Rules and Greed

What would most likely happen when you disobey your own rules/trading plan and let greed enter your system? See for yourself:

Port April 19, 2018

Yesterday, i stated in my blog that i will just "sit tight" and execute my trading plan without exception. I also said that i won't be buying any $VITA shares above 3.73/sh but guess what i did? I ended up doing this:

$VITA Daily Chart

I guess learning it the hard way makes it hard to forget hahaha. I locked in a whopping gain but got reduced by 15% because of my impulsive greedy buying near at 4.00/sh and 4.20/sh. Lesson Learned. Time to Move on.

$RLT

$RLT Daily Chart

With the PSEi performing 2nd worst globally, it's not much of a surprise that only a few stocks will rally. I find this one interesting since it rallied 8.77% despite the big market fall. Gonna watch this closely in the days to come.

Note To Self: Never let GREED takeover your TRADING PLAN. Avoid Trading during the first 1 hour of the market "DEADLY"

New Positions - April 18, 2018

$ATN out. $MRC out. 

Started the day at a loss because of those two, but fear not! $VITAmins to the rescue!

$VITA Monthly Chart Breakout

Whenever i see this kind of breakout, some stocks come into mind. ($NOW at 3.00/sh, $PXP at 3.00/sh, IDC at 4.00/sh, etc.) Of course, psychological resistance will be hit soon such as 4, 5, 6,.. but technically speaking, 8.00 is the NEXT REAL WALL. Then finally 11.70/sh. I don't have any buys on this stock anymore. Just gonna sit and execute my plan without exception.

Current Positions:

Portfolio April 18, 2018

$PXP

$PXP Daily Chart

Looks like the selling pressure is already over. Technically speaking this looks like a good rebound play for the days to come. One good catalyst we can probably go to 20.00/sh soon.

$RWM

$RWM Daily Chart

Currently consolidating after a long rally. For some reason this stock ain't falling despite the very bad market. I like it!

Note to self:

"What looks expensive today, may not be expensive tomorrow. What looks cheap today, may not be cheap tomorrow." 

The New Leader

$VITA

$VITA Monthly Chart

Tomorrow's the BIG DAY. 1 tick away from 3.00/sh + 11 ticks away from 3.10/sh. VITA was sold heavily yesterday so i started trimming my position. Added some today at 2.84/sh and 2.90/sh. 3.00 - 3.10 area is very hard to crack to i'll just add my last tranche on 3.10 breakout. Above 3.10, i think VITA will make a run for 4 to 7.8 or even 11.70.

PORT UPDATE

Port April 17, 2018

Went all out on LR yesterday because of the breakdown. Sadly i wasn't able to sell quicker because of our final poster presentation :/ 

NEW POSITION

$MRC

$MRC Daily Chart

Entered at 0.59/sh today. Let's see if it will bounce at 0.58 support level anytime soon. I really don't like playing bounce plays anymore. As much as possible, i try to limit my trades to momentum plays. Sadly, the market is falling like nuts and only a few stocks are stable.

$ATN

Tulog. #TheNextAlpha?..

Trading on Finals Week

2nd Week of April

One of those HARD-TO-TRADE-HARD-TO-PREPARE times because of Final Exams. 

No Pun Intended

Buti nalang maganda as of this moment ang positions ko. WOOT WOOT! 

Port Update 4/14/2018

Decided to leave IRC since i'm sensing some weakness currently based on the chart. I still have it in my small port though.

Chart Updates:

$VITA

$VITA Monthly Chart

Looks like my hunch last April 06, 2018 was right. Broke many key resistance levels this week ( 2.20, 2.34, 2.58 ). Despite the weak market, this stock broke its 52 week high closing at 2.74/sh. The Alpha as of this moment. Did my tranche buys at 2.03, 2.20, 2.50. My last tranche will be at the break of 3.00/sh. A break above 3.00/sh can make this stock fly to 7.80 - 11.70 level.

$LR

LR Daily Chart

Decided to buy this chaotic stock once more. I just find it interesting that it's holding above 5.00/sh despite all the bad news that came out. Strategy as of this moment: 

Cutloss: Close below 4.80

Buy More: 5.20 Breakout 

$ATN

$ATN Daily Chart

Still holding. Looks like it's building a new base at 0.64 - 0.66 range. People ask me why i'm still holding to this stock despite its low volume. As mentioned in my post way way back, i like its shift from Solar Focused to Rock Crusher focused. That is only 10% of why i'm holding it. So whats the 90% of the reason why? LOOK AT THAT SEXY CHART. A Falling market yet it barely fell and is also crawling near its 52 week high.

Current Watch List

$CPG

$CPG Daily Chart

$MRC

$MRC Daily Chart

$TUGS

$TUGS Daily Chart

Interesting Chart: $MRC

Still preparing for my entry on this one. Although i'm 90% sure i wouldn't be able to maximize its move if it moves up early since most of my buying power is reserved for ATN, IRC, and VITA. Nevertheless, here's my take on MRC

The way i see it, this stock is preparing for the big break of 1.00 level. Would buy this one near 0.60 and buy more if it breaks 0.67/sh. Caution if it breaks below 0.60 though. If it closes below that box then a possible retest of 0.50 will happen soon once more

Tuesday Craze

As of April 10 market close, my current positions are as follows

$VITA

VITA Daily Chart

         Vita broke its major resistance today (2.20/sh). Went up as high as 2.49 almost breaking its 52 week high. Sadly it failed to close above 2.50 and closed at 2.31/sh. Will hold this one as long as it doesn't close below 2.20.

