Spending ~US$3000 to reach Tiger Membership level 8 so you dont have to force it unnecessarily

pcwSg
2023-10-27

The Coverted level 8

Top 1%, exceeding 99% of users [Chuckle]  [Chuckle] 

The benefits

1. VIP App Theme

Out of all the benefits, curious about the VIP skin the most. [Wow]  [Wow]  

Golden skin unlocked

New theme "Golden" glad that it is based on the "Dark" theme since that was what i prefer.[Bless]  [Bless]  

However, the VIP skin is not a permanent unlock... Have to maintain above level 8 to continue using it [Spurting]  [Spurting] 

2. Profile Frame

At least this unlock is permanent, the memorabilia for having made it to a level before.[Wow]  [Wow]  

3. Vouchers

A choice between Stock Vouchers and Commission-free Vouchers.

Stock Vouchers is the better choice imo, special case if a trader trades huge sizes and the commission on a trade is bigger than the Stock Voucher amount.[Allin]  [Allin] 

The VIP Theme

Golden theme

2 obvious differences:

1. In yellow box, the lines of the chart is in white instead of cyan.

2. In orange box, the buttons are in golden instead of yellow.

The Dark theme for comparison:

Dark theme

Other than that, dont see much differences... Feat. $Tiger Brokers(TIGR)$  chart. [Call]  [Call]  

The Journey

With 0 invitation and 54 asset points (yes i am broke af[Facepalm] [Facepalm] ), making it to level 8 was not easy...

Mainly getting points from Futures trading and Options trading.

Made some good options trades (as described in a previous post), and inflated the account... Decided to try for level 8 since i was relatively close to leveling up.

Forcing trades, taking low probability trades without good risk management, means losing money fast... [Heartbreak]  [Heartbreak] 

Summary

In total, lost approximately US$3000 to make it from level 7 to level 8.

Was it worth it? Surely not... But for content to write for this post? Priceless... [Blush]  [Blush] 

Do not recommend anyone else to chase levels, growing trading capital should be the priority, Tiger Membership level comes naturally. [ShakeHands]  [ShakeHands]  

Modified in.2023-10-27
Tigers' Everyday Life
Outside the stock market, what is your daily life like? Share as much or as little as you would like!
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.

Comments

  • jgaldon
    2023-10-29
    jgaldon
    Great review! I concur here...absolutely no point on even thinking about it. One gets to any level out of standard usage, so be it, but zero point on chasing, as there is literally zero value / reward.
    • pcwSg
      but do agree that chasing it is a big no [ShakeHands] [ShakeHands]
    • pcwSg
      there is some value in the stock vouchers, not really "zero".

      just over-trading for it is an expensive move which is surely bigger than the vouchers [Facepalm] [Facepalm]

      different story if high levels get a commission discount or something tangible related to trading, hope that happens one day

  • ZEROHERO
    2023-10-29
    ZEROHERO
    Thanks for sharing! Options fee in Tiger is more expensive as compared to other brokers right? There’s also a minimum transaction sum of USD1.99 per trade plus 8% GST chargeable.
    • pcwSgReplyZEROHERO
      you too [ShakeHands] [ShakeHands]
    • ZEROHEROReplypcwSg
      Noted with thanks. All the best in your trading next week! 😉
    • pcwSg
      can be found in Campaign Center here too
    • pcwSg
      not for now, they are having a promotion:
      https://tigr.link/4Fwzgg

      need to open the events page and claim the reward.
      this makes it $0.75 per contract without any minimum

      this promotion lasts til 31 Mar 2024, but must claim the reward at the campaign page first

  • Tom Chow
    2023-10-29
    Tom Chow
    excellent
    • pcwSg
      [Salute] [Salute]
      thanks for reading
Leave a comment
10
44