Traded Nokia

 

Traded Nokia yesterday

Bullish trend and Price Action

significance at brown SMA, maybe 50 sma

one thing to note

maybe when after a few candles there is no spike

can exit the trade

SPCE trading

 

Traded and sold SPCE

the 2nd bar from right, is a bullish pin

sold it at around 31.5

Also nearly traded the above TCHEY

engulfing pattern, at a significant level

but left out 1 criteria. it is not an uptrend. the 200 SMA is not sloping upwards.

So I must always take note of the 3 criterias

uptrend

at significant level

bullish pattern

Change of Candlestick

 Decided to focus on 15mins after trying 5 min charts for a few days

for 15 mins chart, the moving average seems to be respected more

learnings from tesla trade

 I bought only 2 stocks

and the qty place is not well calculated

the simple calculation will be to roughly see where is your stop loss

and where you will sell 

then decide how many lots you want to buy

for example, the stop will be $2 away

I want to place $20 bet, it should be 10 stocks.

also, the bullish signal appear and you enter the trade

if there is no burst of energy upwards

no point staying in the trade

the purpose of the bullish signal is to hint that there may be a rush of buyers in

if it still go side ways, then exit

Tesla trade

 

Bought 2 Teslas here, as there is an bullish engulfing candle at 20 SMA

Entered @ price 649.29

Set both stop and limit order.

But the win ratio is bad

First Trade

 

Bullish engulfing candle at support zone

bought 10 share, at 58.43

sold around 58.5

0.7*10=$7

used a combination of TD and FUTU

TD to analyze, FUTU to trade

Unable to trade at TD because still awaiting approval from W8

3000 FCT

 Bought more FCT today

Many are feeling negative due to the high infection covid numbers

around 180 today

price dropped to around 2.39

still an opportunity to buy

dividend @ 0.12 is around 5%

also thought to myself

if you are a land lord, you want some where that is high traffic and energy

the highest energy is retail, as compared to residential, commercial or industrial

in terms of leverage, I think I am still ok

around $4k buffer in IG account

and I have some cash saved up, will not deploy to pay back the debt from share financing

the longer I delay, the bigger my portfolio will grow during this time of slight discount

previously I calculated after ascenda purchase, the AUM for Singapore shares is around 275k

so after purchasing 5k units of FCT during these 2 days, at around 2.4

total is now around 287k

and also  lian beng might not be able to buy back my shares

so 287k is pretty good, considering I am aiming for 300k

10 Tesla

 Bought 10 Teslas and closed them today

loss of around $US60

Lesson is to always chk the available funds

whether it is enough to sustain attacks on the IG account

Interesting thing is that the way I closed it

I sold the 10 shares from a winning trade I place previously

So the profit went into my funds, rather than PNL

So hopefully if ever IG goes bankrupt, the money in Funds is protected.

Closed BABA

 Closed BABA, as my defense getting thin again.

Just bought another 10 Tesla, but might sell it soon.

Available funds in IG account is around $4.5k now.

In other words, that is the amount of buffer that will prevent adding of more funds.

Before selling BABA, it was around $2.8k.

Also, BABA seems to not be very liquid.

If I am to do short term trading, maybe I should do it with more volatile stocks.

Then, maybe not again.

But now, it is important to have more buffer.

It is also better for my target of holding $300k dividend shares.

If my IG account crash, I may need to liquidate some of my Singapore holdings.

Profit from BABA trade : S$150

Another 20 BABA

 

Bought another 20 BABA @ 204.8

Was more bullish after researching over the weekend

Their PS ratio was 5.1

Tencent was around 9

Their growth rate before pandemic was around 20%

Google growth is around 10%

And China still has great potential to grow

Also did some stress test

the next support is at 150

If it goes there, the loss is 30x50=1500 USD

which is manageable

was thinking whether to own a total of 50 shares

but loss will be 2500 USD, which is around S$3500, which is less enticing.

Start short term trading again

 

I will start short term trading again.

With BABA first, after Adam Khoo has been saying it is under valued, and people are fearful about Chinese stocks.

Will keep a log on this trading journey.

This time I may have a different mind set.

Which is similar to Tan Kin Lian.

The trading positions are quite small relative to the funds.

I have a rough idea how much it can crash, and how much money I can afford to lose.

And roughly how much I can earn from the trade.

current price is 200, and if it can go near 300, then my profit is around $1k.

Not much, but if I keep a log, it may add up to something significant on the long run.

And this stock, if it crashes badly, there will be many more people that are going to get hurt badly.

I do not want the waste the opportunity of buying something that is currently under valued.

Another good thing about having is log is so that I know what are the stocks I want to hold for long term.

Those in the log are not for Buy and Hold.