Disclaimer: Stock-take.blogspot is a personal diary/private trading journal to record my personal views, analysis, trading and prediction. The purpose of stock-take.blogspot is not intended to induce or promote any insider trading or manipulate activities. All information can be obtained freely from the public internet. Use all information at your own risk or discretion. stock-take.blogspot shall not be liable for any losses, injuries, or damages arising from its display or use.
Monday, May 28, 2012
Securities Trading with Standard Chartered Bank
Just submitted my saving account application to Standard Chartered Bank because I have decided to open a securities account with them. The commission charge is 0.2% with no minimum commission which I think is very good for a small trader like me. Good news for my "gross margin"!
Sunday, May 27, 2012
Taking The 1st Step
I opened my first trading account in 2010. I was then 21 years old. I remember vividly the first trading that I made. I guess my newspaper reading habit helps me to decide the first stock for me to invest in. I was looking for good fundamental stock which will grow in value in the future and I read an article in the newspaper that talks about ageing population. Thus I decided to invest in one of the healthcare stock.
I chanced upon Thomson Medical stock and thought that this company is a leading healthcare provider for woman and children and thus I decided to invest in it.
The first trade was quite a struggle when I was deciding whether to enter the market. A lot of "What ifs" appeared in my mind before I click on the "BUY". What if I lose all my money? What if the market crash? But then I convinced myself that the capital amount that I put in is an amount of money that I can afford to lose. If I want to learn how to invest, I have to take this important first step. So I clicked on the "BUY" and my investing learning journey continues till today.
I guess I was lucky then. I bought Thomson Medical at a price of $0.830/share. Within 3 months, Peter Lim announced that he will acquire majority stake in Thomson Medical at a price of $1.75/share and I sold my share, making a return of 111%. I was so elated then. But the subsequent investment that I made wasn't that lucky though and up till today, I am at my breakeven point.
I am enjoying the process of investing. Learning and gaining experience from every profit or loss that I made. I have pick up some books to read to improve my financial knowledge so that I can fine tuned my investing strategies.
I decided to start this blog so that I can record every bits and pieces of my investing journey. I will be sharing information and views on stock that is under my watchlist and some personal views of the world issues.
I chanced upon Thomson Medical stock and thought that this company is a leading healthcare provider for woman and children and thus I decided to invest in it.
The first trade was quite a struggle when I was deciding whether to enter the market. A lot of "What ifs" appeared in my mind before I click on the "BUY". What if I lose all my money? What if the market crash? But then I convinced myself that the capital amount that I put in is an amount of money that I can afford to lose. If I want to learn how to invest, I have to take this important first step. So I clicked on the "BUY" and my investing learning journey continues till today.
I guess I was lucky then. I bought Thomson Medical at a price of $0.830/share. Within 3 months, Peter Lim announced that he will acquire majority stake in Thomson Medical at a price of $1.75/share and I sold my share, making a return of 111%. I was so elated then. But the subsequent investment that I made wasn't that lucky though and up till today, I am at my breakeven point.
I am enjoying the process of investing. Learning and gaining experience from every profit or loss that I made. I have pick up some books to read to improve my financial knowledge so that I can fine tuned my investing strategies.
I decided to start this blog so that I can record every bits and pieces of my investing journey. I will be sharing information and views on stock that is under my watchlist and some personal views of the world issues.
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