Man of Honour
- Joined
- 31 Jan 2004
- Posts
- 16,338
- Location
- Plymouth
Has cost me £3k
And some others a lot, lot more judging by the automated sells I saw.
Such is life on the AIM I guess!
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
And some others a lot, lot more judging by the automated sells I saw.
Such is life on the AIM I guess!
Has cost me £3k
And some others a lot, lot more judging by the automated sells I saw.
Such is life on the AIM I guess!
ouch
sorry to hear that.i don't have any stop loss on my RKH shares as i have already taken out my initial stake.
I found it all very exciting! I was watching them like a hawk with a beaming smile on my face, even though I stood to make a big loss if the price changes were real 
I'm reading some real horror stories. There's a student on another discussion board that had money he couldn't afford to lose in CFD and had cash simply vaporised today.
I'm reading some real horror stories. There's a student on another discussion board that had money he couldn't afford to lose in CFD and had cash simply vaporised today.
I found it all very exciting! I was watching them like a hawk with a beaming smile on my face, even though I stood to make a big loss if the price changes were real
I'm reading some real horror stories. There's a student on another discussion board that had money he couldn't afford to lose in CFD and had cash simply vaporised today.
if he cant afford it he is in the wrong game. especially with CFDs!!!
agreed - silly boy.
Man of Honour
- Joined
- 31 Jan 2004
- Posts
- 16,338
- Location
- Plymouth
Saw that too - madness.I found it all very exciting! I was watching them like a hawk with a beaming smile on my face, even though I stood to make a big loss if the price changes were real
I'm reading some real horror stories. There's a student on another discussion board that had money he couldn't afford to lose in CFD and had cash simply vaporised today.
Am gutted to lose a small amount but that's just the risk with AIM. I'd rather come out with a smaller profit than lose everything.
Associate
- Joined
- 19 Jan 2010
- Posts
- 328
which discussion board?
There can only be one board
Interactive Investor
Probably the most immature board I ever had the mis-pleasure to read.
Serious?
I'm not a big fan. I'm starting to build up an ignore list just so I can filter it down to reasonable posts. If anyone knows of a more sensible board PLEASE mention it!
Deffo, only play with money you can afford to lose
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
Serious?
I'm not a big fan. I'm starting to build up an ignore list just so I can filter it down to reasonable posts. If anyone knows of a more sensible board PLEASE mention it!
I thought this site had some good info on it and a bit of discussion. iii is a lot of spam and ramping, some of its ok though. Anyone who quotes a source
http://www.stockopedia.co.uk/document/view/40009/initiating-coverage-more-than-meets-the-eye
Also I watch threads on mse though its not really a stock board some with good experience are there
cfd is for swing trading at best or about 5 days I reckon, why would he still be holding is a good question. a lot of leveraged traders would be selling for general reasons which could easily explain the price weakness, got to follow the tide if paddling in a dingy
Did he sell them then? If not, he will have to wait for them to go up again.
I find it funny when people tell me 'You lost a lot this week' (or something similar) and tell them I didn't as I haven't sold them yet.
Caporegime
- Joined
- 11 Mar 2005
- Posts
- 32,221
- Location
- Leafy Cheshire
Indeed, you've lost nowt unless you have to sell at a low (because you need the money back).
His CFD provider did so on his behalf as the equity in his account dropped below a threshold. So yes, a recognised loss for him.
With CFDs you do lose as you don't actually hold anything, your just betting on the SP.
Soldato
- Joined
- 13 Jul 2004
- Posts
- 20,341
- Location
- Stanley Hotel, Colorado
Its liable to cgt so I wouldnt say you hold nothing but its margin trading so it can be sold to pay the original debt. It depends on the provider, some will give a phonecall to discuss funding and it'll rise back in the meantime or most I expect just have a computer automatically sell the instant it drops.
10% trailing stop loss would have worked too
Thats why the 29 crash was so bad apparently, it was much more common to buy on margin
http://en.wikipedia.org/wiki/Bucket_shop_(stock_market)
Spreadbetting is banned in the usa and even day trading requires 50k deposited apparently
If doing risky trades I would aim to sell enough to cover the purchase price. Maybe theres no loss without a sale but without any cashflow you havent gained anything either , Ive found out this market goes in circles
10% trailing stop loss would have worked too
Thats why the 29 crash was so bad apparently, it was much more common to buy on margin
http://en.wikipedia.org/wiki/Bucket_shop_(stock_market)
Spreadbetting is banned in the usa and even day trading requires 50k deposited apparently
If doing risky trades I would aim to sell enough to cover the purchase price. Maybe theres no loss without a sale but without any cashflow you havent gained anything either , Ive found out this market goes in circles
Being able to see the order book is nice in some occasions but I think its a bit over hyped. Tis not much use for most retail traders and is a bit pointless for any highly liquid stocks which get traded on a variety of exchanges/ECNs.