Saturday, 28 June 2014

Global Logistics



Entered this trade on Friday at $2.68. First target around 277-280 and second target around 285-288.  Cut loss below the 260 thereabouts.

Fundamentally the stock should ride on the e-commerce success in Asia, especially China and the company has many analysts with buy calls on it and target price >$3. However, the valuation is too rich for my liking. For this space, I prefer CWT and is looking to enter CWT for my SRS account for a longer term play.

Happy trading.

Friday, 23 May 2014

Sino Grandness



Executed a trade at 66.5 cents this morning. First target 70-72c, followed by 74-78c. Cut loss below 64 thereabouts.

The counter is really "good value" and would have qualified for a fundamental buy except that it is a China stock and you know lah... my bad experience in S-Chips. 

I will just trade it instead.



Happy trading.



Monday, 10 February 2014

RH Petrogas


Entered this trade at 55 cents today. First target 58c-60c and second target around 62c-64c.

Cut loss below 50c for now.

Happy trading.

Thursday, 26 December 2013

AIMS REIT & Capitaland

Entered 2 more trading positions today.

AIMSAMPI REIT



Entered at 1.435. First target 1.48-1.50. Second target 1.55-1.58. Cut loss below 1.35 for now.

Capitaland



Entered at 3.02. First target 3.15-3.20. Second target 3.25-3.30. Cut loss below 2.92 for now.

Wednesday, 25 December 2013

Feeling nostalgic

I was hoping to enter some positions yesterday only to realize that the market was on half day. Haha. I am anticipating a run up post Christmas and all the way to Chinese New Year. 

Anyway, I am in a cleaning mood today and was packing my study when I come across my old trading journal. 


Wow I don't even have the disc reader anymore. Haha. Alamak.

Which is why I think blogging is good in the sense that I don't lose the content as long as google (who owns blogger) don't go bust ah...

I bought two books today. Will share with you later after I finish packing! 

Pardon the non stop postings... Since i am clearing leave. Hahaha..

Monday, 23 December 2013

Suntec REIT



Entered a trading position on Suntec REIT today at 1.51.

My first target will be 1.57 followed by 1.64. Cut loss will leave it wide for now at around 1.45. 

This will be the continuation of the fire and forget strategy which i am embarking.

I have not been trading since 3 Oct 2013 as i have been really busy with work! wow.... really ate grass for more than 2 months but maybe eating grass is not that bad under current trading sentiments where it is down trending all the way.. :P

Happy trading.

Thursday, 3 October 2013

Ninja Master Fund - Interim Results

As promised, I will do regular update on the capital account of Ninja Master Fund, which i use mainly for the "fire & forget" strategy.

My previous update was here and i started this account on 1 April this year with $100,000.

As of 30 Sep 2013, after the 4 trades in Sep, the capital account increased to $109k. Let's see if i can hit $120k within one year and the return would be 20%. 

One thing you may want to take note is never force a trade. When I look at a chart and the chart doesn't shout "buy me buy me" to me, I will give it a miss.

The problem with new traders is to "overtrade" when they are on a 'winning streak'. In other words, taking a trade even when it is not compelling to do so or the risk-reward is not too good. You will have to learn to overcome that "trigger-happy urge" to prevent over-trading.

I will continue to share my trades if i see some compelling setups. I will be busy travelling again in Oct and Nov... :(

Happy trading ^_^
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