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

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?

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?