What is Daily Leveraged Certificates
- A leveraged product that offers investors 3, 5 or 7 times the daily performance of the underlying asset, whether it is a rising or falling market
- e.g if the underlying moves 1% from its closing price the previous day, the value of the 5x DLC will move by 5%
- designed to be traded over short periods of time, usually traded on an intra-day basis
- long and short DLC available to trade both rising and falling markets
- will never lose more than your initial investment
How to Trade DLC
Showing posts with label equity. Show all posts
Showing posts with label equity. Show all posts
24 February 2019
21 August 2018
Stock Picking Template
Income Statement
1. Net Profit Margin for the past 10 years
- look out for
- non- recurring earnings
- reserves
- subsidiary earnings
- depreciation and amortization
2. Net Income > Revenue (for the past 5 years)
i.e Operating profit margin
Balance Sheet
1. Current ratio > 1
2. Debt ratio
- ensure no large debt maturing; may cause re-financing issues
3. Rising retained earning for the past 10 years
4. Current Asset Value (liquidation value) = CA - Liability
- if market price < current asset value, then equity is undervalued
Cash Statement
1. FCF/ Share
2. CFO
3. Cash Ratio = (CA - inventory)/ CL
Dividends
1. Dividend yield - look at 5 year average
2. Dividend payout ratio > 50%
Strategy
1. Easy to understand business model
2. "best in breed" firm
3. Mid to large cap firms (< 2 Bn)
Sidenote: refer to CANSLIM
1. Net Profit Margin for the past 10 years
- look out for
- non- recurring earnings
- reserves
- subsidiary earnings
- depreciation and amortization
2. Net Income > Revenue (for the past 5 years)
i.e Operating profit margin
Balance Sheet
1. Current ratio > 1
2. Debt ratio
- ensure no large debt maturing; may cause re-financing issues
3. Rising retained earning for the past 10 years
4. Current Asset Value (liquidation value) = CA - Liability
- if market price < current asset value, then equity is undervalued
Cash Statement
1. FCF/ Share
2. CFO
3. Cash Ratio = (CA - inventory)/ CL
Dividends
1. Dividend yield - look at 5 year average
2. Dividend payout ratio > 50%
Strategy
1. Easy to understand business model
2. "best in breed" firm
3. Mid to large cap firms (< 2 Bn)
Sidenote: refer to CANSLIM
07 August 2018
Basic Information for Trading the US market as a Non- US Citizen
| As a Non- US Citizen | |
|---|---|
| Not subjected to Capital Gains tax | |
| subjected to 30% Dividend tax | |
| NASDAQ | Indices, Stocks |
| NASDAQ OMX | Equity Options |
| NASDAQ OMX BX | ETF, Stocks |
| NSX | Indices |
| NYSE | Indices, Stocks, Warrants |
| NYSE MKT | Small- cap firms |
| NYSE ARCA | ETF, Stocks, Warrants |
| Mutual Funds | - |
| Trading Hours | |
| DST: 1 April to 7 Oct 2018 - 2130 to 0400 | |
| Outside DST - 2230 to 1700 | |
| Settlement Date | T+2 market days |
| Settlement Currency | USD or SGD |
| Trading Lot | 1 share |
| Share price (USD) | Minimum Bid Size (USD) |
| <1 | 0.0001 |
| >=1 | 0.01 |
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