I really don't know what gotten into me, but I closed my positions for advSCT, AsiaEnv, PacAndes.
AdvSCT was cost averaged at $0.9725 and sold at $1.02. Because you only need to pay 1/5 of the total cost, my percentage gain based on that position is approximately 24.42%.
AsiaEnv was cost averaged at $0.67875 and it was sold at $0.765. Percentage gain based on that position is approximately 12.707%.
PacAndes was bought at $0.73 and it was sold at $0.835. Percentage gain based on that position is approximately 14.383%
Bought MMP Reit at $1.20 today. My rationale at the time was to make sure that I can capitalise on the capital returns in a month's time or park it aside while waiting for oppurtunities to come. I knew that MMP Reit is a stable stock that doesn't move much so downside risk is quite limited. But the same goes for its upside potential. Furthermore, parking it like that does incur needless charges. I see this move as a big mistake, firstly, because I bought on impulse thinking that it is a bargain, and secondly, while it is a bargain, the transaction costs would have eroded all returns. I will give myself 1 month before I close this postion.
On the whole, while I profited from today's trade, I understand that I did not follow the rules I set. Partly because fear set in as CFD is a double-edged sword. Afterall, I'm still very interested in these counters and I will most probably be coming back for 1 of them when the prices are correcting, which they most probably are now.Labels: advSCT, AsiaEnv, MMPReit, PacAndes |
