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newtrade Master	27-Jul-2016 16:40        newtrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keke ... General and Capt  I also loaded at 332 yest ... hope it chong more ...  SuperLuckyCorn      ( Date: 27-Jul-2016 16:25) Posted: General notibird, Thank you. Congrats to u too. Cheong arr!!! ^_^ notibird      ( Date: 27-Jul-2016 16:09) Posted: Save The Earth... The monkey has revealed his presence and he will now teach karteks a le$$on they will never forget and which is - never SHORT a counter which has a monkey babysitting the price. Now 3.33 : 3.34. CONGRATS General Lucky !!! CHEONG arrrr !!!
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notibird Veteran	27-Jul-2016 16:27        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	This is a sample screen shot of my Profit & Loss Statement for my trades closed on 13 Jul 2016. Under the FUNDING column, you can see the interest charges for holding these positions overnite for 1 to 2 nites. Under the COMMISSION column, you can see how low the com really is.
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SuperLuckyCorn Supreme	27-Jul-2016 16:25        SuperLuckyCorn About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	General notibird, Thank you. Congrats to u too. Cheong arr!!! ^_^ notibird      ( Date: 27-Jul-2016 16:09) Posted: Save The Earth... The monkey has revealed his presence and he will now teach karteks a le$$on they will never forget and which is - never SHORT a counter which has a monkey babysitting the price. Now 3.33 : 3.34. CONGRATS General Lucky !!! CHEONG arrrr !!!
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notibird Veteran	27-Jul-2016 16:09        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	Save The Earth... The monkey has revealed his presence and he will now teach karteks a le$$on they will never forget and which is - never SHORT a counter which has a monkey babysitting the price. Now 3.33 : 3.34. CONGRATS General Lucky !!! CHEONG arrrr !!!
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spore1 Supreme	27-Jul-2016 16:01        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree! Trade with extra care. notibird      ( Date: 27-Jul-2016 11:58) Posted: Yes. That' s all part of money management. But its not a bad thing and its not scary or difficult. Before I tried CFD, I read from others what you just said and somehow, it comes across as so negative and so scary that people get put off and hence dont investigate further into CFD as a viable trading vehicle. But after I got into it and came to know of its pros and cons, I realised it was the best thing that ever happened to me and I wish I had gone into it much earlier. People who have discipline... most of us do... you will find CFD a far superior platform for short term trading. And you will find a sudden and pleasant increase to your firepower with the same amount of trading capital. You too will wish you have taken the trouble to find out about CFD earlier. But for those who have NO MONEY DISCIPLINE... dont read on anymore. Stick to your cash account. And never sign up for a CFD account as it can ruin you and put your finances and that of your loved ones in jeopardy. Its the same as credit cards. If a person cannot get hold of credit cards, he can spend only what he has. He will have to quash whatever urge he has to splurge lavishly and unnecessarily. But if he suddenly is able to get his hands on credit cards...not one but many. And he has absolutely no financial discipline at all and he goes on a spending spree until he hits his credit limit for all his cards and is forced to stop spending, by then, he would have chalked up a mountain of debts.  How many of you here have credit cards? All of you, I suppose. Your credit card empowers you to spend 3 to 5 times of your salary. Are all of you with credit cards, in deep and dire financial straits? No, right? Your credit card is more for convenience than for credit. Its the same for CFD. If you have financial discipline, CFD will help you. Not ruin you. But if you are the type who has MAX out all your credit cards, forget it. CFD is not for you.  My snipers and I are more or less exclusively using CFD to trade. The ability to run with 1 bid, if need be, is so very, very useful. For long term BUY & HOLD, my snipers use cash account. But for intraday and short term trading, CFD is unbeatable. spore1      ( Date: 27-Jul-2016 11:34) Posted: Don't forget to include TOP up yr cash if fall below certain amount . If not yr position will be forced to close automatically
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notibird Veteran	27-Jul-2016 15:54        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 1   x 0  Alert Admin	Here' s another illustration of the big big com difference between using cash account and CFD. Say... to trade 1 lot of UOB currently at $18.91. If you use cash account, your com at 0.31825% (based on com of 0.5% + clearing fees, etc + GST) for 1 lot is $60.18 when you buy. Meaning you need 13 bids (or 13 cts) just to breakeven on this trade. If you sell at 13 cts higher, ie. at $19.04, your com when you sell is $60.61. Your gross profit for 1 lot x 13 cts is $130.00. Your 2-way com is $120.79. Meaning... your net profit after com is only $9.21. If you use CFD to make the same trade, your 2-way com at 0.1% when you buy and sell is a total of $37.95. Your net profit for this trade of 1 lot x 13 cts is $130.00 less $37.95 = $92.05 !!! In other words, when you use cash account to trade 1 lot of UOB, you make all the decisons, provide all the capital and take all the risk. And if you succeed in making $130... your broker...who did nothing...provided no capital...and assumed no risk... gets to keep $120.79. You... the GOONDO who did everything... keep only $9.21. Very fair hor?
