Capital Preservation Mode
It turned out that November is an active month. I have previously shared with you my bearish view on STI and the fact that i would have cut my positions inCache, Suntec and STXOSV some time back. It turned out that i should have "stuck" to my initial instincts. With the benefit of hindsight, the decision to switch from Starhub to STXOSV and M1 turned out to be a foolish one as it created more volatility to my portfolio without adding value and created a loss.
Today i am in a capital preservation mode and decided to liquidate my positions in SRS for the 3 stocks this morning. Not too sure if it will be a good or lousy decision but i had no time to watch the market. I may progressively cut my remaining positions should my 'trailing' stops be triggered. The only problem with this strategy is that i may forget to buy back the counters ...
Cache Logistics
STXOSV
Suntec
Today i am in a capital preservation mode and decided to liquidate my positions in SRS for the 3 stocks this morning. Not too sure if it will be a good or lousy decision but i had no time to watch the market. I may progressively cut my remaining positions should my 'trailing' stops be triggered. The only problem with this strategy is that i may forget to buy back the counters ...
Cache Logistics
STXOSV
Suntec
Your idea of having stop loss and buying back lower is good. I am using Citi trading platform to set auto stop loss. Will try to see if can also auto set to monitor and buy when price is lower. If then, can fully automate even if too busy to keep track.
ReplyDeleteI also user Saxo which can definitely do this but for Saxo, a bit of risk is share not held in CDP (MF Global type of risk).
That is probably over the years i have learned the personality i have. I dont like to hold stocks in a down market as my brains cant function properly. I can see some interesting Sti stocks reaching good support levels.
ReplyDeleteDo share with us your positions when u buy them :)