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How to short sell?
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teeth53
Supreme |
23-Jun-2013 16:26
Yells: "don't learn through life, learn to grow with life " |
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It just the way when habit die hard.
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Nostradamus
Supreme |
05-Oct-2006 00:11
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SGX buy-in is on T+4 day. Can be any time during the day. The price is 2 bids higher than the last traded price and will move progressively higher until all are bought in. | ||
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chipchip66
Master |
04-Oct-2006 21:34
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Shorting a counter must cover back by buying back the same day. If not, have to wait for SGX to buy-in i think 4 days later in the morning at 3 bits higher from the highest traded place. Can anyone confirm this?? | ||
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puntit
Member |
04-Oct-2006 21:22
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Chipchip66, Does contra before settlement date also apply to shorting? Or must buy back on same day? Which? Thanks. |
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chipchip66
Master |
04-Oct-2006 20:14
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Contra means to buy on trading day and sell on due date of trading day. T+3. Trading day + 3 Trading days. Long means you have to pay for the shares you bought and sell it at a higher price to take profit. | ||
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rickytan
Veteran |
04-Oct-2006 19:58
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thanks chipchip. May I know what is the difference between "long" and contra ? Isnt it the same ? |
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chipchip66
Master |
04-Oct-2006 19:21
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Long means to buy 'low' and sell 'high'. Short is the reverse. Hope it helps! | ||
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rickytan
Veteran |
04-Oct-2006 19:20
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all this "long". "short" etc is too complicated for me. Catch no ball leh...... very chim | ||
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chipchip66
Master |
04-Oct-2006 19:19
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The fun is normally people will short 50 to 100 lots at one go, so its FUN to make money like that but SORROW if it works against you. | ||
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puntit
Member |
04-Oct-2006 18:51
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I have never shorted before, and since I don't want to look so silly to my broker, may I clarify with someone here: when we short a counter, do we need to cover the same day and not within the settlement period? Is this the case? If the position must be covered within the same day, then where's the fun? Too risky game. :( |
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knightrider
Elite |
04-Oct-2006 18:34
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Hi, Yap ! You are the man, only if you dare ! You can sell 1st then buy back later, only dare devil will do it ~!!! At times you win and at times you will get burn ! Please do your home work before shorting ! Normally, it is not worthwhile except occassionally just like today's Citiraya ! Those who short and managed to buy back at the same day. Even if they do not buy back and let the hole be filled by the broking house 2morrow, may also make money, but the risk is extremely high !!! (I am refering to Citiraya for today.) It is a healthy practice to remember to buy back on the same day and do not left the hole open as you cannot predict what will happen when your broking house force to buy back for you plus adding 2 bits. It is safer to have CFD account if you are a frequent shorting participant ! Good Luck. |
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iczcash
Member |
04-Oct-2006 18:07
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Hi all, Am i correct to say that if I didn't have a CFD account, I can still do short trading, but need to Buy back the shares within the same day I sell? I using UOB Kay Hian online trading, can i do short trading online??Is it the same procedure like normal buying of shares?? But doing the reversal way, that is Sell first then Buy at lower price ?? |
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ten4one
Master |
21-Aug-2006 09:15
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Hi dxxxxxxd, Yup one of the many possibilities of hedging your long positions. Do whatever you know best and comfortable with to protect your Capital. Cheers and thanks for sharing! | ||
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dxxxxxxd
Member |
20-Aug-2006 16:01
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Hello?Allow me to share another school of thoughts with you.
I think CFD SHORTING should worth consideration as a defensive tool to minimize
losses and can be used to brave short term impacts caused by sudden catastrophe,
usually resulting in sharp falls within days. In my opinion, hedging by maintaining a SHORT account is not necessarily a gamble but in turn, can be used to effectively relieve unnecessary nightmares caused by short term market slumps in the equity market. |
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ten4one
Master |
20-Aug-2006 09:30
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When you trade in the stock markets, you're either with the trends or against and expect to come out beating the Markets which ever way you choose. I'm sure no one could be a 100% right most of the times. But at time, you do come out perfect and this is what I call " Lady Luck is on my side". I strongly believe the element of luck do play an important part in a Trader's life. Of course, don't depend on it too much to win all the times. As the saying goes " Don't trust your luck too far! " Cheers!!!!! | ||
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pikachu
Veteran |
19-Aug-2006 14:10
Yells: "Holy Cow!" |
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Yep.... short selling is a quick way to disaster if you are not savvy! | ||
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stockatm
Member |
19-Aug-2006 09:58
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No matter short or long, we need to follow the trend of the market and trend of the stock. 80 % of the stocks follow the market trend. I am agreeable with teeth53, a trader shouldn't rely on the luck or doing gambling. Price is the outcome and volumn is the life of a stock. Pay attention to MACD (5 day to 20 day) and volumn. Short and Long in CFD has one month contra. It only suitable for short term trading, contra trading or day trading. You need good skill and psychology to make consistent trading action. Trading short and long in CFD, need to stick the rule that no long position at a falling stock, and no short position at a rising stock. Otherwise, risk is too high. | ||
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teeth53
Supreme |
19-Aug-2006 09:29
Yells: "don't learn through life, learn to grow with life " |
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Learning how to short for the puspose of knowledge and info is very good, personnal i see alot of the dealers and remisers (all) get to hook into gambling and when thing goes terrible wrong, u will know what next, cursing, throwing thing and even bending head agaist wall and so on. Pure luck and pure gambling and not knowing how to control itself or what to do next, for i can tell U the next thing is to buy more and more then into deep trouble and never recover again. |
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ten4one
Master |
19-Aug-2006 04:49
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Hi P'lisa, If you really want to short (or long) the Markets, you should 1st talk to your Broker, Philip Sec and try to secure a Margin A/c and trade within that framework. Most Shorties are very good Traders and hold huge open-positions everyday and sometimes, they short their opened positions too. It is also a tool use by 'House' Traders to cover their positions in the hope of breaking even. Shorting is for people who're very well-versed with Tradings and have deep pockets to cushion the falls. Therefore, I suggest you go and take a course in Trading in the STock Market and get some knowledge - that's the 1st step, the rest is experience which is worth more than Gold! Cheers!!!! |
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prettylisa
Member |
18-Aug-2006 21:23
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Hello all, Thank you for your advice. How about Contract For Difference? What is that about? Is it the same as short selling? Thank you all again for your patience with me! ~lisa |
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