Saturday, February 25, 2017

FIFO: ComfortDelgro

After my first successful contra trade on Singtel few days ago, I made my 2nd contra trade on ComfortDelGro on 20th Feb.

Seeing the price went down few days ago to near 52wk low, I bought 13,000 shares at $2.41 on 20th Feb.
As this is intended for contra, therefore, I had to sell it within T+3.
The price hardly move during these 4 days and I sold it at $2.43 on 23rd Feb, just barely enough to cover the trading fees and made only $44.57 as profit in 4 days.

This is a far cry from my first contra profit from Singtel of $917.02 (Click here).

I feel it is not easy to play contra and luck do play a huge part in this.

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