Just closed my SIA yesterday to protect my capital. After holding on to this counter for more than a year, it gave me peanut :( It may move up more after today but it's safer to get out early, market is too unpredictable now. I don't want to have a "profit turn into loss" like last time...
Well, in general it is not too bad as I've learned some lessons after this.
- Big counter is hard to play, every bid is different by 2 cents. And since it's too high, it's impossible to confirm that I can sell every time the price is up, so a big amount of money may be locked for long.
- The commission rate is very high, thus it doesn't make sense to play with 1 lot, some people said I should play with at least 3 lots, but that requires too much capital.
- The dividend is not confirm, it was quite bad for this year. But on the other hand, it is still better than those without dividend :)
Overall it gave me around 1.8% profit this year (after deducting admin and commission charge), way better than the "0.03% per annual" interest rate from bank. But again, does it really worth the risk? I may need to think twice before entering this stock again...
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