Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

what a pleasant surprise

Reply
Not applicable
Open up my day trading account this morning - and was surprised to see I was short overnight - seems I exited a long position and doubled up on the quantity, so I have made up for yesterday's loss, and now in with significant profit! On top of that, my long term portfolio is actually up 1% today, and my cfds' while taking a knock, are actually all sitting in the money - so if I can ride out this correction, I will have 3 CFD positions sitting at 1*R profit, 1 at 2*R profit (Palamin does not want to quit!) and two that are still floating around breakeven (so the stoploss is still well away). With the next up turn, I will be able to double up on my CFD positions, in line with my strategy. Of course, we could be in a new downcycle, but then I will just be stopped out at breakeven, so no harm done. All going according to plan!
0 Kudos