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Mr_Div you ever experienced an issue where they won't let you buy more 1 share of a company? Everything was fine until Thursday last week when I tried to buy some AdaptIT and it went on about not being allowed to buy more than the allotted shares of an instrument or something of that sort. So I thought it is just with AdaptIT. Yesterday tried shorting another company and again, will only let me do one share.

Don't get it. Got more than enough fake money in my pretend account and don't have any other trades open.

I have been doing the Demo account now for about 2 weeks, they are ending it today I think. Closing it.

Here is my comments:

If I scale it down to my planned action I started with R5000, and ended with R5541.

Pros

1. It is exiting
2. Have access to live pricing
3. Software is good, for use on tablet, thus very portable

Cons

1. It takes my focus of my portfolio, which is much more important.
2. Although I am positive, They seem to make more money than me.
3. U have to be 100% committed, cannot afford to take a break.

Day 28 R-5496.94 R503.06 R-757.55 (BTW changing the way i start the day with a new amount, total loss to date - makes it easier)

Had one last short on my "trading by the seat of my pants non system" - that managed to turn from a slight win to a pretty bad loss. Oh well, shouldn't happen from here on in. Watch it loose money all day, but decided to let it run and only sell before closing as I have seen the share turn at very sharply at the end of the day. Eventually, at 16H24, had enough and sold - @ 16H25 - a whole minute later it started a large fall that would have save me R200 in 10 minutes.  Actual went on to another account to check the graph as it really felt like as soon as I sold out (actually bought) the trade, it instantaneously started to work in my favor (naturally I thought that ether GT247 or the big investment companies where out to get me - I mean, we talking hundreds of rands  ) - and this was a trade I had held for 3 days or so.

 Have transferred another R4000 in to start of February. But have learn't a lot in January - I am not sure if I would have anymore luck in picking whether to short or long a share - but I think I have cracked the not losing a fortune on a single trade part - I now just need to not string a 100 or so losing trades together and I should have some money in my account at the end of February. I think I can safely say there will be no "topping up" of the account this month.

I really need to start getting my win/loss ratio up - at least up to 1:1 on a risk/reward of 1:1 - although I will still be losing because of fee's and commissions. I do feel once I can get there, I can then work on increasing the reward/ decreasing the risk OR increasing the win ratio slightly. But baby steps, hey?

Hang in there and do not stop posting  .

I think, at the very least, I take comfort in knowing that a handful of people get a good giggle first thing in the morning with their coffee. I'm nice like that. 

Hi Mr Div, I've been reading your experiences trading derivatives. However I'm sure you've also realized that even those traders with years of experience have lost all or some of their money. Therefore if you can't understand the basics of why the markets go up or down I would advise you to rather save your money until you do (I very sincerely apologize if in any way I appear to be insulting)

Maybe you right.

But have listened to many podcast and am now half way through "Market Wizards" - on the whole, they all tested and used demo accounts for months while putting their account money together - in the states often a minimum of $25 000 depending on what instruments you want to trade. All, bar one I've read about, blew up their accounts - normally multiple times. Trading with money, changes things.

I am certainly not made of money, and losing R5500 hurts( especially considering what I live on monthly) - but has already taught me some fantastic lesson - money sort of well spent in my book. But my main share account moves up or down (these day especially) in multiples of R5500 daily.

 

I opened the Demo account on IG about 3 weeks ago, today it was closed as that is how the demo accounts work.

Started with R 1,000,000.00 and today at close (all positions was also closed) I was at R 1,841,686.00

 

Now I must just still decide if I open a real account and put real money in ..... As per my previous post there is Pro's and Cons.

I opened the Demo account on IG about 3 weeks ago, today it was closed as that is how the demo accounts work.

Started with R 1,000,000.00 and today at close (all positions was also closed) I was at R 1,841,686.00

 

Now I must just still decide if I open a real account and put real money in ..... As per my previous post there is Pro's and Cons.

Yes, jaDEB, nice, but u so pathetic, you stone frikkin last in the investors challenge .....