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 STOCK MARKET DISCUSSION V150

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JakeGFX
post Aug 8 2017, 03:04 PM

On my way
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Senior Member
660 posts

Joined: Jan 2012



QUOTE(contestchris @ Aug 5 2017, 01:34 PM)
What I mean is: Sell X lots of Stock A...and the buy Y lots of Stock B on the same day using Stock A's proceeds. Is this possible? Say I get RM10,000 proceeds from selling stock A, can I use RM8,000 of the proceeds to immediately buy Stock B?

Or MUST I wait for T+3, only then the money becomes free?

Trading Account: M2U OST, Cash-only account

Thanks!
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I use the same platform and I have a cash only account on it too. It's possible to sell a stock and then buy another stock on the same day.

After you sell your stock, the cash balance is automatically returned to your account. You can check your Cash balance in 'Online Enquiries -> Acccount Summary' under Account Position.
That's how much you have to purchase stocks at that time (immediately after you sell your stock).

TL;DR : yes you can.

This post has been edited by JakeGFX: Aug 8 2017, 03:09 PM
JakeGFX
post Oct 9 2017, 01:54 PM

On my way
****
Senior Member
660 posts

Joined: Jan 2012



QUOTE(captain_asia @ Oct 3 2017, 06:33 PM)
Hi guys! What do you guys think about MLGLOBAL? Is it worth entering?
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MLGLOBAL is very slow. So if you want to hold it long term, I (my opinion since I also hold for long term) will recommend. TP for me is RM2.00.

But make sure do your OWN research first before entering. Almost everyone here will ask you to do your research before entering a stock.
JakeGFX
post Mar 25 2021, 04:41 PM

On my way
****
Senior Member
660 posts

Joined: Jan 2012



Death. Taxes. Everyday 600 Losers in Bursa.

Edit : 580 losers. my b. tongue.gif

This post has been edited by JakeGFX: Mar 25 2021, 04:55 PM

 

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