₦airaland Forum

EDUECO:
I bought some Zenith Bank shares in my trading portfolio yesterday at 67 Naira and I sold this morning at 70 Naira.

I made about 1.5 percent after buy and sell commission!

A little drop of water make a mighty ocean.

Try that 1.5% on N500m, it's sweeter.

NSEstudent:
MH Pro Max

It's already glaring why this won't work.

When you want to exit, who will buy from you, from all of you as you suggested?

They will unite to sell again 😁😁

Brokers will smile.

Agbalowomeri:
You are on your own

My Oga says investment is not a team sport

But it was with GAMESTOP a few years back??

NSEstudent:
Those are auto-generated. You can imbed them in a simple HTML template when you have no content to add there, by typing just a few codes and indicating the number of words.

It's amateurish to do that in a production environment.

Always blame the developers na.
The client that owns the website shouldn't have a responsibility of ensuring there's actual information there na.

emmanuelewumi:
I pray say some of you guys here go make heaven. How can I tell people to buy a stock when I am planning to sell the stock

Cos every seller needs a buyer na 😁

Guys, are deals happening on your end?

It looks like the exchange wants a break from my end.

ositadima1:
It’s alright, bro. Sorry — it’s actually the best.

You're exactly right, cos I'm the one in the best position to determine that for myself, just as you're the one to decide what works best for you.


It's the best available tool that I have access to right now. And I've checked out a few others, nothing comes close. Not even paid ones.

I'm glad I could custom build it as I have.

ositadima1:
Okay, I can do all that in an Excel sheet, so I wouldn’t really need it—unless you offer additional functionality.

You make it sound like I'm selling you the app??

Whether Excel or biro and paper, you're free to use what you're comfortable with.

awesomeJ:
That's not what maintenance means in the context of software development.

And for my use case, getting a csv from my brokers would be what's needed.


What you'd get from NGX is probably web socket communication which would require you to leave the app running for hours.

That's unnecessary for my use case.


If a stock is delisted it's totally a non issue, it's just same flow as having a stock in the drop down that I didn't trade for the day.

Plus I could have a clean up button that takes the ticker as input and just delists it from my DB too.

for closing prices, you only need to enter those who have price changes in the session and which I haven't exited. Could be 5 or less.


I think you're making way more comments on the app than you have context.

Your context is limited on its functionality as well as my use case.

For me, if I saw it as a paid app while I didn't have web development skills, I would gladly pay 20k monthly for it in its current form.

You also mentioned error.
Again that's based on your limited context.

There's a dedicated preview page where you see the current numbers generated for the state of your portfolio and then you can compare with what's on your portfolio summary table from your brokers.

It's exact even to the decimal point digits.

And if there's a difference you can double check and correct your input before you save.

This is just to emphasize that your comments were based on limited context. You shouldn't have assumed your idea of an half baked application was real 😁

ositadima1:
What happens when a company gets delisted or added to the NGX, since you're using a dropdown? Also, to track your performance, you'd have to manually enter current prices, which is prone to errors. That’s the kind of maintenance I’m thinking of.

That's not what maintenance means in the context of software development.

And for my use case, getting a csv from my brokers would be what's needed.


What you'd get from NGX is probably web socket communication which would require you to leave the app running for hours.

That's unnecessary for my use case.


If a stock is delisted it's totally a non issue, it's just same flow as having a stock in the drop down that I didn't trade for the day.

Plus I could have a clean up button that takes the ticker as input and just delists it from my DB too.

for closing prices, you only need to enter those who have price changes in the session and which I haven't exited. Could be 5 or less.


I think you're making way more comments on the app than you have context.

Your context is limited on its functionality as well as my use case.

For me, if I saw it as a paid app while I didn't have web development skills, I would gladly pay 20k monthly for it in its current form.

ositadima1:
It's a good tool, though it still requires a lot of maintenance. The NGX would probably give you access to data for a fee—I think Stock Bubbles is built on top of that. You could host it like Stock Bubbles and allow users to create their own IDs, like Yochaa.

