Anyone clued up about CFD trading?

As I understand it yes.

300 shares at $19 = $5700

for example
300 shares at $24 = $7200

$1500 difference which should be yours, minus that Premium.

What the price will go up to is anyone's guess. As Fox said I think the boom has already happened,
 
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You are already on a road to failure getting emotional about the stock.

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Why have you chosen $14 as your limit stop? $14 is right at major support. I would be watching the $18 area first and seeing if it holds that convincingly as you have support and the 20dma.
 
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I'll probably up it a bit. Will see what happens, I may have to ask your advice when to get rid nearer the time.

I've dived in already :) With this being GTA, unless the reviews shovel out a 1/10 surely the stock should be gaining momentum until release.
 
Surely it might but you never know, that is why you must have a solid plan and stick to it.

The problem is they could announce at anytime that the game is delayed and the price will nosedive as you all fight to bail out. You have bought at the stocks all time high which isn't great but as you are now in it then I would keep my eyes peeled at the $18 level of support/20dma. If it breaks down through that point then the short term momentum has changed and I would definitely be thinking of cutting my losses.

How big is your account as you don't really want to be losing more than 3% per trade.
 
Johnnytoxic said:
I'll probably up it a bit. Will see what happens, I may have to ask your advice when to get rid nearer the time.

I've dived in already :) With this being GTA, unless the reviews shovel out a 1/10 surely the stock should be gaining momentum until release.
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But it's priced in. You are not the only one who thinks the new GTA will sell well. The current price reflects the overwhelmingly high probability that the game will not tank. That's how a semi strong market works.
 
Yeah and what usually happens is that the price will begin to fall closer to release as they all start to profit take.
 
You're buying it as it's entering a major gap, at the top of 2 trend channels at a time where any strength is already priced in. No professional would ever take that trade.

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dowie said:
Because you drew some lines on a chart?
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If I remember correctly you're the same person that hounded me out of the stocktrading thread. Considering I'm probably the only person that actually trades for a living, why don't you do everyone a favour and keep your opinions to yourself.
 
Spit said:
Which markets do you trade ScoTTyBEEE?
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Just currencies really. Most people that daytrade only trade fx due to the low spreads and 24 hour markets. A lot of the Americans trade the SNP500 but I don't really need to. Currencies go up and down and that's all you need, you could make a good living out of trading one major pair.
 
You do realise with that kind of leverage they will be asking you to add more funds as soon as the share price dips slightly? That's presuming you don't have any cash sitting in the account.

With your stop loss at $14 you'll be down around £1000?

Pre-orders, expected sales and just about everything else will already be factored into the current sp without doubt. The only way this will go up is if sales FAR exceed expectations. Considering the franchise is one of the most successful in the world, has already launched 7 or 8 versions of the game in the past, I'm fairly sure they will know their market well.

I'm sure there will be MM's all around the world ready to drop this price on release date while they short it. It's the stockmarket, common sense only works if you are in for the long term.
 
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