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notibird Veteran	27-Jul-2016 14:38        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	I have done my market survey. All the other houses charge twice as much or more. I cannot mention the name of the House as most forums have a rule against advertising. Whether one is merely sharing good info for the benefit of others or one is advertising is a grey area. Call Edna at 98483133 to assist you from start to finish. No need to meet up. Just mention my nick and your nick and this fourm and that I referred you to her for assistance. investshare      ( Date: 27-Jul-2016 13:26) Posted: General Notibird, thanks for the details. Which CFD you use? I checked CIMB rate is higher than what you mentioned. notibird      ( Date: 27-Jul-2016 13:22) Posted: Interest is charged on the value of your positions, not the price difference between your position and the market price. As the price of your counter rises or falls, the value of your position will also change. Interest is based on this ever changing value. If you LONG a counter and hold until XD, the House will pay you dividends. If you SHORT a counter and hold until XD, the House will collect the dividends from your trading capital. So my snipers and I are mindful of counters trading at CD. If we SHORT such a counter, we will aim to get out before XD. When it comes to other corporate actions such as bonus issue, rights issue, etc etc... each House will have their own set of rules how they deal with such issues. Some of these corporate actions cannot be duplicated by a CFD House. So when it occurs, the House will require you to close your position before the cut off date. For myself, I am bothered by only CD and XD. The other corporate actions dont bother me. But its good to ask the House for clarification on how they deal with the corporate actions which matter to you.
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investshare Supreme	27-Jul-2016 13:26        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	General Notibird, thanks for the details. Which CFD you use? I checked CIMB rate is higher than what you mentioned. notibird      ( Date: 27-Jul-2016 13:22) Posted: Interest is charged on the value of your positions, not the price difference between your position and the market price. As the price of your counter rises or falls, the value of your position will also change. Interest is based on this ever changing value. If you LONG a counter and hold until XD, the House will pay you dividends. If you SHORT a counter and hold until XD, the House will collect the dividends from your trading capital. So my snipers and I are mindful of counters trading at CD. If we SHORT such a counter, we will aim to get out before XD. When it comes to other corporate actions such as bonus issue, rights issue, etc etc... each House will have their own set of rules how they deal with such issues. Some of these corporate actions cannot be duplicated by a CFD House. So when it occurs, the House will require you to close your position before the cut off date. For myself, I am bothered by only CD and XD. The other corporate actions dont bother me. But its good to ask the House for clarification on how they deal with the corporate actions which matter to you. investshare      ( Date: 27-Jul-2016 12:41) Posted: General Notibird, Thanks for the explanation. On the interest charge, is it applied on the share market value? Or on the price difference? Also, how does CFD deal with dividend? For example, if you buy share CD, what happen when share price drop due to XD?
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notibird Veteran	27-Jul-2016 13:22        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	Interest is charged on the value of your positions, not the price difference between your position and the market price. As the price of your counter rises or falls, the value of your position will also change. Interest is based on this ever changing value. If you LONG a counter and hold until XD, the House will pay you dividends. If you SHORT a counter and hold until XD, the House will collect the dividends from your trading capital. So my snipers and I are mindful of counters trading at CD. If we SHORT such a counter, we will aim to get out before XD. When it comes to other corporate actions such as bonus issue, rights issue, etc etc... each House will have their own set of rules how they deal with such issues. Some of these corporate actions cannot be duplicated by a CFD House. So when it occurs, the House will require you to close your position before the cut off date. For myself, I am bothered by only CD and XD. The other corporate actions dont bother me. But its good to ask the House for clarification on how they deal with the corporate actions which matter to you. investshare      ( Date: 27-Jul-2016 12:41) Posted: General Notibird, Thanks for the explanation. On the interest charge, is it applied on the share market value? Or on the price difference? Also, how does CFD deal with dividend? For example, if you buy share CD, what happen when share price drop due to XD?
