Hi everyone,
Anyone do intraday trading? Is it possible to make money from stock market using intraday trading?

Regards,
William

very dangerous bro
very hard to do that in our dead water share market

Thanks.

Bill
If you have a very good forecasting formula I think it is possible.
But if your formula is very good why you only want to do intraday
why not extend it to 3 days and make more profit..
To really know the result you have to tried it out.
BRgds

This post has been edited by rosdi1: Sep 16 2010, 06:49 PM

Why extend it to 3 days? If we can trade several times in a day, then it would be very good right?

Easy, bro.
The market is usually optimistic in the morning between 9am and 10.30am. Many stocks achieve highest price in this period.

If you have observed a stock over a long period of time(day), you will more or less get to know its behaviour.

You r totally right... what I want to say is be as flexible as possible
You might want to do it several times a day or stay on overnight if need be and so on.
I am sure the brokering house and Bursa will like you very much.

Hehehe

Best Regards

true true, our KLSE is dead stale right now. those artificial trading on call warrants and mesdaq help to push up the volume, even though it is still on the ugly side to say the least. yeah, stock exchange would love us the day trader .

... without us, the volume could be under 300 million? ha ha ... joking

---

Added on September 17, 2010, 12:53 amlately made few ringgit through a little 'theory'. this applied correctly to ioi, sime, uemland. next shd be gamuda .. and monday morning shall be clearer, after 8.45 am...hope i am right again ....

This post has been edited by mikehwy: Sep 17 2010, 12:53 AM

Hi bro,
May I know what is the theory you found? Can share some light?

haha, actually not much of a theory, only look at our EPF new share acquisition from every monday newspapers. those will 'surely' go up withi 1 to 2 days. it works for the last 1 to 2 motnhs. it works .....

Q : Can you make money day trading in Bursa Malaysia stocks?
A : Yes, when market conditions are right, usually in a bullish environment where volumes are high and stock prices are volatile during the trading day. There's a time to trade and many a time not to.

Q : Can you make money consistently day trading..........?
A : No, unless you are a genius or in possession of inside information. I don't know anyone who makes a decent living day trading Bursa Malaysia stocks solely. Some disciplined traders do selectively trade several different markets and do ok overall but these people are few and far between.

hi, mind if i ask which newspaper do u refer to? got any website to recommend to gt the first announcement b4 the newspaper?

Of course the most influential one, namely StarBiz. It affects market everyday.

i do not do intraday
but i do bi-day trading
almost everyday
today buy tomorrow sell

like this can earn ooo????

wow, can share with us how to trade and earn bi-day trade? It is good to earn a bit everyday because I want to try to trade as fast as possible.

you just buy and sell within few days that's all
what you just told us
that is a dangerous mind to set to have
wanna do things to fast to make fast money
you could also lose a lot of money fast if you simply trade

This post has been edited by amalthea: Sep 18 2010, 08:53 AM

if you like intraday, better trade in futures,fkli and fcpo...

In the Malaysia Market

Stock (shares, warrant and ETF ), Futures and Options are all the same.

stock you you have many choices. (more than 1000 in KLSE)
you can easily get a 6:4 margin for trading of stocks (warrants and risky shares not included)

Futures you have few choices ( Short or long on FKLI and CPO for 6 different months or so)
In futures you are given a 50: 1 gearing margin.

Options not available in Malaysia

Warrants , ETF, Futures and options are call derivatives

I think if you r new.. you should only touch shares and trade on a medium to long term.

Let the sharks play with the derivatives.

treat daytrade as your "fun short-term sideline income"
other than day-trade, "serious long-term mainstream income"

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....

---

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....

---

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..

You can check in your trading platform. Go to Axiata>Announcement.

---

Added on October 24, 2010, 9:50 pmWow, can share what is the penny stock you trade?

This post has been edited by sdas86: Oct 24 2010, 09:50 PM

PMCAP.. u have to be very careful when play this penny stock.
Some big buyers have join play recently...

I've been playing this PMCAP since it was around 0.40 last time.
This stock get hit during the financial crisis year till drop to 0.20- 0.25 range and later drop to 0.14- 0.18 range.. and lowest ard 0.07 - 0.12
Normally i bought at oversold price range or macd + vol in positive sign.
Sold it when it almost hit the overbought zone..
Buy low sell high concept.

I know its pattern quite well.. I bought using very little fund money because i consider this stock high risk. I use less than 10k to play only unlike last time when market is good i invest more and make good profit.

Recently i bought at 0.10... sell at 0.105.
5%

When drop back.. bought again at 0.10 and sold at 0.11.
10%

Now i que again to buy back at 0.10.. hope can get.
0.105 maybe will grab too.. see how the coming T+3 results.

This counter is NOT for beginners to play with.. will get burn badly if no swift exit plan..
Each tick will give 5% of profit or lost...

