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| Fig. 1 URC Stock Chart courtesy of COLFinancial |
I sold URC at 120 which is 1.53% gain. I could have sold it when it was at 123 but greed set in. I continued waiting for it to go up again but the Fed Tapering and Typhoon Yolanda issues battered the whole stock market. I did not averaged down as I allotted it to my long term chips. Come New Year, the market was slowly creeping up but it was not enough as I was still on paper loss. I saw an opportunity when it reached at 120 and saw a big green candle. It was overbought already as per STS and DMI was pointing down. Technical indicators really helped but another thing that convinced me was the Consumer Outlook done by COLFinancial.
URC is already unattractive, only buy below 101/sh. Although minimal gains, profit is profit and it is better to put the money on a faster horse. :) But still, thank you URC.
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| Fig. 2 LTG Stock Chart courtesy of COLFinancial |
I sold LTG at 17.20 which is 4.45%. This is my 3rd time with LTG (all gains) and this trade was my biggest so far. When I bought it, indicators suggest a reversal soon, however due to Fed Tapering and typhoon Yolanda, the whole market was battered. It was until last week where market was trading around 5,900 barely breaking the 6000th mark, LTG showed signs of life. Then last Friday, I just placed my sell order waiting to be hit.
Now, LTG is overbought and obviously, traders will take profits. I will watch first on the sidelines until a confirmed break through at 6,000 or yet another pullback to avoid any emotional entry rather make it a wise one. Thank you, LTG.
These are my first trades of the year and hopefully will get better everytime. Target for the year is 10-15% gain :)
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