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Author Topic: Mr Div's CFD diary :: How to loose R25K in a few easy steps  (Read 164108 times)

Fawkes85

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #90 on: January 13, 2016, 09:29:16 am »
Mr_Div, first of all if I'm hassling you with my questions feel free to tell me to sod off.

But with that said...once I bought something how do I set a stop loss? In other words I want to set an order where it needs to sell once it reaches a certain price (for a profit) but also a stop loss to make sure I do not lose too much if it goes south. How do I do that? Just place two different orders?

@jaDEB - That's why I am giving GT247 another shot even though their email correspondence sucks! Their fees. For the small amounts of money I wanna trade the R100 minimum fee over at IG just would not make it worth it.
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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 #91 on: January 13, 2016, 09:58:39 am »
First watch this explains it all, but not very well. I am sure there would be a better way to set up the order form - it irritates me that the words "stop loss" do not appear! Limit is where you would take profit.



That said, I am also trying to get feed back from them on this very issue - not impressed with the site as some very boring aspects are explained to death - but something so important as placing orders are not explained well at all.

Until I know more, I am placing them separately.
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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 #92 on: January 13, 2016, 10:28:10 am »
Short shoprite. entered 13605 - limit 12837 and stop 13989. 1 hr shows a hanging man, RSI above 60 and nearing upper channel line. Although nothing concrete, I think this has a 60% chance of playing out.
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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 #93 on: January 13, 2016, 11:08:45 am »
just registered Demo account with IG, got R1,000,000 rants, used R15,000 long JSE thingy.....starting to learn
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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 #94 on: January 13, 2016, 11:16:14 am »
If you want to learn the basics of candle sticks - take a look here http://www.tradersclass.net/downloads/candlestickbook.pdf - then go onto the DAX and start playing on the 1 and 5 minute graphs. Good fun - and with money, no reason to go to a casino ever again  :))
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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 #95 on: January 13, 2016, 12:10:29 pm »
Cool Spend +/- R35,000. (Demo account - Not Real Monies)

Long - JSE, NPN, MTN
Short - ACL

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jaDEB

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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 #96 on: January 13, 2016, 01:05:17 pm »
 :wtf:

My ACL is gone.....  :wall:
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jaDEB

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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 #97 on: January 13, 2016, 02:11:44 pm »
Thanks  >:( uck I did no use real money......
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jaDEB

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Moneypenny

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #98 on: January 13, 2016, 02:32:15 pm »
OMW Mr D :D, you can at least last three to four months with R25 000 on CFD's when trading companies. 

R25 000 on ALSI, I'll predict a week for any newbie before getting a margin call.

I like this thread, good idea, keep it up.  Good luck.
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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 #99 on: January 13, 2016, 03:31:10 pm »
Ok, Mr D. Did u see my pant? I think I lost it.......

So
 
S = Stoploss, kicks out to when u hit u stoploss
L = Limit, it kicks out when u made enough profit.

 
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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 #100 on: January 13, 2016, 04:18:50 pm »
Quote from: jaDEB on January 13, 2016, 03:31:10 pm
Ok, Mr D. Did u see my pant? I think I lost it.......

So
 
S = Stoploss, kicks out to when u hit u stoploss
L = Limit, it kicks out when u made enough profit.

I am trying to set both a stop loss and a limit when I enter - obviously, the stop loss (break order) makes sense. The limit is to stop me taking out too early - which seems to be very common with us noobs. There is a PDF manual on the EQ platform - pg 21 deals with trades. Does not mention everything though - have printed it out and plan to go through it when next i place an order.
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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 #101 on: January 13, 2016, 04:41:28 pm »
Apologies for posting so often on your thread .  :whistle:

I started with R1,000,000.00 (demo - Not real) - got R942,784.00 left.

Long : NPN, LON, MTN, ACL
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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 #102 on: January 13, 2016, 04:55:07 pm »
Have you started analysis charts and using technical indicators?
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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 #103 on: January 13, 2016, 05:24:48 pm »
Quote from: Mr_Dividend on January 13, 2016, 04:55:07 pm
Have you started analysis charts and using technical indicators?

No, first learning the basics.
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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 #104 on: January 14, 2016, 07:45:09 am »
Day 17 R1781.02 R9.83

Quite days yesterday - I did feel I had gotten into the Shoprite short a bit early, and that did prove correct, increasing slightly, hitting the trend line and only reversing a bit at the end of the day. EOH was pretty flat for most of the day. Will not be changing ether and hope they hit  their limits rather than their stops! I have transferred another R2000, has not shown up but will start looking at a few more trades. Great that you can make these tiny trades with GT.

On a side note. The charting software is ok, the drawing tools are pants though. So looked at the graphing tools on my ABSA account. Eish, terrible. The smallest period you can go to is one day!! With GT you can go to "ticker" so you can watch every move! One thing GT does not have, have no clue why, is volume. Or have I just not found it, or a very good TA tools that shows it? Any ideas?
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