Post 46: Sample trading plan $TUGS (last update Feb. 23,2018)

Today, I am posting one of my trading plan. I was so focused on my trading and other stuff that I wasn't able to post something new here. So here it is, at least just to keep the blog updated.

This sample trade will also show how simple I do my trading.

I made a simple sketch below on how I'm gonna trade $TUGS.

This plan only includes my entry and cut loss price. For more details on how I sized my position and manage my risk, please read here. 

Please take note that I put a 20% TP only for reference (not actual), as I usually like to trail my stop so my selling price is not fixed. Read here why I don't like using TP (Target prices).

Want to know how I did last year? Read it here. 

I will try to keep this post updated as often as I can.

Notes: IMO, Immediate index support is at PSEi 8800, and anything below PSEi 8500 will cause me to lighten up my positions significantly.


Cheers.

Update: February 2, 2018

After seeing some strenght with the stock yesterday, I added $TUGS to my portfolio with an average price of P5.02/share. The breakout from an ascending triangle set up coupled with some significant increase in volume triggered my BUY signal. The stock reached it's 52-week high of P5.70 today but closed at P5.37 (+2.48%) mainly due to profit taking. I am currently putting my stop at P5.00. Next week, we'll see if the breakout is confirmed and the stock will start a new trend or if it is just one of those false breakout case.

Re: Index (PSEi). I'm glad the index went back above 8800 again. My stop will still be at PSEi 8500.

Update: February 13, 2018

So $TUGS broke its P5.30 resistance and is now at around P5.80. I moved my stop at P5.30 breakout point. I'm a a little uneasy that $TUGS volume is not increasing at this breakout, so I'll be watching this stock in the next few days to see if it will show life. I'm currently at approx +15% gain but I am willing to let the stock do its thing for now. Let's see..

Update: February 19, 2018 

chart by www.bigcharts.marketwatch.com

$TUGS showed some good price action today, reaching its 52-week high of P6.09. The lack of bigger volume is concerning though as it looks like it has no interest from fresh buyer to push the price higher. A breakout of P6.00, with volume spike, is an oppurtunity to add more position or even as an entry point for new buyers. I'll put my stop just below P5.50 as it will mean that the stock broke down of its trading range and might not be ready for a breakout yet. Profit at approx 16%.

Update: February 23, 2018

After almost 3 weeks of holding $TUGS I sold it with a meager profit of approx 8% when it hit my stop at below P5.50. The index is not really doing well below 8500, so I am expecting most of the stocks to correct as well. I believe trades should end either with a big profit, a small profit or a small loss; that's why I am putting a lot of emphasis on my trailing stops. Avoiding big losses is the key to longevity in the market.

$TUGS will remain on my watch list for now.

Cheers.