Friday, 11 October 2024

Bloody CCP pump and dump

 Stoks

  • After all the big hype on how China will have a big bull market for this week after the golden week, end up fking the whole retail again.
  • Bought 3067 on Mon hoping to take some 10% gains, ended up losing 10% the following day.
  • To be precise, entire CN and HK market started dumping throughout the week.
  • End up cutting loss on everything and taking almost 4K L.
  • Luckily DBS managed to negate the losses by gaining 1.7% for the week.
  • Still waiting for opportunities to buy and looking at its yield vs OCBC, still not as attractive.
  • Earnings is less than 1month's time and based on JPM earnings and also US yield going up, this means higher for longer rates.
  • Most probably another 0.5% cut for this year, too much will mean economy is bad.
  • Bought back VUAA, dca more into TSLA after its 10/10 event, turns out stock will likely tank after every event.
  • Plan to buy if big dumps happen like yesterday, topped up another 5K SGD into IBKR.
  • Decided to test out JEPQ with 10K USD, div payout every first week of the month and after WHT, should still yield over 7%.
  • Started CSP on TBL account for NVDA, main thing is to beat the SGD MMF rate of 3.2%.
  • To break my 1.2m resistance, will likely have to buy more US stocks. Doubt DBS to be able to keep going up now.

US P/L 264197.61

SG P/L 126032.14

HK P/L 163206.17

IBKR C63923.50 $65035.73

Up-ed approx 10K for Tigers, 0.9K for IBKR




Put another 36k SGD into MMF, 66005.55

1.3009 USD FX, likely to appreciate 







-HK holdings
+JEPQ






+VUAA lumpsum
+TSLA






Life
  • Will be getting my 2.4K from trader fren, after that will be 2 more payments before loan repayment.
  • Got fren's wedding invitation for 30Nov at M hotel, probably last for the time being.
  • Received QC for my 2 BP but still waiting for tracking status, the wait is so damn long.
  • Went for my IPT for the year, 9 to go.
  • Will be applying for BTO for KBG, fingers crossed to be allocated a 4rm there if not no votes to PAP...pkl

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