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Online Share Trading

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All time high

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sponono
Super Contributor
Did it again: going short a stock at an all time high. At least made 5% (equivalent to 100% on a margin of 5%) on CFR last week.
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5 REPLIES 5
Pepi
Regular Contributor
Sponono, i get envious when i hear you're getting 100% from 5% margin. I know you said it's from IG. OST's CFD's vary a lot, but mostly around 10%. Where i'm currently trading it's 15% flat, so for the same outlay you get 3x the shares i get. How does this low margin in practice effect you on the downswing and to compensate do you have a very tight S/L which also has it's concerns.
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sponono
Super Contributor
I have a 1% stop loss and a 5% initial target. 15% initial margin sounds like Investec.
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Not applicable
What stock you going short this week?
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Pepi
Regular Contributor
SA Stockbrokers Sponono.
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sponono
Super Contributor
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