Week 20 - Series of Losses

Before Monday of May 15, 2017. My port looks like this:

MWIDE Position - Started buying since April 7, 2017

But wait. Just to let you know, I just came from my winning trades last April: MRC and MCP. 

So I guess I'm a bit euphoric for May.

Going back...

Ive been accumulating MWIDE since April 2017, my conviction was AOTS and I am rooting for its ATH setup. My trade objective for MWIDE is TF (trend follow). I bought MWIDE on #1 (previous ATH attempt) and #2 near MA20 trail. See chart below for reference:

But week 20 was not good trading week for me. 

I just encountered series of losing trades. I sold MWIDE Monday that day.

Average selling price: 19.086, roughly just 2.8% gain

Why sell MWIDE? I was being impulsive. I said I'm going to TF MWIDE, but didn't followed my plan. I sold it just to enter other stocks.

"Ah. Mabagal kasi.." My mind told me. 

I studied ACR and PA during that weekend. I decided to switch trades and entered them both on Monday. 

But of course I just sold them next day with a loss. 

ACR trade: -5.3% loss

PA trade: -5.8% loss

Not just that, I also entered 2 more trades. In addition to the losing trades that week. 😏

BHI trade: -3.4% loss

BEL trade: -1.7% loss

The gains I took from my MCP and MRC April trades just vanished.

I just realized the root cause of these are:

Superman syndrome and makabawi syndrome.

Both deadly. 

Next time around, I must avoid these. Much better to Purge myself and get back to the market once my mind is neutral.

Week 20 - Start of the Week

So I have this custom tab page on my Google Chrome:  Momentum - Chrome Extension 

It personally focuses on productivity. It will greet you automatically every new tab (yes, my name here is hidden of course), it shows you inspiring photos and words to live by. You can even write your to-do's, great to write some rules in trading or even few stocks to watch.

Here's a snapshot, with the quote:

Reminds me that I am on track 👊

Week 19 - No trading activity

Not much trading activity this week. I was on a work travel somewhere. 
Just had to monitor my stocks using my mobile.

Then this morning I came across with M' Nikki Yu (Faceless Trader), one of successful traders that I follow.

Talk about the power of Habit.

While on the plane, I was thinking. Yes, someday..

Back to charting this weekend, pre-planning for next week and mid-month of May 2017.

Shaded ports, end of week 19:

COL port 1

COL port 2

FMS port

More to follow

Week 19 (Mon) - Another Loss

Another error. Bought AR last week Thursday May 4 and sold yesterday. 

This was not planned at all (again). AR was not even on my watchlist. I just saw AR active in the morning. Upon checking the chart, I was convinced from a ZS plus a box breakout at 0.0035 to 0.0037 area. I was Looking for a possible breakout this week but yesterday was not a good close, well for me.

Had to cut. Guess I don't have enough patience holding sleeper plays. 

Will focus on my current holding instead.

On to the next one.

AR trade -6.46% loss

AR buy and sell transaction

Week 18 - Mistakes I Knew I Was Making

First of all, I have a day job. And while working, my broker is always open. I have my Amibroker as my charting software, and Google Chrome for my brokers: COL Financial & FirstMetroSec. At work, I monitor the market silently. No one knows I am doing this. 

Meet my two friends: ALT and TAB 😉

It's hard to do it simultaneously: stocks trading and doing full-time work from 8am to 6pm, Mon to Fri. My focus is divided into two. Sometimes, I really get distracted whenever my trades are not in my favor. 

So anyway, here are my trades for this week, buena-mano for the month May.

[May 2, Tues]

After my successful trade of MRC last April, I decided to give it another shot. Tuesday of May 2, I entered MRC. Conviction was consolidation at highs and near 0.480 breakout point.

