How I Use a Cash Boost Account to Expand My Trading Path š
I really like the Cash Boost Account (CBA) because it gives me the flexibility to trade with leverage in a controlled way. For example, my account is authorized with S$20,000, though this limit can be adjusted higher depending on oneās personal situation. With this facility, I can trade both U.S. and Singapore stocks with 5ā6 days of interest-free funding, which provides a useful buffer for short-term trades.
One of my favorite approaches is to buy lower-priced bank stocks such as OCBC. With a S$20,000 limit, I can purchase around 1,000 shares. After deducting transaction costs of about S$40, even a small price movementāsay, a 20-cent differenceācan translate into a very decent profit. This setup allows me to take advantage of short-term pullbacks while limiting financing costs.
The CBA also gives me access to more interest-free funding, which effectively increases my buying power. Recently, there has been additional good news for new CBA users: 60 days of commission-free trading. This makes it even more attractive for traders who want to take advantage of near-term corrections and scale into opportunities more aggressively.
On top of that, the account can be linked directly to CDP and CPF, which adds flexibility for Singapore investors. Combined with Tiger Brokersā ecosystem, it becomes a powerful tool to maximize short-term trading potential while keeping costs low.
For me, this account is not just about leverageāitās about enhancing efficiency, using interest-free days wisely, and capturing quick gains on stable, liquid stocks. Thatās how I use the Cash Boost Account to enlarge my money-making path in trading
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- twinkle5Ā·08-20This strategy sounds promisingLikeReport
- Esther_RyanĀ·08-21Smart tradingļ¼LikeReport
