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CFD trading

DMA is the best thing since skimmed milk and Manuka honey... 

 

 

The disadvantage of CFDs is tat you cannot

queue to bid/ask.

Richman      ( Date: 08-Jun-2010 22:01) Posted: Keep up the good work and happy trading. CFDs is a money making tools during this volatile market movement. CFDs are enjoying growing popularity amony retail and instituitional investors nowaday. It started as hedging option but nowaday it is common for every retail investor.       makelotsofmoney      ( Date: 08-Jun-2010 18:16) Posted: I beg to differ. I'm a newbie. Started of CFD trading as I did not have much capital. From April 2009, I invested an initial amount of S$6000 into POEMS CFD. With that 6k, I made about 90+k, loss about 30+k. So I had a profit of $60,000. I think CFD is useful for low capital players like me but of course have to be careful and don't be greedy.

 

in recent times i wouldnt trade cfds and other instruments. on august i think the market conditions will be better, more volatility

Blog: Online-Broker-Vergleich

Richman      ( Date: 08-Jun-2010 22:01) Posted: Keep up the good work and happy trading. CFDs is a money making tools during this volatile market movement. CFDs are enjoying growing popularity amony retail and instituitional investors nowaday. It started as hedging option but nowaday it is common for every retail investor.       makelotsofmoney      ( Date: 08-Jun-2010 18:16) Posted: I beg to differ. I'm a newbie. Started of CFD trading as I did not have much capital. From April 2009, I invested an initial amount of S$6000 into POEMS CFD. With that 6k, I made about 90+k, loss about 30+k. So I had a profit of $60,000. I think CFD is useful for low capital players like me but of course have to be careful and don't be greedy.

 

Blastoff      ( Date: 08-Jun-2010 09:29) Posted: Agreed with what iPunter said regarding CFD. To add, you must be mentally prepared to lose the money first. If not it can be quite painful. Just my views. iPunter      ( Date: 08-Jun-2010 06:57) Posted: Market newbies should avoid playing CFD at all costs. Rather, use your spare cash to long. CFD is a tool only meant for mature and experienced market veterans to manage their money, not for newbies to dabble in shorting. Newbies must first learn to long successfully before they even think of shorting. Now, what is meant by 'longing successfully'? It simply means to buy and sell profitably. And one cannot long successfully if one does not even know how or when to sell his/her long position for a profit...

 

Keep up the good work and happy trading.

CFDs is a money making tools during this volatile market movement.

CFDs are enjoying growing popularity amony retail and instituitional investors nowaday.

It started as hedging option but nowaday it is common for every retail investor.

 

 

 

makelotsofmoney      ( Date: 08-Jun-2010 18:16) Posted: I beg to differ. I'm a newbie. Started of CFD trading as I did not have much capital. From April 2009, I invested an initial amount of S$6000 into POEMS CFD. With that 6k, I made about 90+k, loss about 30+k. So I had a profit of $60,000. I think CFD is useful for low capital players like me but of course have to be careful and don't be greedy.

 

Hmm..ipunter sounds so sour and sarcastic. I only cited my case as an example that CFD can be a useful tool for low capital players like me. It's only a difference of opinion. Can't we at least agree to disagree?

Anyway, many of my decisions to purchase whichever stocks are done through researching this forum. Picks like Genting, Soundglobal, Mermaid, Midas were all purchased after reading the comments made by punters here. So a big thank you for to all of you.

 

In view of the lucrative results as posted by "makelotsofmoney" below,

I must say sorry to all the newbies here for my previous posts about CFD.

I take back my posted words as of now...

Thus, newbies please disregard my post and sign up for CFD and trade as you deem fit...

Sorry again for my views...

hehehe...

 

I am sure many veterans here will be rushing to enrol you as their sifu...

hehehe... 

 

I beg to differ.

I'm a newbie. Started of CFD trading as I did not have much capital. From April 2009, I invested an initial amount of S$6000 into POEMS CFD. With that 6k, I made about 90+k, loss about 30+k. So I had a profit of $60,000.

