Applying what I have learned

The long weekend gave me more time to study. I was looking at all the stock charts (c/o COLFinancial) of my watch list and ALI + MPI caught my attention. (Please take note that I am a beginner and my watch list consists of names related to blue chips) For Fundamentals, I just look at COLFin’s Investment Guide which says ALI=BUY, MPI=HOLD. On their Technicals, ALI and MPI are both SELL. My own Technical assessment will be provided by the picture that convinced me to BUY both. (If I am wrong/or you want to add analysis, feel free to comment)

Fig. 1 ALI Stock Chart courtesy of COLFinancial

Fig. 2 MPI Stock Chart courtesy of COLFinancial

So I bought ALI = 29.00 and MPI = 5.18. At closing, my portfolio looks like this: (both gain)

Fig. 3 My Portfolio snapshot (Aug. 12) courtesy of COLFinancial

Lessons:

1. Apply what you have learned
2. Have a journal
3. Granite cannot form its euhedral crystals unless subjected to a slow rate of cooling. In trading, it takes time and patience for a trader to grow.