Hi guys, I am afraid I have become emotionally involved with CDX. So be it. I am in way over my head, having initially purchased at .049, and adding at .06, 061, .049, and .041. My current average is 5.1, so am 30% down at current price. I believed all the hype, and kept buying, while at the same time trying to study technical analysis hard. And yes I could have sold in the high 6's, but I got greedy again. Now I am holding on for dear life, and praying that it does not go the way of HDY, in which I also have many thousands of dollars tied up.
My mistake has been trying to multi-task. I have to work in my trade to be able to live, so I cannot be at the trading desk all day every day.
I enjoy the debate that goes on here, but I fear I am looking through those rose coloured glasses as I have a large part of my assets tied up here.
Looking at the chart, hindsight is a wonderful thing. If I had traded where my B and S are noted on the chart, I could have made many thousand of dollars, but I did not.
BTW, signed up for Commsec Viewpoint yesterday and lo and behold, today cannot log in.
Have worked it out that I spend $200 a month now to have internet access, viewpoint, and Incredible Charts, so that is what I need to make from trading to break even.
I do not have NBN, just mobile broadband. I have also had to set up 3 24" screens so that I can see everything.
