Post #56: My January 2019 trades review

Starting this year I'll make it a habit to review all my trades every end of the month; doing this will help me see my mistakes, correct them and fine tune my system.

I will post some of my trades here.

ABACORE CAPITAL HOLDINGS, INC. ($ABA)

Bought: P0.63
Stop: P0.59
Sold: P.071
Return: Approx +13%

Comment:

I tend to be just swing trading for now as the index is still ranging around 8000. Sold this one on the first sign of strength.



ABOITIZ EQUITY VENTURES, INC. ($AEV)

Bought: P58.95
Stop: P55
Sold: Half @ P65
Return: Approx +10%
Status: Holding half with stop at P62.50

Comment:

I sold half of this stock after it showed a very long red candle in one day, that move actually hit my stop but I wasn't able to sell it immediately because of my FT work. I decided to wait a few days to see the reaction after that sudden sell off. Also, I decided to sell only half of the position as I see the stock moving in sync with its 20 day moving average. I'll give it a few more days to see.


GREENERGY HOLDINGS, INC. ($GREEN)

Bought: P2.00, P2.21 (Average P2.10)
Stop: 20 MA
Sold: (half) P3.20
Status: Holding half

Comment:

I wasn't expecting this stock to gap up and reach its ceiling price in just a day, I just knew that the narrowing price range is a good sign. I'm surprised to read the news early morning of Jan. 31 that the company is having an MOA with TheBizLink; the market presumable took it as a very good news, reason enough for it to gap up in the open and reached ceiling price at one moment. Looking at the intraday chart, I decided to sell half of it when the price broke P3.20. Though, I will keep the other half to see the strength of the rebound.


VITARICH CORPORATION ($VITA)

Bought: P2.03
Stop loss upon entry: P1.90
Sold: P1.98
Return: (-2%)

Comment:

The price reached P2.20 (1/15/2019), which could've given me an approximately +9% of return, but I was thinking it was too early to sell and only moved my stop to P2.00. It seemed to be a strong support until it convincingly broke last 1/28/2019, reason enough for me to sell all of my positions with a -2% loss.


TRAVELLERS INTL. HOTEL GROUP, INC. ($RWM)
Bought: P5.38
Sold half: P5.75 (6%)
Sold half: P5.52 (2.5%)

Comment:

This stock seem to be a sleeper stock for a long time, until one day it suddenly just rises from the ashes without any warning. The next day though, it went below my trailing stop and I wasn't able to sell (OFW) so I decided to wait a few days to see the price action before selling. This stock confuses me somehow, so I decided to let go of it for now. I also sold my $RWM in my sister's account, which I bought last year.

PHILEX MINING CORPORATION ($PX)

Bought: P4.26
Stop: P4.00
Sold: P3.91
Return: (-8.30%)

Comment:

I bought this stock when it's about to breakout the P4.30 level and I put my stop at P4.00. Sold it ASAP when it broke P4.00.

Note: The price of $PX has recovered well after that and I already bought some positions again.


OTHER STOCKS

Some other stocks I traded but not shown here are $CHP, $NRCP, $BLOOM.