Watch out your trading fees

With KLCI achieving new high everyday, I am sure it catches a lot attention. More people from all walk of lifes will get into stock market. Buying in at new high May be a bad idea as you never know whether its peak or not. It's always better to avoid buying in at overbought stage that can be determine using some technical indicators such as RSI more than 70 or touching above the upper bollinger bands and etc. I will prefer momentum trading that need to trade more frequent compare to buy and hold. Thus, trading fee is a major issue. The few trades I made recently charge me few hundreds that reduce my profit margin. Therefore I switch from normal plan that charge 0.42% or minimum RM12 to Trade Beyond that only charge 0.1% or minimum RM8. The 0.32% difference definitely make a lot difference.

To buy a house or not

It's been some time not writing over here as I have been busy handling my house loan. Although Fed is going to reduce QE soon, I have waited long enough to decide buying my own house. Still remember 4 years ago when I started working, double stories terrace intermediate was just around Rm300k and it was just 1km away from my current home. Now the house I bought in cost me Rm378k and it's 13km away. Not only smaller but also much further and expensive. With everything rising price now, inflation is everywhere.

By buying the house, I will end up finish my saving and investment capital accumulated this four years. It's also good for me to start from zero again as I am still young. Next year have to save more money and look for opportunity to increase my income.

With crazy bull around, I manage to get another 2 thousands through Supermax but also encounter loses in Airasia after cut lose at 2.46. Luckily sold yeelee at 1.33 that I bought in 1.24 but again lose in Supermax CO when I accidentally cut lose at0.285 with average bought in price at 0.3. These few trades overall just made me 1 thousand plus.