Trading Journal On "Emerging Market" (That's What People Call It)

[smallAxe]

New here. Also new in the market. I started trading in the zombie year 2020. A little flashback, I started with discretionary trading. Fi that first month I had a drawdown that made me rethink what I was doing.

Currently I do rules based trading, then execution is done manually.

Current NLV is IDR 129,904,273. I trade stocks listed in Indonesia (JKSE), long only, average 30 positions, with a holding period of several weeks.

I believe if I have passion for market and I really want to beat it, the market won't discriminate, but of course it will fight back, because the market is a vicious bulldozer with equal opportunities looking to inflict as much financial loss on anyone.

 

[smallAxe]

Track record until June 2022:

 

[Nobert]

Hey.

I was just thinking the other day, about the people who trade their own local markets.
(Got uncle, whos all in into Baltic region)

Do you think that it is more reliable, this way, instead of choosing something in the west ?

 

[smallAxe]

Hey.

I was just thinking the other day, about the people who trade their own local markets.
(Got uncle, whos all in into Baltic region)

Do you think that it is more reliable, this way, instead of choosing something in the west ?

Of course I can't just rely on empty hopes and sheer luck. But if I can grow my account to IDR 500,000,000 (about $35,000) in the local market, S&P 1500 is my next terminal, and then futures.

Yes, I want to tame those beasts.

It will give me constant nourishment over a challenge, be a journey and adventure worth living.

 

[smallAxe]

Sorry for making a mistake. I haven't entered any additional deposits in November 2021. I'm uploading daily NLV history because I don't have an account with a broker that can be linked to FundSeeder.

I don't have access to the leaderboard there. A little disappointed, but that's the rule of the game. So here's the track record I've corrected:

On a hot Friday afternoon, the market is on a break, and this is my position now:

I currently hold 44 positions. 7 positions (BPII, CTTH, MINA, TELE, VIVA) no longer meet the criteria, but there is no liquidity. I ignored this the first time I traded, and since then I've added rules for liquidity. Two positions (LPGI and SGER) are bonus shares.

Biggest loser (%): TELE -65.34%
Biggest loser (IDR): BELL -805,420

Biggest winner (%): PANI 145%
Biggest winner (IDR): FILM 1,920,101

NLV: IDR 130,832,208 (IDR 130,443,000 + Cash IDR 379,908)

 

[smallAxe]

Monday, 8/8/22
Deposit IDR 1,000,000

Sell
ADRO -2 lot (Open)
AMRT -1 lot
BELL -62 lot
BIPI -13 lot
FILM -1 lot
LPGI -5 lot
LUCY -4 lot
SMMT -30 lot

Buy
ADES 1 lot (Open)
BISI 3 lot
BMSR 6 lot
BRMS 19 lot
BSML 12 lot
ENRG 1 lot
KKGI 4 lot
KOBX 9 lot
LAND 6 lot
LTLS 5 lot
PNLF 7 lot
PSSI 6 lot
PTBA 1 lot
RAJA 4 lot
RIGS 1 lot
RISE 4 lot
RMKE 1 lot
SKRN 10 lot (Open 5 lot)
SMDR 2 lot
TMAS 2 lot
ZONE 1 lot

 

[smallAxe]

Current NLV: IDR 132,128,224 (131,769,800 + Cash 358,424)

-0.5891% today.

 

[smallAxe]

Trading Monday, 15/8/22

Cut loss ZONE, KOBX, AMFG. Exit ADRO and ITMG, get a new position PICO.

Addition:

Cut loss
BISI

Buy
PICO 8 lot
CAKK 112 lot
KMDS 47 lot

Lots of failed trades, ouch..

NLV: IDR 131,578,421 ( 131,401,600 + cash 176.821)

 

[smallAxe]

End of 2022.

My return is positive 12.63% for the year. Just market student trying to make the best money he can from the market.

Long live, retail!

 

[Nobert]

I couldn't find some of the names, specifically, - their balance sheets (quick search),
while those that i did found, didn't fit my standards, but, none the less, your performance is really nice, comparing with the global markets overall.

Well done.

On the other hand, they had a nice run, for the last few years and surprisingly, so far, hold well comparing to SnP.