I'll check out those tools when I'm in the mood, for now I'm happy with the functionality.

You probably mean `efforts`? Which isn't a lot at all.

Maintenance is not in context here. The app is stable.

Yesterday wasn't my best day 😁
The numbers are nicer if I chose a range of Wednesday to Friday.

Wednesday is my earliest data point.

What do you think @ositadima1 ?

ositadima1:
So do you enter the data manually like you would on an Excel sheet, or does it have an API link to a broker? Yochaa comes to mind.

I enter the TICKERS, VOLUMES, SIDES, AND AVERAGE PRICES manually, the rest is automated.

Entering tickers and side is easier since I just use a select list with drop down.

The volumes and average prices, I get from the execution summary page from the brokers' platforms.


Do you think brokers will give me API access??

Cos already this takes out a lot of mental calculations.

And I get historical snapshots of my portfolio for every trading day.

Plus a few other data.

Let me share some screenshots:

If you're an active trader here, I just wrote a nice Flask app that accurately helps with tracking your earnings, cost, portfolio snapshot etc.

I'm so excited about it.

Super light weight too.

Maybe I'll put it in a public repo for anyone who would like to use.

Mpeace:
I think there was a cross of 10 Billion units at N31

Maybe it's the final EFCC settlement

17 cross deals😁

The public holiday notice is too short na.
They should have just kept flags flown at half mast for a while week and let the rest of us continue with our business.

Maybe NGX will pretend they didn't see it early enough 😁

Chrisfaco:
Hi guys, please i reply do not know how to use this platform but i have a question. I have about 22m but i am confused if I should use it to build a residential apartment for my family (a wife and a kid), commercial apartments (maybe 4 or 5 units of self contain. PS: I already have a land in an estate, self contain goes for around 400k there) or I should invest the money in Treasury Bills and get my rent (550k) from interest rate and also invest the rest of interest in a small business that i can scale up over time. Please i will be needing your honest advice on this. Thanks OGs

If you put it in T-bills at 18% you'll get perhaps N3.5m upfront. (After WHT)

You can maybe start the project with that.

If you have other income sources that'll allow you commit say 500k per month to the project, I'd say do it this way, and have the project finished in 3-4 years while still maintaining a large chunk of your investable funds. (In case opportunities show up, it's usually bad to find opportunities to invest but be drained for liquidity cos all your funds have gone into the project)

If NGN seems like it'll nosedive, then you'll need to revise the plan so that the money you're trying to save doesn't become worth less.

For instance blocks I purchased at 230k per thousand in 2021 now cost 900k. Steel at 320k is perhaps around 1m per ton now. Granite is worse.


Then for rent, the 22m may not be able to complete more than 4 units of decent sef cons (one mistake people make is underestimate labour cost) effectively making your rental income half what you'll get from T-bills. Plus that half still has potential for delay or default.

oluayebenz:
Obviously you are not into construction.

Decent 2 bedroom flat with 10m naira, you mean Nigerian naira?

I was wondering the same too 😁
Maybe it's the type of construction where bamboo is used in places of steel rebars.

SAK:
I tried to sell one of the stocks I bought yesterday,the error message was "insufficient balance" which was not correct.

Yes it was like that on 3rd July.

CSCS acts up like that once every burgundy moon.

Guys, please can you confirm if you're able to this morning sell volumes you purchased yesterday? I think CSCS is being high??

Good morning @LocoTrader, please do you have contacts I can use to reach Atlass? (They're not responding to my emails on their "info", and they're not answering calls on 0702***5058 either)

KarlTom:
BearBullMarket
DesignKing
Bovali
AwesomeJ

Trust you're good

Yes! Thank you.

