It’s been an exciting week doing more pair trading in the US stocks market and milking little gains from the market (I won’t wear a bigger hat than my head even on margin). The most volatile counter played, no doubt, is Alibaba and I am out of it. Just look at the long long candle yesterday, woah…. Invincible, no other counter can be its pair now.

I know in one of my earlier posts I mentioned why I won’t invest in oversea market – then now I ate my words? It’s because 3 of the deterring factors are no longer bothering me (that much). First, the commission – my trade commissions for US stocks are lower than my buying of local stocks using Vickers. Second, custody fees – my position are not long term, so I am not sure how much custody fee would I be charged, however it is quite negligible (0.12% P.A). Third, foreign exchange spread – I am …