Post #29: The ghost of PSEi 8000

I was not able to update the blog due to laziness and me trying to learn a new sport. Today, I have some spare time to waste, so here it goes...

Here's what Iv'e done this past few weeks:


1. SOLD $IMI (+92%)

chart by www.bigcharts.com

Finally sold $IMI after 5 months for approximately 92% gain. My dream of getting it beyond 100% didn't happen. I could've sold it for around 130% gain when it peaked around mid of July, but since I gave my stocks more leeway (esp if I have a low base price), it has gone down quiet significantly from its peak before I sold it. I'm fine with that. There is no way I could've predicted the top.


2. SOLD $STI (11%)

chart by www.bigcharts.com

$STI also hit my final stop (usually SMA 50) first week of August , so I sold it for an 11% gain. Not so significant, but at least I'm not in the loss.

3. SOLD $LR (approx -5%)

chart by www.bigcharts.com

This one is a real blunder, I should've sold it when it hit its stop at least at the break even price. The SMA 50 stop was wrong in this situation since I don't have a low base.

4. HOLDING ON $WLCON (+60%)

chart by www.bighcharts.com

$WLCON bounced convincingly when it hit the 50 day, one reason I'm still holding it. I'm currently at approx +60% with it. 

5. BOUGHT $BLOOM

chart by www.bigcharts.com

I should've bought this one earlier when it broke 10 pesos. I like the price action, let's see what happens. 

Post conclusion

It is clear that I could've gotten a much bigger return if I sold my positions at their peak. Although, there is no way for me to pinpoint that peak at that time. My rule is not to sell at the peak, but to give stocks more leeway just in case it want to go up more (see $WLCON). The $LR case is an example of me being too patient, not a good idea if you don't have a low base. The trick is to know when to be patient, and when to be quick in cutting your losses. 

I believe the index is in a make-or-break scenario when it comes to PSEi 8000, couple that with the ghost month (Aug. 22-Sep.19, 2017), and we have a lackluster market. But as always, we'll never know for sure. Always be on the lookout for the next monster stock. 

Cheers..

Alex

Post 28: Hungry ghost

This July - August month has been the worst for my portfolio so far. My total portfolio value is -3.68% this month, down to 68.59% YTD. It's probably the market hesitating to breakout, as well as most traders are being cautious because of the coming ghost month (Aug. 22- Sep. 19, 2017). 

YTD Portfolio 

The PSEi is currently hesitating at its obvious resistance of 8000 level. A clear breakout on this level will be very bullish, but another failed attempt will be disastrous.This is not a good time to predict market directions, I'll let the market tell me where it wants to go. 

My portfolio is currently consist of $IMI, $WLCON, $LR and $STI. 

DEFENSE is the name of the game in this kind of market uncertainty. I'm currently watching closely all my stops.