Monday, July 5, 2021

Sustainable to become full time stock trader??

Due to home bias, I had been buying SGX related stocks since 2013.

Home bias is the tendency for investors to invest the majority of their portfolio in domestic equities, ignoring the benefits of diversifying into foreign equities.


I only venture out to US stock market in May 2021 where I bought Crowdstrike and made 21.6% in 12 days (Link). 

This % is ultra rare in Singapore market (excluding penny stock where risks are high).


This caught my attention and interest level became super high, wanting to explore more on US stock market.





If I can maintain or do better than June 2021 profit consistency for the next 12 months, then I can start to consider switch to become full time stock trader.



If you have successfully switched from 9-5 jobs -> Full time trader OR unsuccessfully going to switch from Full time trader back to 9-5 jobs, would like to hear your stories / experiences / tips :)



I wont be posting my BUY SELL post so often for now (Last post was Added: Mastercard) since I will be going for super short term trading.


Aside from home bias which stopped me from venture out of Singapore stock market, stock platform was also another factor.

Thanks to Tiger Brokers, you have make it so simple and easy for me to continue use you and now become my favorite apps.


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I used POEMS for more than 1 decade and DBS Vickers for few years.
Between these 2 platform, I prefer POEMS due to its simple UI.

I started using Tiger only in Dec 2020 and it is now my preferred brokerage firm.

The advantages of Tiger over POEMS are:
  • The UI & UX of its apps
  • Easy to use & useful features
    • News feed
    • Analysis in easy to read graphical chart / diagram
  • Instant
    • Cash instantly appear in my Tiger account once I sold it instead of the need to wait for few days to reach my bank account
    • Ability to convert diff currency instantly and consider its good exchange rate
  • Super low fees 
  • Benefits such as Stock voucher aka free money
  • Games  (Predict the Market's Rise and Fall)
    • The tiger coins won can be used to exchange for Stock voucher ($$$) [Super practical]
    • Daily check in to Tiger apps will earn you tiger coins too :D
  • Forum
    • Ability to communicate with other investor via posts (Similar to Investing Note style)  







Tiger broker is giving new sign up user 1 x Starbucks share + 60 commission free trades + 500 Tiger coins if you makes an initial deposit of at least 2000 SGD or equivalent currency.








 

Related post:

1) Summary of my portfolio - Jun 2021

2) Summary of my portfolio - May 2021

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