SE for PMCC

 yesterday I made a aggressive PMCC move on SE

SE stock price is quite high at $218 

I was choosing what delta should I buy

I decided that I should spend $8.2k

as that is how much I have left in the account

if I dont want to borrow money

today I sold call on SE

expiring on 31 Dec 21

the money is good, got $80 for strike price of $235

also I need to look into how I calculate the cost basis

from my excel, it seems wrong

as the price now is $220

and if I sell the long call which I bought,

I should make some money

the cost basis in my excel is $257 (price of contract + strike price)

which is very far away

TTCF at $14

 Sold Puts on TTCF for strike price for $14

I get $100 premium

expiry date is 4 Feb 22

which is a long time

but there may be a chance what Jeremy said is correct

that stocks will rise next year when people finish with their tax loss harvesting

and 4 Feb 22 is the last date that I can sell puts at $14

after that is multiples of 5, which is at $15.

if I get assigned, it is good as I get to lower my cost basis.

if not assigned, I managed to get the highest premium possible of $100

Learnings from Wheel

 Today is Christmas eve, and my wheel should only bring in around $353 this month

if I do this the long term, how do I get more consistent earnings monthly?

One thing I can improve on is to ensure I do not wheel stocks that have prices that are too high

for example, I got assigned TDOC at $140

each portion of my short puts is around $10k

TDOC crashed to around $100

but I am unable to Fly Rescue Mission

because one portion of FRM is around $3.3k, which is one third

in other words, I cannot make money selling puts at 70% drop in price

and also lower my cost basis

so for a $10k trade, the max price of a stock should be around $50

so that when it crashes 30%, the price will be at $35, which I am able to sell puts at.

Stabilization after IPO

 I read that stocks after IPO may have a big sell-off

because people who received shares will sell to cash in

went to see a few companies that IPO recently

Coinbase, LMND, HOOD

some of them reached a support or resistance

within 2 weeks, 1 mth or 2 mths

so for Grab, I guess the stocks should stabilize within 2 months,

which is around Feb 22

Bought another 200 GRAB

 bought another 200 GRAB

their sales is around US 2 bil

with market cap around 27bil

if they increase their sales to 2.7 bil

it will be PS ratio of 10

which is good for a growth company

also like the CEO 

young and man with a mission

read in an interview before that he is a staunch Christain

and also smart

his co founder and him both went to Havard

and SEA is also a region with good potential

young population with around 600 mil people

twice of USA

their app is also something I like and use

So i have an advantage of accessing the company more than westerners

GRAB a must buy

 options has been quiet lately

not much earnings

but one stock that I love is GRAB

it just recently IPOed

and I bought 100 of it today

I will transfer money to the TD account

as I want it to be separated from Options fund

and also, US$700 spent on GRAB today is very affordable

I want to have more shares of it

but also not sure how many should I buy

so I think 100 shares of it first is good

Aggressive on LC

 The market is rallying today

but LC is still down

after a big dip

tech stocks all dipped

I actually do not plan on spending anymore

already $10k US spent on PMCC

But I realized

For wheel backup fund

I only can only do rescue mission on 2 stocks

the other 3

which is SHAK, TDOC and Z

they are too expensive to do FRM

only PLTR and TTCF is cheap enough for that

my plan was to have $10k funds to do FRM on 3 stocks that dipped

so I have spare $3k

and I like this move I just made

I got up of bed at 1am

as I feel I could not sleep

I bought 300 Call of LC expiring in Jan 2024

which cost me around $1.1k per share

for delta of 0.77

LC current PS is around 3, and PE is around 15

Another ARKK

 bought another ARKK call

expiry in Jan 2024

Not sure if the price will dip again

but it hold stocks that I like

and I can also ride on Tesla boom

as that is their largest holding

still not very experienced with PMCC

and I have fully used up the US$10k for the strat

hope it works well

understanding it more, I find it very good

also ARKK has dipped a lot

I can also use the chance to buy cheap for many stock it holds

like TDOC and STNE

and also Cathie Wood forecasted that growth stock can 4x in 5 years

PMCC is better than I thought

 I thought that my PMCC positions are not very good

then I realized, the long call profit is better than the short call

lets say ARKK price went from 95-103, which is $8

the profit will be $8*0.8 delta = 6.4*100 = $640 profit

then my short call went from $97 to $103

which is a loss of $6*0.2 delta * 100 = $120 loss

so overall, I still profit by $520

I just have to keep rolling to avoid the loss on the short call.

More LC

 Bought another call of LC

at around $31

since there was a big dip yesterday

delta was around 0.78, but this time I bought expiry at 19 Jan 2024

PMCC is a strategy that you can take advantage of the stock price soaring

I have used around $3.5k for PMCC strat,

So I have around $6.5k for PMCC to use

which currently is a good time for it

as the market can keep dipping due to Omicron, Fed tapering and tax loss harvesting

First ever fly rescue mission

 

First time i can recall placing the trade before market opens

because previous day there was a big dip in the stock market

my logic is to sell puts when there is a dip

and today opening will be the best time to trade

to make use of the dip yesterday

rather than look at how the market will perform when open

also first time flying rescue mission

a term coined by Markus

which is very interesting

and you are not totally out of the wheel game when the price crash

you can still lower your cost basis

the logic is to use 1 third of the initial bet

to buy when there is a 30% fall

and hopefully at a support level

for example, initial bet on TTCF was $10k

so use around $3k to enter when the price drops 30%

I think it lowers my cost basis from $20 to $18

PMCC

 Was exposed to another strategy

which interested me quite a bit

it is the Poor Man's Covered Call

which is buying a leaps call option (80 delta)

and selling calls on it (20 delta)

