You ask a lot of questions.
So here goes to answer them.
CFDs are bloody dangerous.
The provider tries to screw you every way he can.
When i am trading CFDs, i never leave the chair.
Re;
If the market goes against you, and the market gaps over your stop loss, too bad, you keep losing.
Eventually they will close you out at a greater cost (loss) to you.
I only trade them when the market is in a rocket mood. Long or short.
QUOTE.
You also said,
"Two months ago i was shorting BHP to the grave."
Yes that was right.
Look at the BHP chart.
It's been falling from over a high of thirty dollars.
To a low of just over fourteen odd dollars.
It's low was about January or February.
After the low and my profits were starting to shrink, I exited. Took my profits.
Waited for the share to rise one dollar more than my exit price and entered on a buy.
I'm still in, riding it to the heavens.
But i don't always win. At this moment i'm losing thousands on TLS.
I believe, and still do, that TLS is over valued.
So I shorted it. Only for it to jump.
On TLS i am trading them in Warrants, you only pay a fraction of the value of the share.
Out and way for this platform, i am very withdrawn.
It's a bit like driving a car. Get behind the wheel and you become a maniac.
I am on my last warning from Hot Copper.
I have been banned from the property forum Somersoft (don't know it they still exist).
I'm at this minute trading the Aussie long, it has turned against me. But i hope not for long.
MPJ, i was bored.
Nothing happening.
But i feel they are too far from the action.
AJM don't think so, they have secured the tenements on the western side of you.
Which i think is a waste of their time.
I am not coming back to MPJ, or what ever name.
So to all, good luck and GOD bless.
MPJ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held