December 1, 2010

Trading At Below 4000 Level

Santa Wows
How can I trade aggressively in a market that is on a downtrend? I was 65% cash yesterday with a lot of stocks falling by as much as 5% like AGI. Under normal circumstances, I could have invested all my cash and even availed of the Citiseconline margin scheme but no, I was a little bit afraid, too, of investing in this kind of a market. Si Captain Blackspider may takot din pala kahit paano, hahaha.

But then, after I was whipsawed midmorning in AP and sold all (with minimum profit) and was, therefore, 100% cash at that particular moment, an urge was felt (no, not because of Miss Santa Wows here). It was an urge to buy.

After looking at the charts of MER, I thought I will buy some and so I did. And then, I saw AGI going down by as much as 5%...AGI, my beloved AGI, partner in so many profits...how can I say no to AGI. I plunged, head first and bought a lot using the proceeds of the AP sell.

That was yesterday. Today, I saw my AGI gaining 3.75%. MER lost by 2.7 kesos. Towards the end of the session today, I bought back DMC at 32 (bottom price). Because of that last buy, I have used up again my COL buying power, 99.99%. Ang tigas ng ulo ko. Sorry, Bubbles!

I have moved out my free cash and is now safe in my BPI account. Only 2/3 of the original investment is in COL. I intend to play that entire amount whether the market is on a downtrend or uptrend. A soldier's place is in the battlefield. Blackspider's place is in the stockmarket, patay kung patay, hahaha!

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