Fail to pay brokerage

[livingcharsiew]

you know how dlc work?
day 1 stock up 2% your short dlc drop 10%
day 2 stock up 2% our short dlc drop 10%
day 3 stock drop 4% your dlc up 20%

day 1 10000 become 9000
day 2 8600 become 8100
day 3 6364 become 9720

still lose money
havent count the fees baked in
havent count the spread

 

[wutawa]

you know how dlc work?
day 1 up 2% your dlc drop 14%
day 2 up 2% another 14% your dlc drop
day 3 drop 5% your dlc up 25%

day 1 10000 become 8600
day 2 8600 become 6364
day 3 6364 become 7955

still lose money
havent count the fees baked in
havent count the spread

Lol, thanks for sharing

 

[livingcharsiew]

Lol, thanks for sharing

sorry should be 5x dlc so change to 5 times instead

 

[twkacc]

Target price by those analyst is 30hkd, and these target from comparable tech stocks (JD, Netease) all reach target price quite quick.


I expect this week to have some drop but not 10% or drop it below 20 HKD and never recover for next year or 2

wa huat liao TP 30HKD and the price now is at 22.50 (33% upside)

imagine u buy DLC 5X u can earn 165% profit
contra 50k can earn 80k free money LOL

bro not dat easy de la. all this analyst they work for bank, they wan to earn money from all of us retail investors. if u believe the TP by analyst, why even buy DLC 5x short xiaomi in the first place? i dun understand leh

 

[joshua182]

if you cannot pay, you will need to declare bankrupt. if you have assets, bank can come after.

you cannot ignore and run away. 0 chance. so either you take a loan and start to pay off, borrow frm parents, or declare bankrupt.

dont think to earn it back via trading or investment. ppl like you will only double, triple, or even 10x your loss.

talking about xiaomi, i bought at $10 flat. and sold at $12 thinking well done to myself. well, nope. nope nope nope nope nope.

 

[haruto]

29 yrs old alr still think like a 19 yr old

u have no TA knowledge
u have no FA knowledge
what u have is a gambler's mindset

going from short to long on a whim, what u are betting on is not long or short on xiaomi. what u are betting on is lady luck being on ur side, and not against u

and doing it with money u dont have...

 

[Mecisteus]

Haizzz. Regret but what to do


Put it this way, I have actually made $6k profit from DLC by just one Meituan Long trade in a day (Buy at $0.90 within the day also dropped to as low as $0.785 but still managed to DCA at 0.8x with a far smaller unit so that it was about 0.89x including cost), I thought selling at 0.92 or 0.95 would be good enough but luckily got time to change it to 1.005 and made $6k in just one day)

But there again, my idea was like wth tech stocks are like keep hitting analyst target price and hence tried to change the strategy

That is what trading is all about. Most people earn chicken wings profits but have to pay the whole chicken eventually.

You should throw darts and buy any US tech stocks in the last few years or months. Even if you darts never hit the board, you will still make money.

 

[Entry Level PC]

That is what trading is all about. Most people earn chicken wings profits but have to pay the whole chicken eventually.

You should throw darts and buy any US tech stocks in the last few years or months. Even if you darts never hit the board, you will still make money.

Market is Irrational.
Alot of stocks like Tesla are heavily overpriced.
Wuji go short Telsa.

 

[ussr_1991]

Market is Irrational.
Alot of stocks like Tesla are heavily overpriced.
Wuji go short Telsa.

Nbz those short Telsa can cry liao, same goes to Shorting Apple which I doubt any people does that

 

[Mecisteus]

Nbz those short Telsa can cry liao, same goes to Shorting Apple which I doubt any people does that

I am sure there are some gamblers who will try their luck.

Shorting is a low probability but potentially high returns trade to make.

 

[htngwilliam]

Not say cannot la. But the Fed has money printing machine. Already kelong for a start. Very disadvantage

 

[Entry Level PC]

Who knows what happen if cannot pay for broker such as IOCBC?

Basically this was what happened:
1) I got $50k trading limit on iOCBC account

2) Ytd, went in $9k of it on Xiaomi Short DLC @ 0.061 (Because that was the moment I saw Xiaomi price start dropping) with 150,000 units

3) Within an hour or 2, I tried to DCA by entering 450,000 on same Xiaomi Short DLC @ 0.054

4) And also at last enter another final set of 200,000 units on same Xiaomi Short DLC @ 0.045

5) Today other than pre-trading price where the price rose back to 0.05 and I thought can wait a longer to breakeven. Damn, wrong decision. It go up to a prak of 11% (Sustain paper 55% loss)

6) Tried to stop loss, by selling first batch of 200,000 at 0.026 (The lowest point was 0.023).

7) By late afternoon, sell the second batch of 100,000 at 0.035 (The highest point was 0.037, after I sold but it dropped again)

8) Both of these already sustained $7k loss


So now I am damn worried what to do with the remaining 500,000 units which may sustain similar loss. If I can control it within $4k loss would be fine with me but what if I don’t?

Hoseh Boh.
Xiaomi up 4% atm, around on par with their US Listing on Friday Night.
Your losses how much liao?

 

[Entry Level PC]

Nbz those short Telsa can cry liao, same goes to Shorting Apple which I doubt any people does that

Not say cannot la. But the Fed has money printing machine. Already kelong for a start. Very disadvantage

I am sure there are some gamblers who will try their luck.

Shorting is a low probability but potentially high returns trade to make.

Whoever manage to time the Short will be very rich.
"The Big Short 2" will be on Tesla.

"The Big Short" only succeed cos they lucky they manage to Tong long enough for it to happen.

 

[light84]

U reminded of people who borrow $$ go MBS

At least they have some fun while inside

 

[Entry Level PC]

U reminded of people who borrow $$ go MBS

At least they have some fun while inside

If so easy to predict and time the market,
I would have quit job long ago to become a full time trader.

 

[peppermint7]

If so easy to predict and time the market,
I would have quit job long ago to become a full time trader.

Gambling in such a way could become millionaire 1 day. Bankrupt the other. Better to pause and think deep what is it you are pursuing..

In fact all of us can do what you are doing but not many of us is willing. You should know why?

 

[Entry Level PC]

TS siao liao.
Xiaomi new high today.

 

[Squaredot]

Shouldn't pour salt on other's wound, TS already in pain

 

[eugenetss]

This type of people deserve it.. think stock market is tikam, anyhow short and earn money.. wait Long Long young man

 

[reddevil0728]

Shouldn't pour salt on other's wound, TS already in pain

Better to be more painful when young