My September P/L Challenges
1) How long have you invested in your best-performing stock of September?
2) Will you cut the loss in time of the stock that suffer the greatest loss and why?
3) What strategies are you going to make to minimise risks in October?
2) Will you cut the loss in time of the stock that suffer the greatest loss and why?
3) What strategies are you going to make to minimise risks in October?
I take long position for my stocks hence I don't monitor the best-performing stock of the month. In general, I suffer some book value loss due to volatility in September but gain in term of dividend and through trading options.
I cut loss based on an acceptable percentage but may hold some stock for longer term. Such stocks may have value and growth potential. The most important thing is the company must have good fundamental.
My strategy for October is to avoid emotional trading - panic selling (fear) and fomo buy (greed). This can be achieved by keeping a suitable amount emergency fund to ensure enough holding power. I kept some of the emergency fund (not all) in Cash Plus Fund because it has a flexible liquidity and give me the leverage to trade options. $Fullerton SGD Cash Fund (SG9999005961.MF)$ and $CSOP USD Money Market Fund (SGXZ96797238.MF)$ which give dalily positive return so far is a good source of passive income.
My strategy for October is to avoid emotional trading - panic selling (fear) and fomo buy (greed). This can be achieved by keeping a suitable amount emergency fund to ensure enough holding power. I kept some of the emergency fund (not all) in Cash Plus Fund because it has a flexible liquidity and give me the leverage to trade options. $Fullerton SGD Cash Fund (SG9999005961.MF)$ and $CSOP USD Money Market Fund (SGXZ96797238.MF)$ which give dalily positive return so far is a good source of passive income.
My other strategy is option trading with calculated risk. Option trading is suitable for both bear and bull market but one must understand the risk involved and dyodd. It is gambling if you merely "copy" other option trading blindly or trade options based on luck. Having a good grasp of macroeconomics news and market conditions will also help to make sound investing decisions.
You can read about my experience in option trading and their risks involved here:
My Options Trading Experience - Keep it Simple, Know your Risk (KSKR)
Selling options at calculated risk Important to manage fear and greed
You can read about my experience in option trading and their risks involved here:
My Options Trading Experience - Keep it Simple, Know your Risk (KSKR)
Selling options at calculated risk Important to manage fear and greed
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