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SIA
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SIA
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uiop1223
Supreme |
16-May-2020 22:10
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Er... no no. Sorry if i give u wrong impression. I bet within my means.. my life and family will not be affected even if i lost.
Now, we need to ensure our daily needs are protected before we long or short the mkt.. pls think twice. Sorry if i given u impression to go all in. Life is not certain. Stk mkt even more uncertain. Theres no confirmation that SIA will drop. This is based on each thinking and prediction based on informed decision. But no one knows what will happen in future. Like, i dont even know if i still be alive tml?
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Win2607
Member |
16-May-2020 21:49
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bro, thanks for advise.No turning back already. I will fight till the end. Hope to win back all my losses.
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Win2607
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16-May-2020 21:47
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Hi bro, thanks for your advise, I already decide to win it big or lose it all, if I  burst this CFD account, I will use my credit lines to SHORT again as what bro Uiop1223 advise. I will just go big or go home. 
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famouspinky
Supreme |
16-May-2020 21:42
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Do not trade or invest for ur situation
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nngeeh
Veteran |
16-May-2020 21:22
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Bro, it also depends how much lost can u stomach .... at the current 3.9, if you cut lost now, yr lost is around $1.1K (minus commission and CFD interest). The next 14 trading days is really unpredictable. In medium term, i am also believe it will go down ....but as judging from the past 7 trading days, there seems to be an invisible hand that is pushing up and pulling it down. If it' s being pushed up, every $0.10 up, u will lose $1.1K..... will it gives you sleepless night? You must also set a time frame too ... cos after rights exercise, it may stay sideline for certain time, and you will also need to pay interest for your CFD shorts (5% if you are using Philips Security). If it doesn' t go up or down, how long you will need to wait before cutting lost?
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Win2607
Member |
16-May-2020 20:42
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May I ask all expert traders here, is it a MUST/NORM for all traders to burst their accounts once or lose big before becoming an expert trader ? I am very motivated to be a trader(which I don' t think I have the cut to be one now) because I read those books on Jesse Livermore and turtle trade, saw the news on BNF japanese trader. Is inspiring ! but now I felt that those are just  like fairy tales.    |
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Paullee
Member |
16-May-2020 20:33
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I lost big 8 years back after family issue and took a long way back. Control and play within means. | ||||
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Win2607
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16-May-2020 20:29
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Is because of this covid19, there is no income for two months, so thinking either work as grab food delivery man or take the risk of losing my money and go into trading. Choose the latter, I always believe in  No risk no gain. Is either go Big or go Home.... now I feeling lost my way home...![]()
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Win2607
Member |
16-May-2020 20:21
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Yes, I do monitor the price closely, I watch the prices of the Bitcoin is like roller coaster but I always trade on the wrong side and I also watch the SIA prices whole day,  its like the pulse of a patient in ICU....the fluctuation is so low.
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uiop1223
Supreme |
16-May-2020 20:20
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I feel u. I lost money on pennies such as medtec, UG,, rex
Now i avoid pennies long or short
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Win2607
Member |
16-May-2020 20:16
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I lost about 10k, lncluding the bitcoins trading. This is my last float...![]()
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uiop1223
Supreme |
16-May-2020 20:15
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I still feel that it will fall closer to $3 ( like 3.3 to $3.5) when rights start to trade plus the fact the SIA next qtr results coming out in Jul?
Also, SIA release monthly statistics on passenger and cargo load etc.. $3.70 is not really a lousy price. U need to closely monitor. Remember that if u cover back some, u can use the money to short at higher price. Good that now is CB period, so can monitor more.. haha Any positive news will be external.. like another vaccine potential, Govt stimulus etc.. |
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DooDoo
Senior |
16-May-2020 20:11
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How much have you lost so far?
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Win2607
Member |
16-May-2020 20:05
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Thank you so much for your enlightenment, Much appreciated... FINALLY I can see some light at the end of the tunnel, actually I plan to let it go already. But I am thinking I might get some helps here. I shorted 11000 shares at $3.80. This is my last float......
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uiop1223
Supreme |
16-May-2020 19:58
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Im not too sure whats the qty u shorted. Dont have to disclose here. If im u, i will:
1) cover 50% back if price reach $4.10 2) short at $4.40 how much to short depends on u 3) if price reaches $5 , accept that a wrong bet is made and cover back all My view is that it probably touch $3.5 within 2 wks of rights becoming shares and trading in mkt which is mid to end June. but there are plenty of factors like US stimulus that disrupt our views. So the amt u shorted is not lousy, it probably more of, u went ?all in?. Shorting at different price level is advisable..
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Win2607
Member |
16-May-2020 19:57
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May I know cover back at $3 mean go in Long SIA ?
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uiop1223
Supreme |
16-May-2020 19:50
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Forget something:
shorting a stock is not a long term strategy unlike longing. When u long, when price drops 50%, u can say its paper loss and will recover (although to me, paper lost is still lost) But shorting has limited profit while unlimited loss as per my previous post. Need to set take profit: (a) my current is take profit is $3.5 (cover back 70%) (b) i set a timeline of 2 wks after the rights become shares and trading in mkt. if i see further fall, i cover back at $3 as i dont think it will drop below $3 for the timeline i set So setting take profit and timeline is impt also as shorting attracts daily charges be it SLB or CFD.. That my strategy for SIA. Things will change.. like if SIA issue MCBs again in mid June? Unlikely though |
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Win2607
Member |
16-May-2020 19:44
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Ok, thanks for the advise. I will have to cut loss then. becos I short at a lousy price of 3.80
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Acl2013
Veteran |
16-May-2020 19:39
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You are no entitle to right issue. if you like to hold, you may sell the mother share and buy the SIA R (LRDR), the SIR R is 0.820, and pay the R at ATM $3, total is $3.820 plus brokerage fee, 1000 share the profit is $80. But if too small lot than no worth. or o nothing let it float, or may sell by next week, and wait for next opportunity.
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uiop1223
Supreme |
16-May-2020 19:37
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Next week may go up due to mkt going up again as result of another trn dollars stimulus in US. Determine how much u wish to short SIA (e.g contract value of $100,000)
When i short, i dont go all in. $4.40 is a first level to short (30%) , follow by 30% $4.60. Remaining 40% is $5 For stop loss, u have to determine what level and to follow strictly. Usually, for me, i will cover back 50% when my current loss hits 20%, and whether to fully cover depends on the outlook. For SIA, is quite a weak stock, so covering back allows u to short at higher price. U can use SLB or CFD to short. I dont recommed DLC for obvious recent fiasco. I need to point out that shorting is risky as your loss can be more than what u put in.. for eg, u shorted at $3.8 max win is $3.8 but loss is unlimited.. like $10? Then u lose $6.2
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