Just returned from the week-long vacation early this morning. Man, I missed few good trades early this morning! I was supposed to buy CYBR on the opening today but I completely forgot about it! I already labeled it in the newspaper last week(since there's no easily accessible internet in Quezon province) but I was pretty tired with 2 hours of sleep from the trip so there, I missed the trade.
MER and MPI too! And I wasn't expecting MER to steadily climb up to 250 levels.
The only consolation for me now is there would be more trades like them in the future.
I liquidated my position in AGI today so I'll have funds for short term trading as I plan to trade more actively this year - by actively i mean to have more quality trades rather than the 2-point-profits I did before the year ended. I also feel like AGI is simply range bound in the meantime so there.
Also, as you can see, AP is still in consolidation mode although I am expecting it to finally move back up by next week~
Anyway, I'll be practicing how to day/momentum trading with the proceeds from AGI this month. However, if I find a better trade setup tomorrow, I think I'll take the old fashion trade setup first.
On the watchlist I made before the year-end, JGS and URC performed poorly specially JGS as it brokedown from its secondary trendline and now heading to the primary trendline. It could head down up to P15 and There's now certainty that it will bounce back from there(unless Mr. G buy backs another truckload of shares like what he did in URC back then).
So for now, it would be safe to assume that they are out of trend in the mean time as the weekly chart is also down.
Update on MPI chart~
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