I went back to trading (yes, I did it again) but let me explain (my excuses)...
Suntec REIT
On 11/7/18 I sold 17K (following FIFO accounting, or its troublesome to edit on my spreadsheet), basically it fell to a low of $1.80 turning MACD-Histogram red in mid day & I felt it may be turning down (over focus on short-term, daily & missed out the longer term weekly). I also kinda felt that Interest rate rise should probably affect this counter negatively, which turned out true as its DPU dropped slightly though mainly due to more units outstanding.
On 16/7/18, I sold the rest of stakes 20K units as price set to close at $1.81 with MACD-Histogram turned red at close. Well I was wrong, as MACD-Histogram continued to flip between green & red (my broker advised me to use Heikin-Ashi candlesticks but I cant wrap my head around its display on chart, I felt like the actual open & close in normal candlesticks more important).
Looking back, I should have held on even after ex-dividend as Suntec REIT definitely seem to held on to its bullish momentum & rose higher today, perhaps ready to strike new high in coming weeks.
OCBC Bank
I traded in and out of OCBC as I spotted a potential short term rally, my entry was abit early & high as my buddies went in after me at lower price, we held for a while but miss selling at the high. For OCBC, I waited until MACD-Histogram turned red then exit.
All in all, the above trades made me about $3.2K in July 18, which helped to reduce my YTD realised loss to -$4033.10, hope that I can close with a good profit or at least breakeven by end of the year.
Holdings
I am still holding on to NetLink NBN Tr and SingTel.
For NetLink NBN Tr next expected distribution is in November, business wise seem resilient, shall see if the business model is indeed hedged against interest rate rise.
For SingTel, I could have exit to breakeven, but after seeing Suntec REIT's rise, I thought the pattern resemble SingTel & decided to hold beyond ex-dividend rate until possibly next earning release.
Other thoughts - Facebook
Recently there's a tech pull back sparked by Facebook's dramatic fall, a personal idol of mine Adam Khoo shared on his analysis on Facebook both fundamentals and technicals. If you like to know more, do click on the youtube video.
Studies resume in August
My Master Studies at SUSS is officially starting this weekend, I will retreat to a hermit mode & rush with the many writing assignments & exams... Hope to write again in August if not latest in November or December as I reflect for the year if I managed to profit or breakeven & recoup my Midas' loss. Happy National Day to Singaporeans! Peace & Prosperity!!
