Post #56: My January 2019 trades review

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.

Post #55: PSEi Golden Cross

The golden cross is a bullish breakout pattern formed from a crossover involving index short-term MA (50) breaking above its long-term MA(200). Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes.

Is the Golden Cross the sign we have been waiting for? Will the index resume its uptrend and break the 8000 resistance convincingly?

No one knows for sure, so it pays to be always ready no matter what the next few weeks will bring; I have my trading plans in place, whichever direction the market will take. I'm so ready I can't wait!

Good luck to us all my fellow traders.

Post #53: Trading simulation ($AEV)

chart by www.marketwatch.com

Update: January 21, 2019
Price: P66.60
Stop: P64
Approx +15%

Latest: January 15, 2019
Price: Php 64.80
Stop: Php 60

Latest: January 13, 2019
Price: Php 60.00
Stop: Php 58.00

Update: January 8, 2019, 10:00 PM
Price: Php 57.20 (no change)
Stop: Php 55


Disclaimer: This is only a stock simulation trade. Follow at your own risk. Proper risk management measures should be observed in every trade.

Post #52: My 2018 results

I had a very disappointing 2018, my entire portfolio suffered a -19% loss. My stock picking only had 33% success rate, picking only 9 winners out of the 27 trades I took last year. Though I managed to keep my risk percentage within my limit, my poor stock picking numbers really hurt my portfolio's entire performance. 

I forced some of my trades in a downhill market; and the market taught me a hard lesson. My strategy will not work on a down-trending market, I actually knew that, but still I tried to enter positions I thought are feasible. I knew I should listen to the market, but I still took some risk and I paid for it with my money. A different kind of market needs a different kind of approach, that's my main takeaway from this lesson. I cannot be a momentum trader in a market for swing traders. 

This year, 2019, the PSE index started the year ranging between 7400 and 7600; a breakout of the range might show the direction of the market. I like the fact that we seem to be independent of what's going on with the world markets right now. Our market seems to be shaping it's own direction. It is exciting to see where this is heading.

Losing gives us opportunities to learn and evaluate our selves. I will consider my 2018 draw-down as just another lesson learned. Trading for me is a long game, and a year of negative return will not deter me but will instead fire me up to learn more. We all still have our best years ahead of us. Keep grinding , keep learning. 

Post #51: PSEi update

PSEI 5 year weekly chart by www.Bigcharts.Marketwatch.com

The Philippine stock exchange index (PSEi) seems to be displaying a corrective wave in its downtrend. I will still remain cautious and will not enter in any position. Although some bounce plays are possible in this scenario, it is something that I don't intend to take anymore. I am in the opinion that the downtrend is still intact and the possibility of downward continuation is highly possible.

I'm still sticking to my plan of not trading a generally bearish market. I am willing to wait for the market to tell me when it's time to go back again. There is no rush to make money in my part; I consider trading as a long game and I'm planning to stick around as long as I can. I believe the key to longevity and winning in this game is risk management.

I will be just watching the market until my signal tells me it's time to take some position. I might even end the year without entering any position. I'm sticking to my guns.

Post #50: PSEi worst days far from over

The Philippine index seem to be bouncing inside the range of 7000-8000 right after it went below 8000 last April 2018. In my opinion, any breach on either side will dictate the direction of the entire market for the next months to come. 

PSEi as of October 3, 2018

I am still not trading this market. Although Iv'e seen some very tempting set ups and possible short plays on some individual stocks, I am not breaking my trading rules. I will be at the sidelines as long as I don't see any reason to go back in. It might take a few more months,  or even years for the market to recover, and I'm willing to wait. There are other things to do in life outside of trading. Trading is a long game.There are also other ways to build wealth. Diversify.

This year's market condition give me another perspective on the idea of trading as a full-time job. Sure it would be fun in a trending up market, but markets like the one we have right now will be a sure snoozefest. The change in perspective surely has affected my long term plans as well. It's funny how we feel so sure of what we want until something change our views entirely. It reminds me to be always flexible with my plans and goals, because nothing stays the same and you should always be re-evaluating your next move. 

