- Alibaba’s Jack Ma to unveil succession plan next week, remain chairmanRead more at https://www.channelnewsasia.com/news/asia/jack-ma-retire-alibaba-founder-new-york-times-10696942
I am currently back to my ‘unorthodox’ pair-trading with Alibaba (BABA) and Weibo (WB).
Had a short wild ride on Tilray couple of days back. It’s almost like smoking the last puff of a cigar before it crumbles – not talking about a value stock here, but an over-valued stock.
My homework for the coming week is to consolidate some of my learning into a workable system and try to do some math. I realised that my total trading commission is a bit out of proportion versus my gain. As mentioned, CFD trade commission is a whooping $9.90 per trade and that is without factoring in the daily financing cost yet. Long positions have a higher daily financing interest than short. Despite that, I understand that we cannot correlate commission …