Jun 11, 2017

Cory Diary : Fibonacci Extensions Self-Learning

Fibonacci Extensions

First to say I am no expert and trying to learn by myself Fibonacci Extensions. Why ?

Simply it is one of few key tools we can time our sell trades. For people who are not new to stock trading, there will be time when our stock just runaway after we sold. So when to sell can be useful. When stock hits high when is best time to sell ? Valuation point ? Macro condition ? Tool ? Tips ? Supports and Resistances ?

Using Fibonacci Extensions can be one of a good way but surely not always the right way. Here's what i found on this Indicator definition. There is no need to modify below because is so complete on the definition I feel. Surely is much easier to understand if we have some background on Fibonacci Retracement indicator.

Fibonacci extensions provide price targets that go beyond a 100% retracement of a prior move. The levels for fibonacci extensions are calculated by taking the standard fibonacci levels and adding them to 100%.

Therefore, the standard fibonacci extension levels are as follows: 138.2%, 150%, 161.8%, 231.8%, 261.8%, 361.8% and 423.6%.Fibonacci extensions provide price targets that go beyond a 100% retracement of a prior move.

The levels for fibonacci extensions are calculated by taking the standard fibonacci levels and adding them to 100%. Therefore, the standard fibonacci extension levels are as follows: 138.2%, 150%, 161.8%, 231.8%, 261.8%, 361.8% and 423.6%.

One useful tool I used is in Investing Note which provide free charting and customization for example adding 138.2% line. https://www.investingnote.com

ACCORDIA GOLF TR

As reminder, I am testing and learning. So whatsoever here is for that purpose and is no recommendation or instruction. Using Accordia Golf Trust example, the lines are drawn. Notice the coincidence happening all around the support and resistance lines ? Beauty of nature isn't it, or so to speak since I do have to kind of find the fit into the chart. I have manually added the 138.2% line as I thought it can be important reference.

The blue handles are the key points I use to extrapolate the chart in fiibonacci-cally way ... :)
And they are near good volume as well.

As bad news came in last quarter report, we almost return to 100% range around $0.695. Which kind of happen but only after ex-dividend. If good news has come and hopefully next quarter report, $0.828 or realistically 0.82 (around 161.8%) about range is the resistance point to sell. Of course this has to overcome my 138.2% resistance first.

Exciting ?


Cory
20170611












Jun 10, 2017

Cory Diary : What does XIRR 6.8% Annualized return looks like ?

When we have $10,000 and annual returns of like 5%, it seems to take forever to achieve financial freedom. However Freedom is about going through the learning experiences. The anxiety of market dynamics. The building up of portfolio. The compounding of what one has.

Here's a chart of 6.8% Annualized growths mean in green.


















Not going to lie is easy but is not improbable either.

Talking to myself mode. Continue to stay nimble, invest what I can sleep on, cut loss, study financial report, use a bit of TA, don't go on margin, reasonable margin of safety, logical diversification and don't gamble in rubbish stocks. Stock tips from forums, blogs, analysts, friends and relatives are just a dream for me to dream.


Cory
20170610



Jun 4, 2017

Cory Diary : Asset Allocation 20170604


My heart screaming to write something today and decided to do a clean up / review my asset allocation.

Here's the pic.



From the chart, if we are to total up MMF and Deposits, that 26%. MMF is Money Market Fund ready for investment. If I am to surrender my Insurance, that will boost to 31% which matches my Equity allocation. However I am unlikely to do that. Nevertheless, this is the War Chest. At 26%, is still a little high. I need to lower Deposits allocation to 20% but may need to reserve this bullet.

Bonds and Preference 13% provides a low yield on the whole. I maybe able to squeeze something for better later but for now it stays and provide the stability to the assets.

Overall Investment allocation I would consider Equity, Property and Bonds/Pref which totaled 53%.
If some may remembered ( Link ), my Cash/FD was at 34% and Equity 22% about 4 months ago. Current allocation is way better and met way above my target and allow me to capture this year upside nicely.

The first 5 months have been great for equity holders mostly. Will Portfolio continues to grow till 2017 ends ? I believe there is still a little leg to go. Will have to stay nimble and watch for major market turning if any. Touch wood.


Cory
20170406