The stock I want to do it on is ABNB

which I am bullish in the long term

and which I use

and which I want to use more in future

when I am very financially rich

so when should I initiate the strategy?

when the stock is beaten down, and is close to a support level

why?

so that you do not have to sell calls with strike price that is too low

because if you are able to get assigned

and roll it,

it is better to roll it at a lower price

if you roll it at a high price,

and the stock keeps crashing,

there will be a long period of time you will not receive any premiums

until the stock recovers.

currently, the PS is around 20

it will be good if it is lower.

it will be good at around 130 or 150 level

depend on how the new covid variant, omicorn behaves

PMCC is good because if allows me to stake more money by using less

if I can buy 2 LEAPs of ABNB

the premiums I can earn weekly is very high.

I see what I can get from 1 portion of my fund

which is 10k.

the other stocks are CRM, PLTR.

but crm is quite high in terms of the chart, and PLTR PS is high at 30.

Sold Z call

 Sold call on Z, at 0.5% premium, expiring 2 wks later on 3 Dec.

Reason for selling is that the price rose 3.5% today

probably because it has reached a support level at $55

Also thought of why I do not earn a few dollars by selling calls that are far from the current price

it is because I rather not earn, and wait in case there are spike in the share prices

that might jump up closer to the assigned price

and I can sell more premiums from there

Taste of all assigned

 I have around $50k for options, and all 5 positions are assigned

it is good that I have a feel that a down month looks like

today I managed to sell 2 calls

not for a good premium

but got around 0.5% of premium

the shares rose slightly, at around 1%

it is good I experience all assignments

to get a good sense how doing the wheel strat is like

for the rest, I will see if they will have any rallies

which is unlikely to make much difference

as some of them drop even further away from the strike price

maybe I can start looking at fly rescue missions, to lower the cost basis.

Should have sold PLTR call

 Should have sold call for PLTR

I have been assigned the share

but did not sell calls on it

as felt that the premium was only around 50%

I should have done so

as the price rose on Monday

if the price rose, it is harder to rise again

means that it is harder to get assigned, and also harder to have a better premium

4 activities

 Received 3 assignments over the weekends

PLTR, TDOC and SHAK

Managed to sell calls for SHAK and TDOC today

premiums are quite good, at 1.9% and 1.1% respectively

I sold calls at the strike price I got assigned

also sold puts for Z, which I did not get assigned

strike price is $62, premium is around 1%

Did not sell call on PLTR yet

the premium is not good at strike price assigned

will wait for a while to see first

currently the price is up a bit

not really sure why the premium is not good for PLTR

even though its IV is around 0.5

Sold PLTR puts

 sold palantir puts

400 of them

watched a video on them about their earnings released just before market open

their result is good, they decreased their expenses by a lot

and also decrease their cost of revenue by a lot

while growing their quarterly revenue by 35%

got 1.6% premium, with strike price at 24.5

but once I bought it, the stock price fell further

for the first few minutes, the stock price was -7%

Sold SHAK again

 SHAK price rose a lot

after earnings

I think previously I sold puts with strike at $68

current price is around $90

I still like SHAK

their PS is still around 5, very good for a growth company

I like dining there too

Mark Cap is small at 3Bil too

I got premium of 1% for strike price of $86

around 23% delta

Entered TDOC

 Its a Friday, and all positions are not assigned

my account crossed US$3k, which is good

I also sold TDOC puts @ $141

I am happy with the tnx

premium of around 1%

and delta around 20%

sometimes, I will go for lower detail

especially when the price is not yet at the support zone yet

and is at the middle of a support and resistance

so it is good that you set the strike price lower, 

and not be greedy for premiums

1% is still very good

Zillow puts

 Sold 1 Zillow Put today at $63

I dodged the bullet when it crashed

previously was selling puts at $93

now it crashed to around $65

They are exiting their ibuying business

which flips property

it is an asset heavy business

now they continue to focus on their strength

which is their internet business

they call it ITM

it earns from commissions of agents

they still have opportunities

due to buying real estate still have many pain points

they will layoff 25% of their work force

and become more asset light

so it is a good business

to own during this crash.

OPEN puts

 Previously I did not like the share

as I trust chamat , the angel investor less

after he tell people to hold Tesla share and sold it himself

I liked the company, the look and feel of the website

today I sold 500 puts of it

that expires tmr

very good deal, as I can get 1% premium, just for 1 day

it dropped due to zillow

zillow crashed as they want to exit the flipping business

and people are fearful that OPEN is also dangerous

as OPEN does mainly the flipping business

I also want to sell puts on Zillow too

but think that I should be abit more diversified

and not sell 2 puts on 2 real estate businesss

zillow premiums are also very good

for tmr expiry

and Katie Wood also just added more positions

besides that, I also managed to close NIO and LVS positions

got 93% and 97% of the premium respectively

PLTR puts

 sold 4 palantir puts

it is expensive

as it is not really the PS ratio that I like, at 37

and its market cap is quite big too, at 50bil

but I quite like the company

and it is something I dont mind owning

in terms of the price, 24.5, the strike price, is in the middle of a support and resistant zone

