Back to HK Stocks

Having had a year of learning in forex, I finally lost a substantial amount of my initial investment ($600).

Having experienced the risks (and returns) involved in forex trading, I think a safer bet would be to stay in the stock market  instead.

Having learnt valuable lessons in forex, I believe trading markets would be an easier but slower platform to earn money.

Back to my HK market :)

Bought - KWG Property (1813.hk)

This is what happens when you buy a stock immediately after ex-dividend day: You take the gap down at the highest price and ride it all the way down... :(

Results of my first foray into stocks trading - Pass *sort of*

After the minor debacle with Milan Station (1150.hk), I decided that it was a good time to take stock of what I've learnt so far over the last 2 months.

As such, my remaining open position with Shifang (1831.hk) was closed with a loss of HKD$26 and the total profit/loss was calculated.

Having started my first trade with Jimei (1159.hk) on 9 Mar and ending with Shifang on 29 April, I conducted a total of 13 trades (buy and sell) on 11 different stocks and had a nett profit of HKD$946.

While this is not a very big amount (when converted into SGD, it's about $167), but when compared with my initial capital of $3K, this gives me an ROI of 5.65%.

I've also just completed my prototype stock trading and evaluation system and will be testing it out in the next phase of my trading journey.

Stay tuned :)

Sold - Milan Station (1150.hk)

The bloodbath started as soon as the suspension was lifted...

Apparently, the controlling shareholder and the chairman of the company has placed at least 280 million shares and up to 375 million shares (which represents all his shares), representing 41.33% and 55.43% of the share capital of the company.

Consideration was $1 per share (Share was trading around 1.23 when it got suspended).

I nearly didn't want to put in my stop loss level but decided to do so half an hour before the market opened this morning. So, I got stopped out at a "better" price ($1.08), but still at a loss.

This trade reminds of my very first trade with Jimei (1159.hk) bought on 9 March just when I started this blog.

Total damage = ($1.16 - 1.08 x 2000 shares) = HKD$178.

Sold - Jiangnan Group (1366.hk) and Haichang Holdings (2255.hk)

Taking two small losses today as I just realised that both shares were trading in a symmetrical pattern.

Bought 2K of Jiangnan Group (1366.hk) at $1.35 on 14 April, sold on 27 April at $1.32. Loss of HK$79.76 (3%).

With almost $27M in OBV and the share trading in a symmetrical pattern, I anticipate that the price for Haichang (2255.hk) will be going down. So rather than take it when my stop loss level is reached, I decided to just take a small loss and exit now until a breakout occurs.

Bought 1K of Haichang Holdings (2255.hk) at $1.65 on 18 April, sold on 27 April at $1.63. Loss of HK$32.45 (2%).

Sold - Ozner (2014.hk) and China Sanjiang (2198.hk)

Got stopped out at $1.34 for 3K Ozner (2014.hk) shares (2+1 pyramid) today.

Profit of $139.26 (3.6%). I think I had tightened my stop loss levels a little too tight.

Sold 1K China Sanjiang (2198.hk) shares @ $1.42 as I thought MACD levels were heading south.

Yet, today's trading opened at $1.37 and hit a high of $1.55 before closing at $1.49 :( Bummer.