if passion=current job, you=extremely lucky.
else current job = try to love your job for monthly check
1 day ago
Tuesday, 19 July 2011
Sunday, 10 July 2011
Book summary - Alexandra Elder - Sell and sell short
As usually, I like to record what I had read in blog just in case I forget it in future.(only read front portion of books so far.)
His money management rule is so strict. No wonder he can preseve the captial in his portfolio so well. However, I don't think I will follow the above two rules strictly unless I am doing active trading daily.
Instead, I am currently trying to restructure my portfolio with the aim of controlling the amount of money which I put into each type of stocks. I only understand the important of this idea recently. I aim to have around 10-15% per type with no more than 60% invested in current market condition.
Mr Market, please give me a chance to succeed in rearranging!
- Limit your loss on any trade to 2% of equity in your trading account.
- Whenever the value your account dips 6% below its closing value at
the end of last month, stop trading for the rest of this month.
His money management rule is so strict. No wonder he can preseve the captial in his portfolio so well. However, I don't think I will follow the above two rules strictly unless I am doing active trading daily.
Instead, I am currently trying to restructure my portfolio with the aim of controlling the amount of money which I put into each type of stocks. I only understand the important of this idea recently. I aim to have around 10-15% per type with no more than 60% invested in current market condition.
Mr Market, please give me a chance to succeed in rearranging!
Example - Daily Bearish Divergence
Previously I had shown few examples on Bullish Divergence, I guess it is the time to record something on the other other extreme - bearish divergence.
Although I been discussing about TA recently, overall I am still a more FA person. Fundamentally strong companies should be first consideration before TA. (of course, money management, psychology and current market sentiments are much more important.) However, its good to learn from both school of thoughts.
I listed 5 vertical lines in this chart.
a-b-c-d-e
a-b-c:
Price goes higher high but MCAD histogram goes lower high with b crossing below the center line. This indicate bearish divergence.
A few days after c where the red MCAD histogram bar start to appearing is a good sell.
d:
price decrease and MCAD histogram went below center line
e:
price went up again to previous high but mcad still cannot make it and did not even cross the centre line above.
If miss the selling few days before at c, this is the second best time to sell.
Although I been discussing about TA recently, overall I am still a more FA person. Fundamentally strong companies should be first consideration before TA. (of course, money management, psychology and current market sentiments are much more important.) However, its good to learn from both school of thoughts.
I listed 5 vertical lines in this chart.
a-b-c-d-e
a-b-c:
Price goes higher high but MCAD histogram goes lower high with b crossing below the center line. This indicate bearish divergence.
A few days after c where the red MCAD histogram bar start to appearing is a good sell.
d:
price decrease and MCAD histogram went below center line
e:
price went up again to previous high but mcad still cannot make it and did not even cross the centre line above.
If miss the selling few days before at c, this is the second best time to sell.
Friday, 8 July 2011
Sold FR at 0.805 at 8.59am after queuing overnight for many weeks
Sold because of two main reasons.
(1) Recently violate money management rules which I recently set for myself. So i need put money in pocket and restructure entire portfolio
(2) FR NAV should be 0.78. Don't wish to hold reit above NAV although there are still reits holding well above NAV.
Next targets to sell:
CMA
1/2 HW
Cache
Normally I sell too early, so far after I sold, the shares usually went up. haha, maybe this round same again? But it is okay because I want money in pocket.
(1) Recently violate money management rules which I recently set for myself. So i need put money in pocket and restructure entire portfolio
(2) FR NAV should be 0.78. Don't wish to hold reit above NAV although there are still reits holding well above NAV.
Next targets to sell:
CMA
1/2 HW
Cache
Normally I sell too early, so far after I sold, the shares usually went up. haha, maybe this round same again? But it is okay because I want money in pocket.
Saturday, 2 July 2011
July 2011 Portfolio update
July 2011
Portfolio 1 (self)
Status: Unhealthy, need to reduce stock percentage
Stock 97.4%
*Investible Cash exclude emergency fund + daily fund
Portfolio 2 (Joint)
Status: Waiting for good opportunity
Stock 19.8%
Portfolio 1 (self)
Status: Unhealthy, need to reduce stock percentage
Stock 97.4%
- Sabana
- Healthway (selling half mode)
- First reit
- LippoMaple
- Capitalmall Asia (hold and pray mode)
*Investible Cash exclude emergency fund + daily fund
Portfolio 2 (Joint)
Status: Waiting for good opportunity
Stock 19.8%
- Cache (selling mode)
