I have very little knowledge of share trading. But for whatever it is worth, here it is.
In about 2005 I started to get an interest in Citybank. I see the SG government bought their shares at $30 a share. The share had then drop to $20 and I thought since the SG gov. is so smart now is a good time to pick up the shares. I bought $20K of the shares at $20 a piece and when the shares drop to $15 I put in another $10K. To my horror the shares drop further and then came the Lehman moments and the shares drop to $5 and have stayed there ever since. So my original $30K investment is now worth less than $10K.
A few years ago I was hell bent on shorting LVS shares. As I saw it then I don't see where MBS going to get their gamblers. Genting is no fool and has the local market pretty much tight up and also the $100 levy. I knew CFD was the route to take. Attended the seminar but instead of getting courted by the salesman/broker they make me study and practise trading on their online platform. I only wanted to short LVS so this was not what I wanted. Just as well I did not short LVS because LVS shot up shortly after this time and my $10k 10% trading margin could be wipe out in 1 days market swing.
In recent days I wanted to short AirAsia shares but found out this counter CFD you can only go long , cannot short. Told it is gov. policy for SG and MY shares. AA shares have not moved in recent months so that is that.
In about 2005 I started to get an interest in Citybank. I see the SG government bought their shares at $30 a share. The share had then drop to $20 and I thought since the SG gov. is so smart now is a good time to pick up the shares. I bought $20K of the shares at $20 a piece and when the shares drop to $15 I put in another $10K. To my horror the shares drop further and then came the Lehman moments and the shares drop to $5 and have stayed there ever since. So my original $30K investment is now worth less than $10K.
A few years ago I was hell bent on shorting LVS shares. As I saw it then I don't see where MBS going to get their gamblers. Genting is no fool and has the local market pretty much tight up and also the $100 levy. I knew CFD was the route to take. Attended the seminar but instead of getting courted by the salesman/broker they make me study and practise trading on their online platform. I only wanted to short LVS so this was not what I wanted. Just as well I did not short LVS because LVS shot up shortly after this time and my $10k 10% trading margin could be wipe out in 1 days market swing.
In recent days I wanted to short AirAsia shares but found out this counter CFD you can only go long , cannot short. Told it is gov. policy for SG and MY shares. AA shares have not moved in recent months so that is that.
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