₦airaland Forum

KarlTom:
AwesomeJ, I commend you for your tenacity.

We need to realize that no one size fits all neither can we have a style that suits all.

I think it's 222Martin who shared his method of increasing his holdings in an stock without infusing extra funds.

Personally, I don't believe that having a low BE price is something to brag about (especially for stocks that experience mild to big fluctuations).

If persons A and B bought 100k units of XYZ at ₦5 each (that's ₦500k plus charges).
Person A is a long termer regardless of fluctuations.
Person B is a trader ready to capitalize on fluctuations.

After 6months, XYZ is now ₦7 but there's a probability that Person B now has as much as 120k units after trading and reinvesting...

Stocks Trading is a game (in Megawealth voice ) and whatever format you can deploy within the official rules is allowed.

José Mourinho was ridiculed and derided for his awkward formations amd style of play YET he delivered results...

I remain a TradInvestor

Every mallam to his kettle

Exactly.
And it's not every time the underlying currency will move from #460 to #1500 year on year, making sustained 100% returns harder to find.

"harder" doesn't mean impossible sha.

rmx:
With the volumes you do , you should be able to negotiate rates

Try to get across to the guys in charge at both Morgan and Atlass , should not be difficult , got concessions from both in the past

Thank you.
I'll start the communication on Monday.

Locotrader:
If I understand this thing called stock well,it is all about tradings.

You can invest in a company by buying into their IPO or their private placements.Once they list those shares in the secondary market,people can trade their shares and make money.

Secondary market is dominated by traders.Brokers who are doing well in the stock market must be surrounded by traders.This is why cardinal stone and stanbic Ibtc are on top.They transact billions on daily basis.

Exactly, even NGX and CSCS, active traders are their core revenue contributors.

Locotrader:
Other brokers will like someone like you but investment one will put restrictions on your account if you are a Jijo type.I know you will not have anything to do with them self since their fees is 1.35% and you are looking for 0.50%

What's my business with them? Let them face their asset management business squarely and leave stock brokerage for people when understand what they're doing.

Agbalowomeri:
Not exactly your big capital
But I think it's feasible once in a year or two if you know your game.

People don't know that it's so easy to target one or two stocks that are sure banker for the year. That doesn't mean it will fly immediately you buy but you can give yourself 6-12 months. Sometimes you even hit above 100% if you are patient enough. Sometimes luck can even push it in three months. I have experienced all these scenarios

Me think this is much easier than running after 2-5% when I no do Forex Lol

Anyway the Koko na to make the though as long as it works for you

Exactly, as long as you know what works for you!

In my early days, I was always pained to read about people doing 200% , 300% on stocks, so sometimes I tried to take some positions to try my luck, nearly every single time, I exit at a loss, however ultimately, those stocks do better, but I would have sold off at a loss.

I remember last entering Access at around 7/8 naira after the merger with Diamond, on the basis of the perceived stronger entity I foresaw,

Oya, let stock climb na, no o, it instead fell from 7/8 to as low as N5, I sold when I could no longer near the frustration, today, perhaps around 1 year after, the stock climbed above N10.


But it just never works for me.

Trying to say we should all do long term or that we should all do 5-minute entry/exit is like telling all football coaches to always play 4-4-2.


I like my 1-2%, I'm already up 80-100% this year. That's 100% of my entire portfolio size not 100% in a few positions.

Streetinvestor2:
Is trading your full time job for you to have such time.
Loco still dey learn work for your side.Did you say 5% and you are out

You make it sound like if I make API calls, I would get some sort of 500 response saying "unprocessable request, you have open NGX orders"

Point is: it takes less than 7 minutes to place 30+ orders (If you know which ones to place), and while they're open, it doesn't stop your Zoom/Google meet, postman, vscode or rubymine from running.

Agbalowomeri:
What of 100% of 150m? With less stress

How often do you make 100% of the N150m?
What's the chance that while targeting the 100% you could still end up in a downside?

Streetinvestor2:
Who say dividend no dey swt.After access bank dividend.
I was thinking today na Lafarge 4 dividend only to see total energy dividend cooling off in my account. We go reinvest total dividend and flex access dividend

All reinvesting and no flexing can make Jack frustrated.

Agbalowomeri:
You go really like withdrawal method o

I like small margins on large volumes. I don't think I've ever exited a position at up to 20% upside. Usually below 5%.
Below 2% net of all fees and charges.

