I think his problem is he wants to throw his shares fast but because of the lag in the system, everytime he wants to sell at the current offered price, the prices drop just before his orders are executed. Meaning he sees the Buy orders at RM1.05 and he wants to sell all his shares, but due to lag of his online platform, before he complete his orders the prices already drop to RM1.00 and because of that, the system queue his orders at RM1.05 instead of the current buying price of RM1.00.

So in other words, he needs to cancel his queue at RM1.05 and then try to sell his shares at the current RM1.00 but again he feels frustrated because before he can put in his order for RM1.00, it drops to RM0.95 and so on and so forth.

So what he is asking is if he wants to throw his shares, he will anticipate the the lag of his online trading platform and put his sell order below the buying order so even if it lags, it will be sold to the highest bidder at that moment. So even if he keys in RM0.80 but the buy order is still RM1.00, his shares will still be sold at RM1.00 instead of his order of RM0.80.

Step 1 : Read about the stock market from available material on the web or the local library.

Step 2 : Then register a virtual stock market game in CIMB iTrade. Test your knowledge and practice your plans.

Step 3 : Once you are confident with your decisions, register a CDS account with your prefered broking house and put in some money to begin trading.

Step 4 : ???

Step 5 : Profit!! or loss depending on your decisions.

Ok step 4 was a joke, but I like to emphasize as a newbie in the stock market, never never never and again never go straight for the online stock trading, instead use a remisier/broker/dealer from your broking house so you can ask question and have a better service. Too many people in the forum seem to think the cheapest in terms of costs to trade but some have to pay the 'fees' for their mistakes because they had no guidance on the subject.

So I would strongly recommend you use the services of a remisier/broker and get comfortable how the system really works before you head for the online system which has a cheaper fees. Any uncertainty you can always call them and ask them and they will answer you the best they can. At least you know you are asking a paid professional on the subject matter rather than asking the same question in the forums populated with people like me who is self taught(with many mistakes). No offence to other 'expert' forrumers here.

And regardless of using a remisier or an internet trading system, both will have the ability for you to access the trading portal so you can view up to date prices, news and analysts reports. Which means you can do it at work.

This post has been edited by skiddtrader: Mar 19 2008, 10:18 PM

Normally have to wait 1 week to 10 days to get the letter for the CDS account.

Minimum RM40 or 0.06%.

For OSK, initially needs some deposit and the broker might ask you to put in the same amount in the trading account before you buy. But after a couple of transaction, they won't mind your account not having the amount required as long as you can settle on T + 3.

1) Yes, you can buy 100 shares or 1 lot of the RM5.00 counter. But make sure you tell the remisier/broker is 100 shares instead of saying 1 lots because some brokers still have the thinking 1 lot = 1000 shares. Reasone you can't buy 200 shares is because there are other charges which comes with the purchase.

2) You can buy any amount as long as you have the cash to pay for it. but minimum is 100 shares.


My advise is to not buy shares if you only have RM1 k in hand. Mainly because the charges on top of purchasing price will already kill you when you buy such a small amount.

1) REF is reference price or the closing price of the counter in the last trading day.

2) Yes, HIGH is the highest price for the share for that day and LOW is the opposite.

3) LAST is the last done price at the current moment. And CHANGE is the difference between the last done price at the reference price.

4) VOLUME represents the amount of LOTs already traded for the day. All counters start at VOLUME of 0 and as more people buy and sell, it goes up.

This post has been edited by skiddtrader: Jun 12 2008, 06:50 PM

I experience this as well when I first started using OSK. Normally the brokers will ask you to pick up meaning to actually pay for the share. Because if you intend to sell it before T + 3, they won't pick it up and they will ask you for a sell price to be queued. If you intend to pick it up or buy it and hold it beyond T + 3, you can tell them upfront to pick it up when the transaction is done. This means they won't ask you about it before T + 3 as they know you already intent to pick it up and will settle the amount using your trust account or whatever ways you use to pay them.

It will be credited according to what you choose. I believe under the application form, you can choose either to bank into your bank account or your trust account or issued a cheque.

