Small Change

Why I have no love for contra trading

The duration to settle contra trades will be cut by one day from Dec 10 but I won't mind that, having seen the ruinous impact on a relative.

Contra trading, in which short-term traders buy and then sell the same stock within a stipulated window, is a well-known trading strategy among retail investors.

It is particularly dear to the heart of old-timers who traded profitably in the past and yearn for those good old days.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Sunday Times on November 25, 2018, with the headline 'Why I have no love for contra trading'. Print Edition | Subscribe