Post #49: My trading system flowchart

Lately, I am making an effort to make my trading as systematic as possible.  My goal is to set definite trading rules that will eliminate any second-guessing and emotions in my executions. Below is an overview of what I am currently doing.  I decided to show it in a flowchart form.

The very first step is to asses the general market's trend. This is where I will decide whether the market situation is favorable or not. It is also where I decide if how much of my capital will be put into position and how much will stay liquid. For example, in a down-trending market I might want to be only 25% in position and stay 75% in liquid cash.

Stock selection is where I decide what criteria will be factored in before a stock enter my watch-list. I am using both technical and fundamental factors. For example, I like stocks that are showing tight volatility ranges with increasing volumes. Fundamental factors includes P/E ratios, float % and many others.

Specific entry criteria is where I intend to enter a position. One example is a good upside breakout of a tight ranging stock with above average volume. I am looking for various set ups and I'm using a specific entry point strategy to avoid confusion in my execution.

Risk management is where I set up entry stops, position sizing, trailing stops and my risk tolerance. This is where I also scale my position up to avoid getting hurt in whipsaws. I believe this is one of the most important process that traders should focus.

Selling is where I set specific rules on when to sell my positions. Example of this is when the price hit my trailing stop or when the price is showing some topping signs.

Last, but also the most important part of my system, is the feedback and trading review part.This is where I review my trades to see if there's any part of the system that needs to be revised for improvement. No system is perfect, that's why constant feedback is important.

That's how simple my system will be. Although revision is expected, I will try to always keep it as simple as i intended it to be. There is no need for an over-complicated system, but at the same time you also need specific rules and system if you want to be successful in this endeavor. Otherwise, your trading will be driven by your emotions and it will become just some random buy and sell transactions without any clear justification.

Post #47: End of May 2018 numbers

This is a bitter pill to swallow, but I have to accept that this kind of market is not really my forte. I'm down -10% YTD and in my opinion is experiencing a really bad drawdown. I'm focusing all my efforts now on risk management and keeping may capital safe.

With PSEi ranging between 7600 - 7800, I'm still very wary of putting a big chunk of my portfolio in positions. My risk management involves smaller sizing, smaller risk tolerance and tighter stops. I am hoping to see a clearer market trend when the index gets out of this 7600-7800 range, hopefully with an upward bias. Otherwise, for me it is either play tight defense or get out of the marekt entirely.

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.

Post 45: Lessons from my top 5 trades last year (2017)

They say that we can learn a lot of lessons reviewing our loses and mistakes, while it is accurate, I also believe that we can learn a lot from reviewing our winning trades.

Below are my top 5 winning trades last year. While I am happy with my profits, my numbers showed I only have approx 21% average profit last year. (See previous post) Quite low if you ask me.

Reviewing my trades helped me identify problems in my process. Because of it I can implement some improvements that will hopefully improve my results this year.

1. $ROCK

chart by www.bigcharts.marketwatch.com

I noticed an increased in volume and a slight uptrend mid-November that triggered my buy signal. Sold it when it broke the trendline Dec. 15, 2017. I timely avoided a turn of trend in this trade.


2. $MAC

chart by www.bigcharts.marketwatch.com

Bought it September when I saw a tightening price volatility with an increase in volume. Sold it Around November 22 with a 41% profit when it broke my trailing stop.

This stock perfectly stayed above 50 SMA, which is usually my last line of support in a trade. I could've hold it and be alright by now. It looks ready to take another breakout this year, I'll be closely watching.

Also, I could've seen this stock earlier if I am diligently doing my research. I could've bought it around June or July of 2017. This reminds me to do my research and screening diligently so that I wont miss many buying opportunities in the future.

3. $WLCON

chart by www.bigcharts.marketwatch.com

Bought this twice in May with an average of P5.42/share. Held on to it until I am convinced that it broke the 50sma on October 11, 2017.

