Day 7: Rate Cuts TGIF

Southgate : Maybe you can consider stocks on a good run after the rate cut like $Wynn Resorts (WYNN.US)$  & $Las Vegas Sands (LVS.US)$  to catapult up the rankings.

Malik ritduan : ok

102891321 : Hi i’m a newbie here doing some trading on my own, i’m keen to learn some investing tips and tricks from investors like you! Do you have any 2 cents to give for new investors like me?

CasualInvestor OP 102891321 : Will be easier to know how you trade so that the sharing is more conducive.

Your risk tolerance will affect how you trade.

Knowledge and preference for basic or more layered strategies.

Much much more to learn about trading than just quick buy and sell actually.

I can relate with you precisely as I’m also a casual investor and had to pick up at some point as a noob until I got more comfortable with experimentation and experience.

But I believe each one will develop their own style as we are all different with our risk tolerance and goals.

102891321 CasualInvestor OP : Thank you for your reply!! I’m sort of a like a long term trader. My current portfolio is mostly made of tech and semi conductor stocks… not so good haha. My available capital is roughly only around 8k sgd but i’m looking to grow that slowly with time. I’m also looking to trade options but i haven’t  really had the courage to do so.. are there any youtube channels or news sources you would recommend gaining knowledge from as well!

CasualInvestor OP 102891321 : 8k is a good start. I started with 3k into MooMoo. But as I prefer to stay on the safer side of things. I will suggest between keeping 50% to 80% of your capital in cash plus. The balance you can use for stock trading and while you gain more profits or capital, you can explore covered calls 1st. Or buy calls as the market is bullish. Buy puts if your bearish. Although there’s time decay. You won’t lose much besides from the initial premium and have the opportunity to earn more from the small capital outlay.

I’ve gotten to the point where I sell options of A to finance the stocks or buying options of B. Something you can explore as well over time.

Do understand the risk of options and the usual disclaimer that it all comes with risks.

If your risk adverse. Stick with cash plus 1st. I feel having daily positive interests is very motivating. Especially that was how I started, when I wanted my to work harder than sitting in a bank earning .

As I learn best by trading. I’m not scared to say the learning journey for options was slightly painful at the start. Thus only use capital that you can afford to lose. That’s the best strategy for trading journey understanding the cost of the risks.

102891321 : Thank you so much :)!!