Earlier this year(May 2015), a friend was casually mentioned how she made some money from the stock market just 1pip off a penny counter, Xpress Holdings and that got me all interested.
I decided ride the wave together(sharing brokerage) bought a small position on Xpress Holdings and made S$50. Through this transaction I learned it wasn't so simple to make money. To buy cheap and sell high, you need to Queue to Buy & Queue to Sell.
We queued for a few hours got it at 0.017, then when it jumped to 0.018. WOW, SELL!! so excitedly I told my friend to sell them. However, we did not managed to sell it. I was confused why is last done 1 million shares all bought but but I wasn't able to sell my shares! So that night I did some google-ing and read up and of course I realised everything also need to queue. Being kiasu Singaporeans we placed a SELL before the market opened so we can be ahead of the masses. Finally SOLD, so many anxiety for S$50. It took me awhile to figured we can simple buy and sell base on spot price on spot but that an handicap :)
Welcome to the stock market.
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