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notibird Veteran	27-Jul-2016 13:08        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	When you trade via a CFD account, do your trades as if you are using cash. Say, I want to LONG ST Engrg at 3.30 x 10 lots. I will need $33K to make this trade if I am using cash account. So likewise, make this trade via CFD only if you have $33K in your CFD account. Margin is 10% for the first 15 lots for this counter. So when you make this trade, $3300 which is 10% of 33K will be set aside as margin. Your com at 0.1% or $33 will be deducted from your capital to pay for this trade. Your Available Capital after making this trade is $33,000 less $3300 for margin and less $33 for com = $29,667. Say the price falls to 3.25 meaning you have a paper loss of 5 cts x 10 lots = $500, your House will take $500 from your Available Capital of $29,667 to set aside to cover this paper loss. At this stage, your PAPER LOSS will show -$500 in red and your new AVAILABLE CAPITAL will show $29,167. If the price falls another 5 cts and you are still holding that position, a further sum of $500 will be taken from your AVAILABLE CAPITAL to set aside for the PAPER LOSS. Your PAPER LOSS will now show $1000 and your AVAILABLE CAPITAL will show $28,667. For each day you keep your position open, there is a daily interest charge which is calculated at SIBOR + 2.5% of the value of the outstanding position. This interest is deducted from your AVAILABLE CAPITAL daily. And its not a big sum. Its not scary so dont let this scare you. Only if the price of your stock keeps dropping and you are still holding on to it... until there is no more money left in your AVAILABLE CAPITAL that your House will ask you to top up your account. But for that to happen, it means your stock bought at 3.30 has become zero.  So if you use CFD like it is a cash account, ie. you have the full amount necessary to make a trade, you will be fine. You wont face a margin call from your House to top up your account. Those who face margin calls are those who max out their margins and use the minimum of capital to make their trades. Let me illustrate... I want to trade 10 lots at 3.30. I need 33K if I am using a cash account. But I dont have 33K. I have only 4K. Nevertheless, I am gungho (or more like I am greedy, impatient and imprudent) and I still want to trade 10 lots using 4K as seed money. So I open a position of 10 lots at 3.30. A sum of $3300 is taken from my capital of 5K to set aside as margin. Another sum of $33 is deducted from my capital for the com. My AVAILABLE CAPITAL is only $667. From here, if the price falls by 8 cts which is a paper loss of $800, I wont have enough money in my CFD account to buffer that paper loss. The House will call me to top up my account. If I cant or I refuse, the House will close my position at a loss. Say the House sells my position at 3.22. The com for that sale is $32.20. The loss for that trade is $800. So what I have left of my trading capital is: $4000 less trading loss of $800 less 2-way com of $65.20 = $3134.80. This example is based on an intraday trade situation where your trade is closed on the same day. If your trade is closed after say, 3 days, then there is a further deduction from your capital for 3 days of interest charges. So you see, if you hit a margin call and you dont top up and the House force close your position, that is not a bad thing. It actually saves you by helping to preserve the bulk of your trading capital. It is only in rare situations where let' s say your counter got hit by some bad news and it opens with a gap down of say, 40 cts, 10 lots means your loss is $4000. But you forked out only a sum of $4000 for this trade. In such a situation, you will lose all of your capital if you dont meet your margin call and the House closes your position. If you want to stay in the trade and hope for a turnaround, just top up your account and the House will let you hold your trade for as long as you want. Its the same as if you had used cash account to make this trade. A gap down of 40 cts also means you have a paper loss of $4k which you will have to deal with either by cutting and taking the loss, or hold on and hope for a turnaround. But one big difference between CFD and Cash Account is that for CFD, your com is 0.1% nett regardless of trade size. For Cash Account, it is anything from 0.18% (for trades above $100K) to 0.5% (for trades of $50K and below) and on top of that, you have to add SGX clearing fees, Data fees and GST.
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investshare Supreme	27-Jul-2016 12:41        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	General Notibird, Thanks for the explanation. On the interest charge, is it applied on the share market value? Or on the price difference? Also, how does CFD deal with dividend? For example, if you buy share CD, what happen when share price drop due to XD?
