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 Q&A, General question on stock market

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chinnoise_bj
post Aug 6 2014, 07:11 PM

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QUOTE(prudence18 @ Aug 6 2014, 07:04 PM)
Hi guys I'm new here. Would like to open a CDS account. What are the required documents? Which is the preferred bank to open? Cimb , may bank etc?
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I just registered an acc with SJ Securities through my wife. You need to provide a copy of IC, a letter from the bank stating you have an account at the bank (example: you have a maybank account, go to the branch a request a letter with maybank letterhead, stating you have an account with maybank) and RM10. Not sure with other places. Just starting to learn. smile.gif
chinnoise_bj
post Aug 8 2014, 02:04 AM

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QUOTE(prudence18 @ Aug 7 2014, 12:27 AM)
After u registered they will provide u d account and can start to trade?
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If not mistaken. But you need to have money in the acc. I havent start trading. Still reading through this forum. Wanna register? smile.gif
chinnoise_bj
post Aug 17 2014, 09:51 PM

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Bros, wanna confirm this.

Example:

1) If i wanna buy 10 lots of share at RM1.00/unit, but no one is selling at my price, so I wont get to buy that share. Eg: I wanna buy RM1.00, people wanna sell at RM1.05. Correct?

2) Lets say I manage to buy 10 lots, I wanna sell when it goes up to RM2 (original RM1), and only one person wanna buy 1lot at that price, so there will be 9 lots that isnt sold. Correct?

3) If that 9 lots isnt sold, then I wont be able to collect my profit. Correct?
chinnoise_bj
post Aug 17 2014, 09:59 PM

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QUOTE(rayng18 @ Aug 17 2014, 09:55 PM)
1) yes
2)yes
3)no u will get the profit of the one lot sold (if you have yet to pay for them ie within contra period and if you have already picked up the shares then u will get the sales proceeds of the 1 lot sold
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Tq for the info. If profit from 1 lot, still wont cover my cost for the other 9 lots. sad.gif but how do people make profit by selling all their shares? Will there always be buyer to buy the shares at any price?

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