The JSE and finance forum for South Africa
General Category => Shares => Topic started by: saint1 on April 03, 2013, 11:08:31 am
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add to my AGL long at 22901
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Alsi T40 keeps me fully occupied atm but I would like to nibble on cfd's in future, will join you shortly. :D
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I was never a regular on the other forum so I don't know everyone. What type of trader would you describe yourself as Moneypenny?
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What type of trader would you describe yourself as Moneypenny?
A ruthless, opportunistic one I presume, ;D high risk, high reward.
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im long on CFR, results out next week this time, perfect rand hedge, since weaker rand=higher profit. :-) finger crossed.
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Calling all CFD pro's and amateurs:
I need you to start posting on how and when you enter CFD's and help me to understand these:
Question One:
How long do you usually keep your CFD? minutes, hours, weeks or months?
Question Two:
Please explain the 'expiry' thingy, I know its 4 times a year, every whatever Thursday or something like that, the 19th Sep? What is the purpose of expiring, what if you wanted to keep going (roll over), is it just so that your redo your contract and repay brokers + a new bid/offer price? The way I see it SSF and CFD are basically the same thing, except for the expiry factor? Yes?
Question Three:
Do dividends have an effect?
Question Four:
Any tricks you have picked up whilst trading CFD's? (I've picked up a lot of tricks on Alsi and T40 CFD's which are very costly if you're unaware, if somebody is interested, I can point it out)
Now, please respond and don't make me go and ask the 'other forum'. ::)
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Calling all CFD pro's and amateurs:
I need you to start posting on how and when you enter CFD's and help me to understand these:
Question One:
How long do you usually keep your CFD? minutes, hours, weeks or months?
Question Two:
Please explain the 'expiry' thingy, I know its 4 times a year, every whatever Thursday or something like that, the 19th Sep? What is the purpose of expiring, what if you wanted to keep going (roll over), is it just so that your redo your contract and repay brokers + a new bid/offer price? The way I see it SSF and CFD are basically the same thing, except for the expiry factor? Yes?
Question Three:
Do dividends have an effect?
Question Four:
Any tricks you have picked up whilst trading CFD's? (I've picked up a lot of tricks on Alsi and T40 CFD's which are very costly if you're unaware, if somebody is interested, I can point it out)
Now, please respond and don't make me go and ask the 'other forum'. ::)
Miss Moneypenny, do you wish for us to answer the questions above, or just to post our trades, or both?
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Both please. ;D
I need to learn from you guys until I can find my own rhythm, something like a parasite and a willing host. O:-)
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I trade in the CFD space and call myself a rank amateur, and I trade on the daily closing prices.
To answer the questions -
1.) Time Period - That is purely dependant upon the exit strategy applied to each trade. As I generally trade against daily closing prices, my trades usually run for a number of days. Either the stop loss is triggered or the initial target is reached, and I then exit. Where a trade is moving sideways between SL and Target, I will monitor and decide to either let it run or close it out based on factors present at the time. I'm still Long on MMI for 47 days now-closed half this morning to lock in profits and allowing the balance to run for a few more days.
2.) Expiry 'thingy' - Not applicable to CFD's. Don't actually know anything about it aside from that it happens evey third Thursday each quarter.
3.) Dividends play a role on CFD's. If you are short over the divi LTD, you pay in the dividend, if long you receive the dividend.
4.) Tricks - Well not sure about "tricks", but I believe in a strong trading plan, good risk/money management and specific entry and exit criteria. I'm still developing mine, and I guess most traders, even those who have been around for many years, are also still refining their strategies.
For info - Current Open Trades -
Long MMI @ 21.80
Long CLS @ 55.15
I also had orders in this morning for Longs on MTN and TBS, but the market gapped above my price on open. My strategy also advised a Long for JDG today, but I just don't like that share....
TON is on my watchlist for a Long
Please be so kind as to share your 'tricks', as they will most likely apply to CFD's as well.
Hope the above has been a bit of assistance.
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Phew, thank you Aragon.