Normally I ask them to automatically put back into my trust account so I can use it again. Just tell your broker how you want it done. For online trades, I'm not entirely sure how they will handle it. Best you call their help line for that.

This post has been edited by skiddtrader: Jun 15 2008, 11:20 PM

1 lot = 100 shares. minimum is 1 lot.

Start with Investopedia . Do their basic training and also advance for a good idea of how general market works as well as how it correlates with other investments.

Happy learning.

I kind of understand your frustration. I like to help as much as the next person, but after a while I realise better not to get frustrated over these things. I just don't answer most of the time unless genuinely answer seeking people actually made the effort to look for the answer before asking.

A lot of people expect to be fed information without seeking it themselves. At the end of the day, it's their money they are gambling with.

1) Buy before 11/12 meaning last transaction should be before 10/12 5pm. On 11/12 trading day, the counter would already be adjusted.

2) No need to keep until 15/12. You can sell on the 11/12 which is the ex-date after the counter adjusted.

3) -

4) Profit!

Most people determine prices to enter by technical analysis. By looking at past trends and charts, they can roughly guess where the price would most likely attract the most interest therefore preventing it from falling further.

Another way of determining a low price is by way of fundamental analysis. If the company as a whole is worth more than RM1.00, then the share prices would never go below it.

These are the 2 basic ways of determining the "hold price" or the "bottom". But be aware that these are just guesses and estimations. No one can predict the future consistently and there will be times when the direction can totally change.

There are several online articles in Investopedia that explains these terms and a lot more.

I don't understand your first question, but to answer your 2nd one, 'force' that hold up a stock is normally the buying interest of the public and investors which also include the company itself.

Minimum is 0.005.

Its as good as nothing to be honest.

Normally PN 4 or PN 17 means Practicce Notes followed by their Number. Each number carries a different meaning in Bursa. You can see more info here.



While GN3 or GN whatever is Guidance Notes. More info here.

One of our forummer who is a remisier has a good explanation of this warrant in his blog.

http://lklatmy.blogspot.com/

wah why must argue over ROI%? hehe

So far within 9 months, the ROI % is 1916/20000*100.

Not really sure why the 9/12 is added. Trying to use a average return over 9 months over the course of 1 year? Maybe I need a lesson in this as well.

Uhmmm even if 12 months is up and revenue doesn't come up, your ROI will still be the same because you aren't calculating growth which measures time.

The formula you state would mean that if 12 months is up and you don't make anymore money, the ROI would actually increase. Because of the 9/12 added, your 9 months ROI would be lesser than your 12 month ROI even if the return did not change. So definitely is not right.

But if you are calculating the growth of your wealth over time to compare with the compounded interest of FD for example, then you have to set a timeline and your returns at the end of the timeline to calculate your growth from the initial investment to the final sum. This will show how you'd compared against the compounded interest of the FD over the stated timeline.

ROI is just return on investments. ROI % = (final sum - investments) / investments * 100%

Time is not included in ROI calculations.


If you used your calculation,

For 9 months;

1916/20000 * 100% * 9/12 = ROI of 7.185%

For 12 months (no extra dividend given);

1916/20000 * 100% * 12/12 = ROI of 9.58% <<--- This doesn't make sense as how can the ROI increase when your total sum did not?


So I think there is a mistake with the formula given, as I don't think time is a factor for ROI% calculations. Only use time if you are measuring growth over a certain period.



Edit:
I think your calculation can be used to calculate FD interest returns because the interests are fixed on annual basis but you can collect the pro-rated 'returns' every quarter (3 monthly).

Example;

FD is 3% for 1 year.

So for 20000 investment,

20000 * (3/100) * (12/12) = 600 if you hold it for 1 year.

After 6 months from initial investment;

20000 * (3/100) * (6/12) = 300 if you hold it for 6 months

After 9 months;

20000 * (3/100) * (9/12) = 450 if you hold it for 9 months

Since the FD is fixed and can't grow above the stipulated 3% interest and it's based on a 12 month time-line, you can calculate your pro-rated returns. I think this would be a more appropriate scenario where you can use your formula.

This post has been edited by skiddtrader: Mar 14 2009, 05:49 AM