Fail to pay brokerage

[ussr_1991]

So Xiaomi Short losses is fixed at $19k

This morning iOCBC deduct $7.2k (First 300k units of DLC, where 200k @ 0.026 and 100k @ 0.035 on last friday) and I have asked the broker to manually GIRO the $10k to offset the remaining 500k @ 0.03 (Yesterday)

There was abt $2k gain on Xiaomi Long on ytd as well, this total ($10k cash + $1985 from Xiaomi long within one day) is enough to offset about $11660 losses for the remaining 500k units


And then there is Meituan long, my broker can let me hold for another 2 days



Dun say I CSB, I have uploaded the screenshot on my PL accordingly

 

[Galaxy77]

Seems reckless.

 

[yang_nastyman]

take it as paying tuition fees to learn

probably cheaper than signing up for those youtube "gurus"

 

[IronMan123]

Today Xiaomi up again!

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[ussr_1991]

Today Xiaomi up again!

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ya lor, broker say their credit team cannot let me treat it like casino where lose money then give more credit.

Otherwise everyday $2k profit, 1 month can recover everything maybe with some
profit

 

[Entry Level PC]

So Xiaomi Short losses is fixed at $19k

This morning iOCBC deduct $7.2k (First 300k units of DLC, where 200k @ 0.026 and 100k @ 0.035 on last friday) and I have asked the broker to manually GIRO the $10k to offset the remaining 500k @ 0.03 (Yesterday)

There was abt $2k gain on Xiaomi Long on ytd as well, this total ($10k cash + $1985 from Xiaomi long within one day) is enough to offset about $11660 losses for the remaining 500k units

And then there is Meituan long, my broker can let me hold for another 2 days

Dun say I CSB, I have uploaded the screenshot on my PL accordingly

Wah going to hold on to Meituan.


If later lao sai how?

 

[ussr_1991]

Wah going to hold on to Meituan.


If later lao sai how?

But if I sell now, it is guaranteed lose $1.5k

 

[peppermint7]

But if I sell now, it is guaranteed lose $1.5k

After this episode. Will u be changing the way you trade? Or u will still take such risk?

 

[reddevil0728]

After this episode. Will u be changing the way you trade? Or u will still take such risk?

from the way he replies, seems quite YOLO

 

[ussr_1991]

After this episode. Will u be changing the way you trade? Or u will still take such risk?

I will avoid short DLCs, it will make people mind “short”


I need to earn “$100 daily” (Which I mean $1k daily), so that I dont have to pay DCP of $60k principal for full 10 years lol

 

[reddevil0728]

I will avoid short DLCs, it will make people mind “short”


I need to earn “$100 daily” (Which I mean $1k daily), so that I dont have to pay DCP of $60k principal for full 10 years lol

so how u gonna earn that?

 

[Entry Level PC]

I will avoid short DLCs, it will make people mind “short”

I need to earn “$100 daily” (Which I mean $1k daily), so that I dont have to pay DCP of $60k principal for full 10 years lol

60k Debt liao?

 

[ussr_1991]

60k Debt liao?

That $60k debt is personal loan to cover earlier decision to resign a job that I cant function back then and has nothing to do with trading / DLC

Thats why I so yolo, who knows maybe you will see me driving in excess of 130kph on roads?

 

[peppermint7]

That $60k debt is personal loan to cover earlier decision to resign a job that I cant function back then and has nothing to do with trading / DLC

Thats why I so yolo, who knows maybe you will see me driving in excess of 130kph on roads?

I believe many of us here was bitten by trading snake before that's why we will stay away from risky trades. You are not the only one who have suffered such loss ok?

Please don't do silly things. Just got to move on and learn something out of it and live wisely from now on.

 

[Entry Level PC]

That $60k debt is personal loan to cover earlier decision to resign a job that I cant function back then and has nothing to do with trading / DLC

Thats why I so yolo, who knows maybe you will see me driving in excess of 130kph on roads?

Looks like TS over-estimated yourself to be 自命不凡.
Life is about taking cr@p from others and getting your sh*t together.
People only manage to succeed after they learn to eat humble pie.

Even Peter Lim admit, he only manage to become a Billionaire because he got lucky.

Peter Lim: “This size — substantially, it’s your destiny. If today I have $10 million, I’d say over 90 per cent is due to my hard work. But getting it right is not $1 billion. Maybe it’s $100 million. How that $100 million becomes $1 billion, you know it’s because somebody likes you. You must believe it’s somehow a path that’s been drawn.”
(Source: The Business Times, AsiaOne News)

Making money
Peter Lim: It's very difficult to make money from trading. People who get rich are those who buy a company, build it, run it. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up.

 

[3dfxplayer]

That $60k debt is personal loan to cover earlier decision to resign a job that I cant function back then and has nothing to do with trading / DLC

Thats why I so yolo, who knows maybe you will see me driving in excess of 130kph on roads?

Contra should really be banned, it will just ruin people like you.

I've always said that trading tends to attract the people who are most likely to fail at it, this is why only a tiny percentage of traders succeed.

 

[Entry Level PC]

Contra should really be banned, it will just ruin people like you.

I've always said that trading tends to attract the people who are most likely to fail at it, this is why only a tiny percentage of traders succeed.

Fail liao you end up as "Rogue Trader" lor.


Not surprising but the first is also based in Singapore.
Nick Leeson - The Original Rogue Trader.

 

[Tormented Soul]

Wah you got personal loan of 60k somemore

Really is got balls

 

[weng0202]

60k loan, for breaking bond with government?

 

[IronMan123]

60k loan, for breaking bond with government?

Sounds like

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