Sorry I'm An $IDC Fan

I have no hard feelings with $IDC. This is despite the fact that because of my greed, and instead of selling for at least 37.00% gain, I lost everything with this stock, it is still in my watchlist. Why not? I love the volatility of this stock.

After I sold my $PXP shares, I bought $IDC for an average price of Php 11.23. I was hoping for a BOUNCE the next day for this stock. The night of November 22, I planned my trade by plotting the resistance and support of $IDC.

Today, November 23, this stock opened with a gap with an opening price of Php 11.80 since the previous close was Php 11.20. During the first few minutes after the opening the price went down and stabilized at about Php 11.36-11.40, I was not shaken by this because I placed my cutloss at Php 10.78.

As can be seen in the image, $IDC went up today closing at Php 12.44. So I've been thinking about improving my strategy and adding trail stop every after the trading day. I'm not so familiar with any method to do so, and sometimes, I'm just picking random numbers as my trail stop. I don't want this trade to be the same as my first $IDC trade so I really want to learn how to place trail stops. I hope I'll be able to gain more information about setting trail stops.

$PXP Gaming November 20-22, 2017

So I've been following $PXP for several days since it's bounce last November 3, 2017. Last November 20, 2017, $PXP Broke out and hit the price above its 9.18 resistance. So just like in the "simulations" I bought the stock. I bought in several tranches for several days and my average bought in price was Php 9.94.

November 22 happened and $PXP soared high on that day. Unluckily for others it was also the day that $PXP reversed and closed at -7.45 %. Unfortunately for others, since the stock went as high as Php 12.34, many of them got stuck when they bought at the high of $PXP. I was glad I was able to exit the trade when I sold all my shares at Php 11.44 for an 11.64 % gain. I was a bit disappointed a first when I saw $PXP go above Php 12.00 but at least I gained from that trade. 

$IDC Momentum Play

Since I started trading, this has been my best play that I ever made. Since the breakout of $IDC last October, I have been watching this stock if another breakout will occur. However, I've been trying to get a good position with this stock but I wasn't able to timely enter a position. 

Last November 7, 2017, bought 100 shares of $IDC at Php 9.6 and another 100 shares at 9.58, also, I placed my cutloss point at 9.4. I was hoping for a breakout but it did not happen, to my dismay it even went down to my cutloss point. In order to protect my port, I cut my losses at 9.41 with a loss of -4.95%.

The next day, there was still no significant price movement but it has the same volume as the other day. I was thinking that $IDC was going through a consolidation and will later on have a price break out. Luckily the next day (November 9, 2017), the breakout happened and I entered the trade in several tranches with an average of 12.36 up to the present. I could have entered the trade at around the opening but I was hesitant since all of my major losses happened when I bought during the first 30 minutes from the opening. I decided to let the market cool a little down first and decide the average price. In that way I will be able to calmly decide if the momentum is really upwards or not. My trade last November 9, 2017 ended with a gain of 6.89%.

The next day, I sold my $SMC and decided on balancing my port for $IDC and $BLOOM. I will be updating this post with whatever will happen to this trade. I know other traders did better than me, but I'm still happy that I'm doing baby steps in learning stock trading.


November 10, 2017 Close: After rebalancing, IDC continued to soar higher reaching up to the Php 19.00 mark, but closed at 16.82. I will stick to my trade plan and exit should the opening next monday be unfavorable. $BLOOM managed to go up even after I rebalanced by port.

Update: 11/23/2017

I was very heartbroken with this trade. I got very greedy and waited for the price to again hit the 18 peso mark but it never happened. Several days passed and the price went down and down. I started thinking to get out of my position at Php 15.00 but got greedy again and set my sell point at Php 16.00 which never also happened. Fast forward I exited my trade with a 3.15% loss at Php 12.12. 

30% was already a win, 20% was already enough, even 10% was enough but my emotions got me and I anticipated another breakout. Thus, I lost everything.

Note to future self:

Never get greedy, don't catch higher highs, once the target price is reached and the momentum is still going, set a trail stop and abide by the trading rule no matter what. When I planned writing this blog post, I was ready to record my 1st big win, but now I am writing my first big lesson, and another reminder that no matter what your position is, no matter what the color of your portfolio is, trade according to your rules, and not according to your feelings.

False Breakout: $PRMX

I planned this trade together with $RWM. Unfortunately both of them happened to be false breakouts. The breakout occurred last October 11, 2017, when $PRMX closed at 7.00 breaking the resistance at 6.85. 

