acex

ACEX | 04.02.21


Traded my first stock yesterday. :)

ACEX (Ace Enexor Inc.)

Bought on January 21, 2021
Average Price: P16.96
2,900 shares

*Bought this on the day 4 of the 5 stocks I held floored. I watched this stock for about 2 weeks and told J that I wanted it because it had a cute name. Aside from that I actually liked the fact that its price steadily and consistently increased without it being a popular tsupit stock. Was very happy to learn that it was an Ayala company. 


J said it was forming a Livermore pattern, and companies with similar patterns were MARC and TBGI. He said buy at P14 because that's the support (Ang tita nyo ay not following instructions).

Market price was P18.50 the morning I bought it. Went down to P17.5 during the day and I thought it was going to bounce quickly so I bought my first tranche. Put a sell order for P16.5 and went to work. Didn't realize in time that prices were falling so I didn't get to cancel my order.

Price went down to as low as P12.5 in the next two weeks. The day before I sold it, it closed at P14.5. I thought I was going to wait months to get out.

Sold on February 04, 2021
Price: P17.60
Gain: about P1,300 net of P500 fees.
(Yung P1.3K hindi mo naman kikitain sa bangko yun sa P50K for 2 weeks. - Arman)

Yesterday there was suddenly news of ACEX firming up plans with PPC in the next 6 months for oil exploration in 2022. Gapped up at P15.5 and went from P17.2 to P16.5 throughout the morning. I wanted to exit that day to free up BP for blue chips or second liners and since I thought that the catalyst was not really anything concrete. Was wary that people would sell in the following days. I also have PTSD from gaps being filled.

Set a sell order for P17.6 when market price was P16.6 just hoping to get out. Went to Starbucks and forgot all about my sell order. Then suddenly saw that the price rose to above P18 EOD. Closed at P19.30. 

Trading plan:

Re-enter near support. (because I. LIKE. THE. STOCK.) Do not chase ATH whatever happens. Test theory of another ATH within the next 2 weeks. See if it follows TBGI or BSC pattern.

Current port snap


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this is not a drill

I don't know but

 

i think i will marry you.


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I will look back at this someday and laugh

Madami akong posts ngayon.

  

“Tell him yes. Even if you are dying of fear, even if you are sorry later, because whatever you do, you will be sorry all the rest of your life if you say no.”


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cause it’s frightening to be swimming in this strange sea but i’d rather be here than on land

 

When she falls in love, she falls in love with the little things.

The way he always asks for a third fork when they eat cake because he knows she’ll likely drop hers at one point (she’s clumsy like that); the way he remembers it when she points at a road when they’re in the car and tells him she wonders where it’s headed, and the next time they’re in the same place he’ll say he looked it up and knows where it goes and asks if she wants them to go through that road and see; the way she likes to look right at him when she’s talking to him and he looks right back at her even when he shouldn’t because he’s driving, and he always meets her gaze and smiles back.

Sometimes she wonders if there will ever be another man like him in her life.


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