4 people like this.
207 comment(s). Last comment by stockraider 2021-12-11 10:26
Posted by Philip ( buy what you understand) > 2020-06-10 16:00 | Report Abuse
Here's how you do it.
Put up 50k of your own money. Then borrow about 50k from friends and family.
Then put it in trading account and get maybank approval to margin of 100k.
Now buy 200k of supermax.
Then, you will notice you have 200k of contra t+2 in your account.
Go ahead and buy more on contra.
You will now open 400k of supermax.
After it goes up by 20%, you would have 480k. Now you can close your position and turn 100k into 180k in a few days. Now repeat again:
180k into 360k into 720k contra, make 20% on that in T+2.
Rinse and repeat until you become a millionaire.
Posted by Philip ( buy what you understand) > 2020-06-11 08:31 | Report Abuse
Are you a millionaire yet? Congratulations.
Posted by tomdickharry > 2020-06-15 21:24 | Report Abuse
Murali unusually quiet today after major blood bath of TG & Spermax, wakakaka
Posted by CharlesT > 2021-12-11 10:24 | Report Abuse
This is one of the classic
Posted by stockraider > 2021-12-11 10:26 | Report Abuse
Thats how Uncle Philip nearly went bankrupt in Aokam loh!
Lesson not Learn loh!
Posted by Philip ( buy what you understand) > Jun 10, 2020 4:00 PM | Report Abuse
Here's how you do it.
Put up 50k of your own money. Then borrow about 50k from friends and family.
Then put it in trading account and get maybank approval to margin of 100k.
Now buy 200k of supermax.
Then, you will notice you have 200k of contra t+2 in your account.
Go ahead and buy more on contra.
You will now open 400k of supermax.
After it goes up by 20%, you would have 480k. Now you can close your position and turn 100k into 180k in a few days. Now repeat again:
180k into 360k into 720k contra, make 20% on that in T+2.
Rinse and repeat until you become a millionaire.
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CharlesT
14,927 posts
Posted by CharlesT > 2020-06-09 19:15 | Report Abuse
Stop watching topglove price till 2021....