I planned my trade the next day by buying $PRMX at lease a little bit higher, ranging from 7.01-7.05 in order to confirm the breakout. I placed my target price at 7.5 and my stop loss at 6.41. The next day the price opened at 7.01 and I immediately entered and bought 600 shares of  $PRMX at 7.02. Unfortunately for me the bullish rally did not last long and it immediately decline below the 7.00 line. Even after the price drop below my stop loss price, I did not sell and hoped that the price will go up again. 

This trade did not go well for me, as of this day I did not exit the trade an has a potential loss of -10.8%.

A lesson for me on both $RWM and $PRMX is to stick to my trade plan and never be hopeful that my situation would reverse. It's better to cut my losses early than hope and become a forced investor.

False Breakout: $RWM

After coming across the blog of one of the best traders in Philippines, master "zeefreaks". I wanted to adopt his method to my trading. So I modified my technical indicators to the following: SMA 20, SMA 50, SMA 100, SMA 150, MACD. 

I was screening for stocks that broke out of it's previous resistance or near their resistance level and I watched several stocks. One of this stock is $RWM, who broke its resistance last October 2, 2017. The next day my entry strategy is that the price must open higher that the closing of the previous day (4.20) to confirm the breakout. The same really happened and I entered the trade by buying 1000 shares at 4.33. However, the odds were not in my favor when on the same date, $RWM closed at 4.05. 

Because I'm too emotional to exit the trade, I held to my position and waited for it to rise. Luckily, my opportunity came last October 11, 2017, $RWM's price ranged from 4.18-4.46. I could have exited the trade but I was optimistic that the next day the price would go up. I prepared my trading strategy the next day. My target price was 4.80 and my cut loss price is 4.39. However, I was too emotional to admit that I was wrong that I did not cut my losses despite the price dropping to my cut loss level.

Now, I am stuck at -7.73% and is still very emotional to cut my losses. I realized how important it is to live to your strategy faithfully, despite negative effect. In order to protect us from losing more, cutloss price is there to end it. Unfortunately I was unable to exit today from the trade because I was in court the whole day. Hopefully, monday would give me a better opportunity in the market.

September Trading: $FGEN

With the dividend hype of $TUGS still lingering inside my mind. I learned that $FGEN declared P 0.35 per share cash dividends with ex-date of October 5, 2017. So I bought 200 shares of $FGEN at 19.08 last September 29, 2017.

For the past few days the trend was going up up to 19.72. That was on October 4, 2017 or one day before the ex-div date. 

When the ex-div date happened I immediately sold all my shares at P 19.50 yielding P 41.51 gain. lol, (kyah! kyah! pembarya!) I have no idea if that was a good trade or a stupid one. I was afraid that I might lose money so I traded my position the moment I had the opportunity.

TUGS TUGS! TUGS TUGS!

So there was a disclosure coming from $TUGS, who by the way gave me a huge loss amounting to P 10,000.00 when I was still paper trading, last September 5, 2017. Stock divs daw 50%. The next day I bought 1000 shares of $TUGS at 2.68, even though I don't even understand how stock dividends work. (Hype pa more! Sakay pa more!)

When I was reading about stock dividends I was very confused. There's record date, ex-div date, pay date. Gosh! too much date, I can't handle it. But the one thing I learned about stock dividends, is that the only time you'll love the EX coming is the ex-div date. As explained by dividends.com:

"As of the ex-dividend date, buyers of this stock will no longer be entitled to receive the declared dividend and the stock is said to thereafter trade “ex-dividend” (without dividend). Before trading opens on the ex-dividend date, the exchange marks down the share price by the amount of the declared dividend."

I was particularly focused on this stock, I wanted to earn much on this trade, and there were uncertainties coming from the stock dividend declaration that I was preparing.

One day prior to the ex-div date, the stock went up nearing P 3.00 but I was still holding on, holding on the idea of us being together..... (insert beartbreak emoji here) The next day, my heart skipped a beat, the price was low, that I panicked. I read the effect of stock dividends and was able to process the same after several hours. So I decided to hold onto it based on my gut feeling and other persons on social media were also saying, "$TUGS road to 3 petot."  Long story short, I was caught in the hype again. 

After several days I sold $TUGS at 2.36 per share. My port is showing me, after deducting all fees, a loss of P 343.71. Until the present, I'm still holding on the idea that I will gain more from what I lost when I sold my shares. Today, October 13, 2017, is the day that the stock dividend is supposedly up for trading but my portfolio still has no $TUGS in it.