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Author Topic: Mr Div's CFD diary :: How to loose R25K in a few easy steps  (Read 166020 times)

bushwakka

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #45 on: December 28, 2015, 03:37:08 pm »
The 650 odd views would suggest that there are many forum members interested in your progress.

Agreed, keep it here.
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Orca

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #46 on: December 28, 2015, 06:22:23 pm »
Quote from: Mr_Dividend on December 28, 2015, 01:53:08 pm
gotcha - will move this diary off line.

</thread>
My apologies if I offended you but I really did not mean to. I was merely pointing out the fact that one must not have high expectations and it is early days yet so expect some losses as you go along.
I will delete my post if you wish and then you delete yours and carry on posting here as we all enjoy it.
Rethink your decision and I will bow out here until you restart this thread.
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I started here with nothing and still have most of it left.

Nivek

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #47 on: December 28, 2015, 09:39:43 pm »
Please keep it up to date, I think it's fascinating to follow!
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Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #48 on: December 30, 2015, 07:02:24 am »
cool.

will change it slightly though - I like using more colorful language in my trade journal - so will just update this a couple of times a week with figures and my current thoughts.

Day 6: R-236.43
Day 7: R-159.11 total R4015.91

Made some appalling trades on the morning of day 6 - just seemed to want to get the money in the market. So went into the red straight away - then had to leave for the afternoon. decided to keep the trades open - but luckily they did not get worse. So next day went through all 5 open trades setting close stops on 4 - they all stopped out pretty quickly. at that point I was sitting at just under R3800.

But by the afternoon a trade on CML - had recovered as well as a trade in FSR - but lost a bit on Glencore. Also went in and out twice on the DAX. And although I didn't pick all winners - I thought they where all picked and execute fairly well.

My current thinking is: 90% of traders fail - so I really want to listen to the few that end up making it. many of the guys left standing seem to have moved to using price action alone. some might use a couple of indicators( rsi/bollinger bands, ect), but many use none at all. I am quite a fan of K.I.S.S so will be employing these principals for a bit.

I am also, at the moment, thinking that i prefer instruments that are traded frequently like the DAX - this moves at light speed compared to say CML/NPN or BTI. In an ideal world, would still like to get most of my trading done in the morning. also flirting with the idea of limiting my watchlist to just a few counters. One or two high volume get in and out counters (will i go to the darkside and check out forex) then a couple of SA companies - but then i must shown some restraint and really wait for a set up.

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Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #49 on: December 30, 2015, 04:49:07 pm »
Market gave me a bit of a snot klap this morning. i was in and out the DAX - 3 or 4 times, couple of bucks here and there. I think they called contracts. anyway, started on 2, then 4. hey this is easy. let's take 8. Was trading trends up and down, but the general trend is down. When I went long 8, the market reversed about 1 minute later - so had a long in what i knew was a short market. Was down R500 at one stage, but just sat on my hands hoping for a reversal - eventually it did happen - luckily enough just as i woke from my nap. So sold out around R-100 - waited a bit and then went short - but will leave it at just 4 contracts a time.

Other than that, had a short on Sasol that worked and long on FSR which didn't - made around R70 for the day. But very happy after what could have been a pretty bad day.
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Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #50 on: December 31, 2015, 07:35:11 am »
Day 8: R4100.09 - R84.18

Market closes early - but will be doing the same as yesterday. trade DAX as it comes - looking at price action and trading from the 5 minute chart - i think the 1 minute might have to much "noise". Then will open a few SA equities and put in resistance/support lines and try trade between them. After a couple of bearish days, maybe today might be a bit bullish?

Otherwise will be hiding in our "office" as it's the only room with air con - yesterday hit 40c - outside CT. Tonight we will be going to the Nedeberg concert - did it last year as well. Hope everyone has a great NY - and keep your eye out for drunks on the road.

