Categories
Investment Stock Market

Think Positive – Part II

7/31/2014

My patience and positivity seem to pay off. After availing the stock rights offered by Manila Mining Corporation (MA) on June 16, almost 20% was added to my MA shares of stock. It was only one fifth (1/5) of my total MA shares but it made a huge impact on my portfolio because I bought the stock rights at a much lower price. From almost 10% paper loss, it went down to less than 2% when the additional shares officially showed up on my portfolio on July 1.

As what I’ve shared on my previous article Think Positive – Part I, MA has been down since May. And I got used to it. Sabi ko nga sa sarili ko, manhid na ko. But two months after seeing the consistent double digit loss percentage, for the very first time, MA showed up with an amazing 8.51% gain!

And seeing positive 23% day change the second day after I got my stock rights for MA was absolutely phenomenal. I could feel my ears clapping in joy and excitement. (OA lang 🙂 )

MA has been green since then until the last few trading days of July when it slowly moved down again. Today is the 31st of July and as I write this, I took a peek at my portfolio and saw MA showing red numbers again. 🙁

Could it be that it’s ghost month? (I’ll tell you more about this on my next post.)

 

This is how stock market works. Just like the roller coaster, sometimes it’s high sometimes it’s low. You try to follow the ‘buy low sell high’ strategy but it doesn’t always happen that way. Sometimes you have to hold on to it, pause for a little while and come back later. Truly, patience is the key. And I’m staying positive on MA.

Categories
Investment Stock Market

Think Positive – Part I

6/24/14

What a great day to wake up in the morning, celebrating my husband’s birthday and morning play time with Macey. Not only that, my portfolio looks better today. From 25% to 18% loss last week, now it’s down to 12%. Wow! I haven’t seen this in a while. I’m overwhelmed with the movement. It looks strange to me but I like it. Who isn’t?

My initial goal was to be an intra-day trader – to buy and sell a stock within the day with a profit. I did that a couple of times. But trading days aren’t always the same. There are days when I’m lucky that I get good returns. But there are also days when the stocks go down suddenly and stayed down for a couple of days, weeks, or even months. And that’s what happened to some of my stocks in my portfolio. I bought a stock when it was volatile. Then the market went down. It continued to move down until it stayed there for a while.

MA (Manila Mining Corporation) is one of the stocks that I have on my portfolio. 50% of my portfolio comes from this stock. I bought this stock when I was on my first week in trading. And even if had a little background in stock market, I wasn’t confident with what I was doing. As I was watching the movement of its price, I thought that it was a good buy. So I bought it using half of my total trading capital. What a risk-taker, am I not?

Few days later, the price went up and got a paper gain of about 5-10%. I was very excited to sell it but it seemed like the stock was going to move even higher. So I held it for the time being. Then I went to the province with my family for our 2-week vacation. When I got back, whew! 25% paper loss!

It’s been down since then. So the initial goal of being a short-term trader suddenly became a long-term investor. I was stuck. I had no choice, unless it’s okay for me to sell this stock at a loss. So I held it for the meantime. I even added more when they offered stocks rights. I guess losing is really a part of learning.

This week, this stock started to move again. It’s crawling but I’m positive that’s it’s getting there, slowly but surely. So I’m holding on to this stock for now. I will just consider this as a long term investment. But if it reaches maybe around 20% gain, then that might be the time that I will finally let go of this.

Click to read Think Positive – Part II

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