Dont catch falling knives!

xhunter wrote:In my previous post i said , when market increase the probability of having a market dip will also increase and we should act accordingly. 
So i thought for some members it will be valuable if i can share what i usually do (99% members , this is not important because they have build up their own strategy to address this, but for the rest this might be important ).

It is simple this is what i did. when market reached very close to 6000, that was one of action point according to my risk mitigating plan. my well planned action was liquidate 10% of my portfolio and keep cash ready.
I never saw this covid is coming or any sort of market dip. honestly i thought market will move to 6200 and then there will be a correction (that is not based on analysis, it is based on the momentum market gained in mid September) 

But i can not deviate from the original plan (because that plan was created putting lot of things in to consideration, so my emotions are not important, i should execute the plan).

here is the proof , my cash statement.
10% of my portfolio is just 4.5 mn , so you can see what i sold


Why i sold RCL?   my target price was 120 , so it came very close that is one of my pick
Why I sold dialog ? i can say the reason, it is unfair to people who invested in dialog (but dialog can be sold even for 11.60)
Why i sold SAMP? my target price was 145, but it develop negative short term momentum
Why i sold COMB? No i didn't sell it, only  small portion were sold because i needed to make it 4.5 mn

ResearchMan wrote:Any good  falling knives?

Wonderer wrote:

xhunter wrote:In my previous post i said , when market increase the probability of having a market dip will also increase and we should act accordingly. 
So i thought for some members it will be valuable if i can share what i usually do (99% members , this is not important because they have build up their own strategy to address this, but for the rest this might be important ).

It is simple this is what i did. when market reached very close to 6000, that was one of action point according to my risk mitigating plan. my well planned action was liquidate 10% of my portfolio and keep cash ready.
I never saw this covid is coming or any sort of market dip. honestly i thought market will move to 6200 and then there will be a correction (that is not based on analysis, it is based on the momentum market gained in mid September) 

But i can not deviate from the original plan (because that plan was created putting lot of things in to consideration, so my emotions are not important, i should execute the plan).

here is the proof , my cash statement.
10% of my portfolio is just 4.5 mn , so you can see what i sold


Why i sold RCL?   my target price was 120 , so it came very close that is one of my pick
Why I sold dialog ? i can say the reason, it is unfair to people who invested in dialog (but dialog can be sold even for 11.60)
Why i sold SAMP? my target price was 145, but it develop negative short term momentum
Why i sold COMB? No i didn't sell it, only  small portion were sold because i needed to make it 4.5 mn

Hi @xhunter


This was a good transparent post as well as a great advice on how to manage your portfolio and cash.
Would you be able to expand on this post and elaborate on the advice you would like to give considering the current market condition? Would you still be keeping 10% cash freely available?

Thank you.

xhunter wrote:

Wonderer wrote:

xhunter wrote:In my previous post i said , when market increase the probability of having a market dip will also increase and we should act accordingly. 
So i thought for some members it will be valuable if i can share what i usually do (99% members , this is not important because they have build up their own strategy to address this, but for the rest this might be important ).

It is simple this is what i did. when market reached very close to 6000, that was one of action point according to my risk mitigating plan. my well planned action was liquidate 10% of my portfolio and keep cash ready.
I never saw this covid is coming or any sort of market dip. honestly i thought market will move to 6200 and then there will be a correction (that is not based on analysis, it is based on the momentum market gained in mid September) 

But i can not deviate from the original plan (because that plan was created putting lot of things in to consideration, so my emotions are not important, i should execute the plan).

here is the proof , my cash statement.
10% of my portfolio is just 4.5 mn , so you can see what i sold


Why i sold RCL?   my target price was 120 , so it came very close that is one of my pick
Why I sold dialog ? i can say the reason, it is unfair to people who invested in dialog (but dialog can be sold even for 11.60)
Why i sold SAMP? my target price was 145, but it develop negative short term momentum
Why i sold COMB? No i didn't sell it, only  small portion were sold because i needed to make it 4.5 mn

Hi @xhunter


This was a good transparent post as well as a great advice on how to manage your portfolio and cash.
Would you be able to expand on this post and elaborate on the advice you would like to give considering the current market condition? Would you still be keeping 10% cash freely available?

Thank you.

yes, i had that when you asked the question, but today i utilized it and bought everything came to my direction. tomorrow also can be a red day. but it does not matter.

note: i dint see you asked this question, i saw it when this thread appeared in the top because of the post made today.
and now it is not just 4.5 m  , that 10% also grown proportional to portfolio.
i will again withdraw and fill the reserve at the next action point (this time it is not just based on ASPI, it is based on individual share prices)

100Bill wrote:Is this falling knife?

What happened if I catch the knife?

What should I do now?

Questions  this week.........

C.THARANGA wrote:Today also Cough. By end of the day every thing was green what i brought today !
Effective day for me

Kanishka_2020 wrote:

C.THARANGA wrote:Today also Cough. By end of the day every thing was green what i brought today !
Effective day for me

For me too 

Wonderer wrote:

xhunter wrote:

Wonderer wrote:

xhunter wrote:In my previous post i said , when market increase the probability of having a market dip will also increase and we should act accordingly. 
So i thought for some members it will be valuable if i can share what i usually do (99% members , this is not important because they have build up their own strategy to address this, but for the rest this might be important ).

It is simple this is what i did. when market reached very close to 6000, that was one of action point according to my risk mitigating plan. my well planned action was liquidate 10% of my portfolio and keep cash ready.
I never saw this covid is coming or any sort of market dip. honestly i thought market will move to 6200 and then there will be a correction (that is not based on analysis, it is based on the momentum market gained in mid September) 

But i can not deviate from the original plan (because that plan was created putting lot of things in to consideration, so my emotions are not important, i should execute the plan).

here is the proof , my cash statement.
10% of my portfolio is just 4.5 mn , so you can see what i sold


Why i sold RCL?   my target price was 120 , so it came very close that is one of my pick
Why I sold dialog ? i can say the reason, it is unfair to people who invested in dialog (but dialog can be sold even for 11.60)
Why i sold SAMP? my target price was 145, but it develop negative short term momentum
Why i sold COMB? No i didn't sell it, only  small portion were sold because i needed to make it 4.5 mn

Hi @xhunter


This was a good transparent post as well as a great advice on how to manage your portfolio and cash.
Would you be able to expand on this post and elaborate on the advice you would like to give considering the current market condition? Would you still be keeping 10% cash freely available?

Thank you.

yes, i had that when you asked the question, but today i utilized it and bought everything came to my direction. tomorrow also can be a red day. but it does not matter.

note: i dint see you asked this question, i saw it when this thread appeared in the top because of the post made today.
and now it is not just 4.5 m  , that 10% also grown proportional to portfolio.
i will again withdraw and fill the reserve at the next action point (this time it is not just based on ASPI, it is based on individual share prices)

Thank you @xhunter for your response. Wish you saw my question earlier
Would appreciate if you can elaborate more on those action points. May be you can move these posts altogether under a new topic like 'Portfolio Management. These are the learnings I would like to get from a forum like this.Other newbies would do too.
Thanks again.