Wednesday, February 07, 2007 |
| Sold the pennies |
In my previous posts, I mentioned that I was holding too much pennies and they are incurring huge transaction costs.
Sold Hosen at $0.37 @ 12.12% profit
Sold Devotion at $0.17 @ -10.5% loss
Few more pennies to go..
Labels: Devotion, Hosen |
| posted by Nenix @ 4:30 PM |
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| Diversification costs me |
Goodness me.. The amount of commission charges has incurred to more than $600. This is a very very very very significant portion of my investment pool..
Diversification really killed me this time..
I think in the future, the commission charges incurred will not take up more than 3% of my portfolio. Tentatively, it should be this way till I further fine tune it. |
| posted by Nenix @ 10:44 AM |
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| Tuesday, February 06, 2007 |
| Rotary |
Bought rotary at $0.895
Slowly getting rid of the pennies, to look for longer term equities. Hope this is my only trade of the month (which I doubt so)Labels: Rotary |
| posted by Nenix @ 7:37 PM |
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| Monday, February 05, 2007 |
| CharterdMLeCW070628 |
My first options trade.
Bought at $0.18Labels: Options |
| posted by Nenix @ 12:15 PM |
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| Sold CourtsSp |
Sold at $0.685.
Hit stopper. loss of -4.19%
No distinct trend of trade.Labels: CourtsSp |
| posted by Nenix @ 12:12 PM |
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| Friday, February 02, 2007 |
| Too panicky, too rushed |
On the day I sold CoscoCorp and CDL HTrust, I made two mistakes.
While Cosco was a fundamentally wrong decision, CDL HTrust was a rushed decisioin along with it. I gave it a 7 rating before I sold it. I should not sell it on the day itself, but I choose to sell it based on "feelings".
Lesson to learn.. Stick to your rules and dont waver away from itLabels: CDL HTrust |
| posted by Nenix @ 12:26 PM |
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| Thursday, February 01, 2007 |
| MMI |
Bought some at $1.33
an 8 star rating.. :)Labels: MMI |
| posted by Nenix @ 9:57 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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