[Trade Feed] @Ayking: 33%+ RoR since 2021 debut with Tiger, mastering portfolio strategy

Meet @AyKing , a 41-year-old mechanical designer with a Master of Science in Smart Product Design. His passion for stock investment ignited early in his career, fostering a decade-long journey in Singaporean stocks and three years of immersion in the realm of US stocks. Since opening his Tiger Trade account in 2021, @AyKing has impressively achieved a Return on Investment (RoR) exceeding 33%, surpassing the performance benchmark of the NASDAQ.

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Briefly introduce yourself, share your personal investment growth experience, and how you made your first bucket of gold in the market?

Hi readers, I am AyKing and I have been on earth for 41 years. I am married to my first and only girlfriend, and we have a fun and lovely child. My profession is in mechanical design, with 8 years of academic training and 15 years of working experiences. I have a keen interest in stock investment since I started working as I believe that investing can help to grow my wealth. I started investing in STI companies for about 10 years, however, I did not grow my wealth as desired. In year 2021, I heard about TigerBrokers from my close friends and also the opportunities in the oversea markets. Hence I decided to open an account with TigerBrokers to invest in the US market. Since then, I managed to build my positions during the bear market as well as making profits when the bull returns. I believe I am still working towards my first bucket of gold. To achieve this, my plan is to have a balance portfolio with 60% to 70% of my capital invested in great companies and the remaining capital to be used for quality trades using options.

Are you still investing in the SG market now? How about your asset allocation between SG stocks investments and US stocks investments?

Currently, I am still investing in STI companies, mainly in REITs and bank for dividends.

The allocation is about 40% STI companies and 60% US stocks for investment and trading.

Of the US stocks, about 70% set for investment and 30% for trading. I may change this allocation depending on my risk appetite in the coming years

From your trading share orders, it seems that you mainly trade options. Why did you choose options as your main trading category?

Firstly, options gives me an opportunity to use a small capital to trade in companies with high share prices, and also cap my losses if the trade turns bad. For example, assuming that the share price of Google is $140. If I intend to buy 100 shares of Google, I need to have $14,000 to buy 100 shares in the open market. Alternatively, I can buy a call option with strike price of $140 expiring in 6 months at a cost of $1,500 (for illustration purpose). Assuming the price moves up by $20 within the 6 months, I would have made profits using lesser capital. If price moves down or expires out of the money (OTM), the maximum loss is just $1,500. This brings me to the second reason why I like options.

Options allow me to further reduce my cost of trade. This is achieved by selling a call with the strike price above the buy call strike price, also known as Bull Call Spread. Usually I prefer to choose the sell call strike price at a resistance level.

Options also gives me an opportunity to invest in great companies at a discount, sell it a higher price or collect premiums while waiting for these to happen. Using the Google example, I can sell a put with strike price at $120 expiring 1 month. I am happy if the option is being assigned at $120 as I get to own the shares below $140. I am also happy if the price stays at or above $120 as I get to keep the premium. And If I don’t wish to own the assigned shares, I can set up a sell call at a strike price above $120 (for example $130), wait for the price to reach above $130 and get exercised, or just collect the premium again if the price stay below $130. Hope you can see it’s a win-win situation. 😊

What is the most impressive investment experience you have had?

For investment, my best investing experience would be owning great companies such as $Alphabet(GOOG)$ , $Amazon.com(AMZN)$ , $Microsoft(MSFT)$ and $Advanced Micro Devices(AMD)$ during the bear market in 2022. At that time, I managed to accumulate my positions in these companies at prices around $90. I am still holding on to these companies.

For trading, one of my best trades is buying a single leg call option for $SPDR S&P 500 ETF Trust(SPY)$ at strike price of $428 expiry in Dec 2023, during the corrections in Sep 2023. I managed to achieve 70% of the invested capital within 3 months.

How do you select stocks and control risks?

For investment, I like to buy companies with consistently growing profits for the past 5 years, solid business models and are well-known globally. Examples are $Alphabet(GOOG)$ , $Amazon.com(AMZN)$ , $Microsoft(MSFT)$ , $NVIDIA Corp(NVDA)$ and $McDonald's(MCD)$ . I would usually accumulate when the share price is below the intrinsic value and reaches a support level. If the share price is above the intrinsic value, I would avoid buying. After owning the shares, I will usually hold the positions for years. I would sell the positions if there are negative changes to the business model, or I need cash for emergency.

For trading, my approach is to identify good probability of winning trades by studying the monthly/weekly/daily/hourly charts, support and resistance regions, candlesticks formation and indicators (my favorites are moving averages, MACD and Stochastics). I think this study is important as it provides a probability of the share price to move in a certain direction (up, sideway, down), which helps me to develop my trading plan. For risk rewards, my target is usually minimum 1:1.2. If I like the trade, I will execute the trade using various option strategies. My favorites are Cash secured put, Covered call, Bull Put Spread, Bear Call Spread, Bull Call Spread, Bear put spread.

What is your follow-up trading plan? What are the key directions you pay attention to?

I think no one is 100% sure of where the price will move. Therefore, for the trades that I have entered, I would check the price movement daily and usually 30mins after market opens. If the price moves against the identified direction and reaches my allowable loss (usually 1%~2% of my total trading capital), I would consider repairing my trades via rolling if my strategy is cash secured put or covered call. If the strategy is a spread, I would usually cut lost and move on to another trade. Also, I try not to hold my trades over earnings report as prices can move drastically. This is to reduce uncertainty.

If you were to use one sentence as a slogan to get people to subscribe to your Trade Feed account?

I aim to achieve consistent growth through study of charts and indicators, develop trading plan and execute using various option strategies.

@AyKing and his family having fun at Japan

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