The third Macquarie Warrant Hotshot competition is back! Take part in this real-time simulated trading contest and trade with $100k of virtual cash. You stand to win the $20,000 grand prize or weekly prizes of $200. The competition starts on 6 July 2009 and will run for a period of 4 weeks For more details and […]
In a landmark case, Oei Hong Leong, the man with the Midas touch, is suing Citigroup for negligence and mispresentation over his loss of $1 billion (!) due to trades in foreign exchange and US Treasury bonds. Oei Hong Leong claimed that Citigroup gave him inaccurate and inconsistent reports on his trading positions, leading him […]
Tomorrow, SGX will launch an Extended Settlement (ES) contract on the streetTRACKS STI ETF. Just a recap, extended settlement contract is a new product launched by SGX two months ago. It allows one to take a long or short position on a stock for slightly more than a month without the need to put up […]
Extended Settlement Contracts, or ES for short, started trading on SGX today. You might have read a couple of news articles on ES. So, what exactly are Extended Settlement Contracts? It is a futures contract that allow you to buy or sell shares of a particular company today but which will be settled at a future […]
Continuing on from my previous post on trading by Ray Barros, this post covers on the topic of money management. Ray Barros mentioned that 80-90% of newbies will show a loss in their first 12 months of trading. 3-6% even lose their entire trading capital. The single most important reason why this happens is unrealistic […]