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!
Last updated : 15 Sep 2018
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.