I would like to treat day trade as short term side income.

I get to know that trading in our stock market is not easy.

i m a newbie but i assume u have not much restrictions.

yes u can gain profit from trading in intraday.

assuming u have the big bucks to invest in the high volume stocks by buying and selling huge lots. assuming u know the cheapest rates for online trading.

epf going in to drbhicom and ammb. lets see if this little thing works ...

Problem with daytrading in KLSE is there's very little fluctuation of prices unlike NYSE. That's why daytraders could potentially make big bucks in NYSE like what you see in Wall Street.

epf going into axiata lately ....

anyone want stock or futures charting tool.

pm me.

i suppose u nid a relative big capital ?

After reading some books about stock investment, I change my mindset to dividend investing style. I think that dividend investing is more secure and provide income for me in long term.

daytrading can be quite fun once in a while. ive only done it a couple times in the past 2 years.

Dividend investing is good when the economy is good.... But when the economy downturn, stock market fall and company business worsen, you will get nonthing from you stock and make your cash immobile.... We the retail investor cannot fully follow the knowledge of book where the authors are all successful investor..... my humble opinion....

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Added on October 23, 2010, 11:10 amAny portfolio to share for your day trade???

This post has been edited by winfai: Oct 23 2010, 11:10 AM

Some solid dividend stocks still able to give good dividend and generate profit (although for sure, it will be less during recession) even economy is bad times.

In fact, during economy bad times, it is time to buy dividend stocks, as most stocks price will be depressed during that time.

For day trade, I would prefer go to futures, as ordinary stocks, the price fluctuation is simply tight, which hard to squeeze more juice out of it.
For sure, futures is a different ball games already.

This post has been edited by cherroy: Oct 23 2010, 11:33 AM

Not exactly, this is where we see whether the counters you have chosen are resilient enough for you to use them as your income generators for retirement. When the economy is bad, we can see how far/much the counter reduces the dividend payout.

And then this is where your asset allocation strategy will come in and whether you have diversified enough or correctly to ensure you are still getting a certain percentage of the dividends vs the time when the economy was good.

The recent 2008/9 has been a good time to observe which were the counters that were resilient in their dividend payouts.

Anyway, good counters will still maintain their dividend payouts even in downturn times, no sweat. Furthermore, if economy is bad, everything also goes down, expenses, other asset classes, etc. Hence, all will go down together, it will sort of balances up.

Perhaps you are right.... It is really depend on the individual stock you buy.... Future is too high risk for me....

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Added on October 23, 2010, 8:09 pmChoosing a good counter really important.... Agree

This post has been edited by winfai: Oct 23 2010, 08:09 PM

" Choosing a good counter really important.... Agree "

Winfai, there is no better time to see if the counter you have chosen is good or not, against when there is an economic downturn, and you observe closely which counters fall. Then you will know which counter to buy from thereon.

If you are retired today, and have taken up a number of counters to provide you dividend income, then a downturn hits, you will never know if your income generators will stand unless you have gone through the above cycle that I have mentioned.

With good capital to invest.. each trading day or in T+3 days can makes quite alot of profit also if manage to ride on the good uptrend stock.

I've experienced making few hundreds to thousand in my intra-day and T+3 trades before. Its really exciting if everything goes as ur trading plan..but it will become stressful if market turns bad.

The losses also will be high if didnt have any cut lost plan and no swift action taken. Due to my bz office work schedule and less time to monitor/do analysis i stop it for quite some time already.
Its too much much risk imo... Now i only do short/mid/ long term trades.

Unless u can really manage ur time well and do fast and swift action trades plan...its possible to make profit from active uptrend market.
The risk is alwys there. Its how we do the trading plan to maximise the chances for profit and also minimize the losses.

I still have the desire to go full time investing...
Maybe when the time is right... i'll quit my job and be my own boss.

Steady income vs fluctuate high income.

Greed is good sometimes...

Cheers,
viper88

This post has been edited by viper88: Oct 24 2010, 12:19 PM

Thanks for your all sharings.

It is good for people like you to share their own thought and thinking.


I see 2 Billions trades a day is making a come back soon ( pre election impact )

All the best to you

I agree with you. It is important to choose good stocks with good stable dividend. Over the ling term, we can make good income from stocks.

Do u mind from where can I check which stock epf acquire. If news paper what news paper and is there a column for that.

Thanks....

For me, good capital to do day trade or T+3 trade is RM50K -100K.
If have more capital better.

With just 1 tick price jump, the profits can be about RM100++..
Sometimes, 1 tick price jump, profits is abt 1K for penny stocks coz can buy many units:hehe:

Normally i'll divide the capital for 2/3 different entry price for the T+3 days if the stock price already surged earlier. Will buy in stages in case the price goes down abit the following days.
If very confident the stock will rebound and its price at oversold stage, normally i will max out to invest as chance to get profit is much higher.

Cash out when hit the selling price ard 3-5%. If the buyers is very strong.. i will leave it profit roll and sell on the T+2 days /T +3 days..

Eg.. invest 100K..
Profit 3-5K.

Or invest 50K
Profit 1.5K - 2.5K

Sometimes if the counter invested is performing very well... 8-10 % profit is possible.


Cheers,
viper88

This post has been edited by viper88: Oct 24 2010, 09:35 PM

No risk no fun mah..