Comments on: Trading Report Card – July 09 http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/ Wed, 08 Feb 2012 04:44:12 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Alvin http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-302 Alvin Mon, 03 Aug 2009 15:22:40 +0000 http://www.bigfatpurse.com/?p=1524#comment-302 Haha, you are right Choon Cheit. I made a mistake. I mistook HK stocks commission with SG commission. SG counters cost 0.15% or S$15, whichever is higher, to open/close. For HK counters, it is 0.25% or HK$25, whichever is higher, to open/close. Because my trading size is not large enough, I usually incur the HK$25 minimum charge which converted to about S$4+ per transaction. So that was the confusion. Haha, you are right Choon Cheit. I made a mistake. I mistook HK stocks commission with SG commission. SG counters cost 0.15% or S$15, whichever is higher, to open/close. For HK counters, it is 0.25% or HK$25, whichever is higher, to open/close.

Because my trading size is not large enough, I usually incur the HK$25 minimum charge which converted to about S$4+ per transaction. So that was the confusion.

]]> By: Alvin http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-1770 Alvin Mon, 03 Aug 2009 15:22:40 +0000 http://www.bigfatpurse.com/?p=1524#comment-1770 Haha, you are right Choon Cheit. I made a mistake. I mistook HK stocks commission with SG commission. SG counters cost 0.15% or S$15, whichever is higher, to open/close. For HK counters, it is 0.25% or HK$25, whichever is higher, to open/close. Because my trading size is not large enough, I usually incur the HK$25 minimum charge which converted to about S$4+ per transaction. So that was the confusion. Haha, you are right Choon Cheit. I made a mistake. I mistook HK stocks commission with SG commission. SG counters cost 0.15% or S$15, whichever is higher, to open/close. For HK counters, it is 0.25% or HK$25, whichever is higher, to open/close.

Because my trading size is not large enough, I usually incur the HK$25 minimum charge which converted to about S$4+ per transaction. So that was the confusion.

]]> By: Kuan Choon Cheit http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-301 Kuan Choon Cheit Mon, 03 Aug 2009 00:49:06 +0000 http://www.bigfatpurse.com/?p=1524#comment-301 For CMC, how could you just pay S$4-S$5 to close a position? It should be another min S$15 to close a position. For CMC, how could you just pay S$4-S$5 to close a position? It should be another min S$15 to close a position.

]]> By: Kuan Choon Cheit http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-1769 Kuan Choon Cheit Mon, 03 Aug 2009 00:49:06 +0000 http://www.bigfatpurse.com/?p=1524#comment-1769 For CMC, how could you just pay S$4-S$5 to close a position? It should be another min S$15 to close a position. For CMC, how could you just pay S$4-S$5 to close a position? It should be another min S$15 to close a position.

]]> By: Alvin http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-300 Alvin Sun, 02 Aug 2009 12:06:59 +0000 http://www.bigfatpurse.com/?p=1524#comment-300 Because I am trading Contracts For Difference (CFDs) and not shares. It is relatively cheaper for it's commission fees. With CMC Markets, I pay S$15 initially to get a contract and S$4-S$5 to get rid of it. Because I am trading Contracts For Difference (CFDs) and not shares. It is relatively cheaper for it’s commission fees. With CMC Markets, I pay S$15 initially to get a contract and S$4-S$5 to get rid of it.

]]> By: Alvin http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-1768 Alvin Sun, 02 Aug 2009 12:06:59 +0000 http://www.bigfatpurse.com/?p=1524#comment-1768 Because I am trading Contracts For Difference (CFDs) and not shares. It is relatively cheaper for it's commission fees. With CMC Markets, I pay S$15 initially to get a contract and S$4-S$5 to get rid of it. Because I am trading Contracts For Difference (CFDs) and not shares. It is relatively cheaper for it’s commission fees. With CMC Markets, I pay S$15 initially to get a contract and S$4-S$5 to get rid of it.

]]> By: chinesealbumart http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-299 chinesealbumart Sun, 02 Aug 2009 11:22:11 +0000 http://www.bigfatpurse.com/?p=1524#comment-299 " A round trip transaction (buy and sell or sell and buy) would have cost me S$20" Is it that low ? I would think it is about $40 to $50 at least, considering that the minimum charge is usually $20 or $25 regardless of lot size. ” A round trip transaction (buy and sell or sell and buy) would have cost me S$20″

Is it that low ? I would think it is about $40 to $50 at least, considering that the minimum charge is usually $20 or $25 regardless of lot size.

]]> By: chinesealbumart http://www.bigfatpurse.com/2009/08/trading-report-card-july-09/#comment-1767 chinesealbumart Sun, 02 Aug 2009 11:22:11 +0000 http://www.bigfatpurse.com/?p=1524#comment-1767 " A round trip transaction (buy and sell or sell and buy) would have cost me S$20" Is it that low ? I would think it is about $40 to $50 at least, considering that the minimum charge is usually $20 or $25 regardless of lot size. ” A round trip transaction (buy and sell or sell and buy) would have cost me S$20″

Is it that low ? I would think it is about $40 to $50 at least, considering that the minimum charge is usually $20 or $25 regardless of lot size.

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