Showing posts with label AWC. Show all posts
Showing posts with label AWC. Show all posts

Saturday, 11 July 2015

2015 Q2 Review

The total transaction in this quarter was very high, probably the highest in my history.

My portfolio reached a pinnacle on 23rd Apr, which have declined since then as KLCI has been dropping continuously. Indulging myself in insatiable greed, I saw many counters that I hold turned from green to red, from earning to losing. AWC and PRIVA are only a fraction of examples. I experience the highs and lows of the rise and fall in my portfolio, feeling completely numb about the change in numbers.

The transaction involving call warrant in this quarter has far exceeded the total call warrant transaction for the past 4.5 years. After all these years, I have finally felt comfortable to trade call warrant. The experience is: taking profit on call warrant is way too important. You can't hang on to call warrant like the way I used to do with a mother share. When you see a reverse trend, it is time to sell regardless of the return.

Going to the end of June, the Greece drama and the possibility of a downgrade in Malaysia credit rating have proven that my own insight into the market was right. This marks a great advance in my investment life: to be able to insist on my own view and not being swayed by the others. Yet I know that I still have a long way to go, for having zero experience in a real bearish market.

The investment return will remain undisclosed since now.

Friday, 8 May 2015

KLSE: INARI-CA, a "successful" trade

Following the recent failed short term trade, maybe I should also write some "successful" transactions.

If AWC made myself stumbling, then INARI-CA could at least offer me some condolences. It was the "secret weapon" that I bet on for the recovery of my capital since Oct 2014. Never happen before that I will buy call warrant "in quantity", after realizing how much opportunity I have lost since then.

At first I was really reluctant to sell -- want to earn more. But the imminent expiry date (the last trading day was 30 Apr 2015) makes me worried and decided to sell a few weeks before expiry. In the end INARI-CA expired at RM 0.090. I cannot imagine the "what if"? Glad that I have overcome my own "mental blockage" to sell a share.

Perhaps SHH can give me another comfort, that I am actually learning to sell a share at good timing. It is trading at about RM 1.20 at the moment. Again, what if?

What if it soars after selling? Let it be. Maybe I buy another share that has better return?
What if it drops after selling? Then no worries.

Monday, 4 May 2015

KLSE: A failed short term trade in AWC

AWC is definitely a failed short term trade. I could have earned a profit of 10% in 2 days, but at the end of the day I ended up losing 10%.

This time, not only my entry price is beautiful, my timing is perfect too.

AWC


I did set a target at the time of buying, i.e. 10% short term trading. This implies a target price of RM 0.490-0.495. The target price is achieved after 2 trading days, I did not sell. A target without strict execution is useless.

Greed has crept in my mind and I "suddenly" decided to increase my target price. While I keep on reminding myself to not make the same mistake, greed has also buried my previous experience.


I do not know what to say, but hoping that I could at least take this lesson seriously.