also was glad I did not sell any puts on Monday

Tuesday there was a crash of many stocks

but did not enter due to many of them that I like having earnings call this week

so if it is a green day

it is ok to wait for a few days

cause price movement has more value than taking more premiums

waiting a few days is also ok

i just aim for the premiums that Markus is ok with

which is 30% annualized, which is around 70% of the strike price

$49.2k of options

 Have all 5 trades of options working today

which is good

happy with the positions I managed to enter

new stock to sell puts on is StoneCo

got interested in them after watching youtube

Berkshire and Ark both invest in them

I replaced them with Z, as Z rose to around $100

although I dont really like the PS ratio, which is at 18

the PE is good at 50

and compare it with Z, Z is around 400

also, the market cap is quite small, at $11b

they are a Brazil company that has business like Square

The premiums is also very good, 30 Delta, I got around 1.7% premium

Also managed to close and open NIO at price which I like

close at 89% premium, and opened at around 1.5%

both NIO and STNE are falling today, which is a good day to buy

also sold LVS puts again, at premium of 0.39

slightly more than 1% premium

Always ensure that you always use limit orders

sometimes you can unexpectedly get very good premiums

way higher than the stated Ask price

Sold Z Puts

 was running out of ideas to wheel

was looking into Pins and Hood

but not very convinced at the moment

Pins dropped 13% today

Both of them, I may not want to own them for now

Hood, I prefer TD, as I like good charts

Pins, i used it and find it over whelming

I prefer google

Was surprised Zillow's put price is decent, especially when it is up 1.5% today

for expiry this Fri

premium is around 9%

strike price is 91, better than the previous time I sold

and lucky the earnings result is few days later

at 2 Nov

Sold CICT

 sold capital integrated commercial trust.. or something like that

used to be capitamall

but now they merge with the commercial sector

which i may not fancy as much

also wanted to fund my options fund

to 50k USD

also, cict price has risen, to moderate levels

i am more happy to keep FCT

sold 8k CICT, got 17k

will send 14k to TD, which is USD 10k

Initiated LVS

 Sold 3 LVS puts

previously sold, but bought it back

because I realized earnings is near

so today, earnings is over

the stock did not move much

premiums at around 1.3%

2 option puts

 Sold 3 NIO puts at $38

after selling, the price dipped

the premium is around 1.2%

also sold something new

SHAK

they dropped today by around 6%

PS and market cap wise is quite good

around PS of 5, market cap of 3 bil

and I quite like their business

they also had a profit in the previous quarter

sold puts that are 2 week away

for premium of 2.6%

which is quite good when compared to next wk

but realized that they releasing result on 4 Nov, 1 day before the expiry date

so i will have to make use of time decay

hopefully i can earn something before selling it away

also to add, 2 week away is better than 1 wk because of the strike price

1 wk away at around 30% delta is 70, 2 weeks away is 68.

LVS also releasing its result today

if it dips alot, I am interested

Closed LVS

 Close LVS cause I realized they have earnings report on Wed, 20 Oct

Was researching about the stock over the weekend

Initially disliked and regretted it

But later after some pondering

thought that it is actually ok

dislike it cause they have 5 properties in macau

and 1 in Singapore, MBS

China may regulate it, and I already got exposure to NIO

which is also under the risk of China policies

also, the founder passed away

I saw him in a video with LKY

and it was one small factor why I want to own it

but I liked it more

after thinking, if all the casinos close only and left MBS

it generates 2 bil pre covid

market cap of LVS is 30 bil

in other words, the PE ratio is 15 if only left MBS

and I also visited and like MBS

and they have alot of cash

6 bil from selling their Las Vegas property

I read somewhere they will use around 4 bil on MBS

lets see what happens after earnings, and I might enter again

Idea about Tesla option

 was also thinking about selling tesla puts

even though I need to sell other assets if assigned

and the money seems free

strike price of $600, gives you $183 premium

current price is around $800

delta around 5%, so highly unlikely

but thought that i should not do it

it may happen, if there is a big crash

i am going for consistency, and something replicable

and the main thing is that

if tesla crash, other stocks might also crash

it may be a world event

so i will have to liquidate my singapore shares that might also drop big in value

to purchase tesla

so i will just stick to my current blue print

and hope it gets very big

and fast

such that i can be less afraid of losing my job

Sold 4 options

 Sold puts on LVS, Nio and Z

Sold call on TTCF

Interesting thing about TTCF

the premiums are very low

next wk, I can only get 0.05, which is 0.25%.

the interesting part is that when I sold call at 19 Nov, I get 2 %.

which is 8 times more than weekly.

So remember to see longer periods if the premiums are too low

another interesting thing is that

when enter limit order

try go lower

today i set many of them at better price

and all got filled within 1 sec

I will be looking more into LVS soon

seems gd

even though I nvr really research on it

somehow fated, Josh Tan and Markus mentioned about it

and Markus trades options with it

they owned MBS

And I also thought that if I become super rich

it will become a play ground

one of the few places that gives you adrenaline

if you are very wealthy

so my impression about casinos and luxury changed

Another NIO put

 Sell another 3 NIO puts

I was thinking I should not

As I wanted to have another different stock

so that if NIO becomes zero, I will only lose 10k.

