“I invest in these sectors as per what my research leads to and according to the investing climate now.”
@Y.K.A, I’m 39 and I’m aspiring to be a full-time trader
What is your background story? When did you first start trading?
I started investing in my early 20s but at that time, it was just through third parties. I only started actively trading myself in 2020 as it seemed like a good time for experimenting.
Where did you hear about Tiger Trade?
I heard about Tiger Trade from one of my best friends.
What is your Tiger portfolio size?
My current portfolio size is $15,000.
What's in your Tiger Trade portfolio right now? and why did you invest in these specific companies?
My Tiger portfolio consists of tech, biotech, airline, oil and gas, coal, and metal mining stocks, and traditional and leveraged ETFs*. I invest in these sectors as per what my research leads to and according to the investing climate now. Tech is for a long-term hold, biotech and clean energy metal mining stocks are for recession, while others are for dividends and short-term trades.
What are your investing styles or strategies?
My investing style is a balance between: (1) value investing and speculation, and (2) growth stocks and dividend stocks.
My investing strategies include:
(1) Buying low and selling high
(2) Hunting for high dividend yield stocks
(3) Buying growth stocks during bear markets
(4) Looking for stocks that are related to news
How are your returns so far?
I’m just aiming for 4-5% returns for my day trades at this point in time, so I would say that my returns are minimal so far. My current goal is capital preservation and honing my day-trading skills*.
What's a piece of advice you'd give a beginner investor?
Don’t have the FOMO and don’t be greedy! Always buy a stock at its low even if it’s a stock marked for price growth and even if everyone else is buying it. Find another stock if you have to and never buy a stock near its 52-week high as there is a long way to drop in a bear market.
What stocks or options are you watching right now? Why?
I’m looking at stocks from all sectors except banking, consumer staples, and utilities as increasing inflations and interest rates, supply issues from China, and increased costs due to the energy crisis might weigh unfavourably on these sectors. As for specific stocks, I’m waiting for the price correction of Tesla, Apple, and semiconductor stocks before entering again.
What are the characteristics of your ideal stocks? For instance, if you had to choose right now, which US stocks do you like best and why?
Characteristics of my ideal stocks are (1) regular dividend yields of 10-20%; (2) stock price as close as possible to its 52-week low; and (3) stocks with growth potential or in the clean energy sector.
What are your opinions on global stocks in the next few months?
The market will continue to be volatile during this period, and we just have to keep up to date on world news and be observant of the investors’ point of view and actions and react accordingly. It’s supposed to be a bear market, but it appears that bulls have too much savings to buy the dip. It’s a matter of how many more crises will the world be thrown into, whether any of the current crises are resolved, and how much more money the bulls have to buy the dip.
Are there any memorable achievements that you have made in your investing journey? What did you learn from them?
I think my most memorable achievement was to do what’s uncommon by investing in ASX stocks and being able to share about them with fellow investors in the Tiger Community. My ASX stocks have given me more profits as compared to investing in SGX blue chip stocks and US tech stocks. I’ve written a series of posts to share what I’ve learned, and you can find them on my Tiger Community homepage.
Are there any mistakes you have made in your investing journey and what did you take from them?
I would say my mistake thus far is not securing profits when I should have. I could probably have made more profits if I had let go of some of my holdings earlier. I’m trying to find the balance between investing for the long-term and securing profits first while waiting for the next dip.
What's your investment goal in 2022?
My overall investment goal in 2022 is to have more mastery in day-trading while preserving my capital.
* Leveraged ETF and day trading strategy may carry high risk and may not be suitable for all investors.
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The material and content posted is for information purpose only and does not constitute an offer to sell, a solicitation to buy, a recommendation or endorsement for any financial product or strategy, nor does it constitute an offer to provide financial product advice by Tiger Brokers (AU) Pty Limited, “TBAU”. TBAU makes no representations or warranties and takes no responsibility for the accuracy, truthfulness, legality, decency, or any other aspect of any comments and views shared by the interviewers in the post.
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