Saturday, 28 July 2018

[Weekly review] ww30 - saving optimization & 2 new positions

Thoughts
Occupied with work stuff, but managed to trade because my homework was done off market sessions in the weekends.

My savings optimization (see here) has been included as a heading to show how serious i am with the process of earning that additional $2k with initial outlay with no recurring.



Savings account optimization

  • DBS multiplier up. Yet to apply credit card, had some issues registering vickers account, stuck one time and then they tell me service not available.
  • UOB account, applied still pending response. I have emailed them asking for a response as the account opening is so slow, despite me having an existing credit card account.
  • CIMB Fast saver up and running very quickly. haven't transferred much yet though.
  • OCBC 360 yet to close pending UOB opening
I am very impressed with CIMB and secondly DBS digital technology group, they really know what matters when consumers go online.... i can't say so much for UOB though, as i am still waiting.

Transactions
Spackman. Bought in as reversal play as per my stockscan (here). As the week progress, though i am tens of dollars in the red, friday's closing with high bullish volume was very assuring for me. as shown in my plotting. do note that this position is traded on a shorter timeframe 10-20days type. 


UMS. Bought as reversal play as per the stockscan (here). Price retraced a bit, but the low bearish volume provides some comfort for me.



Holdings

CSE Global. Been holding for sometime, in the money and received dividends. can continue to hold until it starts trading sideways. 

Japfa. Doing very well, wanted to scale up today, but was busy at work unfortunately. Will continue to look into this for set ups at maybe shorter time frame.

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