First mistake you saved me from, SSF’s and not CFD’s expires, always had the notion that share CFD’s expire and not index CFD’s. But it is good news indeed as I was waiting for the 19th to start; now I can start sooner. :) It also explains why time frames are longer and it seems, for now at least, that price fluctuations are not as lethal as on index CFD’s.
So dividends, same principle as indices although trading stops at 16:50 were as I usually trade until 22:00 (daylight savings time dependant) and can start 2am, whereas 9:00am seems opening time, or can I trade 8:50 in auction? Don’t worry, I’ll find out soon enough.
With regards to tricks, I've learned on Alsi & T40 CFD’s to disable stop losses just before 8:30 (sometimes also 8:00) and also just before/after major economic news. It’s amazing and I guess also borderline criminal how enormous fluctuations are then, both up and down in a split second, to take out SL’s both ways I assume and then continuing right back in the direction it was going before those times.
Also, I never initiate a new contract out of normal business hours because spreads seem to magically inflate after hours, thus best time to start is just after 8:30am. I suppose it is not really tricks, I just try to hunt the hunter.
Thank you for sharing current positions, I’ll try to follow what is happening here.
Now, I'm looking forward to look into a few potential shares, I will post when I enter so that everyone can share my pain and learn from my mistakes.
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What is the minimum you can start with ? ??? Dare I ask.
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No it is dirt cheap, that's the point.
Mine, and I will have to double check later, just to give you an idea:
Edit: Oh no, these are for SSF again, CFD are between 15.00% & 17.50%. Anybody got a list somewhere?
Margins:
ACL R712
AEG R375
BIL R3675
BTI R4125
CFR R1425
DSY R585
HAR R900
KIO R7575
MUR R360
NPN R7500
SAB R3450
WHL R660
VOD R1485
FTSE MINI R3165
FTSE/JSE 31 650
SILV R18750
COPP R9000
GOLD R9600
CRUDE R10500
PLAT R13050
and your chikkies R330.
Aragon, what's your margins?
Edit: So I've missed the 'r', sorry Aragorn
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Nice I like : -
SILV R18750
COPP R9000
GOLD R9600
CRUDE R10500
PLAT R13050
Mr Bond added a link to down load Kitco program that runs on your computer showing materials, i.e. Gold Silver and so on.
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Aragon, what's your margins?
I trade on STD OST Platform. Regret that you can't short a number of the shares listed, and the availability is not as big as we would like them to be but we manage within what we have. (Something about the ability to borrow and lend shares on the market - stuff above my pay grade)
The latest margins are advised below-
CFD's margins effective 10 September 2013:
ABLcfd - R 3.14
ACLcfd - R 7.11
ACPcfd - R 7.08
AEGcfd - R 3.44
AGLcfd - R 35.84
AIPcfd - R 4.94
AMScfd - R 78.47
ANGcfd - R 26.28
APNcfd - R 21.36
ARIcfd - R 28.79
ARLcfd - R 9.36
BGAcfd - R 16.80
AVIcfd - R 6.18
AWAcfd - R 1.10
AWBcfd - R 0.99
BATcfd - R 7.11
BAWcfd - R 10.14
BILcfd - R 38.67
BSRcfd - R 1.92
BVTcfd - R 25.73
CFRcfd - R 14.58
CLScfd - R 5.73
CPLcfd - R 0.89
DSYcfd - R 6.00
DTCcfd - R 6.08
EMIcfd - R 2.10
EXXcfd - R 26.40
FSRcfd - R 3.62
GFIcfd - R 10.59
GLDcfd - R 13.17
GNDcfd - R 2.88
GRFcfd - R 5.22
GRTcfd - R 2.00
HARcfd - R 9.36
IMPcfd - R 21.05
INLcfd - R 7.52
INPcfd - R 7.44
IPLcfd - R 24.32
ITUcfd - R 6.24
JDGcfd - R 3.92
JSEcfd - R 7.82
KIOcfd - R 81.80
LBHcfd - R 17.84
LEWcfd - R 6.86
LHCcfd - R 5.27
LONcfd - R 13.40
MDCcfd - R 5.96
MMIcfd - R 2.43
MNDcfd - R 17.87
MPCcfd - R 13.47
MPTcfd - R 3.35
MRFcfd - R 0.30
MSMcfd - R 14.96
MTNcfd - R 23.88
MURcfd - R 3.69
NEDcfd - R 20.55
