Monday, 30 April 2018
My Thought On Leveraging To Power Up Trading Income From SGX
Read? My Thought On Leveraging To Power Up Dividend Income
How many doing active contra trading realise that contra trading which in reality is leveraging to power up/down your trading income?
You keep doing more and show your friendly brokers your numbers; soon your brokers will pay attention and power you up with more. You leverage more and earn big man!
Read? Contra Trading. Damn Shiok!!! (2)
You made money in days i.e. T+3.
Uncle8888's friendly broker was so good to him and power up him with more with T+5, commission rate of 0.22%, Buy Limit @ $300K and Sell Limit @ $400K. Shiok man!
What did he truly learn about leveraging?
We know that leverage is a double edged sword.
To use this double edged sword; we must have the skill to slaughter those monsters in the market by cutting or swinging in both ways.
If you only know how to cut or swing in one way with a double edged sword; it is matter of time you may lose back some, all or more when the opposite side of the double edge sword hit back hard at you.
Get the moral of the story?
It is not difficult to convince ourselves that we can make money from the market. Our outcome will testify that we can and we dare to do it more! We are not stupid! But, Mr Market not stupid too!
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