Post #22: Portfolio update

Quick updates:

Sold my $MCP for a 54% profit. It showed sign of slowing down, I could be wrong though.

Bought some $WLCON at P 5.36/share. Stop at P5.30 below.

Sold $MCP at 54% profit. Photo screenshot from my Philstocks android app.

I currently have $IMI,$WLCON,$MEG and $BEL in my portfolio.

Remarks: Index resistance is at 8000.

PSE Index is seeing resistance at approx 8000. Photo by www.bigcharts.com

Post #21: YTD portfolio performance

I am quite satisfied to report that my current portfolio is up 15.26% YTD. I started monitoring my portfolio performance since January 1, 2017; a good way to assess myself if I am indeed making progress in this business. There are plenty of reasons why you should monitor your portfolio performance too.

By plotting your performance you will know if your system is really working for you. Looking at your performance, you will get a more concrete look at your portfolio's movement. This way you know where you are in relationship to where you want to go or what you want to achieve.

By seeing your YTD performance, you'll have a chance to assess yourself. You will learn what you did right/wrong in a particular time or trade. This way it is easier to make adjustments, simply by looking at your performance chart, you can pinpoint your mistakes as well as the things you did right.

Another important reason why you should monitor your performance is bench-marking. This way you will have an estimate on how well  you are progressing compared to your peers, to the index or to other funds manager. This can motivate you to learn more for you to be able beat the index or the mutual fund managers. If your'e doing well, this could also give you motivation as you are patting yourself on the back.

So I encourage every trader to monitor their YTD performance; make a record of it and make a graph out of it. It can help you physically look at your progress, asses yourself and your system, and motivate you by comparing your result with others.

Portfolio update.

My current positions are in $MCP,$IMI,$BEL and $MEG.

The market is feeling a little bullish and people seem to be more willing to buy it up.

I'll stick to the only thing I should do,let them(stocks) run and just watch my trailing stops.

Note:Edited June 6, 2017 to correct inputs in the YTD chart.

Post #20: You can always go back in...

I believe that it is always safer to be on the sidelines than stick to a  slow or a down-trending stock. You can always go back in when situations changes in your favor.

This is what happened to me in $BEL.

chart by www.bigcharts.com

I bought it back at P4.15/share. That P4.00 breakout looks strong to me so I decided to hop back in to have a position.


I know that  I could've a lower average if I held on to it. It was a mistake, my stop is actually at P3.75 but I though it to be a slower horse so I sold it for a small profit.  I bought $MEG which I thought is having a stronger momentum than $BEL. Only time will tell if I'm right or wrong.

I currently have the following stocks in my portfolio:

$MCP +34%
$BEL +0.58%
$MEG -3%
$IMI +14%

 I will just watch my stops from hereon. Funds will be moved between these 4 stocks according to momentum strength.

Post #19: Some lessons in patience and letting go

I made a recent blunder, I sold my $BEL for a small profit hoping to find a faster stock.

Guess what? $BEL broke out and made a new 52-week high a day after I sold it.

chart by www.bigcharts.com

$BEL broke P4.00 and is looking to stay above it.

Although I felt bad about my latest blunder, I fully understand that no one can perfectly predict what the price is gonna do next. The earlier you realized this, the better.

I didn't kick myself out of that mistake. I know there is no way I could've predicted that breakout happening.

I don't like it when stocks hit a new high then hit it's 2-week low. That's the only reason why I sold $BEL.

I still have cash left and is watching if $BEL is worth another try.

Meanwhile, I bought $MEG at P4.10 average.

chart by www.bigcharts.com

My other two stocks are doing much  better, looks like their upward trend is still intact.

I'm up 31% in $MCP and +11% in $IMI.

In port:

$MEG,$MCP,$IMI

Post #18: $BEL out, and another possible entry...

Sold my position in $BEL today as I don't like that it hasn't broke P4.00 yet as of this time.

Though $BEL will remain in my watch-list as long as P3.75 holds.

$BEL will have its time, but it's not yet now.

I can always comeback in when my signals  tells me to.

Right now, I'm watching a possible position in $MEG. Funds from $BEL will move to $MEG if my signals are confirmed.

For now, I only have $MCP and $IMI on my portfolio.

Post #17: Portfolio update

I am still holding the same stocks with my stops adjusted.

$BEL stop at 3.75 still.

$IMI initial stop is at 7.50

$MCP initial stop at 6.50

Screen capture from Philstocks Xavi Android App

The Philippine Index closed at 7446.49 today, a little above its previous trading range of approximately 7200-7400.

I am staying long on my positions as long as my stops are not hit.

As Iv'e said before, my trading style is boring.  Once the time-consuming research is done, I will initiate an entry, and then will do nothing but just watch my stops and adjust them accordingly.

Post #14: Bought some Melco Crown (late update)

Last March 9, 2017, I bought some shares of Melco Crown ($MCP) at P5.54/share.

Please take note that I sold $MCP last December and kept it in my watchlist.

Belle Corp. ($BEL) hit my stop ay P3.65 few times but I am still keeping it because of the very low volume pullback. I'm gonna give it a little bit of breathing room. ($BEL at P3.66/share as of this date)

The index remains in its 7200-7400 trading range and any massive move to any of the side might create a trend.

My stops are closely being monitored as I just entered these positions and the index has no clear trend direction yet.

I'm long approximately 80% of my entire funds right now.

Post # 10: Updated watchlist

PSEi started to perform better after the New Year. My risk signal is starting to loosen up and I'm ready to take additional positions.

My watchlist includes stocks that are breaking out of their new high and showing strength in volume.

Currently I am eyeing $MCP, $PX and lately added $DNL and $MARC.

I am currently +11.55% on $STI, the only stock on my portfolio right now.

I will be closely watching for more opportunities to enter additional positions.

Post #4: PSEi Double Top?

charts by www.bigcharts.marketwatch.com

I really don't like double top patterns. I believe it means we failed to go higher twice and might find it more difficult to break the resistance the third time. We really need a strong fundamental catalyst to make that happen.

I remain cautious and maintain risking part of my capital to the minimum. Index closed the week at 6975, a few points below my PSEi 7000 support. The index  should go back above 7K or else I'm pulling the plug.

Notes: I still have a few positions  in $MCP but is watching if it holds P4.00.