Aug 1, 2017

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.

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