Fail to pay brokerage

[Entry Level PC]

Better to be more painful when young

Yup better to earn painful lesson early than later in life.
TS 29yo only, still young and have a long life ahead.

 

[Entry Level PC]

Xiaomi ended with 4.44% today.

 

[yang_nastyman]

shorting is a very very high risk game. even when you think you know everything, murphy's law comes into action.

i am no seasoned investor, but I would never ever encourage anyone to short. fixed upside, uncapped downside. just think of those holding their short positions when tesla was at 1k

the thing you have on your side is time... at least you can start over and continue working.

 

[Knightoftheblackrose]

 

[Galaxy77]

TS siao liao.
Xiaomi new high today.

Aw man.

 

[Tormented Soul]

Xiaomi will only continue to increase.

There's a reason why a lot of seasoned investors started whacking on xiaomi recently. Very good earning reports and prospect.

TS can I ask why you short such a potential stock in the first place? And without money that you have... go take personal loan and quickly pay off if not the losses is massive.

 

[Mecisteus]

Your timing must be really impeccable to make money through shorting in the long run.

Consider yourself lucky if you make money only once or twice.

Usually shorts targets are the tech stocks or stocks with sky high valuations or no profits.

 

[ussr_1991]

Walau. What I eventually did:
- Sell off all the remaining 500k Xiaomi Short DLC at 0.03

Not the best price (Highest was 0.032, I was hoping it to reach 0.035 or even higher) but I managed to sell off before 10am again (Coz one lucky guy who managed to sell 0.051 on Friday was also at before 10am as well) but certainly not the worst price (I sold first 200,000 units on 0.026, and there are times lower than this as well)

- Because of this, the entire thing is like buying DLC Xiaomi short at 0.054 only to sell them at 0.029, nearly 50% loss and take about $19,000 SGD (Cushioned by a single day Meituan $6k profit + other savings, but still short by up to $4k)

- With the sold value, I buy 10,000 units of DLC Xiaomi long at 0.90, only to sell it right after lunch break at 1.105. Not the highest price (1.13) but luckily I managed to earn about $1.9k from it

- There is still open position on 15,000 units of DLC Meituan long, probably will screw me again in a day or 2 time. The average price was 1.085 or so, and I hope to sell it at 1.10 at minimum which will require the price to be back at about 269.60 HKD (Closes 255.60 HKD) at 272.60 HKD for a decent profit (Sell at 1.15)

But according to a chart from Saxo Markets, the BOLL Down line is at 256.40 HKD and therefore the closing price is lower than expected. Hence there is always hope for chionging back to HKD 265.00 or so (10 HKD, or about 4%) to cut loss is always possible.

Unfortunately iOCBC made my trading limit to -$27k, and hence cannot trade anymore. Otherwise I would have enter another 10 to 20k on Meituan long to average the cost to 1.00 or so

 

[reddevil0728]

Walau. What I eventually did:
- Sell off all the remaining 500k Xiaomi Short DLC at 0.03

Not the best price (Highest was 0.032, I was hoping it to reach 0.035 or even higher) but I managed to sell off before 10am again (Coz one lucky guy who managed to sell 0.051 on Friday was also at before 10am as well) but certainly not the worst price (I sold first 200,000 units on 0.026, and there are times lower than this as well)

- Because of this, the entire thing is like buying DLC Xiaomi short at 0.054 only to sell them at 0.029, nearly 50% loss and take about $19,000 SGD (Cushioned by a single day Meituan $6k profit + other savings, but still short by up to $4k)

- With the sold value, I buy 10,000 units of DLC Xiaomi long at 0.90, only to sell it right after lunch break at 1.105. Not the highest price (1.13) but luckily I managed to earn about $1.9k from it

- There is still open position on 15,000 units of DLC Meituan long, probably will screw me again in a day or 2 time. The average price was 1.085 or so, and I hope to sell it at 1.10 at minimum which will require the price to be back at about 269.60 HKD (Closes 255.60 HKD) at 272.60 HKD for a decent profit (Sell at 1.15)

But according to a chart from Saxo Markets, the BOLL Down line is at 256.40 HKD and therefore the closing price is lower than expected. Hence there is always hope for chionging back to HKD 265.00 or so (10 HKD, or about 4%) to cut loss is always possible.

Unfortunately iOCBC made my trading limit to -$27k, and hence cannot trade anymore. Otherwise I would have enter another 10 to 20k on Meituan long to average the cost to 1.00 or so

so how u gonna pay up?