But I thought, sooner or later I will run out of stocks to buy

I cannot have 10k on each stock

especially if I put 100k inside, I cannot find 10 different stocks

NIO current price is also more worth it, as it dipped by 1+%, other stocks are rallying

I am also going to transfer another S$14k into account

so my options will have US$40k to play with

 

Adjustment to Peoms account

 Sold 2k Aims and bout 2k of FCT

felt FCT has a bigger growth potential @$2.26

aims already recovered to pre-covid level at $1.42

also, i thought about it

I am more comfortable eating at food courts

because it is air con

and also people there are vaccinated

I simply like FCT alot

Now I have 25k FCT shares

debt in Peoms share financing account also grew

was around $31k debt

now it is (2.8k from aims, 2*2.26k=$4.52k, net is $1.72k) $33k

which is still ok, able to withstand a 50% drop

Not much time to think

 Closed Zillow, to get only 50% of premium, which is $43.

Opened another position next wk, for premium of $96

and strike price of $85

seems like a much better bargain.

cause strike price is $3 cheaper

which is 3.4% better

which is much better than the premium I am waiting if I do not close, which is another 0.5% premium

so I think that why many people dont wait for it to expire, and open positions on Thursdays or Friday.

Also closed Nio and opened sold another puts for next Friday

Also closed TTCF early to get 1.3% premium

and opened another position on 15 Oct for 1.1% premium.

Maybe this one doesnt seem to  be a good move

as I am only getting 1% premium for 2 weeks

NIO again

 

Sold NIO puts again

strike price $34

the risk of delist is there

but I think it may not be so soon

and $34 is below the support at $35

Also had some thought today

My funds will be pockets of $10k

NIO is $10k

If I can quickly earn $10k from options

I am less fearful

currently NIO has good premiums

1% for a few days left

and seems like Henry is also bullish on NIO now

also just transferred S$5k,

So I have around $30k US for options now

which is 3 pockets

Hopefully I can add more

and accelerate earnings from options

maybe liquidate Aims Reit if the price is good

then I can transfer another Singapore $14k,

which is another $10k US, another pocket

Forgot to add an important point

today stock markets is red

because there were talks of raising interest rate

I was eyeing palantir

but did not pull the tripper

valuation is 40PS, and recently it just rallied

then I realized that I should sell NIO puts

as interest rate may have less corelation to US interest rate policies

PLTR

 I cancelled the PLTR trade from the previous post

made a little money

that is after i saw that PLTR is around 40 PS, and 50 Bil market cap

abit high valuation

and also currently just reached a higher price level

but still very interested in the stock

TTCF and PLTR

 

Lucky to sell call for my recent assigned 500 shares of TTCF at 0.4 each, which is 2% for 2 weeks

Also sold 3 Palantir puts 

slightly not enough funds for that, but will transfer some cash to TD

I sold close to ITM

but it expires this Friday

the delta was around 35%

main reason for selling it is that is dropped 3% today

so it is less likely to fall more

but it is also a stock I would like to buy and hold

seems like a better business than CRM

Wheel Zillow

 I was researching RedFin, Open Door and Zillow

they are disrupters of US property market

I wanted open door

but their net loss is bad

zillow is already profitable

their PS ratio is 4+

their share price is currently crashing.

I got US$103 for selling 88 puts, delta at 0.3

and i like the number 88

Nio and FCT

 SOld Nio again

recently have been thinking about their government

Henry also was a bit unsure about them

I also thought that China wants their own companies to list in China

So that the companies' growth is benefitted by their citizens

so I close the Put option

lucky to make half of it, which is US$85

Also bought 3k more FCT

after closing my DBS share financing account

I have more shares as back up

in case I need to send shares to be PEOMS account

but my PEOMS seem fine

Total borrowed is now S$32k

Total value is around $90 before FCT shares come in

if 50% drop

it is S$45k value

32/45 = 71%

which is around the threshold I need to have before margin call

also rewatched analysis of FCT

still same reasons why I like it

amongst all the real estates, retail is the happies and highest energy

also liked that they divested Bedok Point

which I visited and disliked it

and also they acquired more properties in the east

more happy properties in total

dividends is calculated using 2019, which is 0.12

at current price, it is 5.1% dividend yield

might buy more if drop again

total now I have 23k FCT shares

TTCF $20 again

 

Sold 5 TTCF puts at $20 again

$400 into the pocket

I have 2 times more funds coming it

actually I can buy more today

as the funds should reach next few days

but I am still undecided what to do

and thought that I should not spend it all

I still like TTCF the most

also considered NIO, AMD

China is currently being affected by Evergrande collaspe

so to keep things simple, I just get TTCF first

I like them at a good price of $20

and it does not get called

I get $400 this week

which is nice

Goodbye HongKang Land

 Also cleared HKL, 2000 of it.

It is a good time, as there was a surge recently

reason for selling was I suddenly realized 

that since HK is under China control now

China will try to solve the land issue

either by making more lands in HK available, etc

so the exorbitant real estate pricing in HK will not last

liquidating it gives me S$12k

more funds for options trading

dbs share financing sell off part 2

decided to sell of tech related

ifast and silver lake

for silverlake, their performance is not increasing

and it should be, due to covid

companies should be buying up more softwares to upgrade their work force

but silverlake revenue did not increase

and seeing the price of 0.28

i do not think there may be any bullish sentiments for the stock

i have lost money in that one, with 11k shares of purchase around 0.5

also sold ifast

they had good performance during covid

around 160 mil

and the price keep increasing

due to news of applying for banking license in Malaysia, expanding into China, etc

but i felt that their revenue increase is due to covid, where people stay at home more

i felt abit sad selling this stock

it is nearly a ten bagger

i sold all 2k of it at S$9.4 per share

got it during IPO at $1 per share

when I do not know much about the stocks

so i am quite sad selling it

it is like a child of my own, that followed me for 7 years

hopefully the money from this is being put into better use

which is used for options trading

so i have paid off my debt in dbs share financing

S$30k debt, with $18k profit

and transferring the remaining shares to my cdp

the remaining shares are mostly real estates

in HOng Kong and Singapore

and they have potential to go up when people are more certain about covid

and i also like the dividends from them

Selling shares in DBS share financing

 I will try to close my share financing account with DBS

mainly because I want to money for options

options just seem to have very good returns

there is $30k debt in dbs share financing

today I sold Areit, Lian Beng, ESR reit and Singtel.

most of them seem to be at the peak these 6 months

the rest, i am waiting for Singapore covid situation to be matured

which may be around 3 weeks time

when the gov feel that it does not need any more lock downs

and we are ok with high covid cases

Tattooed Chef Option addition

 Sold another 2 puts with strike price 20 and expiry date 3 days later

Premium is 0.25, which is around 1%

I was thinking if I should go for higher strike price with more premium

but the share is currently now dipping

and $20 is a price that is around the middle of the range

and a price that I am happy owning

so total I have 5 puts, with 3 expiring next wk

total I need is US$10k. Another US$4 should be arriving into the account this wk.

Accelerating Options Trading

 Just transferred another $5k plus to TD for trading options

Will be more eager to add funds inside

though I want to hold on to my growth and Singapore shares

But now would like to accelerate my options trading

because I figured that

If I have 100k in the account

and make 1% a week

I can actually not work

as I will get $4k weekly.

So I have around $5k in my bank account

and my IG have $6k of unused funds

I still have some backup for Tesla and FCT shares in IG account

If any case, I may transfer funds from my options again for backup

or I may even liquidate one of my Singapore share financing accounts

to backup for IG, and also use extra funds for Options

TTCF, FCT

 Bought 2k more FCT with PEOMS account

Now total borrowed is $28k

still ok to survive 50% dip, if the total account is $77k.

But it has since risen in value.

I bought because I think from a property investor point of view

they still have to fork out money to pay for installment monthly

for me, this is still considered conservative.

and also, shopping centers is a happier place

and have good and high energy

which is very good for feng shui

not that I am very into it

so now I have 20k of FCT, which is a nice clean number to own.

with that, I am just on the brink of totalling $300k singapore Shares, which is my target.

In terms of options, I closed NIO

as there are more and more views of China doing anything they desire

without regard of crashing their shares

and also, those china shares that I buy from US market

are not really part of the companies' shares

it would be better to buy their shares from Hong Kong market.

So I turned my attention to Tattooed chef

I just opened a position yesterday and close it today

making $66 profit.

the reason is I like the share even more, and want to get $20 target price, with $125 premium for each 100 shares.

their PS ratio is around 10 now

and their sales growth is good

business is also nice, selling vegetarian food that are delicious

many youtubers hold their shares. Jeremy, Stealth investing, Matthew Huo

Another thing is that from Jeremy video today, Wall Street Bets want to attack the short seller of TTCF

So there is a chance the price will increase

3 Options Movement

 Closed my Futu options, making $22.

Main motivation is that I want to close that account.

Very dissatisfied that they still do not have Cover Calls functionality.

Also closed my Nio position in TD.

Price of Option was $5, initial premium was $64.

So made $59, which is 92% of the premium.

Opened another Nio position for next week for $50 premium.

 

How much damage from IG

 lets say FCT goes to S$2k, I will need to have S$4k to sustain

if Tesla drops another $200, 200 * 40 = $8k. $8k * 1.4 = S$11k

So I need S$15k to defend that account.

Hopefully the scenario of both crashing does not happen.

I am trying to use cash to experiment with options now.

There is ard $3k available funds, so need S$12k to defend.

If not, will have to sell my silver or liquidate some Singapore shares.

Defense game

 

I have to take note of my IG now

Both shares seem to be shaky

initially I have the thinking that they are quite contrast of each other

Singapore share is more of the stable one

but today it dropped too

sold 2 FCT here

and bought 2k FCT in PEOMS account

like transferring 2k there

PEOMS also had 3k of capitaland

which will restructure and return total $3k to me

if I can defend it, I get to hold on to $290k of Singapore shares to post covid.

very good for my target of $300k dividend playing stocks

which gives me around $1k every mth

Nio position with TD

 Finally managed to activate my TD account again

previously was unable to trade

Have to call their customer service to help sort it out

The best thing about TD is that now I can do the wheel strategy

I sold Puts with strike price 36

even though it is close to the current price of 38,

I do not mind as much to hold onto the shares

as I can sell calls too

and at SP 36, it is around 30% delta

which is recommended by kelvin

as the risk reward ratio is better

I still have 2 positions in Futu account

But I will not sell them first

I will close it soon and bring the money to TD

it is disappointing that they have not yet enabled cover calls there

I will also restart the tracking of option transactions

as I feel it is now the real beginning

and tracking is important, as this TD account is also for my long term trades.

Forgot to add

the premium is $64 and expiry is on 27 Aug

Sold another Nio Puts

 

Sold another Nio puts

Expiry 17 Sep

Strike price @$30

Premium is $45

I bought it partly because I thought it will not go thru

But I think you can borrow to sell puts

Lets see how it goes

Also not the image on the right

make sure when you are selling puts

there is a P there above the blue line

I nearly bought a Call

Option funds and 1 more FCT

 Bought 1k FCT at $2.35 with Peoms account using share financing

Using the value feel months ago of $77k to be more conservative

Buying the FCT will increase debt to around $25k

Stress testing a 50% drop, the share value becomes around $38.

