17 July 2013

Got a shock this morning after I discovered my losses were 1400 instead of a profit or a slight loss of a few hundred. never expected it to go this big after i gained profit from Puncak. Anyway, lesson today is  never hold counters leftover and wait for it to rebound. If there is a chance, sell them all clean. this will avoid you from getting distracted by looking at the counter and lose focus on up and coming ones. Another lesson is to avoid getting lured by volatility of the counters in the morning unless you are sure it is quite certain to go higher after you heard a news about it. If you have to enter a counter in the morning, make sure you sell it instantly and not wait for profit to run or its rebound. Most of them will drop back in the evening after they lose steam and new counters with strength will jump up at that time. Last lesson for today is to contain losses. It is important to count the losses by counters and if in a few consecutive days or a few consecutive counters of trading were in losses, you have to stop trading to gain back your confidence and your focus. This is most likely a sign of bad market. never be too hard headed on losses and never take risks in bad market. After settling down and some time to cool yourself, start all over again as if you have not made profit at all previously, from zero. this is to ensure you will not take too much risks, accumulate profit and minimise losses. Treat profit as your monthly income and losses as drainage to your savings.

From yesterday's purchases, Gadang as expected did pretty well. It flew past 1.0 which I sold the first 10 lots at 0.995 and another 10 lots remaining at 1.0 after it dropped from the high of 1.02. it stayed at 1.0 for the whole morning before coming down to 0.99 but rebounded to a high of 1.04 before retreating to close at 1.02. I did not enter the counter again as I wanted to because it is not strong in its upward movement and also I was distracted by a few stronger counters today. Sycal did a little better than I expected because it rolled up to 0.37 for me to sell. It did not move in the opening but after 10 minutes or so, it inches up to the level and i sold them all. sendai was worse than i predicted as it did not follow the trend of puncak which I expected it to be. It opened at 1.67 which i sold all my 10 lots after which it rebounded to 1.74 but retrieved thereafter back to negative territory. 

The counter that I least favoured was Muhibah which ran up just like puncak the previous day. it went up 0.20 to 2.46 in the morning but retreated to  2.33 at around 11am before going back up to 2.40 level holding there till late evening. in the late evening it ran up again to new high of 2.47 before closing AT 2.49. i entered 10 lots at the closing price. In the morning, Perdana came up from negative territory of 1.91 to breach 2.0, a level never breached before. it stayed there for a short moment wehre my colleague entered 30 lots at that price. it then went up straight to 2.04 where the warrant reached 0.915. I bought 10 lots of warrant. it then went up to high of 0.94, following the mother share which hit 2.10. My colleague bought another 20 lots at 2.05 but sold them all at 2.09. from there, it came down to 2.05 while the warrant hovered at 0.92. In the evening around 4.30pm, the mother share started to move up back to 2.09 where i again entered 10 lots around 0.93. The mother share then retreated to 2.05 at the closing moment where i stopped purchasing the warrant. i then bought another 10 lots at 0.92 when the mother hit the low of 2.05 before pr- market closing. the mother closed back up 2.09 after pre-market opens where i bought 10 lots. A mistake was made with Engtex warrant when my colleague alerted me to the mother share which traded at 1.30. the warrant went to a high of 0.455 with huge volume at first page. After it retreated to 0.435, it again went back up to 0.445 . I bargained 50 lots when it retreated to 0.44. from that price, it went down to 0.43 where i sold 30 lots and waited 20 lots for its rebound, another mistake made twice in 2 days, yesterday with TAS. It went to 0.425 and stayed there for a while. it rebounded back to 0.435 where i hesitated for a while but queued all the remaining at that price. it did not take any of my shares but went straight down to 0.425. i then cancelled the queuing and tried to sell the balance but due to the problem with the system, i was not able to sell my shares. It stated i have insufficient shares to sell. after triple checks, I called the IT guy which rectified the problem but the price has gone down to 0.42 which I sold off all the remaining there. It closed at that price. 

A colleague of mine alerted me to TDM right after lunch when it only traded up 0.01 with 2000 lots done. I dismissed the counter as I thought it is a tough counter to play with. I was wrong,. It went up to 0.08 within minutes and at that time, attracted attention of many people. some of my colleagues entered at 0.80 which it then retreated back to 0.795 where some sold them back. after a brief while at 0.08, it went straight up fiercely to 0.84 but retreated back to 0.835. few of my colleagues entered at that price and I hesitated after it ran up so ferociously. I put a buy price at 0.84 which it breached and bought 50 lots. I sold 20 lots when it retreated to 0.835 but reentered again 50 lots at 0.845 where many of my colleagues entered at that price as well. it reached 0.85 but did not get past the price. it came back down to 0.84 where some of them sold their shares but i hold on to it till the closing. It closed at 0.835 where I sold 50 lots. Cliq and the warrant went up ferociously in the closing minutes during a time which i got distracted when i was helping my colleague. I was looking at the counter for a few days already in my portfolio. It was holding at 0.705 price for a while. when I finish with my duty, I saw the price at 0.755 which it went up bu 0.025. I quickly bought 50 lots and it went straight up to 0.76 before pre-market closing. It closed at 0.77. The warrant went straight up to close at 0.48 from 0.46 at pre-market where i also bought 50 lots at the closing. 

The counters I missed purchasing yesterday was Inari which it went to high of 0.48 slowly, with little volume. it closed down in negative territory right before closing for lunch. THHeavy, just like its usual trait, sinks to negative before pulling up 0.02 highest but retreated to negativity at closing. I will not make much from this counter if I bought yesterday. Handal stayed at 0.66 for the early morning before running up above 0.70 to 0.71 where my colleague entered at 0.695. I was tempted to enter but due to the timing as it was too early, I did not. I was right, it came back down to 0.695 where he sold all his shares there. TAS continued up from yesterday but due to the way they push the counter, I have no confidence in it, which may be a wrong decision. I saw the counter at 0.64 where it inches up slowly to 0.655 where my colleague started to accumulate and it closed at 0.67.