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stokfrick:
Is atlas real time trading and what are their total charges for buy and sell

Yes.
Buy at 0.4%
Sell at 0.6%

Thanks to Loco, I would never have known.

@Locotrader,
Thanks again for your recommendation of Atlas.

I had my first session with them today and it was 56:44 56% of my trades through them, 44 through MCSE, Even though the bulk of my fund is still with MCSE.

APEL, while their fees are right, trying to do active trading on their platform is perhaps harder than getting Nigeria to become debt free 😁 or maybe just as hard.

Toluway:
Is Conoil dead?

I know a `Toluway`
Do you have a memory of FC WAMCO from 2012?

If so, it's nice to meet you here 😁

ghm:
Humm... don't you think it is time to introduce fractional shares into NGX? The US Stock market received the largest boost in patronage when fractional shares were introduced. The question is, are our Stockbroking firms ready for that?

Maybe not yet since only 2 stocks are currently priced above $1.

If someone gives me just 1 unit of Berkshire class A, I think it's enough for me to retire 😁


But it's certainly a good one.
Exchanges should always be innovative in driving participation.

Agbalowomeri:
So when a couple of companies' share gets to 20k or 50k, they should change the rule again? NGX shouldn't be bending rules because of a couple of coys. It is the responsibility of company board to improve the liquidity of their shares na

Same rule works even if price hits N100k per share.

It's not really a rule bending. Tiered volume for price adjustment was the original rule, they ammended it to address the concern of index distortion, what I'm saying is that there's a way to keep that concern addressed while avoiding the adverse effect of illiquidity.

Board responsibility is to deliver optimum share holder value na, liquidity for listed equities is more of an NGX responsibility than the board's.
Na NGX suppose dey drive innovations that'll improve market participation, make board face the business of driving profitability and operational efficiency

Agbalowomeri:
Let them remain there or the shareholders do a stock split. It's not NGX fault

A rule amendment is better in this case.
It's not the shareholders' fault either that the stocks have gotten so valuable, neither is it their fault that NGX isn't as liquid.

Guys, someone here asked a few days back why stocks like Airtel still needed 100k units for a price change.

To him, my response is:
The volume needed was indeed tiered as you expect only a few years back, with stocks above just #100 needing only 10k units for a price change.

But people were then easily distorting the index with price movements on stocks like Dangote cement (needed only 2.2m then)

To everyone, my take is that, that rule probably needs to be adjusted to reflect new market realities.

At the time it was introduced, only NESTLE was priced above 1000, today we have GEREGU, AIRTELAFRI and SEPLAT too some having done 10x in the intervening period.


My proposal:
Let's revert to allowing 10k units cause a price change (maybe this time for stocks above N1000) provided the ticker hasn't had a price movement for up to 30 days (new clause to guide against the index distortion concern).



I think this adjustment is needed to help stocks like Airtel and SEPLAT which have such wide disparity between the prices in London and Lagos.


I'll try to send an email to the NGX public contact, please send this proposal too if it makes sense to you(add your voice), also if you have private communication access to the team there, maybe raise it too.

The market could be doing extra N5bn per week on these two if they weren't so blocked.

Locotrader:
Yes I am aware but yet to do any trading with them

Okay, thank you.
Thank you so much!

@LocoTrader, Apel seems to be saying that every one who uses their web portal only get charged 0.5%, can you confirm?

Their message:


Dear Sir,

Thank you for your email.

Kindly be informed that if you are trading on our Online Web portal, you have a concession of 0.50% brokerage commission.

Enclosed in this email is our account opening form and inter-member transfer form.

Agbalowomeri:
It's not about calling out
It's about faith and patience

I have faith, but that patience is what i'm short on, but it doesn't matter since I already know my hand isn't straight to find roots of a quadratic equation with graphs, let me stick with the quadratic formula that works for me all the time, I still respect those who find their roots using graphs though.

It's hard to imagine though that you consistently find a stocks that do 100% and always put 100% of your portfolio in them.