Hong Kong stocks market Day Trader

[GloriaBrown]

OK for the commission, but what about the transaction tax ? It's 0.2% on a full trade, that makes a significant difference to one's Pnl, or am I missing some exemption ?

Did you check how (un)profitable are the other HK stocks daytraders in your team ?

500 trades instant 100% lose. Some japanese day trader make more than 1000 trades per day in japan, doing that is suicide in hk market

 

[GloriaBrown]

I signed up with one of the HK broker and they actually offer me quite a low commission, so actually day trade is actually possible to me. I joined the team there, the problem is I have no choice as they dont allow us to do swing trading (only day trade) and no futures or option.

Currently i just focus on those cheaper stocks, which normally below HK$5 and I only go in as the momentum comes. Scalping is not an option for me as the cost still kills. Still struggling at the moment, but I wont give up so easily.

Dude, your broker just makes sure you day trade everyday so the broker can earn good commission every single day. Dont be silly and fall in those hk trap. Who would let you join a real team while u knows nothing.