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Long IMP @ 43.60, Schoolboy error?

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#1 soutie

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Posted 05 April 2016 - 02:07 PM

All good we is here to share & make cash.... :)


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#2 TheConflict

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Posted 05 April 2016 - 01:34 PM

@ Soutie, no point in hoping a loser turns into a winner.

 

I typically stay in a Cfd for less than a day.

 

Exposure was to 310 IMPs so around R13995.

 

Am aware of the BEE deal.

 

Thanks for the heads up


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#3 soutie

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Posted 05 April 2016 - 12:43 PM

First off Hi & welcome.

Why didn't you allow time for the trade to develop.....?

What size position was it 00's 000's....?

Are you aware of the most recent info on IMP (the BEE shareholding via RBP)...?

 

 

Some of us only follow certain threads so post in Today's CFD's if CFD related.

All the above of course with the best possible intentions inferred.

Cheers.


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#4 TheConflict

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Posted 05 April 2016 - 12:41 PM

 

 

Thanks Guys.
 
Also, didnt take their Panama Papers association into account. So more schoolboy errors.

 

@ f(x), You rock man.


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#5 SLEEKONE

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Posted 05 April 2016 - 11:57 AM

Rules for investing:
Don't sell because the stock is down.
Don't sell unless you are certain that the stock will not recover.
Set targets
Dont invest in mining stocks
Invest when you have done your research
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#6 Function

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Posted 05 April 2016 - 11:57 AM

Hi all

 

Went long Implats @ 43.60 ,this morning.(Bought Cfd's)

 

Was expecting it to rally because of Platinum being up 1.17% overnight?

 

It was up over a percent at the opening auction this morning then turned to eventually reach its current 43.46 (-1.27%).

 

I got out at 43.20, needless to say got burned slightly.

 

How would you have done this trade differently?

 

http://invst.ly/1f-os


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#7 TheConflict

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Posted 05 April 2016 - 10:43 AM

Hi all

 

Went long Implats @ 43.60 ,this morning.(Bought Cfd's)

 

Was expecting it to rally because of Platinum being up 1.17% overnight?

 

It was up over a percent at the opening auction this morning then turned to eventually reach its current 43.46 (-1.27%).

 

I got out at 43.20, needless to say got burned slightly.

 

How would you have done this trade differently?


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You win some you lose some...






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