7058 replies to this topic

[AJS]

Those who shorted KIO --> Well done!

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So did you do it? I'm long KIO from 418 with a view to TP at 465 when it closes the gap left in October

yes, decided to take a chance with a low amount

[2lani]

I think i'll do the same with SL @ 455

 

So did you do it? I'm long KIO from 418 with a view to TP at 465 when it closes the gap left in October

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consolidating and closing out balance of my contracts today on SGL...its been a great trade

any new shares in mind?

[delta66]

consolidating and closing out balance of my contracts today on SGL...its been a great trade

[walter10]

closed half of my SGL 1255...

Talko to me about SGL this morning, Wow

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short MTN

[delta66]

got a call from these guys today http://www.marketoptions.com/(completely out of the blue, apparently they get contact details through investing.com when you register) anyways, discussion revolved around binary option trading...anyone hear of them or are their better alternatives available

 

CFD returns..made a fortune, lost a fortune, been in hole "deep"   and currently on the money but only due to a recent change/tweak in my approach  

 

[gamma]

Yeah, I'm going to give it another year or two - see how it goes.  I want to consistently earn >50% py after tax on CFD's.

 

I'm also considering trading FX in a foreign account, like FXCM or so.

Having the account in USD will help as the Rand is clearly going to sh*t.  Also, I don't think I would need to declare tax on profits...as long as I don't withdraw any cash out of the account.

 

Anybody trade FX here?

 

 

yes I trade FX using FXCM. I trade/have traded almost everything and actually started off on FX. To be honest, I find it the most unpredictable and hardest to consistently make money on. But is may just not be suited to my style of trading so best you try yourself.

[davidp13]

I am also trading CFDs for almost a year now. Initially did quite well, then it took a turn for the worse. Then I ran some simulations on past JSE data and altered my strat. Doing better now but still making a slight loss to date. It's been a massive learning curve.

just my 2c, but aiming for +50% after tax is heavy. it could make you enter trades you would not normally go for - however it is not impossible

[Psi]

Yeah, I'm going to give it another year or two - see how it goes.  I want to consistently earn >50% py after tax on CFD's.

 

I'm also considering trading FX in a foreign account, like FXCM or so.

Having the account in USD will help as the Rand is clearly going to sh*t.  Also, I don't think I would need to declare tax on profits...as long as I don't withdraw any cash out of the account.

 

Anybody trade FX here?

 

I am also trading CFDs for almost a year now. Initially did quite well, then it took a turn for the worse. Then I ran some simulations on past JSE data and altered my strat. Doing better now but still making a slight loss to date. It's been a massive learning curve.

[Hooligan]

Yep, hardly worth the time if you doing over 30% on long term portfolio.

 

Yeah, I'm going to give it another year or two - see how it goes.  I want to consistently earn >50% py after tax on CFD's.

 

I'm also considering trading FX in a foreign account, like FXCM or so.

Having the account in USD will help as the Rand is clearly going to sh*t.  Also, I don't think I would need to declare tax on profits...as long as I don't withdraw any cash out of the account.

 

Anybody trade FX here?

[Hooligan]

Ja I'm also very interested to hear from everyone whether it's worth it. How much percentage did you end up with after tax?
 

34.8% after tax...so yeah  not too impressed.

[Polly]

Hey Gents

 

So, 2013 was my first year of trading CFD's and I ended up with 52% return overall.  Take off tax and it feels demotivating compared to my long term portfolio on which I made about 30%.   So yeah, I reckon it wasn't worth the time and a few sleepless nights . 

 

Anyway, I will give this another year - target of at least 75% return.

 

How did you guys do this year and do you find this worth the time and effort?

 

Consider it petty cash for weekend spending or Zol money!   

[gamma]

Yep, hardly worth the time if you doing over 30% on long term portfolio.

Hey Gents

So, 2013 was my first year of trading CFD's and I ended up with 52% return overall. Take off tax and it feels demotivating compared to my long term portfolio on which I made about 30%. So yeah, I reckon it wasn't worth the time and a few sleepless nights .

Anyway, I will give this another year - target of at least 75% return.

How did you guys do this year and do you find this worth the time and effort?

[cuzin]

Ja I'm also very interested to hear from everyone whether it's worth it. How much percentage did you end up with after tax?

Hey Gents

So, 2013 was my first year of trading CFD's and I ended up with 52% return overall. Take off tax and it feels demotivating compared to my long term portfolio on which I made about 30%. So yeah, I reckon it wasn't worth the time and a few sleepless nights .

Anyway, I will give this another year - target of at least 75% return.

How did you guys do this year and do you find this worth the time and effort?

[Hooligan]

my fav instrument trading short/long - SGL giving easy money..again!! ...sold another chunk off at 1296 

 

Well played - I'm still holding AGL, SL upped to 125.

Hopeful to ride this one a bit longer

 

SL on DSY also upped to 84...starting to pay off nicely.

 

Tomorrow, I will be adding some shorts - have a keen eye on VOD and APN.

[Hooligan]

Hey Gents

 

So, 2013 was my first year of trading CFD's and I ended up with 52% return overall.  Take off tax and it feels demotivating compared to my long term portfolio on which I made about 30%.   So yeah, I reckon it wasn't worth the time and a few sleepless nights . 

 

Anyway, I will give this another year - target of at least 75% return.

 

How did you guys do this year and do you find this worth the time and effort?

 

 

 

[delta66]

my fav instrument trading short/long - SGL giving easy money..again!! ...sold another chunk off at 1296 

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I am shorting KIO today.

I think i'll do the same with SL @ 455