Thursday, January 16, 2014

A little bit of day trading

Okay, it was a bit more than a day and day trading is generally a dumb idea, but I'm a guy and every now and then the testosterone gets the better of me.

I have a very small position in China Starch (HK: 3838). Having watched the share price bounce around for the last several days, I sold my shares at HK$0.23 and repurchased them at HK$0.225. After netting off the transaction costs I made enough money from that half a cent spread to pay for a nice dinner out with the family.

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