34 replies to this topic

[gamma]

The quickest your going to loose that 700k is to open a CFD account and follow the daily thread!

 

If your TA/seasonal trading skills are up to scratch and you have experience and a strategy that works you can consider playing high priced warrants but with 700k you don't need to jump in and out to make good money...!

 

Just my 2c

 

A

 

 

Yes I actually agree here with you Argento but that is why I asked first the level of risk he is looking at for this lump sum.

In any event, whatever you do, make sure you know how to operate the instrument, ie CFDs in this case and and second and most importantly pay very careful attention to risk management.

its not because of CFDs that traders lose - its because of poor risk management.

If you disciplined and never risk more than 1-2% of your capital on any given trade and never move stop losses, always have target prices, then you can learn while you play.

I'm not a fan of demo accounts for learning. You need to have skin in the game.

[Playa]

wow!  the quickest way to lose 700k is to play warrants and cfd's ESPECIALLY if you have no experience,ESPECIALLY in  a MARKET like this.! 

rather be patient and take the time to learn,and in the mean time put some money into a satrix or unit trust account or into share installments.

 

i started with ordinary shares moved on to warrants ,then dabbled in ssf's  and finally with cfd's. i still cannot see how the reasonable trader can trade with warrants,they are absolutely horrible,especially when the price goes against you and you lose money due to time decay.

 

anyway go on a course on how to learn how to trade either with traderscorner or themarket.

 

Thank you Guys for the honest and frank advice, much appreciated!!! Yes I did not win the 700k in the lottery, I need to think, research and learn hard and fast before making any decisions, but hopefully I will get there!!! Thanks for the PM's too!!

[Argento]

wow!  the quickest way to lose 700k is to play warrants and cfd's ESPECIALLY if you have no experience,ESPECIALLY in  a MARKET like this.! 

rather be patient and take the time to learn,and in the mean time put some money into a satrix or unit trust account or into share installments.

 

i started with ordinary shares moved on to warrants ,then dabbled in ssf's  and finally with cfd's. i still cannot see how the reasonable trader can trade with warrants,they are absolutely horrible,especially when the price goes against you and you lose money due to time decay.

 

anyway go on a course on how to learn how to trade either with traderscorner or themarket.

You missed the word 'consider'...!

 

But agree, rather take a very conservative approach with 700k!

 

A

[bulls]

The quickest your going to loose that 700k is to open a CFD account and follow the daily thread!

 

If your TA/seasonal trading skills are up to scratch and you have experience and a strategy that works you can consider playing high priced warrants but with 700k you don't need to jump in and out to make good money...!

 

Just my 2c

 

A

wow!  the quickest way to lose 700k is to play warrants and cfd's ESPECIALLY if you have no experience,ESPECIALLY in  a MARKET like this.! 

rather be patient and take the time to learn,and in the mean time put some money into a satrix or unit trust account or into share installments.

 

i started with ordinary shares moved on to warrants ,then dabbled in ssf's  and finally with cfd's. i still cannot see how the reasonable trader can trade with warrants,they are absolutely horrible,especially when the price goes against you and you lose money due to time decay.

 

anyway go on a course on how to learn how to trade either with traderscorner or themarket.

[AJS]

The quickest your going to loose that 700k is to open a CFD account and follow the daily thread!

 

If your TA/seasonal trading skills are up to scratch and you have experience and a strategy that works you can consider playing high priced warrants but with 700k you don't need to jump in and out to make good money...!

 

Just my 2c

 

A

 

Agreed. If you aren't already familiar with trading and CFDs and don't have a worked out strategy, that R700k can quickly become "school fees"! Very expensive tuition!

[Argento]

Sorry missed your post Gamma!! Thank You!!

The quickest your going to loose that 700k is to open a CFD account and follow the daily thread!

 

If your TA/seasonal trading skills are up to scratch and you have experience and a strategy that works you can consider playing high priced warrants but with 700k you don't need to jump in and out to make good money...!

 

Just my 2c

 

A

[AJS]

AJS, what would you do?! (Serious)

 

Well, given my age and my risk profile I would use this to trade CFDs.  Probably not all of it.  Some of it I will invest in a few unit trusts and ETNs.  I actually saw Investec having this new digital option on the S&P500 which looks decent as well.

 

But yeah, I would like to use a great portion of this to trade!

[Playa]

lol..nice one re the 10%

So then CFDs would make sense given your risk appetite.

Well the best advice I can give is open you account and follow the CFD trade of day thread.

Sorry missed your post Gamma!! Thank You!!

[Playa]

From my quick observation... CFD's are the way to go? where can I learn as to how to trade these? any particular website? using ABSA as stockbrockers, do they do CFD's? Thank You

I still however need to buy some equities? another idea (has anyone here tried riding the waves of MTN as a daily trader?)

[gamma]

I have long term investments in place (property and other Blue chips), looking for something that can turn my money = 100% Risk. Willing to share 10% of my profits for sound advice

lol..nice one re the 10%

So then CFDs would make sense given your risk appetite.

Well the best advice I can give is open you account and follow the CFD trade of day thread.

[BBW]

Man oh man, what I wouldn't do for a R700k CFD trading account! 

AJS, what would you do?! (Serious)

[Playa]

depends what % the 700k is of your overall investment portfolio and your goals/risk appetite. I definitely would not stick the whole lot into a CFD trading account if that is all you have, especially if you are looking for a longer term investment.

I have long term investments in place (property and other Blue chips), looking for something that can turn my money = 100% Risk. Willing to share 10% of my profits for sound advice

[gamma]

Hi There,

Just received a payout of R700k, any advice as to what to get in? unfortunately not familiar with CFD's or warrants.

Outlook 6-12 Months, will look at high risk also, Your advice appreciated.

 

depends what % the 700k is of your overall investment portfolio and your goals/risk appetite. I definitely would not stick the whole lot into a CFD trading account if that is all you have, especially if you are looking for a longer term investment.

[AJS]

Man oh man, what I wouldn't do for a R700k CFD trading account! 

[Playa]

Hi There,

Just received a payout of R700k, any advice as to what to get in? unfortunately not familiar with CFD's or warrants.

Outlook 6-12 Months, will look at high risk also, Your advice appreciated.