I think CFD is useful for low capital players like me but of course have to be careful and don't be greedy.

 

Agreed with what iPunter said regarding CFD. To add, you must be mentally prepared to lose the money first. If not it can be quite painful. Just my views.

iPunter      ( Date: 08-Jun-2010 06:57) Posted: Market newbies should avoid playing CFD at all costs. Rather, use your spare cash to long. CFD is a tool only meant for mature and experienced market veterans to manage their money, not for newbies to dabble in shorting. Newbies must first learn to long successfully before they even think of shorting. Now, what is meant by 'longing successfully'? It simply means to buy and sell profitably. And one cannot long successfully if one does not even know how or when to sell his/her long position for a profit...

 

Market newbies should avoid playing CFD at all costs.

Rather, use your spare cash to long.

CFD is a tool only meant for mature and experienced market veterans to manage their money, not for newbies to dabble in shorting. Newbies must first learn to long successfully before they even think of shorting.

Now, what is meant by 'longing successfully'?

It simply means to buy and sell profitably. And one cannot long successfully if one does not even know how or when to sell his/her long position for a profit...

 

If you are young , pls go ahead and get some burning sensation.

After completing a medium rare , pls come back to reality.

Otherwise, when you are old and still doing this kind of cooking, you will die a poor old man.

Leverage never wins, otherwise stock broking house would not be doing this business.The house always wins.

If you can win using leverage , you should be able to win without leverage. Real kungfu no need weapon. Its the wisdom gain over the years to prevent doing stupid things like CFD.

Real kungfu needs patience and real ammunition to kill its opponents during its weakest moment.

Pls go to my seven sins for some advice.

Hahaha, no wonder broker house never go broke just like well managed casino.

 

 

 

 

purelotus      ( Date: 04-Jun-2010 00:10) Posted: Thank for all the advise and information. I have only 6 months of trading/investment experience. The important thing is, I discovered my character, style & what I want to get from stock market. So far, i found that, holding a stock for long term is not suitable for me. The reason is because i do not have large fund . Beside this, i found that a lot of US blue chip like citigroup beat down all the way to penny stock. So i think to have a strategy like entry point & exit point is more logical for me. The main reason I am looking at CFD is because during last month selldown. I only can sell off my holding and wait sideline for the time to go long again. I believe as trader you must be able to short and long depend on the trend & timing, if I not wrong, i believe iPunter mentioned about this before. During the past 6 months, i learnt a lot from forumer here. But I found that forumer here seldom discuss about money management. To trade CFD, money management must be strong as mention by  Susan66. I also learnt something from alexchia01, his post did advise to allocated % of capital in different stage. At the same time, I still struggling with TA which I learnt from book and Bintang. I still learning, hopefully one day, I know which work best for me.

 

In addition, it is not advisable for anyone to dabble with shorting

until one has truly and profitably mastered the art of longing first...

This is because, perhaps paradoxically,

when has mastered longing profitably,

one would have also mastered shorting at the same time...

 

Yes, yes...you are right...

I forgot to mention that CFD is only for very experienced traders, not newbies...

Thank you, WLBO_BB for highlighting this :)

I want to repeat the warning:- 

all newbies can easily become "pok!" with CFD!

Do not play CFD if you are a newbie...

WLBO_BB      ( Date: 06-Jun-2010 10:28) Posted: playing with CFD is like playing with fire...it is a good servant but bad master.... ...dun get burnt... i suggest u trade a little bit more before u can handle it.. cheers mate!

 

playing with CFD is like playing with fire...it is a good servant but bad master....

...dun get burnt... i suggest u trade a little bit more before u can handle it.. cheers mate! 

 

This shows you don't get it...

      because you are prepared to lose a lot of money...


But if one trades CFD sensibly, intelligently and maturely (in any order),

      one would have been 'mercifully' saved well before one gets devastated by the market beast.

Thus, to the practically wise, CFD is a godsend...

