$NVIDIA Corp(NVDA)$ Last week my option call was exercised at a strike price of $132 against an average cost of $120+. That's about 10% profit margin realized. Not bad at all. This Monday it continued to run up beyond $135 ๐ ! Anyway I sold an option put of $125 strike price with an expiration date of Oct 25. 2 possibilities: the put option either expires without the stock price pulling back to the $125 mark. It then means I get to keep the premium or it gets exercised when it falls below $125 on Oct W25. For the latter scenario, it means I have to pick up the shares @ $125. Either way works for me ๐ค!
I remember I once went to the community center with my 9-year old daughter to browse through some holiday short courses. She chose 'Business Concepts for Young Children, 8-12 year old'. After the 3-hour course, she excitedly explained to me 'capital outlays', 'compound interest', 'risk management' with some business case studies using simple hand made charts, graphs and cardboard tools. I was pleasantly surprised how much knowledge she gained through fun learning. Today my daughter is in her early 30s and is a business entrepreneur. I suppose there's no model answer whether to teach the young children 'investment' or 'business' or any subject. Ultimately it boils down to the children's aptitude and interest. I'm glad I
$DBS Group Holdings(D05.SI)$ This stock pulled back for the past few days. I decided to accumulate more with my spare cash. In fact, I started accumulating this stock since more than 20 years ago @$18+. I also likewise accumulated shares for the other 2 Singapore banks. I stopped accumulation about 10 years ago and practically leave the stocks self run. The dividends collected so far amounting to more than the original investment amount. Meanwhile, the stock value stands at 3 times of the original investment value. The nest egg has grown considerable size, definitely beats the inflation rate. I call this, 'the golden goose that lays gold
$Tiger Brokers(TIGR)$ Kudos to the Tiger Platform team that's working hard in launching various new functions speedily besides strengthening the stability of the Tiger App over time. With the launch of 24x5 trading facility, here I was testing drive for the first time yesterday. During premarket, I saw share price of $Alibaba(BABA)$ softening. I successfully did a premarket buy order of 100 shares for $78.60 per share. Upon market open for the same day, I did a successful sell for $79.06. It's easy to use, just a simple few clicks away from the user standpoint [Cool] . I look forward to more new functions in the future.
I donโt currently own the stock. Thereโs nothing for me to hold. Nevertheless, the stockโs volatility is suitable for option swing trade. I just did one and closed within the hour for some small gain [Smile]
Stock trading is not meant to be a blaming game. Each trading placed is based on an analysis or opinion using a set of recent market data or technical indicators. These indicators go by the law of statistical probability subject to the influence of the ever changing current market. Each trading assessment should also be time bound (long term, mid term, short term). In short, no one is to be blamed. Just need to look ahead for fresh data and move on.
I am not a football fan but it reminds me of my late beloved father. In the 70s, whenever there's football live matches being screened, my dad would be in front of the black and white TV, watching and cheering, 'goal, goal, goal!!!' My mom would be mumbling away being deprived of her dramas for the time being ๐. I joined the cheers watching footballmatches as that's the way to enjoy and interact with my father then.
It is no surprise that Singapore tops 2022 World Most Expensive City this year accordingto EIU (Economist Intelligence Unit). Supplychain disruption due to China's zero Covid policy and Russia-Ukraine war had driven theworld's inflation by and large. Singapore being a premier world investment hub has the most expensive car ownership price due to government's strict control in car number. Heavy duty is also imposed in alcohol and tobacco. It is indeed the most expensive city for foreigners to live in. However, for the local residents, we have our own way of surviving. The public transport is easily accessible, affordable and convenient. Car ownership is therefore not a strict necessity. Most of us could also do witho
Short term bearish on $APPLE(APPL)$. Bought $150 22/11/11 put, sold $145 22/11/11 put; bear spread pair net cost outlay $3.55. Potential $145 profit per pair for $355 investment by 22/11/11 if share price remains below $145. Monitor daily till 22/11/11 to adjust if necessary.