wow, quite job 1 month unpaid just for world cup? need meh?

but well, I ain't pro but .. if there's some spoiler match I can safely say the market is gonna be quite active AFTER the world cup ..

lose bet, forced to sell stocks cheap to cover, then stalkers will be seizing opportunity to buy buy buy.

just a plain guess.

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

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

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

From what I read, T day is the day u deal the shares (whether buy or sell) and T + 3 day is the day u need to actually pay for it, some brokers might offer T + 10 days so u got more room to play with when it comes to Contra

btw, I never traded contra before, but interested in it, but my mindset also like jojoko, it seems like only tembak co's the term is short and can't really do any studies beside looking at the trend of up down for the company.

What I'll do to play contra would probably:
- choose companies with high volume (actively traded)
- probably set a small target (e.g. 1 week earn RM 200) and move on from there once experience picks up

Any advice from contro pros here?

18 years old and u have sound knowledge of trading, respect

aku baru started learning

I'm 22 reaching 23 this end of the year.. only started to learn about finance stuff, currently in the IT line but in the world these days one can't afford to be financially illiterate.

I used to play with TheStar punya Marketwatch online portfolio, but damn tipu one lah, u can sell at any price and it's immediate (there's no sell queue or buy queue), I can simply buy Genting's share for the current price and sell it for RM 500 per share (manually entered) and make tonnes of virtual money LOL