Portfolio still hanging on at 80k+.... since I cashed out my Keppel and Mapletree Panasia REIT, I transferred it to my trading acct to support my trades. Got a scare when I FOMO-ed all in on Metaoptics, but lucky enough to out with a low margin of profit. I should not touch that counter if I am not ready enough.
Renewed my SGBBT subscription although I did not make much, but those insights are pretty interesting and gave me enough tips to try my own trading style.
Anyway on a macro scale, markets remain cautious about AI, crypto is entering a sizeable correction, and speculation about interest rate remain. Monies move everywhere as sentiments remain mixed. This is probably one of the times I should not put all my eggs in one basket, and keep my funds for any visible opportunity that surface.
Made a mistake with top glove last month and now I am stuck. UMS as well, but I'm more optimistic about UMS as they're going to stock split and then I can cash out, although most likely with small margin.
Reaching end of year, I remember I shld find chances to cash out if possible as retails are likely to push prices up without much BB intervention. Let's see if I can transfer more funds over to my trading acct.
Update #48:
REITs expectation grew through the month as all expected Fed to cut rates in Oct. Portfolio peaked at 83k before correcting downwards. Some less than extraordinary earnings report plus Fed's curved ball saying "No data for December's rate decision" veered investors away from REITs, prompting major selloffs. That made my portfolio lose earlier gains (just less than a few days ago!)
So such was true that "Sell on news", But then again, no one knows how the news is going to turn out, so it's still anyone's guess whether should hold or sell. Risk-averse investors should just cash out gains once hit target.
Nevertheless, I manage to maintain my 80k. Trading got not so lucky even thought I realised a bit of profit. Unrealised losses surged thanks to my foolish call on Top Glove.
Anyway, November should be a less active month as I continue to monitor the REITs movement. Not sure if there is any optimism lingering around to stir up bull run. If not, I should just close my case and let my portfolio run till end of year.
Update #47:
