Post #29: The ghost of PSEi 8000

I was not able to update the blog due to laziness and me trying to learn a new sport. Today, I have some spare time to waste, so here it goes...

Here's what Iv'e done this past few weeks:


1. SOLD $IMI (+92%)

chart by www.bigcharts.com

Finally sold $IMI after 5 months for approximately 92% gain. My dream of getting it beyond 100% didn't happen. I could've sold it for around 130% gain when it peaked around mid of July, but since I gave my stocks more leeway (esp if I have a low base price), it has gone down quiet significantly from its peak before I sold it. I'm fine with that. There is no way I could've predicted the top.


2. SOLD $STI (11%)

chart by www.bigcharts.com

$STI also hit my final stop (usually SMA 50) first week of August , so I sold it for an 11% gain. Not so significant, but at least I'm not in the loss.

3. SOLD $LR (approx -5%)

chart by www.bigcharts.com

This one is a real blunder, I should've sold it when it hit its stop at least at the break even price. The SMA 50 stop was wrong in this situation since I don't have a low base.

4. HOLDING ON $WLCON (+60%)

chart by www.bighcharts.com

$WLCON bounced convincingly when it hit the 50 day, one reason I'm still holding it. I'm currently at approx +60% with it. 

5. BOUGHT $BLOOM

chart by www.bigcharts.com

I should've bought this one earlier when it broke 10 pesos. I like the price action, let's see what happens. 

Post conclusion

It is clear that I could've gotten a much bigger return if I sold my positions at their peak. Although, there is no way for me to pinpoint that peak at that time. My rule is not to sell at the peak, but to give stocks more leeway just in case it want to go up more (see $WLCON). The $LR case is an example of me being too patient, not a good idea if you don't have a low base. The trick is to know when to be patient, and when to be quick in cutting your losses. 

I believe the index is in a make-or-break scenario when it comes to PSEi 8000, couple that with the ghost month (Aug. 22-Sep.19, 2017), and we have a lackluster market. But as always, we'll never know for sure. Always be on the lookout for the next monster stock. 

Cheers..

Alex

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 #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.