IndoAgri is my best performing stock in 2009, making me most money. Before the year closed, it showed great potential again! The stock rose which “I believe” was contributed partly by the rising oil price. I entered on 23 Nov 09 and exited on 15 Jan 10 which means I held on to the counter for about 2 months. I think this is the longest I have held a stock using this system. It also allowed me to add on position midway, when it broke another resistance again. A good trade afterall and hopefully it presents itself for more opportunities in 2010.
Entry: S$1.850 (1,000 shares) on 23 Nov 09
2nd Entry: S$2.180 (1,000 shares) on 29 Dec 09
Exit: S$2.350 (2,000 shares) on 15 Jan 10
Commission: S$30
Financing charges: S$11.27 (S$0.23 x 25 + S$0.46 x 12)
Profits: S$658.73
You may also like:
- UOL (long) – closed on 11 Jan 10
- OCBC (long) – closed on 7 Jan 10
- Olam (long) – closed on 10 Dec 09
- Straits Asia Resources (long) – closed on 8 Jan 10
- Ezra (long) and HK Land (Long) – closed on 22 Dec 09
- USDCHF (short) – closed on 18 Dec 09
- AUDUSD (long) – closed on 13 Jan 10
- USDCHF (short) – closed on 4 Dec 09
Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
