I made 9 transactions last week and spent close to 100SGD in trading fees.
This is a record.
I have never made such frequent trades in any week of my investment journey.
Some trades have already generated gains and the others still remain to be seen.
Here are my transactions for the last week, for your reference!
Capital injection: ~90KSGD
1.BYDDY
This is my first try in the electric vehicles sector.
I have always been unclear on what is going on in the sector. And I am not a fun of the concept of Elon.
So I have been staying away.
But recent news about BYDDY spurred my interest.
So on top of electric vehicles and phone assembly (probably many people do not know this, but they assemble tons of phones), they now entered e-cigarette field with technology and production capacity. And there is rumor that Apple may be purchasing batteries from them for Apple cars.
It seems interesting and the portfolio seems diversified enough.
So I made my entry.
2.RLX
The top up is simply a response to the drop of stock price and I did not manage to control my own hand.
As a result, similar to YALA, the holding is too heavy in my portfolio.
So I might look for opportunities to let go of some of my positions. I have not seen any yet.
Worst case, I will hold it for as long as it takes.
3.AHT, MOSY, ROOT, FAMI, IVR, WPG
These are my speculative trys with small positions.
All the investment books I read ask me not to speculate.
Well, I guess I am among those people who have to try themselves before they will give up.
I will keep you guys updated on the outcome.
But if you are like me, I guess my lessons wont help prevent you from trying.
I believed the buying points had come and I make the move. It turned out I could have waited a bit more.
Anyway, below are the transactions.
Capital injection: ~43K SGD
1.YALA
I have been waiting for 18.5 buying point and it finally came. So the positions were added.
And it kept going down to below 16…haha…
So I added a bit more at 16.4.
And it all happened within 3 days…
I think the company is still solid. I still believe in its products and services and its ability to monetize them. The financial reports look good too.
The market is on the downward trend and this stock is being badly affected.
Lets see. Only time will tell.
2.TENCENT
I never planned to add positions. But the prices dipped to 75–76 range and it looked attractive.
So I added some positions. And of course, it continued to dip after my buy.
I do sometimes regret that I did not reduce my positions when the “profit-taking” started. Now I have lost all the gains and even more.
My account has been in the very RED zone recently.
For investing, the only way to learn may be actually experiencing the loss and emotional swing. Otherwise, we can read as much as we like and much of it wont make sense until we have experienced.
Two things are important during the process:
We do learn
We do not let the emotional swing affect our lives too much
After all, we invest to make money to have good lives.
My schedule finally improved. And I caught up with my sleep during the weekend. It feels good.
I cannot help but noticing that my workload last week was only a fraction of what I could handle a few years back and I felt so loaded.
Maybe I got old. Maybe I just do not believe it any more.
I still did not do any capital injection for the past week, but I plan to do so by mid of May. I do feel the possibility of another significant drop is very low.
Last Friday was the best day for me in a while. Way to go!