I have been trading CFDs for about 8 to 9 years now. Over the years I have gradually refined my strategy.
You asked if my "system" is working for me. What I described in my earlier post is not a system, I was describing how I placed a trade, I did not describe the actual system I used which has to do with picking potential instruments for a Long or Short.
Overall, I am in front.
You said:
"my thoughts are that the price will be more likely at some time exceed the current purchase price ..................5% to 10 % net would be fine over a 2 to 6 months period ........."
So, in 2 to 6 months you might find that your pick was a dud, wasted 2 to 6 months to find that out. I would rather trade in a much shorter holding time frame, do it over and over again, the smaller profits made in that 2 to 6 months will add up, and also, of course, smaller losses with Stop Loss in shorter holding period.