 

That is the worst thing instead.

iPunter      ( Date: 02-Jun-2010 22:23) Posted: The good thing about CFDs is that your positions are automatically force-liquidated once you are unable to top up your margins by the deadline when there's a call...

 

Yes, I agree with Alex, you are going to do well. But sometimes depends on your character, whether you are really doing what you think, must be decisive in every trade, not many can do it. Theory is easier than practical, must try not to be affected by emotions. Don't be afraid of losing some money, decide on the outcome before you even started out on a trade. So you won't get panic when it goes against you.

The first step is to brush up your TA first before starting on any trade. As my teacher always say, money is our "life", lose capital means losing your life. So must learn to cut loss if the reverse happens, you will only get hurt but it can be cured, rather than lose everything. To me, first priority is always to protect your capital well. Timing is very crucial to every trade, learn to catch the right timing more important than choosing the right stock. Best of luck!

alexchia01      ( Date: 04-Jun-2010 00:14) Posted: Based on your post, I know you are going to do very well in the stock market. Good luck my friend. purelotus      ( Date: 04-Jun-2010 00:10) Posted: Thank for all the advise and information. I have only 6 months of trading/investment experience. The important thing is, I discovered my character, style & what I want to get from stock market. So far, i found that, holding a stock for long term is not suitable for me. The reason is because i do not have large fund . Beside this, i found that a lot of US blue chip like citigroup beat down all the way to penny stock. So i think to have a strategy like entry point & exit point is more logical for me. The main reason I am looking at CFD is because during last month selldown. I only can sell off my holding and wait sideline for the time to go long again. I believe as trader you must be able to short and long depend on the trend & timing, if I not wrong, i believe iPunter mentioned about this before. During the past 6 months, i learnt a lot from forumer here. But I found that forumer here seldom discuss about money management. To trade CFD, money management must be strong as mention by  Susan66. I also learnt something from alexchia01, his post did advise to allocated % of capital in different stage. At the same time, I still struggling with TA which I learnt from book and Bintang. I still learning, hopefully one day, I know which work best for me.

 

Based on your post, I know you are going to do very well in the stock market.

Good luck my friend.

purelotus      ( Date: 04-Jun-2010 00:10) Posted: Thank for all the advise and information. I have only 6 months of trading/investment experience. The important thing is, I discovered my character, style & what I want to get from stock market. So far, i found that, holding a stock for long term is not suitable for me. The reason is because i do not have large fund . Beside this, i found that a lot of US blue chip like citigroup beat down all the way to penny stock. So i think to have a strategy like entry point & exit point is more logical for me. The main reason I am looking at CFD is because during last month selldown. I only can sell off my holding and wait sideline for the time to go long again. I believe as trader you must be able to short and long depend on the trend & timing, if I not wrong, i believe iPunter mentioned about this before. During the past 6 months, i learnt a lot from forumer here. But I found that forumer here seldom discuss about money management. To trade CFD, money management must be strong as mention by  Susan66. I also learnt something from alexchia01, his post did advise to allocated % of capital in different stage. At the same time, I still struggling with TA which I learnt from book and Bintang. I still learning, hopefully one day, I know which work best for me.

 

Thank for all the advise and information.

I have only 6 months of trading/investment experience.

The important thing is, I discovered my character, style & what I want to get from stock market. So far, i found that, holding a stock for long term is not suitable for me. The reason is because i do not have large fund . Beside this, i found that a lot of US blue chip like citigroup beat down all the way to penny stock. So i think to have a strategy like entry point & exit point is more logical for me.

The main reason I am looking at CFD is because during last month selldown. I only can sell off my holding and wait sideline for the time to go long again. I believe as trader you must be able to short and long depend on the trend & timing, if I not wrong, i believe iPunter mentioned about this before.

During the past 6 months, i learnt a lot from forumer here. But I found that forumer here seldom discuss about money management. To trade CFD, money management must be strong as mention by  Susan66. I also learnt something from alexchia01, his post did advise to allocated % of capital in different stage.

At the same time, I still struggling with TA which I learnt from book and Bintang.

I still learning, hopefully one day, I know which work best for me.