STI rebounded strongly today, up 2.2% to close at 2,961.8.
Fortunately I have made some purchases before the rise and reduce the cash level to 60%. At the end of the day, my portfolio turned positive and the gain YTD is 0.5%.
I did some trading lately which gave me a feel of the market. I can't say that I am good at this but I was right this time. Even though I am right, I am only 40% invested; hence, did not take full advantage of the swing. Such is the problem trying to time the market. I will continue to fine-tine my strategy and continue to make selected purchases.
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