Results of my first foray into stocks trading - Pass *sort of*

After the minor debacle with Milan Station (1150.hk), I decided that it was a good time to take stock of what I've learnt so far over the last 2 months.

As such, my remaining open position with Shifang (1831.hk) was closed with a loss of HKD$26 and the total profit/loss was calculated.

Having started my first trade with Jimei (1159.hk) on 9 Mar and ending with Shifang on 29 April, I conducted a total of 13 trades (buy and sell) on 11 different stocks and had a nett profit of HKD$946.

While this is not a very big amount (when converted into SGD, it's about $167), but when compared with my initial capital of $3K, this gives me an ROI of 5.65%.

I've also just completed my prototype stock trading and evaluation system and will be testing it out in the next phase of my trading journey.

Stay tuned :)

Sold - Milan Station (1150.hk)

The bloodbath started as soon as the suspension was lifted...

Apparently, the controlling shareholder and the chairman of the company has placed at least 280 million shares and up to 375 million shares (which represents all his shares), representing 41.33% and 55.43% of the share capital of the company.

Consideration was $1 per share (Share was trading around 1.23 when it got suspended).

I nearly didn't want to put in my stop loss level but decided to do so half an hour before the market opened this morning. So, I got stopped out at a "better" price ($1.08), but still at a loss.

This trade reminds of my very first trade with Jimei (1159.hk) bought on 9 March just when I started this blog.

Total damage = ($1.16 - 1.08 x 2000 shares) = HKD$178.

Suspend - Milan Station (1150.hk)

Encountered my first share suspension today, two days after I bought my shares.

Sigh.

Bought - Milan Station (1150.hk)

Bought 2K of Milan Station (1150.hk) at $1.16.