I started investing in the US market in March this year with a capital of about $10k USD. Before coming across Tiger Brokers, the strategy I used wasn't possible due to high commission charged by some brokers.
Each of my trade is only about $300 USD and a high commission would have made it unlikely for me to make any gain using my strategy. With Tiger's low commission, I capitalize using the average down strategy, focusing only on 1-2 selected stocks, believing that these stocks will turn green in the long run.
Each transaction, I only tried looking for a 5% profit, buying and selling within a day or two, sometimes even on the same day.
Although I am still stuck on some positions on top, I have made a good 15%-20% on my initial capital from my closed positions.
It has really been fruitful so far and I am looking foward to the second half of the year. Hopefully, my baby steps can help me achieve a small success in 2022.
Comments