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Author Topic: Mr Div's CFD diary :: How to loose R25K in a few easy steps  (Read 166019 times)

gcr

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #60 on: January 05, 2016, 09:09:31 am »
Quote from: Mr_Dividend 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.

I have used 2 screens on my desk top for a number of years - helps in that you can keep your portfolio open on one and use the other for reading up on articles and this site of course - works for me
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

jaDEB

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #61 on: January 05, 2016, 09:18:44 am »
Tablet is not for couch trading, it is so u cannot enjoy a moment being away from market. U can take tablet everywhere with u... :whistle:
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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 #62 on: January 05, 2016, 10:02:27 am »
ALSI is not playing ball today. 1 contract takes around half my cash - which does mean it has a serious effect if I am in it. Down over R200 today so far  :(

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Fawkes85

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #63 on: January 06, 2016, 05:37:54 am »
@Mr_Div

Was looking at gt247.com and their fees and hoped you could clarify some things for me.

Under 'Long Funding' it says SABOR +2.5% and under 'Short Funding' it says SABOR -2.5%...What the hell is SABOR and what does the + and -2.5% mean?

Then it says 'Interest on Free Cash' is -1.24% to -5.17%. Does that mean any money that is not actively being used to trade with is being taken away at a rate between -1.24% to -5.17% a day/month/year?
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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 #64 on: January 06, 2016, 07:00:36 am »
Sorry Fawkes cannot really help- guess SABOR is some variable bank rate. But to give you and idea - carried over 100 FSR and 100 OML shares the other night and cost 96c and 93c - when you are short it's the opposite and you get a couple of bucks.

DAY 11 R3571.06 -R805.62  :frustrated:

Just a kuk day really. Started bad, squeezed out a tiny profit midday - then got my arse handed to me in the arvo. So a couple of lessons learn't: DOW, DAX, FTSE and to a lessor extent ALSI - kinda move as one. So if you fully invested long or short and you make a wrong call, your ass will be handed to you. pronto. I need to seriously read up about chart analysis - will be concentrating on this for the rest of the week. From now on, I will stop trading when I am happy with the day - then switch to my demo account. Will also only use one index at at a time - probably the DAX.

Oh well, live and learn hey?
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Fawkes85

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #65 on: January 06, 2016, 07:41:11 am »
Have you ever tried giving those guys that Orca recommended at traderscorner.co.za a try?

They will email you every day to tell you what to buy and what to short and so on. They have a one month trial account for R329. It seems steep but I mean if their tips can help you make thousands of Rands a month it will be well worth it.
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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 #66 on: January 06, 2016, 10:00:08 am »
Opened gt247 practice account, invalid username. Ffs they never asked user name

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 #67 on: January 06, 2016, 12:40:44 pm »
Really messed up this morning and was R600 down at one point - then did what you not meant to and added, and then added again to my position - it did turn in my favor, rode it down and now exited at R100 up.

So will an eye on the DAX - but until i am back above R4000, will just enter on 2 units at a time

Fawkes - really want to learn the in's and outs and am prepared to put in the time - 100's of hours if need be. Not working has plenty of advantages!

JaDEB - hope you get it sorted - it is, as you know, quite a dangerous way to play with stocks.
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JohnnyH

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #68 on: January 06, 2016, 03:45:49 pm »
MrD, which online course are you doing? Also interested in this.

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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 #69 on: January 06, 2016, 04:09:07 pm »
http://www.shawacademy.com/trading/course-details.html

But do not pay that price.!!!!!!!

On daddydeals.co.za it was R19 and groupon had it for R99 - so would just wait awhile and see when it pops back on. Seems like they only do it once a month.

Guys are chatting about it here

http://mybroadband.co.za/vb/showthread.php/787409-The-Shaw-Academy-Diploma-in-Financial-Training
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Fawkes85

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #70 on: January 07, 2016, 05:36:50 am »
I am also looking at opening a demo account at GT247 and just wonder about the difference between EQ Trader and Future Trader.

https://www.gt247.com/OnlineTradingHome/CFDs/AssistedTradingOLD/DemoAccount/tabid/445/Default.aspx

"EQ Trader gives you access to all of South Africa's finest stocks as well as major international markets to trade CFD currencies, commodities and indices."

If it gives access to indices does it mean you cannot trade individual shares?
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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 #71 on: January 07, 2016, 06:11:10 am »
Did not really look into it much - thought "future trader" was more about FOREX so went with EQ Trader as I figures I would be more into Equities.

Yesterday I did 19 trades in the DAX and one each on the DOW and Hangsen. Basically rushed into two pathetic trades on the dow and hangsen at about 07H00 - I think I was just excited that I did not have to wait till 09H00 for the DAX to open. Walked away R150 down and kicking myself 15 minutes later. I really have to fight my impulsive nature. So at 09H00 went the wrong way on the DAX just after opening on 4 short contracts, started loosing. But I did think it would turn south with the help of some TA, so went short another and then another a bit later. At the peak was down about R600+ and my account dropped below R3000 - not good. But it did turn, but was trying to use my head and sold (bought) 8 when I was even and the other 4 shortly after that.

I then went down to two contracts and spent the afternoon in and out of trends with mixed success and little financial gain - but was pretty happy overall with the day. That said, I guess as I become more knowledgeable I guess my trades will spend more time in the market and scalping will not happen as much.
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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 #72 on: January 07, 2016, 09:16:39 am »
DAY 12 R3720.06 R149

Lately, my first trades have been dogs and then have had to fight back (or in Day 11, not) - for once I would like to start on a win straight away. So no rushing in, staying just on the DAX, start with 2 contracts but will move to 4 once I am comfortable. Then I also want to look at some equities and try identify trends for more day/swing trades - just the bigger guys, NPN, BTI, FSR
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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 #73 on: January 07, 2016, 11:23:07 am »
So far doing well on my start well end well campaign! Decided to take more a longer term trade on 15 Sol - shorted at 38403 - with the idea of buying in at 37272 - another level. Hit that within the 2 hours... oh well - will take the R170 and try find something else for a longer term trade.

Have modified my trading om the DAX a bit - basically buy smaller amounts more often - generally works well, got caught once. But up around R500 on the DAX sofar - will probably take a break, but tentatively would like to double that today.
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Nivek

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #74 on: January 07, 2016, 02:39:06 pm »
Do this years market gymnastics make it easier or harder for you?
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