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Author Topic: Mr Div's CFD diary :: How to loose R25K in a few easy steps  (Read 164110 times)

Moneypenny

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Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« Reply #120 on: January 15, 2016, 09:38:13 am »
Re stop losses:  I've lost huge amounts when putting my s/l so far out that it would be almost impossible to trigger - guess what - some mysterious 'spike' picked it up and within seconds went right back to where it was previously, first time I'm thinking bad luck, second time - say what! - started to notice a trend, my s/l was always the high or low point for a stock on a specific day and then yes, you've guessed it - right back to where it traded. :mad: 

Not cool, but that was my experience - make of that what you will.

I've learned it is better to fly under the radar when dealing with market makers, don't deposit huge amounts in your trading acc (it is as if you get a designated employee on the other side, watching your every move) - paranoid much?  Not so sure. A lot of traders use different market makers exactly for this reason - don't stand out, blend baby, blend.

Hopefully my mistakes will keep you for making them too, a silver lining for me.  :)
« Last Edit: January 15, 2016, 09:41:41 am by Moneypenny »
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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 #121 on: January 15, 2016, 10:18:48 am »
Cheers for that. At the moment I am setting the stop loss at 2 x ATR and limit @ 4 x ATR for most, rightly or wrongly at least this is a "system" that I can beginning using I am sure I will change or modify it in the future - I'll halve both if it's more of a punt. I have seen the those spikes - as yet it hasn't triggered my stops yet - or a limit. How do you now set your stops?

It'll be a long, LONG time before any of my trades get noticed by GT247 employees or any others - it really is Chappies money  :LHST:

Place a small short with BHP - more preempting than anything else, but at least following the downward trend and reversing the daily uptrend.

In at 15278, SL 15576 and limit @ 14682 ##


## stop was triggered at around 11h00 - had moved it up slightly as I felt it was time I actually had a win  ;)

Think it might be worth looking at and exit point for EOH - using a FA pointing towards a TU in the future was probably incorrect, I should be trading the chart as it stands. In the course I am doing they say SAT - See, Accept and Trade.
« Last Edit: January 15, 2016, 11:11:39 am 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 #122 on: January 17, 2016, 03:11:42 pm »
Just went and had a very quick look at IG's offering - through sharnet. Wow. It really is on another level to GT isn't it? Alerts, way better charting software and an order form that actually has the word "stop" on it  :D

Probably take me a while, but hopefully will be doing sizes in the future that would allow me to take the step up.

## and show volume! Seriously, that's kinda important!

in fairness, it really is great that GT has such a low price with no minimum - and expecting it to be the same as others costing multiples more (in small trades anyway) is foolish. Maybe GT could offer a slightly better offering (better charting with alerts and volume) at a slightly higher price point?
« Last Edit: January 17, 2016, 03:15:51 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 #123 on: January 18, 2016, 07:10:27 am »
DAY 19 R3806.09 R150.02 (added R2000)

Although I had a small loss for the week, in daily terms I had 3 winning days vs 2 loosing ones. Generally went pretty well - staying out the indices help - although it does bring the excitement level down, a good thing! On friday had a good trade on BHP that pretty much hit it's limit early on, then my long on EOH carried on loosing and my short on Shoprite carried on winning. In the last couple of hours I stuffed up an went for a long on Firstrand which got stopped out. Pity, as I gave back half the gains on my BHP trade.

This weeks i plan to carry on trying to trade with the major trend. But will be looking at Mrp this morning as I think it was oversold on friday - so might go long for the day on a small position.
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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 #124 on: January 18, 2016, 07:49:43 am »
Mr P
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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 #125 on: January 18, 2016, 09:15:05 am »
Mrp entered 15997 stop 15753 limit (for half) 16485. Whats wrong about this trade? Opposite to trend and going in on FA not TA - we will see  :whistle: My trading, for the next couple of weeks, will have to revolve around the ozzie open...
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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 #126 on: January 18, 2016, 09:39:10 am »
Quote from: Mr_Dividend on January 15, 2016, 10:18:48 am
How do you now set your stops?

