Do you trade short-term stock?

Do you trade short-term stock? Yes, I do. Everybody loves to gain money in short period. Trading short-term stocks are the best way to earn easy money in very short period like 1-2 days. You don’t even need to pay in order to trade. All you need to do is buy and sell it on the 3rd day. This is called contra trading.

For example, if you buy stock A that worth RM10.00. After 3 days, the price goes up to RM12.00 and you sell it. You will gain RM2.00 without pay anything up front. However, if the price go down to RM8.00. You will have to pay the stock firm RM2.00 back. It is as simple as that.

My first contra trading of this year… I managed to buy IOICORP and sold it after 2 days. Gained 8.29% return. Isn’t that great? Yes. But you need to have a very good timing, else you will end up like the trades that I did last few years ~ underwater. 😛