Author Topic: Live chat  (Read 2914605 times)

Icarium

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« Reply #855 on: April 17, 2014, 10:11:48 am »
Silly taxes knicking me down from potential 4th to 12th :(

Patrick

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« Reply #856 on: April 17, 2014, 10:32:55 am »
@Icarium it'd happen in real life too! Your profit is quite impressive. I was hoping we'd see more of the traders high up in the competition. A lot of people seem to talk about how they make it big, but I'd love to see the proof!

Moneypenny

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« Reply #857 on: April 17, 2014, 10:59:16 am »
Say what? You’ll be inane to try and ‘trade’ equities. You invest (> 3 yrs) in equities, you trade CFD’s.  They are geared, a little movement on underlying share up or down results in huge profit/loss.

Patrick

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« Reply #858 on: April 17, 2014, 11:10:59 am »
True MP... Just curious, how complicated are the systems behind CFDs? Do you think there's be people interested in a CFD style challenge?

Icarium

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« Reply #859 on: April 17, 2014, 11:16:13 am »
@MP - My real life strategy is paying off my bond. This is just for fun! (And educational)

Moneypenny

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« Reply #860 on: April 17, 2014, 11:27:38 am »
@IC: This is a good place to learn :)

Moneypenny

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« Reply #861 on: April 17, 2014, 11:28:59 am »
@P:  Not complicated, but you would need live prices imo, delayed won't work.

Patrick

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« Reply #862 on: April 17, 2014, 11:38:59 am »
Thanks MP. @Icarium, I actually initially took money out of my bond to buy some STXIND. Last year that paid off very well, this year I'm down on that by a few %, but it's still early days... Overall it was a huge plus for me.

Moneypenny

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Re: Live chat
« Reply #863 on: April 17, 2014, 12:07:43 pm »
@P:  To see real time CFD’s in action, go to www.ig.com, click right bottom and open free demo acc (2 weeks) with R100 000 playmoney. Open contracts long/short on Alsi, T40 & companies and you will see money move at lightning speeds, serious profits/loss in no time.

Snakepit

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« Reply #864 on: April 18, 2014, 10:47:38 am »
My 2 cents - You can put a stop loss on CFD's and most probably on shares also. To me the biggest real "loss" is the tax implications. Although you can write your losses off against your profits. So I'm in two minds about that. The one massive component when trading derivatives like cfd's, you must be an active trader and not a passive trader. You have to monitor it all day like the traders that work for the big companies do. You can't buy and walk away.

When you start trading cfd's or any other geared instrument, that becomes your day job. It is crucial that you understand that. Prepare yourself to sit in front of the screen for 8 hours straight. I can warn you. It is emotional draining. You will reach a stage where you think that the time spend in front of the screen is crazy, although you are making money. I have seen guys that make big profits, and I mean big profits, walk away. Your work (trading) life balance goes right out the window. Most traders nail it down to say 4 hours per day and then they walk away.

Working in a nuclear silo, is nothing compared to trading with derivatives :wall:

jaDEB

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« Reply #865 on: April 22, 2014, 08:42:55 am »
Morning all
jaDEB

If it scares you, it's a sign you need to do it

MrMafia

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« Reply #866 on: April 22, 2014, 08:57:19 am »
From 2nd place to 108th.  :(  

giggsie

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« Reply #867 on: April 22, 2014, 09:02:52 am »
From 168th to 23rd.... but i have just been Lucky :)

Patrick

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« Reply #868 on: April 22, 2014, 09:16:46 am »
Morning everyone. Hope you all had a great easter weekend.

Icarium

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« Reply #869 on: April 22, 2014, 10:29:44 am »
Go go 0.02% for 10%...!