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sell and buy back same day, is treated like contra, no problems, otherwise, SGX buy back on T+4. at 2 bids higher.
just curious... i thought shorting (naked) is sell then buy back on the same day... else it will be T+4 by SGX?
correct me if i wrong....
you cannot buy back with naked short. SGX will do it for you on T+4.
if you attempt to buy back, situation become a bit more complicated.
it is very different from buy first and sell later, contra play...br very careful. talk to your broker more..
mamasan,
i thought if u do a naked short, you will have to buy back by T+1?
do correct me if i am wrong, becos i also never short naked too
naked shorttoo dangerous.. never do it.. how to borrow scrips, your broker will provide a list of stocks available... go ask him.. he needs to serve you. you are his client, his paymaster.
If you do naked short, SGX will buy back on your behalf on T+4...at 2 bids higher than last traded price.. and will keep raising it....if it cannot get the stock at that price...
Dear Mamasan,
If I do naked shorts, will I lose my shirt? How do I do a naked short?
How do I go about 'borrowing' a stock to short?
Kindly enlighten this greenhorn. Thanks so much.
you can short with borowed scrips, you can do naked shorts.. which one you want ?
I've never shorted a stock before. If I want to short a certain stock which I do not own and intend to hold it for say, 2-3 months, can I just do it?
yup... I like the "sniper" approach..
Choose few targets and fire very few bullets... but when you shoot.. make sure the hit-accuracy is very high.
Better than machine gun approach... anyhow spray bullets but 80% miss target.
Choose few targets and fire very few bullets... but when you shoot.. make sure the hit-accuracy is very high.
Better than machine gun approach... anyhow spray bullets but 80% miss target.
cont...... will not make any difference to profits/losses especially if you are only doing two trades a month like keejang. More importantly, spot some good counters and make money.
So far, not much differences in brokerage fees, give or take a few dollars per transaction below 50k, just like petrol prices and handphone rates.
Yes. 5% discount on the brokerage. Alternatively, you may opt to join our NTUCLink program and earn LinkPoints. LinkPoints earned are eligible only for brokerage payment and reduction of drawdown.
does dat mean u get 5 percent discount on the brokerage?
Lim & Tan
Online commission rates
Minimum brokerage: $25
| Contract Size | Rates |
| Up to $50K | 0.28% |
| > $50K to $100K | 0.22% |
| > $100K | 0.18% |
Rates are before 5% mileage rebate.
NTUC Link cardholders - For every $1 of commission paid, you will be awarded 5 LinkPoints.
ic..dats not a bad deal..any hidden clauses?
wat i know is that their min. comm is $22/transaction as compared to $25 or $28.
i dunno bout citibank but will check it out if so..
Wow... surprised to see so many replies within few hours..
Oh.. i think i missed out that clause "only 1 rebate per holder"...
from what i know, Citibank seems to be the lowest commission. details not so sure. But understand that the website may not be so user friendly.. anyone can comment?
"4.To be eligible for the brokerage commission Cash Rebate of $25 (the 'Cash Rebate'), the account holder must make bill payment during a Qualifying Period of a minimum trading transaction of Singapore Dollars three thousand dollars (S$3,000) via DBS internet banking [using the DBS Cashline account] in one single transaction.
6.Only the first one hundred (100) DBS Cashline account holders who meet the requirements as stated in clause 4 will be eligible for one Cash Rebate per Qualifying Period. "
For everybody's information :
got the above from DBS website... only 1st 100 holders meet the requirements. each holder entitle to one cash rebate only.
Ur welcome Singaporegal..:)