Well - IF I’d realised my 7k that eventful day OR been less ‘emotional regarding strict Cut Loss strategies', I wouldn’t have gotten into the deadly mess later
NOW - IF I really can’t find anyone else and HAVE TO/FORCED to do my own trading, need DISCIPLINE again and not to repeat my past mistakes sighzzzz
Sighzzzz .... had a great time catching up with 3 lady friends [must be at least >10 years since I last met up with the one doing the new MLM]
The friend who’s spent thousands attending many various trading/options courses & workshops says she’s since stopped trading >1 year ago ever since Contra & Short-Selling were disallowed {hmmm...I didn’t know that such are not allowed anymore since I’ve been out of the trading scene for aeons here !!!! }
That options trading is only for US Market and the time difference was ‘hell’ for her so she stopped .....
I would need to personally attend a weekend Hands-On course if I wanted to trade options as mere ‘reading’ would not help at all here .....
She’s now ‘too lazy and too disheartened’ to do her own personal trading after seeing the value of her portfolio dropped by 2/3 !
She’s simply left money with her Citibanker [but need minimum 200k to be in that Privileged Banking Status] who’ll actively monitor/advise on certain Unit Trusts e.g. a 150k one that pays her $800 pm and so on ....
I’ve been doing some preliminary ‘calculations’ of my own
If I want a much-higher monthly trading return of say around 7-8k pm from my current 92-95k portfolio valuation [down from almost 100k worth as at August], I’ll need to find those 'good & active' lower to mid-priced stocks where I can afford to buy at least 10-20 lots - say if price moves up 20 cents means each lot $200 - so if 20 lots = $4000 [do this twice a month ?] to get that $8k [before less costs etc] ?
e.g. Comfort Delgro at $2.580 today Wed -----> can buy >30 lots there
If 5 cents up -----> $50 x 30 = $1500 only [not good enough !]
If 20 cents up ----> $200 x 30 = $6000
Must check Historical Charts to see share movement - if can have such 20 cents up movements or not in a week or so etc .....
Or target those Below $8 market movers that can easily move 50 cents or so {must start doing my research/look at charts etc}
Say 12 lots of a $7.50 stock = $90k before costs
If 50 cents movement ---> $500 x 12 lots = $6k
Should be able to buy more lots with leveraging on Margin A/C ?
I was thinking of SGX {less homework to do - just go by Trend ?} BUT might not have such 50 cents movements ????
I suppose I could still keep the good blue chips in my present portfolio and let them remain as security for the Margin/CFD Account to be opened - can do Covered Short if feasible ???
Or start afresh - liquidate everything and just start with Cash for simplicity ?
Some of these shares were bought donkey years ago in the 90s and were at ‘dirt-cheap’ prices then ... after a crash etc ....
A pity if I were to sell them but must not be dictated by sentiment here
Now I need to TRADE i.e.. NOT INVEST - Buy & Sell quickly & NOT to HOLD for ages .....
I did warrant trading previously with mainly HSI warrants or Below $1 Counters where I could profit on just 2-3 cent difference on huge volume (ie. 50-100-200 lots or even just half-cent up with 500 lots for penny stocks of 25-30 cents)
- I am not sure what the present market sentiment is regarding warrant trading and whether it’s wise to do it anymore
What’s a good forum to discuss ‘Warrant Trading’ or such Below $1 Counters now ?
In those days we still had the ChannelNewsAsia Stock Forum {remember bigbrother ?} etc for sharing ......
Sighzzz ..... so much ‘homework’ for me to do now .... since no reliable person to do the trading here for me
AND I’ve been Out of Touch of things here too .....
Guess it’s high time for me to really start reading/paying attention to the daily NEWS emails sent by my remisier [instead of deleting them]
AND to go read some Share-Investing Forums too in addition to this forum [which I really hope can be transferred over to the Courtyard Cafe Forum etc instead of being closed by Sam]
