Investment in stocks is never easy and we need great discipline once we install our strategy. I for one was never a discipline man.
Several months ago, I used my CPF money to buy HG Metal at 0.12 and last Friday I bought CapitaMall Asia at 1.56. I am suffering paper loss now. So I need to do more "cleanup" for my portfolio. Since I am in Steel industry, I am in no hurry to get rid of HG Metal.
CapitalMall Asia was at all time low last Friday and I just could not resist not to buy. Today, 14/06/2011, it dropped to 1.44 and bounced back at 1.5 which is a good sign. Yesterday, I should have sold it because it gap down in a long term down trend which signal further downward. But I refused to sell and suffer loss. I mean it's CapitaMall Asia. I was never good in technical analysis neither I am good in fundamental analysis. That's why I used a simple strategy to build my portfolio. Sadly, I don't follow it.
Due to my stubbornness not to sell CapitaAsia, I was forced to sell off K-Green, Lippo-Maple, and Sabana which I bought recently at 0.905 in order to reduce my exposure in shares as STI is in downtrend mode. According to my previous blog, K-Green and Lippo-Maple is in my get rid of list and Sabana is not in my buying list. Well, that's good in a sense. Ha.
By the way, I got rid of Fraser Commercial at 0.8 last month. I'll update my table when I find the time. I have suffer loss by getting rid of all these stocks. My plan was to wait till August when these stocks declare dividend to reduce my losses. Oh, well.