Starting now, I will respect the 50sma as my last line of support. I guess I was hoping for the price to go up once more and give me the opportunity to sell at a higher price. Hope is not a strategy. Follow the plan.

4. MRP

chart by www.bigcharts.marketwatch.com

Here is another one that I bought a little late. January 2017 is where the ideal entry should be. I guess I'm not religiously doing my screening by that time again. (reoccurring mistake).

Another mistake I made is when I sold this at P8.68, a safe distance from any of my trail stops. I could not explain this one, I don't know why I sold this at this price. I could've squeezed a little bit more from this trade if only I have just defined my selling strategy.

It is very evident by now that I need to work on my selling strategy. Something I am planning to improve this year.

5. $IMI

By now I have to admit that I have a very faulty selling strategy. This one is a good run from my entry price of P6.91 to my selling price of P13.30 in August.

Why do I feel like I sold too late this time? I know I did.

The stock broke 50SMA and I sold it. I followed my plan but I still lost a big chunk of the profit and I felt bad about it.

Conclusion

It is very clear by now that I should be working on my selling strategy. I don't have the perfect system yet and this trades proved it. I am currently working on a selling strategy to at least improve my profit's average percentage.

I will also be allocating more time in screening potential winners for me to catch them in their earlier stages. Nothing beats a lower average price.

My batting average of 52% (13 out of 25 trades) is good enough, but I need to catch these winner earlier and learn how to sell them. A concrete plan with a win-win result is on the drawing board.

By reviewing my trades,  I know where my mistakes are. Knowing my mistakes will help me create a specific plan to address each of them.

My next post will be about my top 5 losers.

Post #43: YTD update

I had a very disappointing month, my YTD is experiencing another draw down.

I'm back at 74% YTD with only a month to go before the year ends.

Is my 100+% goal return possible before year-end? I guess we only have to wait and see.

I am currently 75% cash as the index went below 8200.

Sold my $EW , $PXP and $MEG, stops hit.

Only holding $ROCK with a 7% gain.

Things like these happens, I need to be more sharp and focus. I made a lot of mistakes and I'm taking notes of them to avoid the same mistakes again in the future.

Good luck to us all. May all our goals be reached before this year ends.

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 #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 #33: Be obsessed or be Average

Me and my copy of The Trading code by Jason Cam (2015)

Took the title from a book by Grant Cardone. This book suggests that if you want to be successful in anything, be so obsessed about it, or end up being just an average Joe. You just have to work 10 times more and be 10 times more hungrier than the average guy. I am writing this post as a reminder to myself to restore my focus and determination in getting those winning trades. These past few weeks I got sidetracked and distracted by something else not stock trading related. And guess what happened to my results? Even my virtual portfolio in Investacup suffered a big draw-down. This post is a reminder for myself and hopefully for many others too, that we should focus more on what we love the most, or pay the price for being an average. I'm gonna share here why I think being obsessed is good for us and why we should strive to reach our goals in trading no matter what.

Being obsessed will give us a laser-like focus on our goals. We will be so determined to focus only on what is important to us; our goals and dreams. Any other activities not related to the goal will only distract us, therefore it is wise to either minimize our time spent on them or eliminate them from our life entirely. We all should be focusing our time and energy trying to reach our goals, instead of wasting it on things that really doesn't help us get nearer to that dream.

Loving what we do will make as passionate. And to live passionately is a great way to live. If you already found what you love to do, do it passionately and great things will happen. Being passionate will fuel us with energy of enthusiasm, and people will notice that energy. In result, people with the same goals as us will be drawn to us and other people will be curious too.

Being obsessed will give us a more positive mindset. We won't be giving up on our dreams and goal that fast. We will be so determined that it is almost impossible to discourage us. We will consider failures as temporary, and we know we can get back on our feet ASAP. Being obsessed with a goal gives us no other options but to work on our dreams until we achieved it.

