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.
This blog will serve as a medium to document my progress in stock trading. This blog will reflect my personal opinions and will not suffice as a source of stock recommendations. As an OFW my goal is to create an effective and consistent trading system that doesn't require me to monitor the market all the time.
Showing posts with label $CHP. Show all posts
Showing posts with label $CHP. Show all posts
Feb 2, 2019
Jan 8, 2019
Post #54: Short Play $CHP
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chart by marketwatch.com |
Price: Php 1.98
Conclusion: Cut loss hit (SOLD)
Latest: January 13, 2019 (10:40 PM)
Price: Php 2.03
Stop: Php 2.00
Update: January 8, 2019 (11:00PM)
Price: Php 2.14 (+7%)
Stop: Php 2.00
Disclaimer: This is only a stock simulation trade. Follow at your own risk. Proper risk management measures should be observed in every trade.
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