Closed Revolve

 

Closed out my revolve position just now.

Only had USD$36 profit. 

It should be less than that when deducting the cost of 2 transaction fees.

Main reason for closing is to boost available funds.

Before closing, Available funds was at SG$60.

Now it is $652. Not really sure how that works.

But I read before that if you set a Stop Loss, you will have more available funds.

If your available funds becomes negative, they will give you some warnings and eventually sell your shares.

Maybe I should explore setting stop loss for my shares, at a price which I think it is highly unlikely to reach.

That way, I will be able to see how much the available funds change.

Another thing that I thought of just now. There should be less regrets selling shares now, as it will be a volatile period until the US election result is confirmed. 

Which might be the end of next week.

There are fears that Trump will dispute the result if he loses, and the nation can plunge into chaos.

Scared of China

 I am scared of China

Their might, capability and their aggression.

One of my favourite way to allay the fear is to join them.

And investing in them is a good way.

But maybe not at the moment.

Maybe when price slid to the next support zone.

I am talking about ishares China ETF.

The share components look like those companies that I am fearful of.

Dominating and disrupting many businesses.

Below is their top components.

Currently the PE ratio is also not bad, at 16.

But being me, I always like to buy things at a discount.

So maybe nibble some at the next support around $65.

S$100 mistake

$100 down the basin, just like that.

calculated my position wrongly.

the $600 I saw when I placed 100 order is the margin requirement.

Did not do a simple calculation when buying ($18 x 100 = US$1.8k)

I think I was too tempted by the price drop and good valuation of the stock.

O well, life goes on, and a not too expensive lesson.

US$1.8k is larger than I would like to own

But it is still affordable for me. And 100 is a sweet number.

It is money that I have available and can just purchase it on TD Ameritrade.

But buying in IG allows me to use leverage, and use the money if there are other emergencies.

Bought another 100 Revolve

 Just bought another 100 at $18.07, so I have 200 now.

Only having 100 is a bit insignificant, having 200 at least it is over $1k SGD.

And was watching Cramer, when his video was 1 year ago.

He said it was expensive then, and if it drops below $30, you can buy.

Currently the PS ratio is 2+, and PE is less than 40.

Looking at this stock, I find it more interesting than Lemonade.

Bought Revolve

 

Spent a small amount of money today to own some shares of this tech company.

Did not manage to go very deep into it, but heard of it from Matthew Huo and Jeremy.

Will be researching more about it after I made the purchase.

Got just 100 of it, spending around SGD 600+.

I has been bouncing away from SMA, and now is the exact moment it is at the 50 SMA.

Bought 10 Tesla

 

Bought 10 Tesla (using IG), there is support at 50 SMA.

The next support is around 280

Closed DBS positions

Closed 1000 DBS shares in IG account

Mainly is due them forcing to sell shares

if the available is negative

they had already sold my lemonade and Goog shares

Now my available funds is 2k+

I can take my time to rethink the market agains

currently there are some fears facing the economy

and the real impact is starting to be more apparent

my target is to own 5k worth of DBS shares

currently what I have is 4.5k, including the IG account

I am also looking forward to buy 50 lemonade shares using my TD ameritrade acct

Looking at the chart, I guess I also sold at a good area

which is on the 20 MA line