Latest Forum Topics /
SingTel
Last:3.75
![]() |
![]() |
Singtel Bullish???
|
|||||
wavehunter
Supreme |
07-Mar-2018 14:07
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
When you short, IG will send a corresponding order to the order books of The Exchange. And IG has to deliver the scrips on settlement day. IG will borrow scrips to deliver. Hence there is a borrowing cost incurred. Put it this way... is there anywhere in the world you can SHORT a counter with any broking house but without incurring a borrowing cost? Dont have. If you SHORT... borrowing cost is an expense you cannot avoid incurring. So the why and whatever doesnt really matter anymore. As long as you SHORT, be it with IG or some other house, you have to pay a borrowing cost. 
|
||||
Useful To Me Not Useful To Me | |||||
wavehunter
Supreme |
07-Mar-2018 14:00
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
Bro Bob, Meantime use your Demo Account to practise trading DBS. Becoz she is an uptrend stock, you wont go wrong doing a BUY ON PULLBACK. Also, becoz she is now an uptrend stock, DBS stands for Damn Blardy $HIOK.    ![]() But one fine day when her uptrend ends and she reverse and goes on a downtrend hor,  her DBS will stand for something else ler - Damn Blardy SHIT.    ![]() And as you know, she announced very generous dividends at her last reporting - $1.10. So her DBS is ..........Damn Blardy $ONG. Next time when earnings start to dip and she reverts to her normal dividends at 56 cts per year,  her DBS will become ..... Damn Bloody SIAN. |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
lollibob
Master |
07-Mar-2018 13:59
|
||||
x 0
x 0 Alert Admin |
a newbie question, i short position on CFD doesn' t affect the intraday on the exact selling and buying of shares right. then whats the borrowing cost for.
|
||||
Useful To Me Not Useful To Me | |||||
wavehunter
Supreme |
07-Mar-2018 13:52
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
If you know of any other House which can beat IG' s terms, please let us all know. Thank you. 
|
||||
Useful To Me Not Useful To Me | |||||
lollibob
Master |
07-Mar-2018 13:51
|
||||
x 0
x 0 Alert Admin |
Ahh, I already have demo account and incontact with a broker to activate my live account =/
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
wavehunter
Supreme |
07-Mar-2018 13:41
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
I am with IG. My last market survey showed they are the most costs effective. Their rates are: 1. Com is a flat 0.1% of transaction value with NO GST ADDED THEREON. Other Houses add GST on top of their com which is higher than 0.1%. Leave out City Index and CMC Markets. Both of them do NOT offer DMA - Direct Market Access which is very important. 2. For a LONG position, overnite interest charge is 2.5% + 1-Mth SIBOR. For a SHORT position, it is 2.5% minus 1-Mth SIBOR. 1-Mth SIBOR is currently at 1.1851%. 3. For SHORT positions, there is also a daily borrowing costs. The amount is dependent on the counter. But it is not so prohibitive until I am deterred from shorting. Go do your market survey first and compare rates to get the best deal. If you decide to sign up with IG, I have good news for you. Sign up with me as your referral and you will receive a Welcome Gift of $350 upon completing 5 trades within 6 mths from account opening. This special Welcome Gift is available only for new sign ups and provided you sign up thru my Account Manager who will assist you with the documentation. No need to meet up. Everything can be done via phone and email and your account can be ready within a few days. To qualify for this Welcome Gift, do not sign up at IG' s website. Not even for a Demo Account. Or IG wont recognise you as a referral from me in which event your Welcome Gift is only $100. If you are an old client of IG and you closed your account and now wish to sign up again, you are treated as an old customer and likewise, your Welcome Gift is $100. 
|
||||
Useful To Me Not Useful To Me | |||||
chillipadi
Elite |
07-Mar-2018 13:13
Yells: "Everything is temporary." |
||||
x 0
x 0 Alert Admin |
You still bike ar... im sampan lo Row Row Row your boat... gently down (but i prefer UP) the stream...
|
||||
Useful To Me Not Useful To Me | |||||
lollibob
Master |
07-Mar-2018 13:13
|
||||
x 0
x 0 Alert Admin |
master wave, which cfd trading platform will you recommend, i just sold my UT worth 10k, looking into a most cost efficient platform to choose from, SAXO or IG? | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
ToyotaCamry
Member |
07-Mar-2018 11:59
|
||||
x 0
x 0 Alert Admin |
Roger that
|
||||
Useful To Me Not Useful To Me | |||||
wavehunter
Supreme |
07-Mar-2018 11:52
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
And what is the set up for a successful trade in DBS for now? To me, if she dips to her Last Low at 27.85 and then bounce, BUY. If she breaks below 27.85 and heads lower and then bounce, BUY even more. If she breaks below 28.00 but does not retest her Last Low at 27.85 and then she reverse back up, I will BUY some too. To me, if buy at below 28.00, the probability of seeing a bounce back to above 28.00 either today or tomorrow or within this week is high. High enough for me to make this LONG trade for chicken run. But I must warn that I am a CFD trader and I can run with a mere 6 cts.  For cash account traders who trade online, I think you will need something like 11 cts to 18 cts to breakeven. So if you are trading with a cash account, we are not riding on the same vehicle.  I am riding a motorcycle while you are pedalling a bicycle. So please know your handicap if you follow me into battle. ![]() |
||||
Useful To Me Not Useful To Me | |||||
lollibob
Master |
07-Mar-2018 11:30
|
||||
x 0
x 0 Alert Admin |
Very well said master wave, need to change my mindset.  more to learn from peeps here.
