Tuesday, June 25, 2013
Made SGD 220 from first contra trade on Super Group
Bought 3 lots of Super Group at SGD 3.74 on Monday, and sold today for SGD 3.84. The cost factoring for commissions was SGD 11,259 while the proceeds was SGD 11,479, making it a gain of SGD 220. This is essentially picking coins in front of a steam roller. Whether I will do it again depends on how volatile the market remains over the next few weeks.