As mentioned from before,
RafflesEdu has hit my trigger point, As reluctant as I am, I closed positions at $2.25 at a -3% returns.
Golden Agri has shown signs of reversal too. Triggering my Capital Preservation Level (CPL), position is closed at $2.55 at a +46.55% returns.
Have loaded on NobleGroup@1.67, AsiaEnv@$0.81. Both shows good trends and especially for NobleGrp
Below will be a list of my holdings and their exit/cut loss triggers
CAO: CPL at $1.46
NobleGrp: Cut loss at $1.56
AsiaEnv: Cut loss at $0.74
Rotary: CPL at $0.99
Ho Bee: CPL at $2.30
Bio Treat: Cut loss at $0.78
To Do List:
- For tomorrow, the stock to note is CAO as its closing price is near to its CPL.
- I might load more Ho Bee as RSI is going towards high market strength.
- Reducing position size on Rotary?
Reflections:
Golden Agri was a good ride, but because of Olam's case, I have implemented this new gimmick called CPL. Afterwhich, I realise that Golden Agri's trigger point was at $2.65. So today's position close was a clear cut decision.
However, one thing to note is that exiting the position does not mean that I will not come back, it basically means I am just out of it at the moment.
The difference between greed(negative characteristics), riding profits(trading strategy), capital preservations (positive characteristics) is so small that sometimes, you think you are riding profits, but in actual fact, I'm just greedy. Sometimes, I close positions to preserve capital and it might be seen as deviating from the strategy of riding the profits.
Abstract stuff I feel, but its necessary to address them.Labels: AsiaEnv, Bio Treat, GoldenAgri, NobleGroup, RafflesEdu |