The word obsessed really gets a bad rap from most people, for them it means closer to being crazy. But we can look at it with a more positive light. Being obsessed means you are focused on you goal. Being obsessed means you know your priorities. Being obsessed means you should spend more time working for your goals. Being obsessed means you will not stop until you reach your goals. For traders being obsessed means getting rid of all the distractions, freeing up your time, and work on improving your trading system. It could also means getting our lazy ass up and do that research work, no excuses. So put in the work guys, don't be just like the other average traders out there. I invite you to be obsessed like me.

P.S: I just created a twitter account, let's connect there. Thanks

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 28: Hungry ghost

This July - August month has been the worst for my portfolio so far. My total portfolio value is -3.68% this month, down to 68.59% YTD. It's probably the market hesitating to breakout, as well as most traders are being cautious because of the coming ghost month (Aug. 22- Sep. 19, 2017). 

YTD Portfolio 

The PSEi is currently hesitating at its obvious resistance of 8000 level. A clear breakout on this level will be very bullish, but another failed attempt will be disastrous.This is not a good time to predict market directions, I'll let the market tell me where it wants to go. 

My portfolio is currently consist of $IMI, $WLCON, $LR and $STI. 

DEFENSE is the name of the game in this kind of market uncertainty. I'm currently watching closely all my stops.

Post #25: My love story with $BEL and $STI...

Me with the love of my life

We all have love stories to tell. Some of our stories have happy endings, but others don't end the way we hoped them to be. Some gave us unforgettable heartaches but some also gave us good memories. What is important with all of these experiences are the lessons we learned from them. Trading is similar to dating, some stocks will break your heart, but some will make you happy. Some of the decisions you made you will surely regret, but the lessons will stick to you and make you a better trader.

This story is about what happened to me in $BEL and $STI. One seduced me twice but broke my heart in the end, the other made me happy once and is giving me another chance to be with her again.

I believe that a picture or a chart is still worth a thousand words.

Let me show you.

After two attempt to woe her, I finally decided to let $BEL go. It's clear to me, we are not meant to be, at least for now. Maybe someday..

chart by www.bigcharts.com

On the other hand, another stock is giving me a second chance at her. They said love is sweeter the second time around and hopefully $STI will prove it to me once again. I enjoy a good challenge and looks like she is up for a game.

chart by www.bigcharts.com

What lessons did I learn? I learned that you will make mistakes no matter how careful you are. And I also learned that it is okay to make mistakes, for mistakes will teach us valuable lessons. Finally, I also learned that mistakes should not discourage us in making new trades, take the challenge and try again and again until you find your happy ending. Never give up on love.

Port update:

$IMI +77%, $WLCON +28%, $STI +7%,$MEG +8%

Post #24: Bullish or Bearish?

Where do you think the market is heading?  View from Victoria Peak, Hong Kong, photo by yours truly.

People always ask me if either I'm Bullish or Bearish with the market. It's like people want to know my opinion of the market and then see if it validates their views. If you really want to know the answer to that, just turn on the TV; we'll never ran out of expert opinions on the matter.  But then again, market predictions will be different from one expert to another.

The market will go where it want to go. It doesn't care about my opinion or yours. I trade what I see, not what I thought the market is going to do. I don't listen to any analyst on TV, all of them are as clueless as me as to where the market will be next week or any time in the future. If you trade with this kind of mindset, you'll approach the market without any opinion. And without any biases, you'll see beyond the smokescreen of your opinions. You will see clearly what the market is telling you.

So, where do I think the PSEi is going to go? I don't know. No one does. If some analyst tell you that the index will end this year at 8500 level, he is either using a crystal ball or is making it all up. Some analysts from a Philippine brokerage already figured it out and posted it on Twitter yesterday, but I'm still scratching my head here.

I don't have an opinion on the market, I am neither bullish nor bearish. It is because I honestly don't know where it is going.

Portfolio update:

Sold my $BEL at -4.94% loss today. I want to move my funds to a much faster stock. I am watching $STI again.

Current positions:

$MEG +10.45%
$WLCON +18.84%
$IMI +86.09%

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