Post #42: Sold some, bought some

SOLD

I sold $MAC today at +40% gain.

I also sold my $STI at a very minimal profit (+2%??). This one has been consolidating for some time now, maybe it needs to go back to my watch-list for now.

BOUGHT

I bought some $ROCK today at P2.00. My stop will be placed at just below P1.90.

chart by www.bigcharts.marketwatch.com

Also, bought a very small position on $PXP when it showed a sell-off late in the afternoon. Stop at below P10. Note: This is a speculation play with very small amount invested. 


Current portfolio:

$MEG
$EW
$ROCK
$PXP

Post #41: $PRMX out, bought $EW

Quick updates:

Hit my trailing stop in $PRMX when it went below P7.00 today. I took out a small profit. This will stay in my watchlist for now.

chart by www.bigcharts.marketwatch.com

Moved my funds to $EW as it broke P34 resistance. Expecting it to fill the gap just below P34 but not lower than it, or stop loss will be initiated.

chart by www.bigcharts.marketwatch.com

Current stocks in Portfilio: $EW,$STI,$MAC,$MEG

$STI stop @ P1.60 breakdown
$MAC @ +58%, stop at P22 breakdown
$MEG  @ +15% , stop at around P5.30 breakdown

Good luck to us all!

Alex

Post #38: Portfolio's YTD update

As of October 30, 2017, my Portfolio's YTD return is at 81.60%. The few months of drawdown slowed down my progress, but I'm still confident I can make it past 100% by year-end.

I'll just continue to watch my stops and look for other opportunities. As long as I keep my losses small and ride my winners, my portfolio will be alright. I'm also looking for ways I can further improve my system.

Portfolio update:

screengrab from Philstocks App

Hope everyone enjoys their All Soul's day holiday. This is a good reason to take your mind away from the market and spend quality time with your family. Always remember, time is the most precious and priceless investment one can have; spend it wisely.

The last two months of the year should be good for stocks. Bring it on!

Cheers

Alex

Post #37: Watching $STI

Since I have some extra funds from the profits I took from $WLCON, I am currently looking for a new stock to buy.

There are really some interesting stocks like $IMI and $SMPH for example that are very tempting at their current set ups. 

Another stock that I find interesting is $STI. It looks like it is posing for a breakout. And I like the fact that it doesn't get a lot of attention yet. 

I'm thinking of buying it at it's current price of P1.60 and put my stop at below P1.50. We'll see what happens.

Current portfolio stocks:

$PRMX +19%
$MAC +11%
$MEG +13%
$PGOLD +8%

Post #36: Sold $WLCON

Quick update:

I sold my $WLCON when it broke my trailing stop at +50% gain.

chart by www.bigcharts.marketwatch.com

Now that I have funds for another stock, I'll be on the look up for my next monster stock.

Portfolio:

$PRMX
$PGOLD
$MEG
$MAC

Post #34: SL (Stop Loss) instead of TP (Target Price)

I really don't believe in including a target price on my trading plans. For me it is a very limiting belief. It is like putting a limit on what you can achieve when you can do so much more. As a trader who mostly rely on price action to trade, Iv'e got a few reasons why I don't use a TP (target price), but instead I am more strict on putting a SL(stop loss) in all of my trading plans.

First of all, I believe that no one can predict with certainty where the price of a stock is going. We can only speculate. Therefore, to put a TP on a stock is like predicting that the stock cannot go up much further. In fact, even fundamental analysis can only assign a valuation to a stock but can't predict it with certainty. It is the crowd sentiment that is moving the stock prices, which is highly driven by emotion, which we all know are intangible and can't be measured.

Let your winners run. I like to keep trending stocks running until they ran out of steam. As a position trader, I'm not really looking for quick gains but I'm looking for stock that I can milk. I won't easily sell a 50% gain if I know the possibility of it reaching 100% is probable. I trade not for quick and small gains, I'm after for bigger moves that will significantly affect my portfolio's percentage gain.

To minimize risk using this no TP method, I always put a stop loss (SL) on all my trades. Before I buy a stock, I already have a stop loss. This is even more important to me because my stop loss will determine my position size. (More on this on my later posts). As the price goes up, I move my stop to what I think is the next best support. I trail my stops. I only sell when my stop is hit.

Having no TP but using a SL strictly might not help you sell at the top, but it will always keep you from selling too soon. The trailing stop will help you keep your profits safe. My main goal is to let my winners run, trail my stop as they run up to secure some profits, and sell before the trend reverses. It is simple for me, No TP only SL.

Portfolio update:

Sold my $WPI at P1.22 as I think it is quite lagging and moved my funds to $MAC.

Bought P15.30
Stop: P14

chart by www.bigcharts.marketwatch.com

Current portfolio:

$PGOLD (+8%)
$WLCON (+64%)
$PRMX (+12%)
$MAC (new)
$MEG (+11%)

PS: Let's connect at Twitter.