My first day of trading at Bursa Malaysia

On 23 March 2017 was my first day of my entry into shares trading at Bursa Malaysia. about 2 weeks prior to that, I had studied intensively about shares trading especially on technical and fundamental analysis of a few shares that I had targeted to buy when the time was right. I set my buy after careful study to minimize risks and to maximize profits.

Please bear in mind this was a real trade, meaning I had used real money and not a paper/demo trade. This was considered against trade wisdom because for a newbie like me, it was better to paper trade for a few weeks or better still for a few months before trading with real money. However, I felt a little bit of confidence because a few years back, I had some experience in Forex trading which was more volatile in terms of price fluctuations than shares trading and definitely would bankrupt you faster if you were not careful. Forex trading shares almost the same kind of technical analysis and uses the same indicators as the ones used in shares trading. In a way I felt that I was not in an unfamiliar territory. To cut a long story shot, I had lost a few K of the Ringgit but the experience I received was so valuable for later use in shares trading.

So here goes, my first few trades of shares, 3 lots for each shares. I chose RHB Investment Bank as my broker and the platform I used was RHB TradeSmart.

Later, the following day on 24/3/2017 I bought 1 lot of Air Asia.

Out of the 4 companies, only Ranhill was a bad choice after I realized it the day after. This was realized after I read about Ranhill in lowyat.net forums of the Stocks Exchange sections which gave bad historical impression of the company. Traders who felt that the company had a bad history would be compelled to dispose off the shares of the company and those that contemplate to buy would not buy upon knowing the bad history. I thought I had made a hasty or impulsive decision to buy Ranhill shares, so the shares must go. 

I had already pledge to buy on the basis of a very strong fundamental attributes of the company and satisfied with the technical analysis before making the decisions to place the bid to buy. I was not happy with the way I had started the trade and something must be done to remedy this. Overall, if I sold all the shares, I would profit a tiny sum but at least it would make me happy and would try to adjust my strategy later.

Finally, after some deliberation, I had decided to sell all the shares and to rethink back my strategy. My broker staff was surprised when she noticed that I had sold all my shares despite losing on the Ranhill shares. She immediately Whatsapp me to inquire why I had sold all the shares. I had nothing to reply except to tell her that I had to rethink back my approach to buying shares and needed a new start.There was some peace in my mind when I let go all the shares. It was like letting off some unwanted baggage on my shoulder.

Three of the shares, Inari, Air Asia and Gkent would later see the prices up a bit at the expense of less profit gains for me but what was important was the lessons that I had learned and of course the tiny profits that I had received. Inari price was just nice when I placed the order to sell at 2.08, up 12 sen from 1.96. Today on 30th March, the price is hovering lower at 2.04 to 2.05.

You would be curious how much profits that I took for the first 2 days of trading at Bursa Malaysia? Hahaha....the amount was just RM282.35, enough for a month petrol on a tight budget. Not bad for an ikan bilis like me who were just starting with this new stuff . See you again in my later posts.