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notibird Veteran	27-Jul-2016 11:58        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	Yes. That' s all part of money management. But its not a bad thing and its not scary or difficult. Before I tried CFD, I read from others what you just said and somehow, it comes across as so negative and so scary that people get put off and hence dont investigate further into CFD as a viable trading vehicle. But after I got into it and came to know of its pros and cons, I realised it was the best thing that ever happened to me and I wish I had gone into it much earlier. People who have discipline... most of us do... you will find CFD a far superior platform for short term trading. And you will find a sudden and pleasant increase to your firepower with the same amount of trading capital. You too will wish you have taken the trouble to find out about CFD earlier. But for those who have NO MONEY DISCIPLINE... dont read on anymore. Stick to your cash account. And never sign up for a CFD account as it can ruin you and put your finances and that of your loved ones in jeopardy. Its the same as credit cards. If a person cannot get hold of credit cards, he can spend only what he has. He will have to quash whatever urge he has to splurge lavishly and unnecessarily. But if he suddenly is able to get his hands on credit cards...not one but many. And he has absolutely no financial discipline at all and he goes on a spending spree until he hits his credit limit for all his cards and is forced to stop spending, by then, he would have chalked up a mountain of debts.  How many of you here have credit cards? All of you, I suppose. Your credit card empowers you to spend 3 to 5 times of your salary. Are all of you with credit cards, in deep and dire financial straits? No, right? Your credit card is more for convenience than for credit. Its the same for CFD. If you have financial discipline, CFD will help you. Not ruin you. But if you are the type who has MAX out all your credit cards, forget it. CFD is not for you.  My snipers and I are more or less exclusively using CFD to trade. The ability to run with 1 bid, if need be, is so very, very useful. For long term BUY & HOLD, my snipers use cash account. But for intraday and short term trading, CFD is unbeatable. spore1      ( Date: 27-Jul-2016 11:34) Posted: Don't forget to include TOP up yr cash if fall below certain amount . If not yr position will be forced to close automatically notibird      ( Date: 27-Jul-2016 10:48) Posted: Hi General Investshare, No. There is no time limit. You can hold a position for as long as you like. There is a daily interest charge though. But dont let that scare you. The interest charge is negligible. The rate is SIBOR + 2.5% for LONG positions. For me, if I want to trade a position for 1 day to 6 months, its okay to use CFD. But if I want to do a BUY & HOLD for years to collect dividend, then never use CFD. Do it with a cash trading account. No time limit means you can hold a stuck position until the price comes back in your favour and you can ride a profitable position until the rally fizzles out. And the best advantage a CFD account can offer you is...you can SHORT and ride that position until it is profitable. For cash account, if you do a naked SHORT, by day end, die die WIN, LOSE or DRAW, you must cover or will kena Or-Kong by SGX. I used to be scared of CFD. And it was becoz I knew nothing about it. We humans are naturally scared of what we do not know. But after I started using it, I have never reverted to my cash trading account.
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spore1 Supreme	27-Jul-2016 11:35        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For Long term is still better to use normal account.
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spore1 Supreme	27-Jul-2016 11:34        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't forget to include TOP up yr cash if fall below certain amount . If not yr position will be forced to close automatically notibird      ( Date: 27-Jul-2016 10:48) Posted: Hi General Investshare, No. There is no time limit. You can hold a position for as long as you like. There is a daily interest charge though. But dont let that scare you. The interest charge is negligible. The rate is SIBOR + 2.5% for LONG positions. For me, if I want to trade a position for 1 day to 6 months, its okay to use CFD. But if I want to do a BUY & HOLD for years to collect dividend, then never use CFD. Do it with a cash trading account. No time limit means you can hold a stuck position until the price comes back in your favour and you can ride a profitable position until the rally fizzles out. And the best advantage a CFD account can offer you is...you can SHORT and ride that position until it is profitable. For cash account, if you do a naked SHORT, by day end, die die WIN, LOSE or DRAW, you must cover or will kena Or-Kong by SGX. I used to be scared of CFD. And it was becoz I knew nothing about it. We humans are naturally scared of what we do not know. But after I started using it, I have never reverted to my cash trading account.  investshare      ( Date: 27-Jul-2016 10:26) Posted: Is there a time limit you must ' unLong' your position?
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notibird Veteran	27-Jul-2016 10:58        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	Howdy fellow sniper!!!   richman_brn      ( Date: 27-Jul-2016 10:50) Posted: No time limit to close open position, Long or Short.. But there is are financial   charges everyday. These financial charges are applicable until the position is closed.  Financial charges are as follows : Overnight Interest fro both Long and Short position. Scripts borrowing charge for Short position  investshare      ( Date: 27-Jul-2016 10:26) Posted: Is there a time limit you must ' unLong' your position?
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richman_brn Veteran	27-Jul-2016 10:50        richman_brn About Contact  Quote this Post!
x 0   x 0  Alert Admin	No time limit to close open position, Long or Short.. But there is are financial   charges everyday. These financial charges are applicable until the position is closed.  Financial charges are as follows : Overnight Interest fro both Long and Short position. Scripts borrowing charge for Short position  investshare      ( Date: 27-Jul-2016 10:26) Posted: Is there a time limit you must ' unLong' your position? notibird      ( Date: 27-Jul-2016 10:19) Posted: Just to illustrate what CFD can do for me which a cash trading account cannot... Say... ST Engrg... I LONG at 3.30 x 10 lots = $33k. Com is 0.1% or $33.00. Within intraday, I unLONG at 3.31. Com when I sell is 0.1% or $33.10. Total com for a 2-way trade is $66.10. Net profit after com for this 1-bid trade is $33.90. Make this 1 bid intraday and your meals for today are taken care of.
