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Post by zuolun on Feb 20, 2014 9:55:37 GMT 7
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Post by zuolun on Feb 6, 2015 10:58:20 GMT 7
I open an CFD account is purely for taking short positions. It is the only plateform I knew which could provide that. Having long for 33 years, I am trying short in 2015  . As getting older, I am limiting myself and be less speculative. " For stock prices, they are relatively slower to go up and faster to come down" . "With FA/ TA and all other things being equal; shorting is not worse off than longing....." , Wanna be a kartek...on ring-fence blue-chip stocks? Make sure you open your eyes big big and know who is the lao da = tua cheng kay in Singapore! Olam, SMRT, CMA and the latest, Kepland...all the silly institutional and retail short-sellers die pain pain...  Central banks shift into shares as low rates hit revenues — 15 Jun 2014 Central banks load up on equities — 25 Apr 2013 Temasek stated that it made a net profit of $11 billion, mostly from local companies — 20 Mar 2013 Temasek as substantial shareholder from 2012 AR.
Keppel Land Capital Mall Trust Ascott Residence Trust Capital Land CapitalMalls Asia CEI Cityspring DBS Dyna-Mac(by Fullerton fund) F J Benjamin Gallant Venture HL Global Hutchison IFS Capital Jasper K1 Ventures Keppel Corp KepREIT K-Green trust Keppel T&T M1 Mapletree Ind. Trust Mapletree Commercial Trust Mapletree Logistic Trust NOL Olam Penguin SATS SembCorp Marine Sembcorp SIAEC SIA SingPost SingTel SMRT Starhub ST Engr Telechoice TigerAirways |
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Post by sptl123 on Feb 6, 2015 11:07:00 GMT 7
Thank you very much bro Zuolun for the excellent reminder and caution.  |
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Post by zuolun on Feb 6, 2015 12:12:57 GMT 7
oldman, The risk on short is much > long. In the past, CMC markets CFD used to impose financing costs only on long but not on short; now they impose financing costs on both long and short. When I was younger and did not have much capital, I did use margin accounts for long positions. If one uses CFDs for long positions, it is likely that the daily financing charges will be much higher. Hence, makes more sense to use the broker margin accounts than CFDs for long positions. Nowadays though, I don't use margin accounts or CFDs. Borrowing money to bet on the market is very risky as one is exposed not only to the ups and downs of the market but also to daily financing charges which can mount up very quickly. If you use your own money to invest in the market, you can hold on to the stock as long as you wish without incurring daily financing charges. Then, it is only a matter of choosing the right stock rather than choosing the right stock and timing it correctly. I always have the impression the use of CFDs in local context is for going short. For going long, I rather "take possession" (still true if scripless?) via stock broking firm. I think it aligns to what Dr. Leong prescribes in his book. 
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Post by zuolun on Mar 13, 2015 10:03:34 GMT 7
sptl123, Do not over trade. Check your CFD account for the latest update on interest rate charges. My Malaysia CDS trading account currently charges interest rate @ 8% of the outstanding loan amount. I open an CFD account is purely for taking short positions. It is the only plateform I knew which could provide that. Having long for 33 years, I am trying short in 2015 . As getting older, I am limiting myself and be less speculative. " For stock prices, they are relatively slower to go up and faster to come down" . "With FA/ TA and all other things being equal; shorting is not worse off than longing....."
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Post by sptl123 on Mar 13, 2015 10:49:09 GMT 7
sptl123, Do not over trade. Check your CFD account for the latest update on interest rate charges. My Malaysia CDS trading account currently charges interest rate @ 8% of the outstanding loan amount. I open an CFD account is purely for taking short positions. It is the only plateform I knew which could provide that. Having long for 33 years, I am trying short in 2015 . As getting older, I am limiting myself and be less speculative. " For stock prices, they are relatively slower to go up and faster to come down" . "With FA/ TA and all other things being equal; shorting is not worse off than longing....." Thank you very much Bro Zuolun and really appreciate for the reminder. In 2015, I understand and corrected my problem with over-trading. The current activity is cut to around 35% of 2014. |
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. As getting older, I am limiting myself and be less speculative.