25/38= 66%, still below the 70% max for share financing requirement.

So this 1k share of FCT is good

and also brings my total holdings to 18k, nice number.

also contemplated adding more funds to buy options

But I need to keep calm

even though stocks are on discount now.

due to Taliban take over of the country.

I did not put more money into options

as my IG account may take a hit, and will need back up cash to support it.

Currently there is still a buffer of around $3k in the IG account.

First option lost

 

Closed my first option of NIO as it was approaching the strike price of $41

think I will change strategy

to be more conservative

Look at the chart, and ask myself

what price then I will want to own that stock

for me, if NIO is $35, then I think I am ok to buy them

after looking at the charts

After having the price, then look at the options

the premium of 3 Sep option is $39, and week before is $21.

so it is a jump of around $18

the week after is $52, so the jump is only $13

therefore, 3 Sep premium is more value for money.

From some advice from youtube videos on options,

one of the traders close the option when he gets around 75% of the premium

so that he can free the fund to buy another option

I shall take note of that.

First option

 

Bought my first option with NIO yesterday

pretty good price, got $50

today i check again, the premium is only $10

Sold Caesars

 

Close Caesar position

looking at the hourly chart, there is strong resistance at 92

also lost interest in trading

and bet a wrong position for that trade too

if lost will cost me 100

5 times more than what i should trade

recently i have been looking at options

will conserve money until i am more sure of what to do

Bought Caesars

 

Bought 10 Caesars

Similar to the previous trade, there were 2 bullish price actions

1 long pin, and another engulfing at the 200 SMA

Stop loss around 81, take profit around 103

win loss ratio around 12:10

Sold JPMorgan

 

Sold all 6 of the JPM shares, as it has reached the next resistance zone

Trade JP Morgan

 

Bought JP morgan, daily candles

there are 2 bullish price actions.

set stop loss at 1.48

it is sloping upwards too

level of significance at 150 SMA

More FCT

 Bought 2000 more FCT @ 2.4

2019 dividends is around 0.12, so its 5% div yield.

I am thinking if I am too greedy

Some reasons for the purchase

it is one of the last stocks with discount

A REIT has been increasing recently, to 3.13.

The no of infections is trending down gradually

the Tesla in my IG account recently broke through a resistant line

and there is a chance it will rally strongly

before today, there are 13k shares of FCT in my IG account, make it 15k as 13 is not a very good number

Capitaland is going to be restructured into something else, so my investments will be slightly decreased

Closed AMD

 Closed the AMD trade

Saw 15 min candles, there are many crosses formed

Like some indecisiveness

AMD Trade

 

Decided not to use 15 mins candle

as the commission takes out too big of a proportion

So I will try out 1 hour candles

Bought 10 AMDs when there was a long pin

Sold 5 when it reached around 108

May sell the other 5 when it reaches close to 110

The selling price is not that obvious to me, as it is at a high

and there is no resistance I can take reference.

When I trade, I try to understand the purpose of what I am doing

I am looking for a potential high energy bull run

Traded Nokia

 

Traded Nokia yesterday

Bullish trend and Price Action

significance at brown SMA, maybe 50 sma

one thing to note

maybe when after a few candles there is no spike

can exit the trade

SPCE trading

 

Traded and sold SPCE

the 2nd bar from right, is a bullish pin

sold it at around 31.5

Also nearly traded the above TCHEY

engulfing pattern, at a significant level

but left out 1 criteria. it is not an uptrend. the 200 SMA is not sloping upwards.

So I must always take note of the 3 criterias

uptrend

at significant level

bullish pattern

Change of Candlestick

 Decided to focus on 15mins after trying 5 min charts for a few days

for 15 mins chart, the moving average seems to be respected more

learnings from tesla trade

 I bought only 2 stocks

and the qty place is not well calculated

the simple calculation will be to roughly see where is your stop loss

and where you will sell 

then decide how many lots you want to buy

for example, the stop will be $2 away

I want to place $20 bet, it should be 10 stocks.

also, the bullish signal appear and you enter the trade

if there is no burst of energy upwards

no point staying in the trade

the purpose of the bullish signal is to hint that there may be a rush of buyers in

if it still go side ways, then exit

Tesla trade

 

Bought 2 Teslas here, as there is an bullish engulfing candle at 20 SMA

Entered @ price 649.29

Set both stop and limit order.

But the win ratio is bad

First Trade

 

Bullish engulfing candle at support zone

bought 10 share, at 58.43

sold around 58.5

0.7*10=$7

used a combination of TD and FUTU

TD to analyze, FUTU to trade

Unable to trade at TD because still awaiting approval from W8

3000 FCT

 Bought more FCT today

Many are feeling negative due to the high infection covid numbers

around 180 today

price dropped to around 2.39

still an opportunity to buy

dividend @ 0.12 is around 5%

also thought to myself

if you are a land lord, you want some where that is high traffic and energy

the highest energy is retail, as compared to residential, commercial or industrial

in terms of leverage, I think I am still ok

around $4k buffer in IG account

and I have some cash saved up, will not deploy to pay back the debt from share financing

the longer I delay, the bigger my portfolio will grow during this time of slight discount

previously I calculated after ascenda purchase, the AUM for Singapore shares is around 275k

so after purchasing 5k units of FCT during these 2 days, at around 2.4

total is now around 287k

and also  lian beng might not be able to buy back my shares

so 287k is pretty good, considering I am aiming for 300k

10 Tesla

 Bought 10 Teslas and closed them today

loss of around $US60

Lesson is to always chk the available funds

whether it is enough to sustain attacks on the IG account

Interesting thing is that the way I closed it

I sold the 10 shares from a winning trade I place previously

So the profit went into my funds, rather than PNL

So hopefully if ever IG goes bankrupt, the money in Funds is protected.