And remember. The trend is your friend, until it ends.
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jaDEB

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #51 on: December 31, 2015, 09:36:42 am »
Best for u as well and every1 else on site, hope u have a good 2016  :TU:
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jaDEB

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Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #52 on: December 31, 2015, 02:19:03 pm »
I made such a small profit this morning, when I was closing the program, I swear GT247 asked if I would like to be paid in chappies.

  ;)
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Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #53 on: January 04, 2016, 09:02:16 am »
DAY 9 : R4116.71 R16.62

Made my first calculation mess up on FSR - adding instead of subtracting a percent - means I got stopped out pretty much instantly - but should really use the graphs to check points. Was a very quite morning, and the DAX did not open so just a couple of little trades. Anyway, the start of a new week - a whole 5 days of trading! At last - time to scrap all these public holidays, what are us early retirees meant to do with our time???  :LHST:

Will carry on drawing support/resistance levels for just a few shares and then use price action to try spot a trend and trade the trend. Nothing fancy. With the DAX looking to scalp and with SA inc, will try daytrade. Although I will look at the 1 minute graph - decisions will be made off the 5 minute.

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erwintwr

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #54 on: January 04, 2016, 10:50:17 am »
maybe drop in for a quick "short" tomorrow morning?

http://profit.ndtv.com/news/economy/article-china-halts-trading-after-shares-slide-7-1261899




/ yes i am extremely bad at giving trading advice :P
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Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #55 on: January 04, 2016, 04:21:08 pm »
Today was the day for shorts - not sure if it will carry on tomorrow.
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gcr

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #56 on: January 04, 2016, 10:54:57 pm »
Read the article on CNN Money and then make your own decisions- article by Heather Long titled Stock market selloff: Just how bad is it?
Interesting stats as to how low the Dow, S & P 500 and Nasdaq have to still fall before it is termed a correction or bear market
China seems to be the problem, and unfortunately our unthinking government has hooked its wagon to them along with some rather dicey other BRICs countries who have all or are on the verge of being downgraded to junk status - so we will see further falls in our markets 
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #57 on: January 05, 2016, 06:47:21 am »
Well, for this side of things it doesn't really bother me if markets go up or down - as long as it's not flat. Of course, the bulk of my money would prefer a bull market - but on that side, do not mind a flat market as long as dividends are growing.

BTW, chatted a bit to a guy whose business is industrial property (all over as well as a few overseas) over the holidays - he is 100% let and doesn't see any problems for 2016 for letting his properties.

Will do the figures later for yesterday - but was in and out the DAX 21 times yesterday, plus forays into the ALSI and FTSE. For scalping (what a kuk word, surely there is a better term??) it seems like it might be best. Then also has positions in Sasol and FNB.

At the end of the day, decided to experiment and bought 100 oml and FSR - two shares that got hammered over 5% during the day - looking for a recovery today.

I will post figures later - but did ok sticking to the plan. Was up just over R200 at 09H45 and would have been happy walking away with that - but need screen time, so carried on. Eventually got to R450 - but then the DAX turned and I did not get my short out quick enough and it cost me - running almost into the red. But recovered a bit in the afternoon - finishing up around R200 or so.
But a good day all up - on the whole, took losses earlier and managed my money better.
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jaDEB

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #58 on: January 05, 2016, 07:15:49 am »
Chinese market marginally up, my shares down NPN/OCE/LON, AVL up 😊, got new tablet still learning

Sent from my LenovoA3300-H using Tapatalk

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jaDEB

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Mr_Dividend

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #59 on: January 05, 2016, 08:35:36 am »
DAY 10 R4376.68 R259.97

Thought it might be a bit higher but had quite a lot of fees. Will do the same again today - will be interesting to see where FSR and OML open. Must try use the 5m chart more than the 1m today.

JaDEB - thought of getting a tablet so I could trade on the couch - but I think I actually need to two ok sized monitors - one for the charts and one for the program. Later this evening I start a small web based course in trading - runs for a month - hope I get some good knowledge out of it.
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