Here's my portfolio in the PSE-AT Trading Game:



Majority of my position in AP are at 29.85 so I tried to squeeze in more shares as much as possible. Today's action was the confirmation for the buy signal I was having the past 2 days.

AT had a DMI buy signal today so I used the proceeds from DMC and MEG. Sold both for small losses.

I also added CMT today from the remaining cash from DMC and MEG.

The other stocks are the ones I bought before(2nd-3rd week of March).

Nakaka-2% na ako!

Trading Frequency- 35!

Let's hope that today's gain is not superficial as majority of the gains for today came from TEL and GLO.

Somebody has already made 300% on the PSE game early this morning but his/her "paper profit" is not cut back to 200%. What could you possibly holding to gain 200-300% in a little less than a month? If you can do that in a relatively average month, imagine what you can do on a fully developed bull run! 1000% in less than a month?! Ignore than, anybody can make money in bull runs.

Just imagine if you can consistently gain 200-300% a month, you wouldn't be joining a 70k tournament.


This is what I have in my port in the tournament bought on the 2nd week of March:

AP
29.85
28.95
50,000
1,447,500.00
-45,000.00

BDO
48.90
50.80
35,000
1,778,000.00
66,500.00

DMC
38.85
37.85
44,000
1,665,400.00
-44,000.00

ICT
42.00
41.50
23,800
987,700.00
-11,900.00

JGS
18.98
25.30
10,000
253,000.00
63,200.00

MA
0.031
0.031
4,900,000
151,900.00
0.00

MEG
2.17
2.06
70,000
144,200.00
-7,700.00

MER
226.80
251.40
8,000
2,011,200.00
196,800.00

PX
14.16
14.84
100,000
1,484,000.00
68,000.00

Too bad I got lazy to log in to sell ICT and buy more JGS before. Port is up by around 1%!

Hey folks, I am still not trading lately although I am still monitoring the market. I still believe I am not fit to trade as of the moment. Anyway, please do visit dimsumtrader.wordpress.com if you really want to learn more about how to trade etc as she shares alot of informational stuff. It's not a place to go if you're simply looking for a "hot tip" though.

AEV AGI AP LPZ LC FGEN

I happen to stumble upon the Facebook account of Absolute Trader's Absolute Online stock market challenge and my God, people need to chill the F out. It's just a game. I joined the game and I have only got to start playing the game last Thursday when the market was up by more than 1%. What was I suppose to buy that day? Haha. Anyway, I am just still applying trading ideas(new and old) so I don't really mind whether get included in the rankings. Anyway, there's a loophole in the tournament rules naman so expect it to get abused :))

Also, it's a bonus if I get to win the tournament right? Haha! You are sure to lose the game if you're a trend rider though.

My Aunt is already giving up on the stock market. I think we are bound for a reversal now. A shallow correction before we head back up perhaps?

Scatter shot!

The index today closed somehow flat, losing a mere 10 points in comparison to other Asian markets losing more than 2%. Value turnover is average with another 200M worth of foreign selling.

The superstar of yesterday, AEV, continued to be the main drag of the index, losing another 3.22%. Joining the fray are PNB -3.26%, RFM -3.03%, and SECB -2.94%. Other losers with heavy volume are LND and CYBR losing 4.15% and 3.95% respectively.

Setting the balance off the losers are TEL +1.59%, MA and MAB with 9.38% and 6.06% respectively, Lopez stocks coming back to life led by LPZ +5.51% and FPH +4.59, MWC +4.07% after getting sold down the other day, followed by SMDC +3.26% and SMPH 2.94%.

If anyone has noticed, gainers and losers are pretty much still scattered, which leads me to the conclusion that the market is experiencing rotational trading. I believe that being said, buying and holding, even trending stocks, is still not the way to go.

With that being said, I would be writing less for the moment and trade more. I would be using the 3 short-term trading methods that I have been testing and refining for the past few months plus the doji setup.

Oil is back again to the 100 levels, a flag/pennant is forming on the daily chart suggesting a huge upswing in the short term. Gold has also broke slightly higher than its previous high at 1430 at 1431.

I have been not posting charts lately as I am starting to remove charting from my trading to some extent. I am still using the charts to remember the price movements as I have a terrible memory remembering actual figures. My trading decision is now mostly based on price movement.

It feels like trend following has dulled my senses. Or I am probably doing it wrong.

Good luck to all, specially to me! :))

The index closed lower from its high as profit taking in AEV pulled the index down. However, the spike in AEV caused most of the issues to rally today, negating the correction of AEV which left the market with 17 points.

Gainers for today is led by LND with massive volume, gaining 12.87% followed by PAX +11.32%, CEB +10.13%, ORE +8.61%, VLL +8.26%, ICT +6.73%, JFC +5.51%, PX +4.08% and MEG +3.88%.

Losers for today is led by AEV -7.45%, MA -5.88%, MAB -2.94% and NIKL -2.40%.

Best case scenario for AEV is to form a flag/pennant pattern.

The guy from ASIASEC, buying up at the close from last week, decided to sell at the close at 20.35. Buying up the stock to 20.90/20.80 and then selling at 20.35? This doesn't makes sense to me.

Going to trade actively now. Just waiting again for trading setups to appear. Hopefully, the market reaches 3900 levels before heading back down to confirm the sideways bias.