This month was a risky one. War just started, and Trump administration was coming out with all sorts of nonsense to justify their "hammer now" actions. The consequences were disastrous. Key energy routes on strait of Hormuz was cut, driving energy prices, risking inflation and greater Geopolitical conflict.
Coupled with the fact that - I am trying my luck at my first EC! And realising I (we) am/are actually able to afford it, I felt the sense of achievement at how far we've come. Unfortunately, our queue number was way off (1364 of 1420?? Wth?) And there goes our chance. Back to building up funds for the Woodlands South EC.
Realised a trend in my sell-off. Once counter turns green I sell. Which is, if I were to compare fairly with my losing counters, unnecessary. I probably have to let it run for a while first, see where the bull ends. Who knows, it might be a breakout.
Lost out on Oiltek and top glove as a result. More for Oiltek, shot up to 1.2. Could have netted a good 1.6k had it let it run for the month. Oh well, lesson learnt, I need to 1) identify whether it is a bull signal and 2) PATIENCE.
Entered Rex and Marcopolo. Rex threw me off the day after I entered... auditing issue, news of ongoing concerns broke out, sending the counter into a nosedive. Am at 4 figure loss as at writing. But idk, im trying to see how low it can go, may have some bounce back, subject to some unexpected events that may end Rex once and for all (like winding up, suspension :( )
For Marcopolo seems like a more resilient counter. Though still falling short of expectations, news volatility might make this a safer counter for fund inflow than other vulnerable counters.
So to conclude, my portfolio this month went into the red... let's monitor.
Update #52:
Blogging now only cos I was driving end of the month. T'was a short but real busy month... and it's been a year since my major setback in trading. I'm constantly reminded how that month of emotional trading burnt a huge hole in my wallet..
And I'm relieved I did not let history repeat itself. Am low key proud of that :) Manage to cash out my Toku with a little profit. Enough to support my trading portfolio.
Two of my major holdings took a hit - Genting and lendlease. Genting - results missed estimates, exposed to a few downgraded calls. Lendlease - they plan to issue rights to purchase the rest of PLQ.
Lucky I cashed out Genting with abit of profit before it dived. Seems my luck with Genting was going strong in trading... while the same in my investment portfolio is bleeding damn badly :(
Geopolitical tensions escalated quickly, and I bet its going to correct alot of counters already outperforming. Yea, those blue chips, talking about you...
Update #51:
