Tong’s Momentum Portfolio - January 28, 2015
THOSE who have been following this column would have noticed that I have sold the last of my remaining stock, Willowglen MSC Bhd ( Financial Dashboard), last Thursday.
As you know, this Momentum Portfolio bought stocks that were identified by a proprietary algorithm, modelled on trading volume and price trends. Unfortunately, this 1st generation algorithm did not perform to expectations.
My portfolio did turn a small profit of
RM151, after transaction costs, and outperformed the market by 4.9%. But I was making more miss than hits. So, it was back to the drawing board.
Come 29th Jan, there will be a new and improved 2nd generation algorithm that I believe will do much better. Unlike the old algorithm, this new algorithm will differentiate between stocks that exhibit upward positive (+ve) and downward negative (-ve) momentum.
All the stocks will be posted daily on The Edge Markets (www.theedgemarkets.com) by 2.30 pm. The list does not constitute a buy or sell recommendation. But I hope it will give us a better idea of what the market is buying and when to sell.
For those who are keen to find out more about these stocks, a short synopsis will be published under “Stocks with Momentum” column in The Financial Daily the following day. Registered users of The Edge Markets will get a free digital copy of the business paper delivered to their emails daily.
I will also display my transactions with a brief commentary on the portfolio under ‘Tong’s Momentum Portfolio’ on The Edge Markets.
I’m looking forward to the 29th. I hope you are too. Do watch this space!
http://www.theedgemarkets.com
THOSE who have been following this column would have noticed that I have sold the last of my remaining stock, Willowglen MSC Bhd ( Financial Dashboard), last Thursday.
As you know, this Momentum Portfolio bought stocks that were identified by a proprietary algorithm, modelled on trading volume and price trends. Unfortunately, this 1st generation algorithm did not perform to expectations.
My portfolio did turn a small profit of
RM151, after transaction costs, and outperformed the market by 4.9%. But I was making more miss than hits. So, it was back to the drawing board.
Come 29th Jan, there will be a new and improved 2nd generation algorithm that I believe will do much better. Unlike the old algorithm, this new algorithm will differentiate between stocks that exhibit upward positive (+ve) and downward negative (-ve) momentum.
All the stocks will be posted daily on The Edge Markets (www.theedgemarkets.com) by 2.30 pm. The list does not constitute a buy or sell recommendation. But I hope it will give us a better idea of what the market is buying and when to sell.
For those who are keen to find out more about these stocks, a short synopsis will be published under “Stocks with Momentum” column in The Financial Daily the following day. Registered users of The Edge Markets will get a free digital copy of the business paper delivered to their emails daily.
I will also display my transactions with a brief commentary on the portfolio under ‘Tong’s Momentum Portfolio’ on The Edge Markets.
I’m looking forward to the 29th. I hope you are too. Do watch this space!
http://www.theedgemarkets.com
