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If dat Counter "Halt" half way, die lor...
risktaker ( Date: 13-Feb-2010 11:44) Posted:
intra day short is ok la as long as u cover it back within the same day :P
junction ( Date: 13-Feb-2010 11:37) Posted:
| The rules of trading are stacked against the shortists. Naked short is penalised heavily. Burrowed scripts have to pay interest and there are other terms (read the contract). Having said that there is the CFD, which is LIMITED to some stocks and is time bound, not very liquid - also a negative factor. Only experienced traders should short. For the rest, buy and hold is still the best option. Happy New Year |
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intra day short is ok la as long as u cover it back within the same day :P
junction ( Date: 13-Feb-2010 11:37) Posted:
The rules of trading are stacked against the shortists. Naked short is penalised heavily. Burrowed scripts have to pay interest and there are other terms (read the contract). Having said that there is the CFD, which is LIMITED to some stocks and is time bound, not very liquid - also a negative factor. Only experienced traders should short. For the rest, buy and hold is still the best option. Happy New Year!
ronleech ( Date: 12-Feb-2010 07:52) Posted:
| BTW...if i am not worng, borrow got to pay interest... |
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The rules of trading are stacked against the shortists. Naked short is penalised heavily. Burrowed scripts have to pay interest and there are other terms (read the contract). Having said that there is the CFD, which is LIMITED to some stocks and is time bound, not very liquid - also a negative factor. Only experienced traders should short. For the rest, buy and hold is still the best option. Happy New Year!
ronleech ( Date: 12-Feb-2010 07:52) Posted:
BTW...if i am not worng, borrow got to pay interest....
StarLine ( Date: 11-Feb-2010 23:36) Posted:
Oops... Let me rephase them.
Short is that share borrowed from a third party (usually a broker) with the intention of buying it back at a later date to return to the lender.
Naked Short is that sell of shares that you do not have at all. |
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hope this helps:
"buying-in" is not the same as buy. after selling shares that you do not have, you can queue and buy back on the same day.
For "buying-in", you have no control over the price; it is done for you due to your failure to deliver the shares (i.e. not buying back the same day).
Joe2020 ( Date: 12-Feb-2010 20:56) Posted:
Hello all,
Thank you for all the posting. But I am still confuse why SGX website (as posted by one of the forumer here) contradicts the buying on the same day theory. Is the "must buy on the same day rule" written black n white?  |
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I think never try naked short, it's too risky. If the counter suddenly halt on that day, you are not able to buy back, must let SGX buy in against you, can't control the price. Better use CFD or SBL A/C safer. I prefer CFD Accounts as it is cheaper.
Hello all,
Thank you for all the posting. But I am still confuse why SGX website (as posted by one of the forumer here) contradicts the buying on the same day theory. Is the "must buy on the same day rule" written black n white?
BTW...if i am not worng, borrow got to pay interest....
StarLine ( Date: 11-Feb-2010 23:36) Posted:
Oops... Let me rephase them.
Short is that share borrowed from a third party (usually a broker) with the intention of buying it back at a later date to return to the lender.
Naked Short is that sell of shares that you do not have at all. |
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I mean the penalty is only fees + the difference if u loose :P
-- No Heavy Penalty liao la --
risktaker ( Date: 12-Feb-2010 06:01) Posted:
| I think recently they remove the heavy penalty for over night short. Intra Day short is ok. Over night Short ur broker will buy in for you in the morning if not u kenna penalty |
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I think recently they remove the heavy penalty for over night short. Intra Day short is ok. Over night Short ur broker will buy in for you in the morning if not u kenna penalty
doesn't seem fair..we are all forced to get a CFD account then.
Shorting due to the current penalty clause is only logical that a human error happened. How can they fine us for making such mistakes?
very correct, good student, better dun try, u'll get hook on it... i ever won alot but also lost alot....
remember not to naked short thats it, open an SBL or CFD acct first...
1. There is no maximum period which you can borrow the securities. However, if there’s a recall, you will have to return the securities by T+4 of notice.
2. Once you have borrowed the securities, the fastest you can return the securities is 3 days later.
street81 ( Date: 11-Feb-2010 23:30) Posted:
this is not for me....
WLBO_BB ( Date: 11-Feb-2010 23:29) Posted:
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Oops... Let me rephase them.
Short is that share borrowed from a third party (usually a
broker) with the intention of buying it back at a later date to return to the lender.
Naked Short is that sell of shares that you do not have at all.
this is not for me....
WLBO_BB ( Date: 11-Feb-2010 23:29) Posted:
fast learner..... :)
street81 ( Date: 11-Feb-2010 23:28) Posted:
| Say u sell @ $1, then u buy back lower price than $1 then can make $ izzit |
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fast learner..... :)
street81 ( Date: 11-Feb-2010 23:28) Posted:
Say u sell @ $1, then u buy back lower price than $1 then can make $ izzit?
StarLine ( Date: 11-Feb-2010 23:22) Posted:
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Correct me if I am wrong,
SHORT is on the same day, you sell shares that you don't have, and buy back later on the same day. Here you will not be penalize.
NAKED SHORT is on day 1 you sell shares that you don't have, and next day morning,
you will get forced by back to cover them. Here you will be penalize by CDP or SGX.
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Say u sell @ $1, then u buy back lower price than $1 then can make $ izzit?
StarLine ( Date: 11-Feb-2010 23:22) Posted:
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Correct me if I am wrong,
SHORT is on the same day, you sell shares that you don't have, and buy back later on the same day. Here you will not be penalize.
NAKED SHORT is on day 1 you sell shares that you don't have, and next day morning,
you will get forced by back to cover them. Here you will be penalize by CDP or SGX.
street81 ( Date: 11-Feb-2010 20:27) Posted:
| what is this SHORT and NAKED SHORT thing...till now also dun understand |
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Correct me if I am wrong,
SHORT is on the same day, you sell shares that you don't have, and buy back later on the same day. Here you will not be penalize.
NAKED SHORT is on day 1 you sell shares that you don't have, and next day morning,
you will get forced by back to cover them. Here you will be penalize by CDP or SGX.
street81 ( Date: 11-Feb-2010 20:27) Posted:
| what is this SHORT and NAKED SHORT thing...till now also dun understand |
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Nothing illegal if you cover back your open position on the same day. But if you dont, you are being illegal lor..... Sell 1st back later is totally legal....
OneSharer ( Date: 11-Feb-2010 19:54) Posted:
I tried q & b @ low price but accidently executed s @ low price -- order was filled w/in sec. Face also changed color. Gratefully, p dropped and made kopi$.
I feel brokerage could help by prompting user re illogical orders -- but accident/not, they still earn. Perhaps, should also penalise brokerage for not having such prompts in system? |
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iocbc internet trading will prompt you to double check and warn you about short selling...
what is this SHORT and NAKED SHORT thing...till now also dun understand
No joke...kneeled & prayed.
