Hi all sifu, new to Contra account and would appreciate if someone can explain to me my most recent transaction. I decided to register for Contra because of the day trade rebates.

So I bought 500 lots of Stock A (x5 contra value) for 1.000 and immediately sold for 1.005 via limit order. I only have RM10,000 and due to contra value my trade limit is increased RM50,000.

My gross would be 0.005x50000 = RM250
Nett (after brokerage fee, stamp etc) = ~RM230

How come under Outstanding Position, my contra gain only amount to RM100+? Is there some hidden fee that I am unaware of or is there a separate mathematical calculation for my gain because I used contra funds?

Would appreciate it if someone explained this! Thank you! Still newbie here ._.

nvm i answered my own question. thx

share here the answer..would like to know as well