First create an account with Trading company or PEOMS, do your own research or get market report/information from your remiser as below.
Get market report/information (sorry as it is in pdf forms and i think can't post here):
- Container shipping, Singapore Daybreak, Singapore Press Holdings, KIG Fraser Morning Buzz, Market Pulse, Maybank KE Singapore Daily, SMRT, UOB Singapore Daily and UOB HK Retail Market Monitor
Look out for those shares with quarter dividend or yearly dividend. U can make payment thru CPF OA or cash.
PS: Depend how deep is your pocket, do u need the money in case it is lock down and what method u are playing.
Play Contra will earn fast like when u buy shares and u have to 3 days to pay up but if u sell within 3 days...u only pay looses or earn the profit.
My remiser will normally stretch my payment to around 5 days
1st example on wining:
Buy 50 lots at $0.850
50 x $0.850 = $42.5k
U suppose to pay this amt within 3 days time + admin and far charge around $100 to $200. if u sell 50 lots at $0.920 on 3rd or 4th days.
50 x $0.920 = $46k
The difference is $3.5k, the trading company will pay you around $3.1k (minus off admin + GST and buy & sell also charge around $300
Normally, u will win some petrol money or nice dinner....
2nd example on losing:
But if u sell 50 lots on 3rd days at $0.820
50 x $0.820 = $41k
That mean buy at $42.5k but sell at $41k, u need to top up $1.5k to your trading company
When u don't pay and sell the shares within settlement period of 3 days.....that is Contra play.....
Normally shares play Contra got risks as moving up is not fast within 3 days and now Greece problem....so not stable.
If u buy and sell same price....u still lose admin and GST charges.
My advise....must be careful and monitor the market, if not will get burnt easily...