Closed BABA

 Closed BABA, as my defense getting thin again.

Just bought another 10 Tesla, but might sell it soon.

Available funds in IG account is around $4.5k now.

In other words, that is the amount of buffer that will prevent adding of more funds.

Before selling BABA, it was around $2.8k.

Also, BABA seems to not be very liquid.

If I am to do short term trading, maybe I should do it with more volatile stocks.

Then, maybe not again.

But now, it is important to have more buffer.

It is also better for my target of holding $300k dividend shares.

If my IG account crash, I may need to liquidate some of my Singapore holdings.

Profit from BABA trade : S$150

Another 20 BABA

 

Bought another 20 BABA @ 204.8

Was more bullish after researching over the weekend

Their PS ratio was 5.1

Tencent was around 9

Their growth rate before pandemic was around 20%

Google growth is around 10%

And China still has great potential to grow

Also did some stress test

the next support is at 150

If it goes there, the loss is 30x50=1500 USD

which is manageable

was thinking whether to own a total of 50 shares

but loss will be 2500 USD, which is around S$3500, which is less enticing.

Start short term trading again

 

I will start short term trading again.

With BABA first, after Adam Khoo has been saying it is under valued, and people are fearful about Chinese stocks.

Will keep a log on this trading journey.

This time I may have a different mind set.

Which is similar to Tan Kin Lian.

The trading positions are quite small relative to the funds.

I have a rough idea how much it can crash, and how much money I can afford to lose.

And roughly how much I can earn from the trade.

current price is 200, and if it can go near 300, then my profit is around $1k.

Not much, but if I keep a log, it may add up to something significant on the long run.

And this stock, if it crashes badly, there will be many more people that are going to get hurt badly.

I do not want the waste the opportunity of buying something that is currently under valued.

Another good thing about having is log is so that I know what are the stocks I want to hold for long term.

Those in the log are not for Buy and Hold.

Tesla again

 

Bought 8 Tesla

If it goes to the next support, it will be a loss of $11k.

Was doing stress test previously, and that deter me from buying more.

Why did I do it?

I thought of liquidating my OCBC account.

It has a profit of $4k there, mostly from DBS.

DBS has a profit of around 40%+, from 500 shares purchased with share financing.

It has another 1000 DBS shares as a collateral.

If I liquidate the whole account, I will have around $35k.

So it should be able to support Tesla price crash.

Next next support is around another $100 dip, at $375.

Every $100 dip, it will be $4k USD, which is around S$5.6k.

So that $35k I liquidate from OCBC account, can support -6k, -6k, -6k.

From 3 dips, I will spend $18k to support, and still have another $17 to support the Tesla defense.

The decision was also made partly after watching videos on Tesla Plaid.

It is really disrupting super cars.

Cheaper, safer, faster.

Also, having 40 shares in the IG account, brings me to a total of 100 Tesla shares.

$6k Ascenda REIT

 

Bought another $6k AREIT using DBS share financing account

That brings total to $275k Singapore shares

From $269k

Reason is because I target to have $300k Singapore Shares

and $275k seems close to $300k compared to $269k

And also current shares still having a bit of discount due to heightened alert

Chose DBS because it handles better during stress testing

after adding $6k of shares, if account falls by 50%, Asset to Loan is 176%, still above 140%.

Discovery about Tesla

 

Just discovered that there is a bearish wedge for Tesla.

Those who want to add more shares, there might be a chance at 470 or even 370.

Be careful and do stress testing.

S$500 on cardano

 Bought another S$500 worth of cardano

intended to buy it when it crashed to around $1.06

but cryto exchanges got disrupted

and price shot back up fast

Got it at around $1.5 today

Partly cause I wanted my account to have around 1.6k coins

initially was 1.3k

did not want to reach 1.4k+ when i stake the coins

so skip that and it will be some time before it reaches 2.4k

do not really like 4

also why i think cardano is good

heard from founder charles that his dev team cost around 1mil + every week

so it is actually a quality product

and when more people finds out about it, price will shoot up very fast

as they have alot of projects in the pipeline

I might invest again, if it dips alot

Another 2 Tesla

 Bought another 2 Tesla

Initially I thought we passed the 200 SMA

and it will be on the way down to $460 next.

But realized that it is actually on a strong support line.

Also watched a videos from Graham Stephen.

The current fear now is about rising inflation, which happened before in 2010.

He already predicted it 3 months ago.

People are comparing the inflation to a low during Covid.

That why inflation seems to be rising so rapidly.

4 Teslas

 

Bought another 4 Teslas

Wanted to buy more

But also keeping an eye on available funds

Now I have SG$3.8 funds left

these are my bullets to survive 1st tier of attack

as Singapore Covid is still unstable

and Tesla might continue dropping.

