QUOTE(cornered corn @ Mar 14 2020, 02:43 PM)
I have absolutely zero ideas. I only know "buy low sell high", "don't bother with penny stock", "stock split", "day trader".
I think Im going to be a day trader.
Zero idea but want to be day trader I think Im going to be a day trader.
Day trading is not the way to build wealth.
Heavy day traders earn gross profits, but their profits are not sufficient to cover transaction costs. Moreover, in the typical six month period, more than eight out of ten day traders lose money. Despite these bleak findings, there is strong evidence of persistent ability for a relatively small group of day traders. Traders with strong past performance continue to earn strong returns. The stocks they buy outperform those they sell by 62 basis points per day. This spread is sufficiently large to cover transaction costs.
Since 80% lose money over 6 months period, do you think you are that 20%?
QUOTE(cornered corn @ Mar 14 2020, 02:43 PM)
What account do I need?
What procedure should I follow?
CDS?
Best brokerage rate from established firm?
How to trade on international market?
What is the safest way to trade on international market?
... You need to do your own homework. Lazy Google but want to day trade? What procedure should I follow?
CDS?
Best brokerage rate from established firm?
How to trade on international market?
What is the safest way to trade on international market?
QUOTE(cornered corn @ Mar 14 2020, 02:43 PM)
Let's say a stock is now priced at RM5.00. Does that mean I can buy a single unit of that stock at a price of RM5? Or must I buy in bulk?
Am I dreaming thinking I can buy few tens of unit of MAYBANK STOCK with RM500?
Minimum is 1 board lot (i.e. 100 units). If Maybank stock is RM8, you need minimum RM800 (RM8 x 100 units) to conduct transaction. Subsequent purchases is in multiples of board lots (i.e. 2 board lots which is 200 units).Am I dreaming thinking I can buy few tens of unit of MAYBANK STOCK with RM500?
There is odd lot market (<100 units) but the spread is very high and often nobody buys from there because there is an additional fee for buying and selling.
Mar 14 2020, 05:04 PM

Quote
0.0191sec
0.43
6 queries
GZIP Disabled