Refer to my previous post here where I discussed a simple method of dispensing my warchest.
Consider 3100 as benchmark, and using 10% drop as the first reference, STI at 2,790 is the first signal for firing. The next reference is 2635, a further 5% dip of STI.
In your own designed spreadsheet, you can create your own benchmark. Warchest amount listed below is arbitrary and not my Warchest amount.
Yes, 2635 was breached today! STI closed at 2630 today. According to plan, I initiated my second scoop today as follows.
- M1 @2.66
- SGX @6.88
- ASX : CCL @8.26 AUD
Hmmm.....will the next trading day be a "Black Monday?" It is left to be seen!