Took the chance to clear out stocks in my IG market account.
I opened an Ameritrade account, they have an office in Singapore.
Got to know from my friend that they do not charge any fee for holding onto your US shares.
But I will still keep my Uniqlo shares inside, as Ameritrade do not offer Japanese shares, and I can still use their platforms for some analysis.
The below was before the market opened, and before I sold some shares.
The following is after I cleared some.
I sold Ali Baba, Tesla and Tableau.
Ali Baba was because it rose slightly to become no loss.
Tableau was because it spiked sharply in the past few days, but went down slightly.
Tesla was because it did not dip as badly as the others.
So my rational was to sell stocks that were not badly affected by the market-wide drop.
Because if the market continue to tank, these stocks will be hit more to compensate.
At the moment, I am happy that I managed to reduce my holdings in IG market, which the daily cost of compulsory leverage are taxing my day by day.
If the market continues to dip, I will be looking to increase my Google shares using Ameritrade trade.
My next target to buy is 1000, which is the next Support Level.
The main reason why I reduce the size of my IG account is so that if the market continues tanking, I will have a good proportion of funds to seize the opportunity.
I may also start buying some SGX shares, as there were also some heavy dips there.
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