NHMcfd - R 7.23
NPKcfd - R 2.81
NPNcfd - R 82.31
NTCcfd - R 2.28
OMLcfd - R 3.90
PAMcfd - R 22.49
PIKcfd - R 3.99
PLAcfd - R 26.94
PPCcfd - R 3.35
PWKcfd - R 1.67
RDFcfd - R 0.86
REIcfd - R 3.48
REMcfd - R 26.78
REScfd - R 8.00
RINcfd - R 1.23
RLOcfd - R 7.02
RMHcfd - R 5.49
RMIcfd - R 2.76
SABcfd - R 36.15
SACcfd - R 0.47
SAPcfd - R 4.28
SBKcfd - R 12.53
SGLcfd - R 2.61
SHFcfd - R 4.64
SHPcfd - R 17.93
SLMcfd - R 4.32
SOLcfd - R 54.78
SPPcfd - R 11.22
STDcfd - R 0.30
STFcfd - R 0.95
STRcfd - R 6.11
STXcfd - R 3.44
SUIcfd - R 9.77
SWXcfd - R 0.78
SXFcfd - R 1.05
SXIcfd - R 3.54
TBScfd - R 25.32
TFGcfd - R 10.85
TKGcfd - R 4.34
TMGcfd - R 3.57
TONcfd - R 11.19
TREcfd - R 10.29
TRUcfd - R 10.31
TSXcfd - R 2.28
VILcfd - R 0.21
VKEcfd - R 1.31
VODcfd - R 14.66
WBOcfd - R 13.28
WEZcfd - R 1.35
WHLcfd - R 6.72
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Thank you,.
And you have to buy in pockets of 100 shares for 1 contract? So basically what you've stated above x 100 = 1 contract.
Got it.
I've worked very hard all day, still busy but I have already lined up a few companies over the next three months (longs & shorts), this is going to be interesting. :D
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Thank you,.
And you have to buy in pockets of 100 shares for 1 contract? So basically what you've stated above x 100 = 1 contract.
Got it.
I've worked very hard all day, still busy but I have already lined up a few companies over the next three months (longs & shorts), this is going to be interesting. :D
On SBK OST you don't have to buy in pockets of 100. 1 contract = 1 share, and all you pay is the margin against the trade price (plus/minus whatever interest charged daily and the daily margin variation.)
I'd attach a brochure, but Patrick only allows a 512K upload, and it's 820K in total.
Can you PM me and I'll mail it directly?
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While we're in this discussion, let me post what my "still to be ratified" strategy advises after today. These are for longs only as I am still not satisfied with my shorts strategy yet (working on it though [MUR and TRU seems like good for a short]).
Watch list - None
Go Long - GFI, MTN, TON
Not to say that I will act on any of these, as other issues need to be considered and factored in.
NOTE: This is not advice - only my opinion based on my plan/stategy.
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Thank you for all the info Aragorn, appreciated. I don't think I will be needing SBK OST info atm, I already have live accounts with PSG & IG Markets. I agree that we are more likely to see more longs than shorts (except for miners) for now, pity as I have find that shorts run so much quicker than longs. I will add GFI, MTN and TON to my watchlist and check them out.
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Closed the rest of my MMI today and half my CLS. Took a small shot on DSY - long @ 87.50
GFI still signalling a long, but after the last SENS I don't forsee any upside for the next few days.
Missed the boat on MTN, but there should still be some more upside.
RLO could be worth consideration for shorting, and watching SHF at the same time.
CFR? Today's SENS and subsequent drop could be a long opportunity - thoughts?
FSR - new 12 month high - may be a short opportunity before the divi?
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Still diligently doing my homework, planning to start trading next week.
Good luck with your positions.
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Well, so far so good for my first two attempts (NPN & BGA), but thinking tomorrow is going to be bad, will be looking for shorts.
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Yes, good luck.... ;) hope you make good calls + remember those stop losses.... :TU: