34 replies to this topic

[Goliath]

it doesnt matter what instrument you use to trade with ie cfd ssf warrants etc etc.

 

the thing you need to learn is how to trade the share ie when to buy when to sell.if you can master that,then you can trade ANYTHING.

it sounds very simple and it actually is,if you are a programmed robot.but you see we are not, we are human with a million billion emotions that always  come into play when we dabble with money.

trading is 5% technical and 95 % emotion.

 

learn how to handle the emotion and you will be an excellent trader,once you have learnt when to buy sell based on technical.

 

 

and be very careful taking advice on this or any other forum.

 

i see someone passes a negative comment on a share based on their own view point and everyone is ready to close their positions.

good luck and remember to always have stops in place.

He summed it up nicely! I started last year withouth doing homework properly and using emotional impulse decisions to make purchases and sales.. needless to say I think I'm down net 20% - 30% just for being a idiot(not big money at this stage but still!), some of these guys on the forum know their stuff so have a read through some of these threads before you just jump in and buy shares..

 

If your a gambling man like myself try some of the better smallcaps, otherwise if it's your life savings etc rather stick with the big guys(Famous Brands, Woolworths etc)

[Playa]

IG is better than GT247 IMO

Thank You Gamma, opened with IG

[Playa]

it doesnt matter what instrument you use to trade with ie cfd ssf warrants etc etc.

 

the thing you need to learn is how to trade the share ie when to buy when to sell.if you can master that,then you can trade ANYTHING.

it sounds very simple and it actually is,if you are a programmed robot.but you see we are not, we are human with a million billion emotions that always  come into play when we dabble with money.

trading is 5% technical and 95 % emotion.

 

learn how to handle the emotion and you will be an excellent trader,once you have learnt when to buy sell based on technical.

 

 

and be very careful taking advice on this or any other forum.

 

i see someone passes a negative comment on a share based on their own view point and everyone is ready to close their positions.

good luck and remember to always have stops in place.

Very Sound Advice Bulls, Thank You!!

[bulls]

it doesnt matter what instrument you use to trade with ie cfd ssf warrants etc etc.

 

the thing you need to learn is how to trade the share ie when to buy when to sell.if you can master that,then you can trade ANYTHING.

it sounds very simple and it actually is,if you are a programmed robot.but you see we are not, we are human with a million billion emotions that always  come into play when we dabble with money.

trading is 5% technical and 95 % emotion.

 

learn how to handle the emotion and you will be an excellent trader,once you have learnt when to buy sell based on technical.

 

 

and be very careful taking advice on this or any other forum.

 

i see someone passes a negative comment on a share based on their own view point and everyone is ready to close their positions.

good luck and remember to always have stops in place.

[gamma]

IG is better than GT247 IMO

[AJS]

Thanks guys for all your comments and feedback!!! Much appreciated!! I have just completed reading '' Your complete guide to trading Contracts for Difference" as a start to understanding Cfd's, it's a PDF document, anyone interested pls pm me and I will forward. It honestly does not sound difficult, however the bigger challenge lies ahead.. Words into action? Or rather money where your mouth is? will be starting with a virtual trading platform like Gt247 or any other recommendations? Thank You

 

If it was that easy we would all be millionaires!

 

Try IG Markets, quick and easy demo account.

[Playa]

Thanks guys for all your comments and feedback!!! Much appreciated!! I have just completed reading '' Your complete guide to trading Contracts for Difference" as a start to understanding Cfd's, it's a PDF document, anyone interested pls pm me and I will forward. It honestly does not sound difficult, however the bigger challenge lies ahead.. Words into action? Or rather money where your mouth is? will be starting with a virtual trading platform like Gt247 or any other recommendations? Thank You

[delta66]

I think it's called Broad Based Blackjack Everyone Enjoy.

good one...

[soutie]

I think it's called Broad Based Blackjack Everyone Enjoy.

[HendrikB]

If you have no experience in CFD's then you might as well go to the casino and try you luck at blackjack.

Edited by HendrikBruwer, 23 October 2013 - 09:28 PM.

[delta66]

soutie..i've made that error a few times before..selling instead of buying, buying instead of selling. fat finger syndrome can be costly, lol

[soutie]

Open a demo account to cut your teeth on your proffered platform, with CFD's a leveraged keyed mistake can be costly. Make sure you're familiar with their system.

Stick R150k in the account & off you go....  It's a decent amount to start off with.

If you lose it all relatively quickly back to the drawing board.

If it works out great stuff man..!

Given your brief CFD's are the way to go for instant return.

What ever you decide best of luck & if you get time post back your results.

MY 2c 

[delta66]

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

If your account is large enough you can ride out most if not all trades that run against you, turning a bad trade good on reversals. trade with that dicipline you'll rarely lose money. somewhat of a broad statement but very effective as far as CFD goes
rockstar explained it rather well in his post
Best of luck

[Zero Hedge]

Warrant Price discovery difficult. CFD pricing more transparent and less costly way to express view

[Zero Hedge]

The implied vol that banks use when they issue/price warrants are double that of single stock options (implied vol on warrants around 65perc) making it a very costly instrument to express a view. You have to be very good and lucky to beat the house when you invest in warrants

[Plasma]

Warrants is a No No, u just lose, never win.

Not true

[jaDEB]

Warrants is a No No, u just lose, never win.

[Argento]

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.

[Mad Max]

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.

The quickest way to make money would be the Top 40 Cash on IG . With the 700K don't let your margin be more than R100K . Your R600K would be float should the trade go in the opposite way . If you want to learn about the Top 40 Cash get the demo account from IG and trade the Mini,Micro and the TOP 40 Cash. See which one you lose first  then don't do that.  I made 50% in the first 3 months but then I lost it to greed (I admit it) by having too many positions open , against the general trend.

[Lekkerry]

Look into www.powerstocks.co.za, can't go wrong and you can deposit R100k into a CFD account for ALSI trades (using Ultra) and have the balance to diversify elsewhere. Would love to take your 10% profit on this, using Ultra! Lol!