Showing posts with label GHLSYS. Show all posts
Showing posts with label GHLSYS. Show all posts

Saturday, 25 October 2014

Global market adjustment, what am I doing? (2)

In one week time, things can change dramatically. The things that I hold so tight to previously, all gone in a few days. It was so near to me, yet it is now far away from me.

Ironically, I told myself that my target price is RM 2.70 for INARI before. When it reached that price, I didn't sell.

Ironically, I sold some shares at RM 3.18 before, which at that time it went to a high of ~RM 3.30+, which I thought that I've sold it at a low price. Seriously? What happen to me, that I still crave to sell at the highest point? The tighter you cling to something, the faster it is going away from you.

It has been so ironic to me, that my final selling price is not even my target price previously. Even worse, this is not the first time I experience this (see here).

I also panic sell GHLSYS at the same day. It now seems so stupid of me, that I could have had a return of 30% a few days ago before I sold, and now it became 3%.

What am I doing? The market has not adjusted for sometime, and I indulge myself to this kind of situation, to have 100% shares at ALL TIME, thinking to grab every single cent from the market.

What am I doing? I take things for granted, as if I should always be making profit, although past experiences have taught me not to (never) take things for granted.

What am I doing? I did not let my capital to rest for even a single day. I let them to subject to the daily market fluctuation, watching the portfolio rise and down, until I lost myself.

What am I doing? This experience is similar to May-Aug 2013, of which I've written some reviews in Jan 2014. I was vindictive last year, which has cost me even more, so now I decided to rest for sometime. 

[to be continued]



Thursday, 9 October 2014

2014 Q3 Review

Return: +4.5% vs KLCI -1.9% (3 months)

Transactions: 3

 1. Sell PNE
I've been holding this share for 1.5 years. Not a bad return. Fortunately I have enough patience to wait for it. Thanks PNE. But one thing I must remember is that luck is an important factor. Who knows if it wouldn't move until 3 or 5 years? So I am really happy with this transaction.

2. Sell INSAS
This share has been grueling to me, finally cannot tahan (cannoot stand) and Sell INSAS. I don't have the patience that I have for PNE. Maybe one day in the future I will return, who knows?

3. Buy GHL
I love this transaction. This brings back me the "feeling" of short-term trading. I used to have this feeling, but the experience seems to disappear when I indulge myself too much in the stock market. Luckily I've regained this "feeling". Needless to say more, look at the chart:


9-9-2014: gap up with volume. I refrained from chasing high.

10-9-2014 to 18-9-2014: consolidation with low volume. I observed the movement. Telling myself that my target entry price will be around RM 1.05. Why? Because the closing price before gap up is RM 1.04. A "sincere" consolidation process shouldn't go below RM 1.04.

17-9-2014 already went down to RM 1.03, is in my entry price. But I did not look at the stock market on that day.

18-9-2014 I have something to do in the morning. Wait until I look at the price was already trading at RM 1.07. I didn't budge on the entry price this time. I queued for RM 1.05 and I just do my own thing. And it did match after that. I enjoyed an immediate return in a short time. What more could I ask for?

This is the trading style that I am looking at: wait for consolidation, find an entry price, do not chase high. Just let it happens its own way. If the transaction is not matched, just look for other opportunity.