Trade #21 – alam (5115.kl)

#21aThis chart was plotted from adjusted price data.

Entry : 1.64 on 4 Jul 2014

Exit : 0.67 on 18 Dec 2014

Volume : 5500 units

Reason to enter : The price closed at a new 4-week high price a day before and supported by MACD line crossing its signal line from below.

Reason to exit (too little too late) : Finally came to my sense and admitted my loss. What a big humble pie it was. I somehow went through the cycle popularized by Elisabeth Kübler-Ross. I went from denial, to anger, to bargaining and hope, to depression and finally acceptance.

Gain / Loss : (5371.17) after fees.

Overall trading performance up to this point : (23481.81)

Blessing in disguise : From this loss, I learnt a valuable lesson. It forced me to learn to methodologically anticipate the level to exit if and when the price drop. Before this, I either put a stop-loss of 5 percent of my entry capital, or exit by relying on my feel.

#21bI made this chart my desktop wallpaper so that I will always be reminded of my mistake.

Once I drew those blue lines, it was clear as day on where I should have exited this trade. It was so plain and simple, I hated myself for not figuring out this method earlier. I merely drag a line from all its previous low. There were 5 levels of warning but all I did was busy indulging myself in my emotions of denial, anger, hope and depression.

Trade #20 – gkent (3204.kl)

#20This chart was plotted from adjusted price data.

Entry : 1.75 on 1 Jul 2014

Exit : 1.70 on 2 Jul 2014

Volume : 5500 units

Reason to enter : This trade was made more than 3 years ago, and since this is the first time I analyze it,  all I can say is that this trade make no sense at all. My trading strategy at this time was to look for counters that make a new 4-week high and when the MACD line crossed its signal line from below.

I bought it a day after there was a heavy drop in price, which was actually a new 4-week low, while the MACD and signal line were far from touching each other. I, myself, could not comprehend what was I doing entering this trade.

Reason to exit : As to why I sold this counter the next day, it was highly unlikely that I sell because I realized my mistake. The real reason might be because fear took over when the price keep falling the next morning.

Gain / Loss : (318.46) after fee.

Overall trading performance : (18110.64)

 

Trade #19 – ynhprop (3158.kl)

#19This chart was plotted from adjusted price data.

Entry : 1.89 on 10 Apr 2014

Exit : 1.98 on 10 Jun 2014

Volume : 5500 units

Reason to enter : The price made a new 4-week high 2 days prior and the MACD line crossed over its signal line from below.

Reason to exit : Price were dropping indicating profit taking by the market.

Gain / Loss : 411.98 after fees.

Overall trading performance up to this point : (17792.18)

Trade #18 – mbsb (1171.kl)

#18This chart was plotted from adjusted price data.

Entry : Average of 2.255 on 9 Apr 2014

Exit : 2.16 on 13 Jun 2014

Volume : 10000 units

Reason to enter : The price closed at a new 4-week high price a day before.

Reason to exit : The counter loss its momentum and started moving side way. Besides, I needed the fund for a personal reason.

Dividend : 494.00 on 5 Jun 2014

Gain / Loss : (400.82) after taking the dividend and fees into account.

Overall trading performance up to this point : (18204.16)

2013 recap

recap 2013

I was just glad 2013 ended even though I made only 2 trades. From the 2 trades, I lost 19499.65 dragging my overall performance since 2009 to 17803.34 in the red. These are the lessons I got although I am not sure if I had learnt from it.

  1. Blindly trusting an established brand name and not bothered to examine its fundamental.
  2. Overextended. I had put too many eggs into too few baskets. The outcome was catastrophic, which explained why there were only 2 trades this year. I was running too low on capital.
  3. The recurring theme this year – Hope. They say that greatest enemies when you trade are Fear, Greed, Hope and Ignorance. I am pretty sure I did not heed the advice.

Trade #17 – myeg (0138.kl)

#17This chart was plotted from adjusted price data.

Entry : 2.09 on 20 Aug 2013

Volume : 9500 units

Reason to enter : Swing pattern was seen coupled with the price making a new 4-week high on 19 Aug 2013

Exit 1 : 4000 units at 1.68 on 27 Aug 2013

Reason to exit : I overextended when I bought 9500 units and by the time the price hit 1.68, I was down by 3895.00. But I was not prepared to admit my loss and was reluctant to fully exit this counter. I only sold 4000 units and realized a loss of 1640.00. I was hoping that this counter will rally again soon rather than admitting my mistake and move on.

Exit 2 : 5500 units at 2.50 on 29 Oct 2013

Reason to exit : The stock finally recovered and made a rally and gave me a profit of 2255.00 from my remaining 5500 units. I was satisfied with it and fully exited this counter.

Gain / Loss : 535.25 after fees.

Overall trading performance up to this point : (17803.34)

Trade #16 – aax (5238.kl)

I’ve got so much to write about this trade, I do not know how or where to start. This was the first trade after a four years gap of me trading. This was the trade that burned a major hole in my pocket. This is the one trade that reflects heavily on my trading performance for many years to come. This, is the skeleton in my closet. ‘Is’, as in I am still holding this counter to this day.

Perhaps the chart below will give a clear picture of what I am talking about.

#16

Entry : 1.25

Exit : Still holding to this day (will update when I stop holding it)

Volume : 16000 units

Reason to enter : This counter was newly listed through IPO, though I only bought it after it debuted on KLSE as I could not reactivate my trading account in time. I had no idea that my account was suspended after being dormant for 4 years. The reason I was so optimistic of this counter was because its sister company, AirAsia Berhad, was already a firmly established company with a nice history. I assumed AAX will have more or less, the same performance. What a disaster it turned out to be.

Still holding : I would rather not talk about the reason why I am still holding this company as it is more emotional than logical. One word. HOPE. I am hoping that one day, just maybe one day, it will recover. Or maybe one day when my trading performance will break even.

Since this counter is worthless now, at least for me, I am writing this off as total lost.

Gain/ Loss : (20034.90) after fees.

Right issue of 3 for 4 on 13 May 2015 sold : 649.38

Overall trading performance up to this point : (18338.59)