Also 4 more shares will mean I have 30 Tesla in IG

which is easier to make calculations

If Tesla PS ratio is to be 10 times, which is what Adam Khoo say is reasonable

Then the price will be around $360, which is the price I bought 10 shares

So I have to save bullets for that

The next lvl of strong resistance will be at $460

Buying less is also better, as later I want to add on more shares, it only cost $10

Sold DBS

 

Sold my 1000 holdings of DBS in IG account.

Got a profit of 9k.

The reason is because I am unsure if Singapore economy will tank during this 2nd phase lock down.

Also, DBS is trading around the peak for some time.

Around the high of pre-covid.

Might want to get it back when it go back to support, which is around $26.

I cannot afford to let DBS tank, as my account will be under danger of margin call.

price to sales ratio

 Adam Khoo and Chicken Genius are like the opposite in terms of thinking

One is very bullish on Tesla, the other is not.

Today I learnt from AK about PS ratio

More than 10 is quite over valued

He was the one that I learnt PE ratio of over 15 is over valued.

It is good that I have a bench mark for PS ratio

Tesla is currently around 17 (price around USD$600 now)

for a great company, it is consider ok

If sales double, PS ratio will be reduced to 8.5

Bye Salesforce and China ETF

 

More closing down sales

Did not really make or lose much

Just want to trim portfolio, due to the recent purchase of Singapore Reits

Easier to focus and calculate Tesla

To do stress testing.

Also did not get salesforce or China ETF at great prices.

And China don't seem to be print money

So it may be better to buy USA shares, to ride on the inflation.

Now IG portfolio looks more clean.

And I now have around $4.8k of funds available to buy.

Feels a little more safe.

Bye Sembcorp

 Liquated Sembcorp in DBS share financing account

Both Marine and Industry

Not bad a time to sell, as there was a recent rise.

Marine broke away from the parent company Industry

And I was given around 9800 marine shares

Sold 2k Industry and 9800 Marine shares

Got around $6k

But sold wrongly

I was supposed to select Share Financing rather than Cash

So wasted around $100+ in transaction fees

It is a good time to sell, as I feel my IG account is inflated

Also did not think that Sembcorp will be doing well these few years

they have been suffering for some time

Many of the other shares I hold are paying like 5% dividends

Sembcorp at the moment cannot even turn a profit

Added Ascendas REIT

 Bought 3000 shares today.

Am feeling a bit risky, as I am still using borrowed and leverage money.

The price is $3, and it seems quite good.

assuming past dividends of around 0.16 per share, it is around 5.3% yearly.

Felt positive as vaccination is going on

There is some fear in the market, as Singapore enters phase 2 again.

Also felt greedy because it feels like the last chance to buy before the covid recovery progresses more.

The reit also recently invested $1 bil in Europe's data centre.

As mentioned previously, I feel a little risky.

Only have around $3k left in IG available funds.

If Tesla takes a big hit, or Singapore REITs in that account, then I need to take some actions.

But there are some actions I can take.

Transfer the REITs to share financing accounts.

Dip into $10k cash reserves.

Liquate shares.

Borrow personal loan.

Sell my silver.

At this point, I have line of defenses, and if needed, I will consider them.

Another 3 Teslas

 

Bought another 3 Tesla share.

Was thinking if I should get greedy.

Maybe buy 5, 10, or 17 Teslas.

Cause I just recently got FCT, which I spent more on that. 

Around 12k SGD.

But decided to get 3, to be more prudent.

Anyway if I want to get, I can always add on.

And also, it leaves me more room to purchase again when it falls further.

The next lvl to buy will be the blue line (200SMA).

I am also more leveraged now, it is good to have a balance.

To be aggressive when there is fear.

At the same time, hold back a little bullets.

And many of the bullets are borrowed.

Come to think of it, the reason why I felt a bit greedy was due to many positive comments about Tesla.

Biden is pro-green, and might give more tax breaks for EVs.

Many youtubers commenting too, like Tesla is giving many hints about the vehicles they expect to produce.

Even Elon Musk said 'Yes.' to those comments.

Heart Fraser Centrepoint

 

Was thinking for a while that I bought too little FCT when there was opportunity in past few months.

Today had another opportunity, and was happy that I got it.

For some time, I wanted to have 10k shares of FCT.

They also recently sold away Bedok Point which was not good.

That was a good re-org.

I set the price to purchase at $2.4.

At past dividends of 0.12, it will be 5% yield.

I keep it at IG account, which gives me a profit of 2%.

And I am buying with debt, with the intention to possess it in future.

It is like using future money to invest, when the price is good.

Price dropped last week and today Monday due to fears that Singapore Covid cases rise again.

It did not matter much to me, as sooner or later, they will go back to normal, however many years they take.

I just feel happy every time I visit North Point in Yishun, I am visiting some thing that I have a share of.

 

Ada coin dropped to US$1.07.

Used another SG$500 to buy.

Part of the reason is because the staking I get weekly is only 0.8 Ada.

I hope to get at least 1 Ada weekly.

The price also plunged today, from around $1.5 last Wednesday.

Also watched the founder Charles video.

He said Dogecoin is bad, and it will give a bad name to all cryptos.

And regulators will come in.

It might be bad, but hopefully crypto is still decentralized.

Today plunge might be due to Biden setting up a committee to evaluate cryptos.

But I read the article, and felt it was not too bad for crypto.

It sounded like they want crypto to stay decentralized, and also they see it as a technology of the future.

That is why I decided to buy on the dip today.