This post has been edited by viper88: Oct 24 2010, 11:52 PM

that case can be applied for stock market.
but in futures market, you can intraday trade.

example: FKLI, rm50 per futures contract.

you long 1 FKLI contract at 1490 and it eventually up to 1493pt in the same day.
hence you profit = (1493-1490)xRM50= rm150 for 1 contract *

*if you LONG when the market is up and rm150 is before deducting brokerage fee




daytrading for you will be more HEARTPUMPING if you trade FCPO (crude palm oil futures)

This post has been edited by David Lee: Nov 10 2011, 11:30 AM

That is possible. But need to grab the good news fast and based on market result from Local US, Europen and Singpore.

klse.i3investor.com is a good source where you can read all the consolidated news there fast and convenience.

---

Added on November 10, 2011, 11:47 amOne more things to add is i normally dun trade penny stock. Currently, i am trading Digi, Dialog, HSL and AirAsia for short term and so far so good

This post has been edited by machoman_13: Nov 10 2011, 11:47 AM

If you possess good technical analysis skills, the chart is informing you of future price movement even before the news being released. So, you can capture profit as the market move in favour to your position. As per the topic, intraday trading in futures is much more safer but return is not that much compared to overnight trades. Overnight trades are much more riskier due to open/close price gap and foreign market performance.

FKLI is faster and easier to trade as there is only one counter to monitor. Global and Malaysian economy strength is being reflected in FKLI, simplifying the decision making either to sell or to buy. If you trade shares, futures is an instrument where you can cover your losses in shares trading during economy downturn.

Trade DIGI

you guys are quite true.

it will be even better if you could use technical analysis to support your fundamental news or vice versa whenever you make decision.

i've been trading (paper trade), and so far i find fundamental and technical analysis helpful.

Hello guys,

Anyone trade future market in US via Ninjatrader broker?
Would like to find out is there any law and regulation by Malaysia Bank Negara e,g withdrawal fund from overseas account back to Malaysia.
I heard someone account was freeze by BNM due to withdrawing fund from overseas to his Malaysia account every month. Is that true?

regard
Neoflix

Day trade is a kind of gamble, not to be confuse with investing. As with any kind of gamble, majority will loss money.

In current era, hft is possibly the only viable method for profitable intra day trading.

If day trade can be make as an income, so do gambling at Genting. A wishful thinking from most avid gambler
Most of them end up losing some even took their life.

you are totally wrong

in malaysia, pro daytrader such as PDT & IVT
they are making money by daytrading consistently
some up to RM1-2 m per year
but you are right the failure rate is very high i.e. 92-93% in this industry

This post has been edited by asiatrader98: Nov 6 2018, 10:24 AM

That kind of failure rate is worst than gambling.

but the return/income is very high compare with other industries
even bad time at least 5-6 figure per month for them, good time 7 figure per month also likely
some even never have the losing month over the last 20 years
gambling can not ensure you can make profit consistently
but they are professional .....not everyone can be professional daytrader
only less then 60 PDT lisence issued by Bursa Malaysia and until now maybe 150+/- IVT in the market

in the future, this is the trend to be a daytrader rather than remisier with investment bank

This post has been edited by asiatrader98: Nov 6 2018, 09:51 PM

There is gambling based of blind luck and there is card counting, based on probability and system to estimate your probability of a winning hand.

The former will end with you losing all your money. The latter will end with you walking home with several thousand dollars every night, until you end your holiday and go back to being a math professor.

the most successful one is your broker.

Broker, BURSA and Government.
Pay them to buy. Pay them to sell.

To them everything is a win.

40% of my profits go to those three.

Good observation. My bet is on Bursa.

And BURSA 1818 is also a publicly listed company that you can buy shares in. So you can own part of the House and always win when some retail investors/trader does something on the KLCI.

Yes, am slowly adding as the price becomes even more attractive. The dy is excellent. Always best and easiest to go with the house, it seldom loses.

What is PDT and IVT stand for?

and is it still available to take the license? what are requirements?

what kind of benefits that we get from this license?

What is PDT and IVT stand for?
PDT stand for proprietary day trader the requirement to get this license from Bursa Malaysia the applicatant shall be the degree holder with the 5 years working experience in this industry

IVT stand for investment tranier who are the salary based dealer under investment bank, also known as "stockist" previously, to apply this you only need to talk with the investment bank

what kind of benefits that we get from this license?
Zero brokerage, higher trading limit, intraday short selling for PDT or IVT (IDDS), etc

they are the pro daytraders if they can survive more than 2 years, they work like local member in the derivative market

This post has been edited by asiatrader98: Apr 19 2020, 08:59 PM

I would say this is not entirely true. I learned directly from one of former PDT from JF Apex. He say his income on average is about JUSA C. Which is about 15-25k monthly (no losing month).

And for intraday trader, rarely there is called good/bad times. As long as market is volatile, they can make money, even when market is bleeding because their TP is 3 bid minimum. So, even small retracement can give them a lot of profit.

In order to receive 20k salary, they need to generate profit thrice of their demanded salary. If they Need to prove they able to generate 60k monthly in profit, they will receive 20k salary.

Tbh, its messy job for me. You need to screen a thousands stock and selected fews for trade for less than a day. However his TA is very proven to work in bull and bear market. For me ,better mastering trade FLKI(for non muslim) and FCPO/ Positional trend trader.