Monday ... it is MONDAY ... back to office after a week break. I am wearing red, and it closes about 7 points lower for lunch. I m not sure what to write. Many of the second liners are not doing well, and I have to dispose many, preserving cash. Shall we check 1580 ... or lower?
DiGi : I sold her at cost price(still need to pay broker-fees of RM200, ok? ... so, it is still a loss) for some cash, seeing many more retracing to good levels.
Note : I am changing DiGi for 3A, actually. Managed to grab at 1.20 this morning, average. Digi still up ... every one cent Digi up, that was RM50 profits ... but as I am going for 3A, I am able to buy more units. So, every cents up is RM150 profits. I do expect DiGi to move to RM4 and above. A 10cents of DiGi up translate to RM500 profits, so ... I need 3A to up by 4-6 cents at least, to justify my change. At the current moment, DiGi at 3.95 and 3A at 1.21. I am writing it here as I do such trades, I mean ... changing a counter to another. Sometimes it works well, sometimes I was proven wrong. We shall see. The position size for 3A is smaller than DiGi as of coz ... DiGi is a heavy-weights, 3A is much more volatile, the risk is higher.
WCT : I have cleared her last week at cost price too. Yes, construction in down trending and I have to avoid for a time being.
AirAsia : Another stock I sold last week ... this one giving me profits enough to cover DiGi and WCT broker-fees. Nothing much, just need to re-balance and reduce my exposures.
Cash : Yes, more cash will be pumped in only if market corrects further and many cheaper items available.
Trends : Make trends your friends and I have failed this important rule. So, I am being punished with 'losses'. ouch.
Cut-loss : Cut-losses small and when it reaching your stop-loss level. Failed to do that for two trades and getting stucked ... and un-intentional loooong term investors. Yes, I may claim that the amount is not that much ... but it is STILL wrong to average down, rather than cut-losses. double-ouch
Yes, I am not in mood... if you know why. Never mind.
Let me walk alone ...
TEH