MPJ 0.00% 0.0¢ mining projects group limited

You ask a lot of questions. So here goes to answer them. CFDs...

  1. 1,684 Posts.
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    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    Out and way for this platform, i am very withdrawn.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.
 
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