So much to write today. Today, i suffered a huge loss. Maybe larger than the February correction.
I will start with the CFD components-
Rotary: Bought more at $1.45 cost averaging to $1.44. Sold during the cut loss trigger of $1.36 at about -27.77%
OKP: Sold the short term components at $0.98 and $0.88 with cost average at $0.84. A result of 63.49% profit is reached.
TiongWoon: Sold short term components at $1.12 and $1.05 with cost average at $1.086. A result of 7.596%
Touching on the Cash components-
AsiaEnv: One of the weak stocks I wanted to exit as it is so close to my exit signal. Bought on an average of $0.84 while I sell it at a price of $0.835 resulting a -0.595%
MiddleEastD: Another one of the weak stocks that was near my exit signal. Bought on an average of $0.387 and sold at $0.37 at a -4.39% loss
Soilbuild: This stock hit my cut loss limit at 1.61. Bought at 1.78. Exceeded my cut loss limit. Sold at a -9.55% loss
MapleTreeLog: It once touched my cut loss limit at 1.40. But decided to hold as it is recovering. Breached further and thus cut loss at 1.37 at a -6.8% loss
CreativeMast: Least expected to breach but it happened. Cut loss at 0.23 when I bought at 0.265 at a loss of -13.2%
Overall, my portfolio has reduced from $1.74 to $1.58, resulting in a 9.195% decrease. Like I mentioned, this will be the worst case scenario even though I still have holdings. One of the reasons that it is worse than estimations is because of difficulty in selling some of my shares. I have catered to a 15% risk at max and I am quite sure that it won't exceed this limit.
My remaining shares are base shares and it will be kept for middle-term. So short term cut losses will not apply to these shares. I will only trigger a sell if it crosses my mid-term signal.
For CAO, it still has short-term holdings. This is because, at the point of buying CAO, i did not have a system of allocation. However, it has not hit short term exit points. An exit will take place at around $2.69 for the short term holdings.
Labels: AsiaEnv, CreativeMast, MapleTreeLog, MiddleEastD, OKP, Rotary, Soilbuild, TiongWoon |