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notibird Veteran	27-Jul-2016 10:48        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	Hi General Investshare, No. There is no time limit. You can hold a position for as long as you like. There is a daily interest charge though. But dont let that scare you. The interest charge is negligible. The rate is SIBOR + 2.5% for LONG positions. For me, if I want to trade a position for 1 day to 6 months, its okay to use CFD. But if I want to do a BUY & HOLD for years to collect dividend, then never use CFD. Do it with a cash trading account. No time limit means you can hold a stuck position until the price comes back in your favour and you can ride a profitable position until the rally fizzles out. And the best advantage a CFD account can offer you is...you can SHORT and ride that position until it is profitable. For cash account, if you do a naked SHORT, by day end, die die WIN, LOSE or DRAW, you must cover or will kena Or-Kong by SGX. I used to be scared of CFD. And it was becoz I knew nothing about it. We humans are naturally scared of what we do not know. But after I started using it, I have never reverted to my cash trading account.  investshare      ( Date: 27-Jul-2016 10:26) Posted: Is there a time limit you must ' unLong' your position? notibird      ( Date: 27-Jul-2016 10:19) Posted: Just to illustrate what CFD can do for me which a cash trading account cannot... Say... ST Engrg... I LONG at 3.30 x 10 lots = $33k. Com is 0.1% or $33.00. Within intraday, I unLONG at 3.31. Com when I sell is 0.1% or $33.10. Total com for a 2-way trade is $66.10. Net profit after com for this 1-bid trade is $33.90. Make this 1 bid intraday and your meals for today are taken care of.
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investshare Supreme	27-Jul-2016 10:26        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is there a time limit you must ' unLong' your position? notibird      ( Date: 27-Jul-2016 10:19) Posted: Just to illustrate what CFD can do for me which a cash trading account cannot... Say... ST Engrg... I LONG at 3.30 x 10 lots = $33k. Com is 0.1% or $33.00. Within intraday, I unLONG at 3.31. Com when I sell is 0.1% or $33.10. Total com for a 2-way trade is $66.10. Net profit after com for this 1-bid trade is $33.90. Make this 1 bid intraday and your meals for today are taken care of.   notibird      ( Date: 27-Jul-2016 10:12) Posted: General Lucky, I am referring to CFD... Contract For Difference. Me and my snipers are using it and for chicken runs, it gives us an edge. A much needed edge especially when market is boring and the range is tight.
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notibird Veteran	27-Jul-2016 10:19        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	Just to illustrate what CFD can do for me which a cash trading account cannot... Say... ST Engrg... I LONG at 3.30 x 10 lots = $33k. Com is 0.1% or $33.00. Within intraday, I unLONG at 3.31. Com when I sell is 0.1% or $33.10. Total com for a 2-way trade is $66.10. Net profit after com for this 1-bid trade is $33.90. Make this 1 bid intraday and your meals for today are taken care of.   notibird      ( Date: 27-Jul-2016 10:12) Posted: General Lucky, I am referring to CFD... Contract For Difference. Me and my snipers are using it and for chicken runs, it gives us an edge. A much needed edge especially when market is boring and the range is tight. SuperLuckyCorn      ( Date: 27-Jul-2016 09:59) Posted: wow...that' s a good deal. U r referring to Cash Collateralised Trading??
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notibird Veteran	27-Jul-2016 10:12        notibird About Contact  Quote this Post!   Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!"
x 0   x 0  Alert Admin	General Lucky, I am referring to CFD... Contract For Difference. Me and my snipers are using it and for chicken runs, it gives us an edge. A much needed edge especially when market is boring and the range is tight. SuperLuckyCorn      ( Date: 27-Jul-2016 09:59) Posted: wow...that' s a good deal. U r referring to Cash Collateralised Trading?? notibird      ( Date: 27-Jul-2016 09:50) Posted: No minimum per trade. But minimum com is $15. So to avoid minimum sum issue and to preserve the ability to run with 1 bid, a trader will do a trade of $15K or higher. Com is 0.1% of transaction value inclusive of GST. No brokerage can beat that. Absolutely nobody can. And if you ask your cash account broker whether he can match that and offer you at 0.1% everything in including clearing fee, sgx fee and GST, be prepared for a dirty look plus swear words from him or her.
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