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Facebook...... Perfect Playbook (Almost)

Facebook always in my radar for trades. Due to all the bad publicity and scandal surrounding the company, it has created a perfect opportunity to make profit from it. Like Warren Buffett always said " You don't have to swing at every pitch", look for the right moment and hit the home run.

If you referred back to my past posting on my FB position in 2018, you realized that I'm buying at the worst timing when they announced Cambridge Analytical Data scandal. I barely survived the 30% plunge in stock price. A hard pill for me to swallow with my pride.    

You can refer to my past posting about FaceBook in the link below:

Facebook 2018....being poked?

The user growth for Facebook always impressive. I don't see it will saturate anytime soon even thought almost half of the populations on Earth already joined its ecosystem. Minimum age for joining Facebook is 13 years old. Every year there will be a new generations in tens of millions reaching age of 13 years to be potential users joining the herds.   
Perfect Swing in 2019
The perfect moment came when the stock plunged to $130 in January 2019. In the moment of crisis, I saw an opportunity of lifetime to make a profitable trade. And this time it was "personal". As much as I hate to be "wronged" in 2018, I really want to get back even with FB. The pitch came at the right moment. I took the swing eventually at $146 BUY. Few months later, I sold it at $174 and $192. I felt really good not because I making good profit, but I finally make my sweet revenge. No more getting "Poked" by Facebook.   
Personal Notes:
After selling majority of my holding in January and February, I'm now holding 80% cash in my portfolio. I taking a step back and to plan my next game. The market seem to be fairly valuated and it is trading at very bullish sentiment, I would said extremely Greedy level.
At this moment, I will be staying away from market for a little longer to avoid Tsunami of sell down later if the Market correction really come. The recent incidents of Singaporeans rushing to buy "toilet paper" remind me of "Herd mentality" of FOMO rush that we normally see in stock market. It is time to take step back and think before you "swing".  Go fishing is not a bad idea after all.  
Next chapter of my PlayBook
Since I started actively investing in the market, I have been devoting my time developing my own methodology of stock selections and when to make a trade. Most of my trade are based on fundamental analysis and logical guts feeling. I hardly depend on charts and technical analysis is not my field of expertise. I hardly know how to interpret technical indicators. I need to confess that I'm a really a TA dummy.
So this year, I’m making a resolution to learn new trading method base technical analysis. I want to explore new income stream to make even more money (hopefully!) in the year of Rats. Huat arh! In order to do that, I decided to take up a trading course which cost me more than $2,000. I believe the money is well spent for knowledge that I can leverage to make even more money in the market. The course will start at the end of Feb this year.
Hopefully, one day I can retire from corporate world and become full time trader. Keen to leave the Rat race in the year of Rats? I will share more about it in my future blog.
If you interested to know the course that I'm taking, you can drop me a message. Ciao!        
-WILLIAM CHENG
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