Am I right...

[jack12]

I aint got a clue, but AGL got some steam, must check the charts again, see banks are turning

[eddy66]

This is very concerning! looks like i'm gonna have to take my loss again.loss after loss after loss..

[#3]

For example, say you have R1,000 to invest. This amount could be invested in 10 shares of AGL stock at R 100 a share, but to increase leverage, you could invest the R1,000 in options contracts let say 10:1 . You would then buy 100 share of AGL with your R 1000.00 investment

[#4]

Good to know I'm not the only one. Dow futures almost up 1%.

[eddy66]

Hennie i understand the term leverage but find it difficult to answer your quetion.Help me out here and teach me something new for the day. Calculation of leverage 101: Portfolio value 200k Margin 100k exposure 800k leverage ?

[#6]

8:01

[jack12]

The market is turning, they say ,dont run where angels fear to tread.

[eddy66]

there's your answer then hennie.Why do you wanna know?

[#9]

I don't see the market turning. Dow futures on 5min near resistance, if it breaks, SBK will receive more of my money. Think they'll accept it as a payment on me car instead of taking it from my short position?

[eddy66]

Jack,in which direction is it turning? i can't see anything?

[asylum]

Dont worry mate done the same thing last year (all my eggs in one basket) and lost 250k still havent made it back up, but i tell you what im a lot wiser today.

[#12]

Had it as 1.5 m ( post above ) ? 8:1 gives you 12 m expo

[#13]

Eddie, looks like you need to re-evaluate your greed margin. Maybe go for 15% if its at 20% now or at 7 to 8 % if its at 10%. This way you get smaller trades more often with a bteer return. Wise old saying, "pennies maak die pond" (small gains consistantly will out perform any huge risky one-off profit)...OMO

[eddy66]

hennie,my exposure is 1.5m and I used 260k to get that exposure.What is it that you don't understand?

[#15]

Like i said had it as 1.5 m used

[#16]

Eddie are you in futures or options?

[jack12]

Have faith young one, do not be afraid of the big bad wolf,, we tanking yet, how the volumes doing?

[eddy66]

whats the difference Vital? I'm in futures.

[#19]

I don't have figures on volumes, sorry.

[eddy66]

Are you talking to me Jack? But I am affraid,the wolf is huffing and puffing,and my house is made out of straw...Don't see anything tanking,but I'm not gonna close my position.I'm gonna make it smaller to 1m,my first lesson ;)