RIN rinker group limited

cfd trade from hell

  1. 301 Posts.
    My luck has always been ordinary. Me & a friend recently took the plunge & opened a CFD account. Our very first trade was RIN (long) - thinking it was a low risk trade given how far it had already fallen. As it started to fall, we kept kidding ourselves that it would soon bottom (kept moving our stop loss). Well a small paper loss turned into a bigger loss & now it is huge. We are now close to losing our full $20K fund. Its likely we are going to have to put more money in to keep the trade open. We are now too scared to accept we have lost all this money so we are hoping of an eventual turnaround. What a disaster. So others long on RIN, I also feel your pain.
 
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Currently unlisted public company.

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