But i'll take 2% of N150m over 15% of N15m, plus the fees I pay help keep maybe an extra cleaner or other staffers in jobs.

Locotrader:
You can also talk to Apel securities.
I negotiated 0.50% with them sometime ago but I never performed any trading with them but I have a functional account with them

Now, Apel I have more confidence in,
I'll reach out to them, thanks for the suggestion!

Agbalowomeri:
See billionaire

Una get money for here o

Some folks have millions but trade billions, whereas some like you have billions and may only trade millions.

Different strokes! 😁

Locotrader:
Just approach Atlass portfolio for negotiations.
They have same interface trading platform like Morgan.
They may also review their fees upwards in the coming months the way things are going

Yes I've already reached out to them on Whatsapp.

No response yet. Good thing I still have 6 weeks.

At 0.5% average fee, I don't need to negotiate with them, it's already fair enough.

I can just port like 20% of my portfolio there till I build enough confidence.


Thanks for mentioning them.

Streetinvestor2:
Bros you dey buy and sell per minute be dat.Your broker go so like you..Are you fund manager

I assume they would. Some days I see transaction counts of around 1000 out of which I made 50.

Maybe when I trade up to N1bn monthly, I'll be able to negotiate fees.

I'm not a fund manager 😁

Locotrader:
It's better to pay 1% brokerage fees and get better services

True, but I got great services with Morgan capital even while their fees were 0.25%

Whereas I tried some folks with 1% fee, they take forever to respond.

Competitive fees doesn't imply poor services, neither does high fee guarantee great service.

0.5% of 10bn will always be better than 1% of 3bn.

Locotrader:
Atlas is 0.40% and 0.60% in buy/sell.
Contact them

Which is effectively 0.5% flat.
I'll check them out.
Thanks.

MCSE hiking fees to 0.75% from 1st July.

that's extra 250k to 500k monthly brokerage fees for me.

Who has a trading license here.
I'll commit to N2bn annual trading value if you'll offer 0.5%

yMcy56:
It's working perfectly
Try and clear caches and past history
Then restart the system
If problem persists, contact your IT admin.

Thank you. Seems to be down again though.

Emndy:
It is not functioning optimally

Thanks

KarlTom:
It seems to be down.

Okay.

Can anyone access MCSE iTrade rn?

chimex38:
GDP has been rebased again.
I say make I update you.
So you can understand NBS stats better

https://businessday.ng/big-read/article/explainer-what-gdp-cpi-rebasing-means-for-economy/

😁😁

Streetinvestor2:
Ha bro.Na serious work you dey do.That means this is your full time work

I work as a software engineer.

That's my day job.

But I've always loved numbers.

See what I mean by volume.

90 entries in my statement already first 2 trading days.


Those 90 entries represent close to 250 individual trades, given that MCSE groups trades by price.


I would really like to put the algorithm into a Python script. So I can scale. If NGX can give API access using our CSCS credentials. Even if they want to charge 100k per month for individual investors.

Streetinvestor2:
How long have you been doing this game.If really long.How whr you able to navigate during bear season

Actively trading since 2018.
The costly loan just started last year.

I would prefer to use my own funds and keep the extra 7% to my self though, but that COVID time Emefiele crashed rates, I liquidated my investment to go do real estate, now $42,000 in, house never still finish. I've decided to phase is sha, the little units finished are already doing $1000/$1100 in rental income.

That's what drained my liquidity.


Bear market?

My own definition of bear market is when market is slow sha. Like when I struggle to trade N5m in a whole week. Usually as long as I make trades, I make gains.

But sometimes you bid, and you nor dey see market buy. Sometimes too, some positions crash on you and tie your money down. And sometimes you exit and position and it goes on to gain 50% more in a matter of days.

My own is to focus on driving volume and maintaining my 1.5% margin.


Later if NGX give API access for free or at an inexpensive price, I'll like to experiment with automating my trades with code(Python).

HesInMe:
Okay, last comment on this before I begin charge you tuition... You're struggling because you're dismissing this real vs nominal GDP thing as "theories" or "jargon." It's not. Na de koko be dat.

Let's assume cocoa exported from Naija sells for $10k per ton in both 2023 and 2024. Let's further assume 1 USD was N1,000 in 2023 but N2,000 in 2024, due to devaluation.