I don't, BUT I'm in and out in a flash - you have to babysit if you want to do this - would not recommend it though.
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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 #127 on: January 18, 2016, 10:35:39 am »
Tried the scalping thing with the DAX - left me battered and bruised... :D

Mrp trade working well - have hit the first limit and sold half - now have moved the stop on the remainder to cost plus 2x atr (16421) and moved the limit on the remainder out another 2 x AtR for 6 in total - 16729.

## the new stop was hit for the remainder, so am out.

With the trend - short whl
enterd 9123 stop 9321 limit 8727
« Last Edit: January 18, 2016, 11:21:19 am by Mr_Dividend »
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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 #128 on: January 18, 2016, 11:12:37 am »
Busy with Demo Account. It gives u R1,000,000.00, I will ratio it down to R10,000.00

This confuses the crap out of me. Closed NPN long the morning (Below is before and After)

Funds :                    R8,612              R 9,425
Margin:                    R5,687              R 2,920
Running P&L :           R 544                R 414
Available Funds :       R3,410              R 6,098

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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 #129 on: January 18, 2016, 04:33:45 pm »
Shoprite hit it's limit. WHL almost hit - decided to buy just before as I did not want to have the position open during the night - got 8875 - happy with that. Closed the EOH position at even - think I made a mistake using FA for an event only happening in a month. But a decent day at last  and out of all positions. Seemed to have time the long on MRP one quite well - tanked after I sold it.
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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 #130 on: January 19, 2016, 08:58:19 am »
@Mr_Div

How do you know what the margin is before you make a trade? With every trade I want to spend a certain amount of money but then I usually end up spending a lot more because of the margin. So is there a way to know what the margin will be before I make the trade so that I can see how many shares exactly I can buy or sell with the allotted money?
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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 #131 on: January 19, 2016, 08:58:57 am »
DAY 20 R4175.90 R369.81

Best day so far. To be fair though, the EOH position had lost and was only recouping it's losses. Will just try stay in the black for the rest of the week. Would like to learn some basic set ups this week.
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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 #132 on: January 19, 2016, 09:02:30 am »
Quote from: Fawkes85 on January 19, 2016, 08:58:19 am
@Mr_Div

How do you know what the margin is before you make a trade? With every trade I want to spend a certain amount of money but then I usually end up spending a lot more because of the margin. So is there a way to know what the margin will be before I make the trade so that I can see how many shares exactly I can buy or sell with the allotted money?

There probably is a list - but you should only think of margin as a place holder - it means nothing in the trade itself. Rather work on amount of shares x entry price and shares x exit price. Remember, the commission and (I think) interest is also worked out this way - not on margin.
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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 #133 on: January 20, 2016, 08:27:04 am »
Day 21 R4244.32 R68.42

Some pretty aimless trading at the start (somehow forgot there was tennis on) - then decided to short Anglo and Glencore (why do both?) after the both had made good gains. The gains kept on coming and was almost R500 in the red at one point. They turned and starting coming down and I doubled up on Anglo with the idea of taking that part out ASAP, which i did - let the rest ride till just before closing and ended up with a good profit on Anglo and Glencore even. Very happy with the end result. Need to be way more selective.
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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 #134 on: January 20, 2016, 08:50:16 am »
Quote from: Mr_Dividend on January 20, 2016, 08:27:04 am
Day 21 R4244.32 R68.42

Some pretty aimless trading at the start (somehow forgot there was tennis on) - then decided to short Anglo and Glencore (why do both?) after the both had made good gains. The gains kept on coming and was almost R500 in the red at one point. They turned and starting coming down and I doubled up on Anglo with the idea of taking that part out ASAP, which i did - let the rest ride till just before closing and ended up with a good profit on Anglo and Glencore even. Very happy with the end result. Need to be way more selective.

 :TU:
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jaDEB

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