$IRC

Interesting disclosure from IRC today. ABG subscription price at 1.40/sh. Despite it closing at 1.18/sh (-4.84%) i still am bullish on this one. Lets just give it a week for the market to absorb the news. If ABG is willing to invest at 1.40 per share, then maybe somethings cooking in this one. As mentioned before, IRC is like LR at 3.80 - 4.50s level. #HeadFakesLord

$ATN

Still sleeping...

The Fool's Week

Two words, Hard Week. Sold my biggest bet for the year ($LR), followed by a breakdown of $ION. Still, despite all the drawdowns, we choose to stay in this crazy market. Ika nga ng iba, "Ganyan ang buhay trader." Time to summarize this week!

First up, the VALUE of PAYTIENCE

Here's a screenshot of my previous position on IRC

IRC position ( March 13 - 14 )

Sold all of these at 1.00 - 1.02 range, reason? GREED. The thought of turning a winning trade into a losing ate me alive that day ( Even though my stops or sell signals weren't hit ). Now it closed at 1.24/sh. LESSON LEARNED.

Time for some updates on my trades. Here's my port as of this weekend:

Port
April 06,2018

Day change was supposed to be big today but IRC's breakout happened alongside ION's breakdown.. Sold my $CEI shares since it failed to break 0.3000 level today. Doesn't really count as a cut loss but more of a time stop ( Time allowance given on a specific stock to break its range ). 

$IRC

IRC Weekly Chart

IRC made another monster run just like last March 14. Only difference is that this one didn't make a toothpick ( If you know what i mean :D ). I always try to learn from my mistakes, and that's what i just did here. Made a mistake of not following my trading plan last March 14 ( Sold all of my position ), so instead of watching, i planned my reentry. Bought shares at 1.05 - 1.07 level as my initial base. IRC seems to be preparing for a monster run, will add on this one if it breaks that major level 1.40 - 1.50 range. New 52 week high attempt next week?

$VITA

VITA Daily Chart

Interesting price action today. Convictions for buying? It broke out from its short term resistance of 2.03 and towards the end of the day, i saw no selling pressure at all. All i did was buy an initial base on this one, Will add on this trade if it breaks 2.12 - 2.20 AKA The Great Wall of VITA.

$ATN

No charts, didn't really make any interesting move today. It's a good thing that it's still consolidating though, more chance of accumulating. hihihi.

*Note to self: A simple system with good emotional control IS SUPERIOR to a holy grail system with emotions unchecked. 

New Positions

With the PSEi currently ranging, a bombardment of negative news can severely damaged a stock. Sold all of my $LR shares today. Bought this during its sleeping phase (3.80 - 5.00). I had my initial sell when it broke 6.85/sh easily yesterday. Went all out when it broke one of its major support (6.40/sh). Let's see if this stock will hold 5.80 - 6.00 range. If it does, then i might consider buying again. if it doesn't then hello 5.00 - 5.50

New Average Costs & Positions:

$CEI

Noticed a very huge pad bid (60 millions php) at 0.2800 level. Apparently it was a cross trade from Kings Power to Belson Sec. Currently forming a flag pattern and i bought my initial position today. I will add on this one if it breaks above 0.3000. Speculation wise, i'm still betting Dennis Uy will buy into this company.

$ATN

Added volume to my current position (Buying Power from disposed LR shares). Currently consolidating at 0.60 - 0.65 level. My cutloss is still in place at 0.59 close. Key breakout level / Volume up level is still a break above 0.72

$IRC

After days of waiting this stock finally closed above 1.05. Just like LR, this stock is full of head fakes so i'm being cautious on increasing my volume on this one. However, RSI just broke above 70 which signals an uptrend. Will add more if it breaks 1.20 & 1.40. Cut loss for the days ahead will be a close below 1.05

$ION

Biggest volume in my port. Another flag pattern just like CEI, Will spend my remaining buying power if it breaks above 2.65. Key levels to watch: 2.80, 3.00, 3.20

Additional Plays

Besides my current positions (LR, ATN, ION, RLT), I found some stocks that may go crazy especially once the market has stabilized and resumes its uptrend.

First up, $CEI.

Heres my plan:

- 1st tranche on break of 0.3000

- 2nd tranche on break of 0.3450

- 3rd tranche on break of 0.3850

Cutloss: Break below 0.2900

Second, $IRC

Interesting close today, but i'm always on the look out when it comes to trading this stock. Too many head fakes just like $LR. I'll buy at 1.06. When? It really depends, if you're a high risk trader, then buy as soon as it hits 1.06. If you're a conservative one, then wait for the closing price. If it closes above 1.05 then enter before the market closes.

Third, $WLCON

FInally broke out of that 11.00 resistance. Will buy this at the opening price and will cut if it closes below 11.00. My second tranche will be at 11.35 as soon as it breaks it. Then my third tranche will of course be at 11.70 breakout

Lastly, $MRP

Will enter this too at the open. Will cut 50% if it closes below 8.00 & will exit everything if it closes below 7.80. Will buy again on 8.15 breakout.

Trade Update: 1st trading day of April

$LR  7.07/sh ; +2.61%

My #Alpha stock finally broke out of its pennant with volume. Currently watching 7.20/sh and 7.50/sh. If LR breaks above these levels then we can finally attempt a break of 8.00 - 12.00 range.

$ATN 0.61/sh ; +7.02%

1 of the 2 swings i'm currently in. Finally broke out of its consolidation range. Time to watch and see if it can close above 0.70. I will double my position on this one if it closes above 0.70/sh

$ION 2.64/sh ; +7.76%

1 of the 2 swing i'm currently in. Got this stock at 2.54/sh. Doesn't really matter if i did not get the perfect entry. THERE IS NO SUCH THING. Since it closed above its previous resistance, time to watch if it breaks 3.00 - 3.20 level in the coming days.

Good Day <3