Entering stock market without pre-learning can really makes one’s encounters in KLSE pretty interesting.

There are some fancy terms that only people inside KLSE know about their meaning and their usage.

I first come to know this T+3 contra and intraday trade when I experienced it myself.

Even my remisier didn’t explain this to me when I open my account.

Perhaps this is a ‘common thing’ that all investors/traders, including newcomers, presumably know about?

If that’s the case, then I must be really a lazy trader who is just not willing to spend time to familiarize myself with these terms at early stage.

Anyway, in Sep 2014, I accidentally performed my first contra and intraday trade in KLSE.

The story went like this,

On a typical Friday morning, I woke up and logged in to my trading platform just to find out that BJCORP was actively traded with high volume and surging.

My limited technical knowledge (after getting shepherded for 3 months) at that time persuaded me that something might be taking place behind this.

I boarded BJCORP that day,

And out of curiosity, I also bought BJCORP-CQ at RM0.07, without knowing what this actually is.

(I’ll share more of my story with this -C later)

BJCORP surged from RM0.45 to RM0.54 that day and for those who know –C well, CQ doubled on that day.

Unfortunately, I didn’t know what I bought and I immediately sold BJCORP-CQ on the same day at an average of RM0.0775 out of worry.

This is how I accidentally done my intraday trade, not knowing how it works and its associated risks.

Later on, I realized that fees charged on this kind of intraday trades are lesser.

One is even allowed to trade in such way ‘without paying the exact amount one needs to pay’, as long as it is within tradable limit.

Additionally, closing the trade on the third day after purchase also won’t cost money (except processing fees and losses, if any)

I suppose these have made many willing to take the risk to play their luck with KLSE.

Some notable daily surges in 2016 include PETRONM, AWC, DRBHCOM, TGUAN and COMCORP, just a few days back.

All these rose at least 10% in a day during their respective surge, making intraday so tempting…and I believe many in i3 here did benefit some from these notable surges.

But bear in mind, a sudden U-turn would be extremely hurtful and costly for you. Think of AMEDIA yesterday.

One who has studied thoroughly on a valuable company does not simply trade in such a way.

Why only eyes on a short gain when holding could bring you more?

Doing this for fun…?

Think again….wisely.

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P/S: To sharpen my skill, I do share some stock watch in Invest for Life and facebook https://www.facebook.com/investforlife.com.my/.