Ever since CMC Markets disallow stop orders for Hong Kong CFDs, I have never trade in HK market. At the start of the year, I opened an account with MFGlobal with the focus on HK counters. Anhui Tianda Oil Pipe is the first HK stock that I traded using MFGlobal. I suppose a losing trade is not a very inspiring start. Nonetheless, I believe it was worth the try given that the volume is good and the risk has decrease after the stock has retraced from it’s 2 year high. Better luck next time!
Entry: bought 6000 shares at HK$4.26 on 11 Jan 10
Exit: sold 6000 shares at HK$3.96 on 18 Jan 10
Commission: HK$350
Financing charges: HK$30.70 ($6.14 x 5)
Loss: -HK$2180.70 (-S$391.51)
You may also like:
- IndoAgri (long) – closed on 15 Jan 10
- Ezra (long) and HK Land (Long) – closed on 22 Dec 09
- Olam (long) – closed on 10 Dec 09
- UOL (long) – closed on 11 Jan 10
- OCBC (long) – closed on 7 Jan 10
- Straits Asia Resources (long) – closed on 8 Jan 10
- USDCHF (short) – closed on 18 Dec 09
- GBPUSD (short) – closed on 17 Dec 09
Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
