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We Committed Our First Short Selling Mistake!
By Mr And Mrs Budget  •  December 17, 2020
Earlier last week, Mr Budget made a stupid mistake which we thought we wanted to share more here. As we have previously mentioned, we are actively looking to sell off our Singapore shares to fund our increased appetite (a better way of saying “greed” haha) for US stocks. Hence during the recent rebound of the Singapore stocks, we took the chance to further offload some of our Singapore shares. What happened was that, we entered the limit order to sell our counters at XXX price. However, instead of waiting for the orders to be filled at our price target, and because Mr Budget was impatient for the counters to hit the intended sell price, Mr Budget executed a new market order to just sell off the shares in the current market rate. After all, a +0.01 increase may just be a 0-1% incremental return for us. The cost to wait for these funds...
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By Mr And Mrs Budget
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