$EW - In Loss, Cut It (ILCI)
East-West Banking Corporation
Nalugi!
Total Losses: -38.34%
"ARRGGH!" :(
(Click to enlarge)
It's no longer my intention to sell this stock at the time but something strange happened with BPITrade wherein many investors and traders were forced to change password due to a system glitch "kuno" but still unable to login for long hours with our open orders and positions got hijacked and/or executed on that unforgettable day.
Ledger
| Logs | Plays | Positions | %P/L |
|---|---|---|---|
| 1) | IPO, IIWYK | 5.5k@19.76, 05/2012 | -22.57% @15.30, 05/2016 |
| 2) | Harakiri | 10.5k@36.70, 05/2013 | -58.31%@15.30, 05/2016 |
| 3) | PCA | 3.7k@26.80, 08/2013 | -42.91%@15.30, 05/2016 |
| 4) | PCA | 10k@14.38, 02/2016 | +6.40%@15.30, 05/2016 |
1) IPO + IIWYK
Initial Public Offering + Invest In What You Know
It's clear on the ledger above that I made a golden entry price with this stock. I've known this company since my first mortgage was provided by them without any hoopla for my first and only H&L property back in 1995. I'm so attached to this company as I managed to fully paid my mortgage earlier than my 60 months contract without any single issues such as early repayment penalty up to the house key turn over. So when I heard about the news for its intention to go public, I jumped in the IPO bandwagon without any hesitation and got it at the right price following my usual 10% rule with my Puhunan.
2) Harakiri
Then I don't know why after a year of holding it I bought more at its peak instead of selling and profiting from that setup which is now I learned as a Super Play (SP) position at the time. I'm sure I didn't bother to look at the chart to investigate its price level. I can't really remember why I did that fatal mistake but surely I remember that I reinvested the profits I made with $DAVIN (a Bagger, yes!) at the time. Also I remember knowing Aya Laraya first time as I got hooked with his Pesos and Sense program which I watched all its episodes in YouTube then read/watched almost all of his Power Point presentation on his website wherein PCA seemed to make sense ("ARRGGH!") - I'm not blaming him! - it's solely and entirely Puhunan's fault!
I call it now as Juan Tamad Investor Play (JTIP) for silly Investor like Puhunan!
It's a MPB Play that turned out to be a total disaster!
A Harakiri play indeed!
2) Harakiri
Got Peso Cost Averaging (PCA) Wrong!
Then I don't know why after a year of holding it I bought more at its peak instead of selling and profiting from that setup which is now I learned as a Super Play (SP) position at the time. I'm sure I didn't bother to look at the chart to investigate its price level. I can't really remember why I did that fatal mistake but surely I remember that I reinvested the profits I made with $DAVIN (a Bagger, yes!) at the time. Also I remember knowing Aya Laraya first time as I got hooked with his Pesos and Sense program which I watched all its episodes in YouTube then read/watched almost all of his Power Point presentation on his website wherein PCA seemed to make sense ("ARRGGH!") - I'm not blaming him! - it's solely and entirely Puhunan's fault!I call it now as Juan Tamad Investor Play (JTIP) for silly Investor like Puhunan!
It's a MPB Play that turned out to be a total disaster!
A Harakiri play indeed!
3-4) PCA
Got It Totally Wrong!
I totally violated my 10% rule here because Manny Pacquiao entered the scene as the major celebrity endorser of this bank. At the time I thought what more to doubt with the potential of this company? Sadly, that's all I know in making decision to invest - simply Buy/Hold through PCA + IIWYK Plays - all News, no Chart, no TA!
Realisation
|
5) ILCI
The Puhunan Savior!
Though $EW's monthly price direction is technically bullish,
I've now accepted it as a BIG LOSS!
What happened with BPITrade at the time might be a good Divine intervention.
I've now accepted it as a BIG LOSS!
but definitely gained a BIG LESSON from it.
What happened with BPITrade at the time might be a good Divine intervention.As it's never been green like this ever before!
So no more regrets!
Still IPO, IIWYK and/or JTIP-PCA Plays?
Certainly not!
It's ICWT!
In Charts, We Trust!
Indeed!
| Disclaimer: All information and insights posted here are based on Puhunan's learning experience as a newly converted TRADER with real stocks open and/or closed positions. This is not a recommendation or to hype any similar stocks but simply a trading journal for purposes of having the ability to access and review it online anywhere anytime. Puhunan takes no responsibilities to any losses you may incur by blindly following or copying any positions, strategies and/or practices you may find useful here. |
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