2023:
Exported 10 tons @$10k = $100k
Nominal GDP contribution = $100k*1000 = N100 million

2024:
Exported the same 10 tons @$10k = $100k
Nominal GDP contribution = $100k*2000 = N200 million

So nominal GDP is showing a massive 100% GDP growth from N100m to 200m. Yippee! But we all know actual output hasn't increased. Na the same 10 tons of cocoa exported in both years, and the same price per ton. So real GDP growth is zero. Odo. Nada.

Bottom line: When someone tells you about GDP, ask them which GDP they're talking about.

Tution? I'm sure if anyone has learned from the other here, you're the learner.

Is GDP a measure of the quantity of goods produced or a measure of the value?.

Get your points to be coherent na, you don't have to comment if you're not knowledgeable about something.


You yourself gave an analogy that shows the value has increased from N100m to N200m but you claim since the quantity didn't increase from 10,000 tonnes then no GDP growth.

Come on na, no be value be GDP again, have they changed the definition to quantity?


As long as you understand that the value should be showing N200m from the old N100m, you've gotten my point. What you should explain if you have an answer is why NBS is showing the value as N110m.

emmanuelewumi:
On a loan of N5 million, how do you pay the principal apart from the monthly interest of 7%

Do you mean the payment schedule or the means to repay?

If the former? It repaid weekly on reducing balance, again Ucee outshines them here.

If the latter, I never count loans as my asset, it's the banks money. So long I make over 350k on it every month, I split the profit between us, and return the due portions of the principal.

emmanuelewumi:
You really need to give a breakdown of a typical buy and sell position before one actually think he is making a profit

When you add all other fees, it's over N1m monthly.

I think we both know that whoever pays this much in fees know what they're doing otherwise na straight to village 😁😁

Streetinvestor2:
I guess is not on ngx you play the game with that cost of fund.

NGX.

Apart from April 2024, I make more than 7% each month. So I'm good.


Ultimately though, I want to get it down to 5%, then for me, it will be a sort of asset management, where I get clients' funds indirectly through banks.

I've always wanted to own a fund that pays 5% guaranteed monthly, this way, I don't have to canvass for funds, and I can scale gradually.

Like what happens when I start doing N1bn or N10bn in trades monthly? Can I still make 1 to 1.5%?

emmanuelewumi:
Did you consider the fact that you are not expected to pay Ucee interest every month.

So that122k monthly interest payments can be invested in a Money Market fund till the loan matures.

How many times will you trade the N5 million in a month, you are really working for the stockbroker

True the 122k will still be useful, but that 500k fee is still the drag.

Huge volumes don't imply working for brokers.


I trade 100m and make 1.5% while my brokers make 0.5%.

Someone else claims he doesn't want to work for brokers, so he trades just N20m, loses 1% on the position, brokers still make their 0.5%


Who is really working for brokers here?

Streetinvestor2:
The guy risk appetite na different level. The 60% is what most microfinance bank charge. They collect 5% per month plus compounding when you fail to pay interest in any month. They be thieves with biro.And have away with police to intimidate you to recover back

Exactly, we all have different risk levels, although I grew mine with time sha. There was a time when I would keep money in NTB at 18% p.a.


The MFB I use though aren't that dramatic, the only call I ever get from them is call to top up.

emmanuelewumi:
What is the loan amount that charges 350k per month? If it is 5% monthly, the loan amount should be N7 million


They have one of the cheapest rates for loan. Do the Cost Benefit Analysis. UCAP loans at 30% per annum and the current 5% per month that you have been doing.


The mutual funds of UCAP is currently N1 Trillion, some few billion from it can be given to their Microfinance Bank at 28% so at 30% they have 2% margin

If it was even 5% it would have been much better. It's 7%.

I use a loan amount of N5m in my analogy.

It costs 350k monthly from Renmoney, it costs 122,500 from Ucee.

So Ucee is cheaper by about 230k.

However since I have to now move my portfolio to UCAP, my broker fees will become N1m compared to the current 500k at MCSE.

Locotrader:
60% p.a just to buy stock?
Well you can say this in a bear market

Yes. It's relatively cheaper.
I'm a trader in the market though. Not an investor. I mean I get c. 2000 X-Alert Notifications monthly.