|
||||
Useful To Me Not Useful To Me | |||||
wavehunter
Supreme |
07-Mar-2018 11:23
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
Sure Bro Camry. In my earlier post, I already outlined the route map for SingTel' s recovery. If price can recover to 3.37...that' s an encouraging sign. If can clear selllers at 3.43 and price doing 3.43 : 3.44.... 80% probability that Katek Monkey ran road leow. Then it is time to HOOT. But for the more savvy and aggressive traders and investors, they may not want to wait till 3.43 is cleared. Coz from 3.38 to 3.43 is 5 cts. Every 100 lots is $5K. And they want that $5K !!! So they may jump in first guided by broader market sentiments and the intensity of the buy up if accompanied by a surge in volume.
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
wavehunter
Supreme |
07-Mar-2018 11:17
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
It sure looks like its going to be a boring day today.  Becoz those stocks I am monitoring... prices are too high to go LONG and too low to go SHORT, And this is one quicksand which a CFD trader must learn to avoid - not to LONG at too high and SHORT at too LOW. Becoz if prices neither move up or down and remain lifeless at the centre of the trading range, that CFD trader will see both his LONG and SHORT positions in the same counter in the red.  Trading Rule No. 1 is ... we dont need to trade everyday. Dont make money, never mind. Just dont lose money. When you dont make money, your capital is intact. When you lose money, your capital becomes smaller. And capital to a trader is like blood to a human body. You need it. And you cant lose too much of it.  We dont have to trade everyday. Trade only when it is easy to make  money. Trade only when market conditions are such that the probability of a successful trade is higher. Know what the set up for a successful trade of your stock is, and patiently wait for that set up to appear. And when it does, go grab your chickens. The legendary General Sun Tzu said this... " A winning general finds out what conditions must be present for a victory and he waits for those conditions to be present. Then he sends his troops into battle. A losing general sends his troops into battle first. Then in the midst and chaos of the battle, he  tries to seek victory." If market conditions are not favourable to make a trade, then dont do anything. Take a break instead and merely watch. As a  prudent trader, never never make a trade out of boredom. Becoz if you do that, you are forcing a trade. And usually, such a  trade is at best a 50 : 50 trade.  It is no different from buying BIG or SMALL at a casino. And good traders dont do that. They go for higher probability trades. So when market is boring, the right thing to do is to take a break. Do not feel stressed about not making any trades. You are doing the right thing. The market is trying to bait you. Dont take the bait.  ![]() |
||||
Useful To Me Not Useful To Me | |||||
ToyotaCamry
Member |
07-Mar-2018 11:15
|
||||
x 0
x 0 Alert Admin |
Please let us know when you see it is the right time to BUY more. Waiting for your signal. Thanks Boss!
|
||||
Useful To Me Not Useful To Me | |||||
SuperLuckyCorn
Supreme |
07-Mar-2018 10:57
![]() |
||||
x 0
x 0 Alert Admin |
General Wave, Thank you for the info & update. 20~21st Mar, 10 days plus a bit only. ![]() ![]()
|
||||
Useful To Me Not Useful To Me | |||||
wavehunter
Supreme |
07-Mar-2018 10:36
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
General Lucky, Hope the battle pans out the way you and your KAKIs and allies have planned for. Timeline-wise, the Katek Monkey probably plans to end this SHORTing game before the next FOMC Meetng. Becoz after 21st Mar when the Fed announces a 0.25% rate hike which is highly expected by the market, markets will rally and celebrate the removal of the rate hike uncertainty.  This rally will be broadbased and will bring out some funds and institutions to load up on SingTel joined by retail investors and traders. The Katek Monkey will not want to be around frantically trying to cover by then in the face of such a buying wave. So my take is that he will end the game before that.
|
||||
Useful To Me Not Useful To Me | |||||
SuperLuckyCorn
Supreme |
07-Mar-2018 10:07
![]() |
||||
x 0
x 0 Alert Admin |
If everything go as plan, we think Kartek will be burning now. Bcos Kartek throw & low we absorb. Kartek wan to buy low, we don' t sell. Kartek wan to buy high, then we be good ppl sell them some. If Kartek dun wan to cover now, then pay the price of holding lor. And we take dividend. At this price, without other " news" , then when other BBs decide to join forces, then we can say bye bye to Kartek.  
|
||||
Useful To Me Not Useful To Me | |||||
wavehunter
Supreme |
07-Mar-2018 09:37
Yells: "Trade what you see, not what you hope to see." |
||||
x 0
x 0 Alert Admin |
Today, the Katek Monkey is defending 3.35. He doesnt want to see the price at 3.35 : 3.36. So when the price climbs to there, he whacks it down with his huge SELL orders to push the price back down to 3.34 : 3.35. First he defended 3.43. Then his Bear Army pushed back the bulls and advanced downwards towards 3.37 which became his new HQ. Now he is defending 3.35...perhaps to shift his HQ there next. |
||||
Useful To Me Not Useful To Me | |||||
Shampain
Veteran |
07-Mar-2018 09:34
|
||||
x 0
x 0 Alert Admin |
chiong up tio smack down | ||||
Useful To Me Not Useful To Me | |||||
ToyotaCamry
Member |
07-Mar-2018 09:30
|
||||
x 0
x 0 Alert Admin |
Noted
|
||||
Useful To Me Not Useful To Me |