Goodbye KeppelCorp, Hello ST Engineering - Don't Ever Fear Change
So, I mixed up my portfolio yesterday.
Two things I've learned from my foray into investments: there is no need to fear change, and never to fall in love with a stock. Honestly speaking, the easier it is for you to let go of your stocks when you realize that better opportunities are out there, the better off you are.
There's nothing wrong with adapting to the market or the situation if you think it necessary. I've had the misfortune of seeing friends lose thousands because they hung onto to a stock, always believing that the price would turn around.
Trust me, it's not a pretty sight.
I was really swamped with work and didn't manage to check the market until about 2 or 3 in the afternoon. I noticed that KeppelCorp had fallen to 5.90+. I noticed that some other stocks had also dropped in price. Keppel's price is still rather volatile, in my opinion, and I may get the opportunity to buy it back at a lower price some time soon. Nonetheless, I thought I'd take some profit and trade out a volatile stock for a more stable one. In the end, I made a few hundred by getting out at 5.92, representing a rough 13% in profit.
Enter ST Engineering.
As mentioned in my previous post, I've had my eye on ST Engineering for a while now. Yesterday, I saw the price drop closer to 3.0. I believe that ST Engineering is a pretty stable blue-chip, so I bit the bullet and picked up some shares.
I'll be watching the market over the next two days (not easy when you're busy at work, I know, but I'll do my best. I know you guys have the same problem). I know Keppel closed at 6.0 again today, and I missed the chance to buy it back at 5.50 or 5.60. Nonetheless, I'll be trying my best to watch it tomorrow, to see if I can get some trading done.
Current Holdings:
Two things I've learned from my foray into investments: there is no need to fear change, and never to fall in love with a stock. Honestly speaking, the easier it is for you to let go of your stocks when you realize that better opportunities are out there, the better off you are.
There's nothing wrong with adapting to the market or the situation if you think it necessary. I've had the misfortune of seeing friends lose thousands because they hung onto to a stock, always believing that the price would turn around.
Never fall in love with a stock. It's more dangerous than investing in the riskiest stock out there.
Trust me, it's not a pretty sight.
-%-%-
I was really swamped with work and didn't manage to check the market until about 2 or 3 in the afternoon. I noticed that KeppelCorp had fallen to 5.90+. I noticed that some other stocks had also dropped in price. Keppel's price is still rather volatile, in my opinion, and I may get the opportunity to buy it back at a lower price some time soon. Nonetheless, I thought I'd take some profit and trade out a volatile stock for a more stable one. In the end, I made a few hundred by getting out at 5.92, representing a rough 13% in profit.
Enter ST Engineering.
As mentioned in my previous post, I've had my eye on ST Engineering for a while now. Yesterday, I saw the price drop closer to 3.0. I believe that ST Engineering is a pretty stable blue-chip, so I bit the bullet and picked up some shares.
I'll be watching the market over the next two days (not easy when you're busy at work, I know, but I'll do my best. I know you guys have the same problem). I know Keppel closed at 6.0 again today, and I missed the chance to buy it back at 5.50 or 5.60. Nonetheless, I'll be trying my best to watch it tomorrow, to see if I can get some trading done.
-%-%-
In other news: Still in the money for all my counters, even my latest addition - ST Engineering. Still satisfied so far, and I'm hoping for more good news.
Current Holdings:
Name
|
Shares
|
Price
|
|
1.
|
SPH
|
2,000
|
3.58
|
2.
|
Singtel
|
1,000
|
3.49
|
3.
|
ST Engineer
|
1,000
|
3.03
|
Thanks for reading, you guys.
Until next time.
Creed
Until next time.
Creed
Hi Creed
ReplyDeleteSeems a lot of focus on the price there and there's a lot of "i believe" and such which doesnt sound conviction.
Are you trading or are you planning to hold this for the long term? If its the latter, perhaps you can write about why you vhose the counter and what is so good about it? I think that will help articulate the thoughts better than seemingly focused on price movement.
Hi B
DeleteThank you for your comment! I am planning to hold for long term, but I don't mind trading to pick up other counters if I think the price is worth it to do so. I'll try to be more detailed in my posts.
Thanks for dropping by!