 

[coolhead]

Walau. What I eventually did:
- Sell off all the remaining 500k Xiaomi Short DLC at 0.03
Not the best price (Highest was 0.032, I was hoping it to reach 0.035 or even higher) but I managed to sell off before 10am again (Coz one lucky guy who managed to sell 0.051 on Friday was also at before 10am as well) but certainly not the worst price (I sold first 200,000 units on 0.026, and there are times lower than this as well)
- Because of this, the entire thing is like buying DLC Xiaomi short at 0.054 only to sell them at 0.029, nearly 50% loss and take about $19,000 SGD (Cushioned by a single day Meituan $6k profit + other savings, but still short by up to $4k)
- With the sold value, I buy 10,000 units of DLC Xiaomi long at 0.90, only to sell it right after lunch break at 1.105. Not the highest price (1.13) but luckily I managed to earn about $1.9k from it
- There is still open position on 15,000 units of DLC Meituan long, probably will screw me again in a day or 2 time. The average price was 1.085 or so, and I hope to sell it at 1.10 at minimum which will require the price to be back at about 269.60 HKD (Closes 255.60 HKD) at 272.60 HKD for a decent profit (Sell at 1.15)
But according to a chart from Saxo Markets, the BOLL Down line is at 256.40 HKD and therefore the closing price is lower than expected. Hence there is always hope for chionging back to HKD 265.00 or so (10 HKD, or about 4%) to cut loss is always possible.
Unfortunately iOCBC made my trading limit to -$27k, and hence cannot trade anymore. Otherwise I would have enter another 10 to 20k on Meituan long to average the cost to 1.00 or so

holy.... the way you trade is damn scary. You should create an account on reddit and post your position on wallstreetbets, can get a yolo award.

At this rate, you will lose your savings.

Posted from PCWX using Redmi K20 Pro

 

[reddevil0728]

holy.... the way you trade is damn scary. You should create an account on reddit and post your position on wallstreetbets, can get a yolo award.

At this rate, you will lose your savings.

Posted from PCWX using Redmi K20 Pro

actually we wouldn't know if it is CSB

 

[ussr_1991]

actually we wouldn't know if it is CSB

EDMW Rule No 1: NPNT
https://we.tl/b-jmSScVUnT7

 

[reddevil0728]

EDMW Rule No 1: NPNT
https://we.tl/b-jmSScVUnT7

how to prove that this is urs?

 

[twkacc]

now i think back, this post seems like csb or really got such person in real life?

TS no money liao still keep on gambling? the contra money u see not play play 1 , if lose need pay up leh. seek some help from ur family or relatives.

 

[ussr_1991]

how to prove that this is urs?

Easy

1) Get all the PS experts to see if these pics are photoshopped or not.

If yes, then this thread is CSB

2) If the pictures are not ps, then it must be the case where I have access to those screenshots
Which can be either:
A) These photos are taken by me
- So this thread is not CSB
B) I have a friend(s) who trade this way
- EDMW rule no 2, friend = ts
So this thread is not CSB

 

[wutawa]

But this is ssi, not edmw. Entertaining the troll will not help u make money, unless your objective is to make "frens". Then edmw is a better place for your thread.

 

[reddevil0728]

Easy

1) Get all the PS experts to see if these pics are photoshopped or not.

If yes, then this thread is CSB

2) If the pictures are not ps, then it must be the case where I have access to those screenshots
Which can be either:
A) These photos are taken by me
- So this thread is not CSB
B) I have a friend(s) who trade this way
- EDMW rule no 2, friend = ts
So this thread is not CSB

Sounds CSB

 

[Entry Level PC]

Walau. What I eventually did:
- Sell off all the remaining 500k Xiaomi Short DLC at 0.03

Not the best price (Highest was 0.032, I was hoping it to reach 0.035 or even higher) but I managed to sell off before 10am again (Coz one lucky guy who managed to sell 0.051 on Friday was also at before 10am as well) but certainly not the worst price (I sold first 200,000 units on 0.026, and there are times lower than this as well)

- Because of this, the entire thing is like buying DLC Xiaomi short at 0.054 only to sell them at 0.029, nearly 50% loss and take about $19,000 SGD (Cushioned by a single day Meituan $6k profit + other savings, but still short by up to $4k)

- With the sold value, I buy 10,000 units of DLC Xiaomi long at 0.90, only to sell it right after lunch break at 1.105. Not the highest price (1.13) but luckily I managed to earn about $1.9k from it

- There is still open position on 15,000 units of DLC Meituan long, probably will screw me again in a day or 2 time. The average price was 1.085 or so, and I hope to sell it at 1.10 at minimum which will require the price to be back at about 269.60 HKD (Closes 255.60 HKD) at 272.60 HKD for a decent profit (Sell at 1.15)

But according to a chart from Saxo Markets, the BOLL Down line is at 256.40 HKD and therefore the closing price is lower than expected. Hence there is always hope for chionging back to HKD 265.00 or so (10 HKD, or about 4%) to cut loss is always possible.

Unfortunately iOCBC made my trading limit to -$27k, and hence cannot trade anymore. Otherwise I would have enter another 10 to 20k on Meituan long to average the cost to 1.00 or so

Total Loss how much atm?


Your Meituan HK$255.60 last night US Listed stock also closed at around that price.
If drop again today you siao liao.

 

[ashethen]

damn BALLER siol.

using the ultimate hope and pray trading strategy.

SATKI!!!

 

[Entry Level PC]

Total Loss how much atm?


Your Meituan HK$255.60 last night US Listed stock also closed at around that price.
If drop again today you siao liao.

Wah TS, your Meituan rebound liao to HKD 265.
Offset your losses a bit more.