Stock trading - not good well esp for Monday. almost swiped off all the gains from last week....esp after kena "stopped out" for Zijin Mining. So power....the moment I went to get my breakfast ready, the price dropped until I was stopped out and rebounded back slightly. 50 Lots....and my stop loss at 8.5% from my buying price for the lot. On Tuesday....down and up again, frankly my shares were going no where and luckily end slightly on the plus side. Bought 300 shares of Tencent when it dropped on the morning and it closed with a HK$600 gain for me. The rest of my holding....also show minor gain. On Wednesday....market just gap-up esp for Zijin mining and Tencent....beautifully then after 1 hr of trading cool-down. Saw Alibaba dropping 7% after reporting a in-line result....so bought 5 lots at HK$17.06 then it just dropped further down to HK$16.90. I key-in again to buy at HK$16.88 but didn't get it. The price recovered back to HK$17.20 to 17.30 range. I also key in to buy SMIC at HK$0.78 for 100 lots. That was about 11.15am so I went down to feed the fishes. By the time I got home again...at 12.05pm, I noticed that my 300 shares of Tencent was "stopped out" at HK$162.00...."swee swee" and it bounced back after that. I also kena bought in for SMIC and the price was dropping too. Again key-in to buy at HK$0.76....also kena and it went as low as 75cts...shit! right before my eyes!
At that time....my portfolio was showing a minus of over 1.5K, I was like "WTF" lei.
So after 12:30pm, I went to sleep. Luckily when I slept up at 3.45pm, the HK market went up further and SMIC has recovered back to HK$0.79. BTW I had 300 lots at ave of HK$0.78. My 100 lots of Global Bio-Chem also show a small gain closing at HK$2.04
( my ave cost is HK$2.046 ). Alibaba also closed at HK$17.24 for a small gain for me.
I have confident for SMIC as the chip stocks are showing gains in US, Korean and Jap market according to the CNBC reports. In fact...I also "Q" at HK$0.75 but didn't get any at that price. I aim to vest up to 500 lots....or more. Yeah....agreed it is a risky move to over-position my portfolio on one or two counters. I have thought about how to recover the 40+% loss but cannot come up with a good idea unless I "focus" on a couple of right stocks and go almost all out on them.
Forex - didn't do much this week.
4D - same thing....fat zero!
Got a replacement car just now....and I drove it to work. MAN!!! it is older than my daughter hehe and the oldest car that I ever drove till now. POWER....a Toyota Corona 2 lit. Frankly it is fun to drive....as it drives liked the SMRT no 852 bone-shaking bus hehe. The 1st time, I started the car...I was like "POWER" as silent one but the "hazard light" was on. So when the mechanic came to check with me, I asked him about the "hazard light"....then he told me why I didn't start the engine. I was like...WHAT??? there was sound coming for the car...he then told me that was from the fan. He then show me how to start the car....WAH LAU! and it fired up sounding like a SMRT bus. Btw it also drank the petrol...noticed it was showing 1/4 tank but by the time I got to my office it was near empty. OMG!!! that was from Sin Ming to AMK Ave 5 and it shows about 12 kms as I went to Sing Siong to buy bread to feed the fishes.
Guessed...after getting burnt by the stock and forex market and with what are happening at the moment. Best to lay low and count my blessing for now....and prepare myself for whatever is happening and the future!
Wednesday, March 17, 2010
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About Me
- wINtoTo N aLSo 4D...yEAh!
- tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.
3 comments:
funding showing 27.4K down from last week 29.7K. That is why I said the market is like dancing the cha cha...sighed!
there was a couple of mistake I made for my trading. I was so tired that I key-in wrongly and push to buy higher than I wanted to for SMIC.
then...for putting my 'stop-loss' at level where it really kena "stopped out". Twice for Zijin Mining and Tencent. For Zijin Mining it when back up by 35cts or 5% while for Tencent by 2% or HK$1.5K for me. Both of them cost me about HK$18K for yesterday and today.
my own car...maybe ready on 2 to 3 weeks' time.
went down to the workshop...saw it without the front and back.
also saw that the under-carriage is still not straighten. that is a big job....the rest just minor ones!
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