contra trading

wah can die one leh having the impression of "dun need to spend money to buy/sell stocks" is dangerous, for me lah at least

what if contra loss?

run away? lol

ugh..bloody CI,was dropping almost 10 points in the morning and afternoon.Then all of a sudden shot back up making dropping 2 points only lol

This post has been edited by mobiusone: May 31 2006, 05:18 PM

i love to do contra trading

where need to run 1 just pay up lo.... btw never done a contra loss before

At the end of the day, it's still a DOWN day for KLCI.

WTH is contra trading and contra loss?

i want to ask something.... is it relevent to use S&P 500 index here at KLSE? is there any connection between S&P 500 and KLCI? one more thing about this phrase what is it mean? can someone elaborate it for me

Contra trading is buying stocks but selling it before the day u have to pay for the stocks. No monetary transaction involved in Contra trading except for the profit ppl pay u and the loss u pay ppl at the T+3 day.

In Contra trading, if u can sell the stocks with a higher price than ur buying price, then u dun need to pay anything, u'll just be paid the profit, and the otherway around for the loss

So, the risky part is when greed steps in.. co's it's giving false image that no upfront money is involved, u can buy like .. a lot more stocks (more than u can actually afford with ur available cash) and sell them at higher price and make bucks, but also could lose so much that u cannot afford to pay back the loss.

pls correct me if I'm wrong

p/s: Darkmage12, not everyone is allowed to do Contra trading right? that's what I heard, is it true? If so what's the condition?

This post has been edited by LanEvo7: May 31 2006, 06:28 PM

issit so? i not sure about that wo....i go find out and see

i think everyone can do contra as long its not exceeding T+3 or else they will force selling your stock...but some maybank account(forget which one) even give u T+10 facility with condition la of course

icic

well actually where I heard it from is actually from this webpage, I dunno if u guys have been to it or not

http://www.min.com.my/eng/html/iwshopserieslesson16.html

o i know what you mean liao.... if u dun have proof that you got money some broker firm wont allow it.... or if u no job or steady income

easy to say,i once saw a broker asking a customer to pay his contra loss,its like asking him to sell his house to pay for it.The customer's reaction was furious,raising his voice and stuff,

haiz that kind of customer sure is a noob trader.... if u dunno how to contra trade pls dun do it cos kena liao sure tiam 1

I believe the down trend started one day after the Fed meeting to raise interest rate. S&P drop 30point++ in 2 day it was 1326 then now a 1270. I did short some puts but sold early....... . You following the overseas market Silveru?

I believe the US market will affect KLSE somewhat but about a connection it is beyond me.
The phrase means that fund manager will try their best to outperform the index. E.g if the KLCI did a +3% for 2006, the fund must make a profit of more than 3% in order to beat the index(The 3% usually don't include the charges for the fund).

you trading in US market?
many fund manager cabut before the down trend
btw got any good stock to intro?

This post has been edited by Darkmage12: Jun 1 2006, 08:25 PM

thanks for explaining..~~
means depend on ur sixth sense and tembak 1 company's share to buy..
on the same day..once u see the share raise then quick sell it == earn luuuu

btw, wat tis T+3 or T+10??

tembak confirm lose money need skill 1....
T+3 means that that day the trade happen + 3 days after it only u pay up while T+10 is after 10 days pay up.... correct me if im wrong
so you want to tembak ma?

then mah good lo..got 3 days time for u to wait the stock raise..
once it raise mah fast fast sell it..then can earn lo...wahahhha