Open Positions
The new year started with a bang with many stocks breaking out during the first few weeks of Jan 18. This portfolio has opened more than 10 new positions as entry points were identified and also closed out partially or completely on 9 positions during the month .
Closed Positions
Some of the positions, e.g. TravelSky, PingAn Insurance, HKEx, Agriculture Bank of China (ABC), also moved rapidly into new highs with 20% - 30% gains within a relatively short span of time. While these stocks are still in very strong uptrends, such near exuberant moves may not be sustainable in the short term and in order to protect the profits, limit orders and trailing stops of 5% from last high were set for some of those stocks. Inevitably, some of these stops were triggered and profits recorded. I will still continue to look out for re-entry opportunities in these stocks in the future.
Towards the end of Jan 18, the momentum of some stocks slowed down considerably and some of the stops were triggered. Volatility is expected ahead, probable risk management is the key to ride it through.
As of 2nd Feb 18 (weekly close), this portfolio recorded a realized profits of $2.6K and unrealized profits of $6K since the initiation in 1st Dec 17. During the same period, it gained a total of 8.7% compared to 4.5% gain on the MSCI World Index.
Featured Stocks:
SGX (Resistance Breakout)
Entered on the first breakout at 6.60 (adjusted for dividend). The up move was very fast and had missed the second entry opportunity at 6.71. The stock is now consolidating and let see if there is another opportunity to enter at around the window gap.
Tencent (Uptrend)
As shared in the Facebook Group, finally found a suitable entry point on 2nd Jan 18.
This famous stock has been on a super up move for long period of time.
Have raised the stop to just below the pivot support for risk management purpose.
China Shenhua Energy (Resistance Breakout)
From Wikipedia, China Shenhua Energy Company Limited is the
largest coal mining state-owned enterprise in Mainland China, and the largest
coal mining enterprise in the world. It operates coal mines as well as an integrated
railway network and a seaport that are primarily used to transport its coal. It
also operates power plants in the PRC which are engaged in the generation and
sales of coal-based power to provincial and regional electric companies.
This stock has moved up more than 200% since hitting a low of HK$8.15 in Jan 2016, is there still room to run? We shall see.
As shared in the December 17 TA Portfolio Review, this stock has been on an uptrend move for several years and indeed it has broken out of its all time high in Jan 18.
Had shared on 11 Jan 18 during TA Portfolio interim review with the Facebook Group that due to a mini exuberance in this stock, I may set a trailing stop to protect the huge gain. The trailing stop did not take long to trigger, half of the position was closed with a profit of 20% on the next trading day.
At the last weekly close, it's TA score has also weakened considerably. To watch if the HK$24 or 50MA area can hold out.
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