MRC - 05/02/2017 closed at 0.455 up +8.3%

MRC AEP 0.450 

[May 3, Wed]

Mining sector was uptick last Wednesday, May 3. After market recess, I noticed some mining names were active. They were all green running across the ticker. I quickly made a watchlist of some mining names I know:

TAKE NOTE: MINING STOCKS WEREN'T EVEN ON MY WATCHLIST

[Between 1:30pm to 2:00pm, Wed]

I checked the charts right away, they were beautiful. Breakout candles forming everywhere. "This is amazing." I told myself, "I must not miss this move. I must ride this swing and I have to get in early. Tomorrow will be good, end of this week will be a different story."

LC, MARC and NIKL were the first to fly away. All were green, all were up +3%, +5% and even 10%+. So I said, Yeah, this is it. I should enter some mining stocks right now. 

[At 1:55 pm]

LC was 0.219 up +15.3%

MARC was 2.2 up +11.7%

NIKL was 6.98 up +5.1%

Out of 6 stocks I'm watching, I was choosing between 4 stocks: NIKL, MARC, FNI and APX. I did not entered NIKL and MARC, bec they flew already. MARC went up +11% that time. As for APX, the setup was impressive, it came from a downtrend and the bullish divergence was a great conviction.

APX was 1.66 up +4.4%

...but I hesitated. 

So I was left with FNI. 

FNI was 2.89 up +5.9%

I entered FNI instead. Seeing it breached 2.86, I bought 2 tranches at 2.93 and 2.94 around 2pm.

FNI AEP 2.935

On the other hand, I sold my MRC because it went below my entry level.

MRC selling price 0.445. Roughly around -1.1% loss.
But I said, hey, I bought the breakout of FNI! Just switched to winners!

So I went back to work after buying FNI and selling MRC. Got myself busy, and little did I know, this happened...

FNI just broke down

[At 3:00 pm]

I checked FNI, breakout wasn't successful. Too bad for me. I noticed the asking side was getting bigger. "Where did the buyers go?" The selling pressure continued, so I decided before the run-off.

I had to cut immediately. 

There you go. FNI selling price 2.77

And yep, that's around -5.6% loss incurred for the FNI trade. 

As you see, these are losing trades. These trades are not well-planned at all. 

For my MRC trade, I assumed that the next high will be broken immediately, doing another monster run. But didn't happened. 

As for my FNI trade, I am assuming the breakout will hold and continue the next day. But that didn't happened as well.

Looking back at these trades, these are the mistakes I kept on doing. Executing trades just because the stock went high and being afraid of getting left out. I was buying at the highs and selling at the breakdown. Most of my errors were impulsive trades, taking unplanned steps again & again, ending up OVER-TRADING.

Fear of missing out (FOMO) and unplanned trades can lead to failure.

I hope this will be instilled in my system. I hope someday I will learn to avoid my repetitive mistakes and just follow what's on the plan. 

More to follow. 

Nebula

Greetings Universe and to my fellow traders, 

I am North Star. 

I'm a stock market trader in the Philippines. I'm not a pro-trader, neither yet a profitable one. I still came from a huge loss (lost more than half of my equity) and now trying all I can to learn from the mistakes that I made (and will be making). I trade stocks part-time, I have a full-time job but I treat trading with a full-time approach. 

Today, I will write about my adventure / journey trading the PSE. My sole objective for writing this blog is to find clarity in my trading, get to know more about myself as a trader and the overall market. I believe that in some distant future, with all the required efforts and hardwork, I will reach my tipping point and that the universe would balance the forces upon me: creating a new trader in me. 

This blog has already been outdated. I made this page sometime Aug 2016: the start of 2016 bear market. It just so happened that I was lost during that phase, I didn't know what to do and I was out of focus. I never stopped studying since then. I continued to trade and journal every move I made. 

Now that the PSE index is somewhat 'recovering' from its 2016 lows, I guess it's time for me to recover as well. All the negative forces that I took from the market, all the elements squeezed under pressure within me, made that reaction to begin anew. 

Nebula
A cold cloud of gas and dust in the outer space.
These are areas where stars are born.

I guess in the galaxy of stock market, this is where I was formed.