The growing ranks of Hong Kong's day traders

Leung Siu-hong's day job is selling Hong Kong real estate. In August, he picked up another activity: trading stocks, joining the growing ranks of Hong Kong's so-called day traders.

The 48-year-old property agent isn't a newcomer to the stock market. He had been investing for the long term, but coming up short on returns. So, he changed strategy.

In August, Leung sold a residential property and pocketed HK$1.2 million. He earmarked 5 per cent of the proceeds, HK$60,000, to invest in the stock market and 20 per cent to buy gold. He's keeping the rest in cash.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1059652/growing-ranks-hong-kongs-day-traders