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Author Topic: Mr Div's CFD diary :: How to loose R25K in a few easy steps  (Read 165946 times)

jaDEB

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #105 on: January 14, 2016, 07:56:05 am »
Shanghai Composite Index

Shanghai Composite Index now positive ....  :)

2,974.10

Change

+27.09 +0.92%

was negative milliseconds ago...



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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 #106 on: January 14, 2016, 10:04:08 am »
Long Discovery - hopefully in and out fairly quickly from being oversold - have halved the stop and limit. Multiple hammers and engulfing on the 5 min. Entered 11754, stop 11678 and limit 11906. EOH position is hurting me at the moment - now lower than entered. The shoprite short though, is working.
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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 #107 on: January 14, 2016, 10:24:12 am »
Long

ACL
NPN x 2
OCE
LON x 2
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jaDEB

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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 #108 on: January 14, 2016, 10:44:52 am »
Mr Divi - don't know whether you read/view Dr Clive Roffey's reviews - but last night I decided I would have a belly full of laughs, and wasn't disappointed - just watch his last review of December 7th - he was predicting that the ALSI would drop significantly with heads and shoulders all over the place the mining stock as usual all had reverse heads and shoulders. He knocked Woolworths Discovery Massmart and a number of others yet today Woolies and Massmart brought out what I consider (given the economic climate, and the debt trapped citizens) very pleasing results. Strangely enough Massmart has been stricken with investor expectations which are totally unreasonable given our countries and citizens financial challenges.
But if anyone wants a laugh watch his review just google Clive Roffey and have some fun
Then take a contrary position as to what he is saying - also it make help in making decisions around what charts tell you, and how wide open they are to different interpretations
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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 #109 on: January 14, 2016, 11:16:42 am »
Quote from: jaDEB on January 14, 2016, 10:24:12 am
Long

ACL
NPN x 2
OCE
LON x 2

FikKIn iDIot
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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 #110 on: January 14, 2016, 12:03:14 pm »
Quote from: gcr on January 14, 2016, 10:44:52 am
Mr Divi - don't know whether you read/view Dr Clive Roffey's reviews - but last night I decided I would have a belly full of laughs, and wasn't disappointed - just watch his last review of December 7th - he was predicting that the ALSI would drop significantly with heads and shoulders all over the place the mining stock as usual all had reverse heads and shoulders. He knocked Woolworths Discovery Massmart and a number of others yet today Woolies and Massmart brought out what I consider (given the economic climate, and the debt trapped citizens) very pleasing results. Strangely enough Massmart has been stricken with investor expectations which are totally unreasonable given our countries and citizens financial challenges.
But if anyone wants a laugh watch his review just google Clive Roffey and have some fun
Then take a contrary position as to what he is saying - also it make help in making decisions around what charts tell you, and how wide open they are to different interpretations

I have always avoided the Roffey Review as well as Traders Corner as they where just gibberish to me - but am planning to start trying to catch them and see where they both are coming from - with clive, I can always learn how not to do things hey? :) I do get your point on TA - I really do treat the whole TA as being able to better make an (the more I learn, the more) educated guess - you could have 10 signs saying to go long, it is still, always, going to be a guess. So, as important, will be money management.
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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 #111 on: January 14, 2016, 12:36:49 pm »
OMG. The GT247 platform is SOOOO frustrating.

On Tuesday I open an order clearly stating to only buy a certain share if it is trading equal to or above 36.20. The order goes through immediately and buys at 36.06!!! How is that equal to or above 36.20?????

Then today I fill out three orders to only sell 3 different shares if each of them are equal to or above a certain price. It immediately closes all three those positions at prices lower than I stated! Thank god this is only a demo account because this crappy platform would have lost me a lot of money!!!
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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 #112 on: January 14, 2016, 12:54:46 pm »
I am doing Demo account on IG, using tablet. But is still learning.
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jaDEB

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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 #113 on: January 14, 2016, 01:42:02 pm »
Quote from: Fawkes85 on January 14, 2016, 12:36:49 pm
OMG. The GT247 platform is SOOOO frustrating.

On Tuesday I open an order clearly stating to only buy a certain share if it is trading equal to or above 36.20. The order goes through immediately and buys at 36.06!!! How is that equal to or above 36.20?????

Then today I fill out three orders to only sell 3 different shares if each of them are equal to or above a certain price. It immediately closes all three those positions at prices lower than I stated! Thank god this is only a demo account because this crappy platform would have lost me a lot of money!!!

It was my mistake. On FNB Investor when you want to buy or sell you have to indicate the price as Rands and cents. That is what I did on the GT247 platform where they only take it as cents. So when I put 36.20 it took it as 36.20 cents and not as R36.20.
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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 #114 on: January 14, 2016, 02:04:30 pm »
 :D wow, that could have been expensive!

BTW - FNB is in the wrong, prices on the JSE should always be in cents
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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 #115 on: January 14, 2016, 03:47:10 pm »
 :wall:
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jaDEB

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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 #116 on: January 14, 2016, 05:47:34 pm »
Quote from: Mr_Dividend on January 14, 2016, 02:04:30 pm
:D wow, that could have been expensive!

BTW - FNB is in the wrong, prices on the JSE should always be in cents

Yeah. But I think FNB's investing platform is very much geared towards beginners such as myself. It is a very basic platform that is easy to use and wrap your head around. So maybe that is why they indicate it in Rands and cents. It is not meant for the serious trader.
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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 #117 on: January 14, 2016, 06:05:24 pm »
Dear Mr Div,

Been thinking, say you Longed African Bank R6.00c for a value of R5000.00, you put the stoploss 10% down, say at R5.40c, but it crashes right pass your SL and stops at say R0.32c

You would owe them money, correct? Lots, frikken lots?

Regards

jaDEB - your student
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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 #118 on: January 14, 2016, 08:21:13 pm »
Well, young grasshopper, you would be right - that would cost you a bit, and probably wipe you out.

That said, is it likely?

When you set your stop loss, it's greater than or less than a number - so I am not sure you can miss it. Might not be completed at the exact amount specified though.

Operator error, sure, that could happen.

But you are mean't to have good money management - seems the accepted norm is not risk loosing more than 2% in any one trade. I also think you need to keep in the back of your mind what your total loss would be - roughly (for most JSE CFD's) your margin x 7 or so. Margin requirements varies quite a bit anything from 12- 25% depending on liquidity/risk it seems.

BTW - your example was for a long  - at least there is a limit when the share is worth 0%. There are no limit's for shorts ???






« Last Edit: January 14, 2016, 08:25:12 pm by Mr_Dividend »
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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 #119 on: January 15, 2016, 08:53:23 am »
DAY 18 R1655.89 -R125.13

Lost a little on DSY - no probs hit the lowered SL. The EOH gave up all it's gains - I might have mixed my FA with my TA's on that one - I am expecting to hold it for weeks to a month - but I am thinking that it is very likely that it could hit it's stop loss in that time. The shoprite one is fine as at least it is with the trend. I seem to want to constantly pick reversals, and am not proving to be all that good at it  :-[ Time to find a trade that goes with the trend. A long on one of the gold miners might work - or has that ship sailed?

The wind is howling down here in the Cape - messing with my ADSL - so not sure if I will be doing any trading to day.
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