As mentioned in previous blog posting, closed my PERDANA trade this morning at 66.
I began blogging with capital worth RM19,420. Taking into account the losses of the past two trades, equity is now down to RM18,754 - a 3.4% loss. An oversight on my part - I didn't take into account brokerage fees when calculating my position size.
Will remain 100% cash until I see signs of stabilisation.
Showing posts with label Portfolio Update. Show all posts
Showing posts with label Portfolio Update. Show all posts
Thursday, 15 September 2011
Wednesday, 14 September 2011
Portfolio Update
FBM KLCI continued to be bearish today and my stocks hit their respective stop loss points. MMODE's stop was at 24 sen and PERDANA was at 66 sen.
I've already closed my MMODE trade but my broker called me a little late with regards to PERDANA, so I'm still long that stock with about 15% exposure. Nevertheless, I'll most probably cut if the bid is at 66 or higher tomorrow.
Initially I planned to risk only 1% for both trades. However, since I heard rumours that a large party was to take a majority stake in PERDANA, I decided to lower my stop loss point from 69 sen to 66 sen, just to give the trade a little more room. In hindsight, it was a costly decision. Perhaps I wasn't disciplined enough here. Nevertheless, if this stock acts bullish again in the future I would not hesitate to jump in.
I sold MMODE according to plan - although the brokerage fee is making it making me lose about 40 basis points more than I should.
Will compute my total equity once I sell PERDANA tomorrow.
I've already closed my MMODE trade but my broker called me a little late with regards to PERDANA, so I'm still long that stock with about 15% exposure. Nevertheless, I'll most probably cut if the bid is at 66 or higher tomorrow.
Initially I planned to risk only 1% for both trades. However, since I heard rumours that a large party was to take a majority stake in PERDANA, I decided to lower my stop loss point from 69 sen to 66 sen, just to give the trade a little more room. In hindsight, it was a costly decision. Perhaps I wasn't disciplined enough here. Nevertheless, if this stock acts bullish again in the future I would not hesitate to jump in.
I sold MMODE according to plan - although the brokerage fee is making it making me lose about 40 basis points more than I should.
Will compute my total equity once I sell PERDANA tomorrow.
Monday, 5 September 2011
Portfolio Update
Nothing much going on with my portfolio at the moment. Both PERDANA and MMODE have not hit their respective stop losses. Due to the uncertain environment and the heightened expectations of recession , my net exposure of approximately 24% seems pretty comfortable at the moment. Not looking to increase my exposure for the time being.
I am actually wishing that we'll experience another bear market, so that I could pick up some good quality stocks at bargain-basement prices (Graham-Dodd-Buffet hat). TENAGA looks like its going to be on its way to the basement, but not quite yet in my opinion. Probably 3-4 more floors to go. The coal price issue will still be the deciding factor when investing in this stock. Other than that, it's a blue-chip monopoly - what more can I say?
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Currently I am in the process of obtaining more funds to manage from a few family members. Once that is complete my fund size should increase to around RM100,000. This will give me the required economies of scale in terms of brokerage fees as well as have a sizeable portfolio to manage and base to generate required track record.
I hope to one day manage over RM1 billion in funds, either via own company or as a fund manager in major fund houses. Dream the impossible. Desire.
I am actually wishing that we'll experience another bear market, so that I could pick up some good quality stocks at bargain-basement prices (Graham-Dodd-Buffet hat). TENAGA looks like its going to be on its way to the basement, but not quite yet in my opinion. Probably 3-4 more floors to go. The coal price issue will still be the deciding factor when investing in this stock. Other than that, it's a blue-chip monopoly - what more can I say?
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Currently I am in the process of obtaining more funds to manage from a few family members. Once that is complete my fund size should increase to around RM100,000. This will give me the required economies of scale in terms of brokerage fees as well as have a sizeable portfolio to manage and base to generate required track record.
I hope to one day manage over RM1 billion in funds, either via own company or as a fund manager in major fund houses. Dream the impossible. Desire.
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