Post #40: Sold $PGOLD, bought $TUGS

Update: November 10, 2017 - Sold $TUGS, its volatility doesn't fit my trading style. 

After two months of holding $PGOLD, I decided it is too slow of a stock and sold it for only around 5% gain. I just realized that maybe I waited too long for it to do something. That's my problem, I'm too patient in trading.

After that, half of the funds from the  $PGOLD sale, I decided to move into $TUGS. It seem to be starting a good trend. As always, this being a speculative play, I'll make sure to watch my stop loss level closely.

chart from www.bigcharts.marketwatch.com

I'm also watching $CPM especially if it breaks above P1.70 convincingly.

chart from www.bigcharts.marketwatch.com

I realized that if I want to make it past 100% YTD returns before the year ends, I need to let go of the slow stocks in my portfolio and find a high flyer. Let's keep this simple, cut the losers and the laggers short and let the winners run until they ran out of steam.

Cheers.

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.

Post #32: Waterfront Philippines

Bought $WPI yesterday at P1.31 and I put my stop at below P1.20.

chart by www.bigharts.marketwatch.com

I am putting my stop tighter on this one as I consider this as a very speculative trade. I am trading solely on the price action; a tightening range and drying volume looks good to me.

Let's see how this one will go after a few days. If there's anything that will cause me any concern about this stock, I'll get out as fast as I can.

The index is looking great at above 8300 as of today. Let's see if it will confirm its breakout next week.

Portfolio:
$WLCON
$PRMX
$PGOLD
$WPI
$MEG (my sister's stock)

Cheers.

Post #31: PSEi 8300 and beyond?

The index showed some strength yesterday when it broke its previous high.

It looked like money is moving back to the blues.

Will some second liners take a backseat and let the blues in-charge?

Or will this rising tide float all the boats?

I got a lot of questions in my mind right now, but the only way to find out  is to wait and see.

Portfolio update:

$BLOOM

chart by www.bigcharts.marketwatch.com

I sold my $BLOOM for a minimal profit when it started to show a downward trend right after Razon sold P3.5 billion worth of his shares in an overnight placement. When 11 Pesos broke, that's the last straw for me. Longer term, the added liquidity might prove to be good for the stock. But right now, I'll act based on what I see on the price action.

Current portfolio positions:

1. $WLCON
2. $PRMX
3. $PGOLD

Now, I  have some funds to look for a new stock. I might be able to enter a new position in a few days.

Note: My sister invested to me part of her savings. I bought $MEG for her, she is now up 10% with $MEG at P5.30. I didn't include this stock in my YTD portfolio performance as I consider this as not my part of my personal portfolio.

Post #30: Quick updates

Added two stocks in my portfolio.



Bought $PRMX at P5.40
Date: September 4, 2017

chart by www.bigharts.marketwatch.com

Bought $PGOLD at P48.30
Date: September 4, 2017

chart by www.bigcharts.marketwatch.com

Portfolio: $PRMX, $PGOLD, $WLCON, $BLOOM