As expected, Ascott hit the trigger. Due to CFD, exposure to risk is higher, that is the reason why loss have to be cut ASAP. Sold at 1.70.
Another red flag is Raffles Eductaion. Not as bad as ascott as it's not a CFD item. However, I should keep an eye tomorrow.
Rotary another CFD, brings up some concern. As my positions are bought in progressively, costs incurred for rolling the contract is getting huge. I am now considering selling and then buying again so that CFD transaction costs will be minimized in the future. This might prove a good time to sell as prices might fall for a while.
Does this move contradict my style? Maybe. but this is for the sake of minimizing transaction costs.
My price fell $0.06 to $1.34 while STI fell to $1.35.
Possible reasons:
1) The CFD rolling charges are being significant
-> Consider "Rebalancing" the CFD accounts to minimize transactions costs.
2) Selection should be more stringent. Letting the cash lie there is better than just hopping on a uptrending stock
-> degree of trending and volume should be taken into consideration
HoBee taking a breather. All should be ok despite the negative short term trends
Olam has finally stopped its move and taking a break. Would most probably show negative short term trends too. I will most probably ignore short term trends. The tricky part is to differentiate secondary and primary downtrend.
CAO has slowed down too..
Golden Agri will follow suit too..Labels: Ascott, ChinaAviationOil, GoldenAgri, HoBee, Olam, RafflesEdu, Rotary |
u have so many trades, it is not surprising u r incurring so much transaction costs. and it seems like u r concerned with being too reliant on trends, but isnt that what a TA guy do, riding on trends?