There is a fair amount of pain in CFD's for the unwary. Always go in with a stop loss of no more than 5%, I tend to only risk 2% on a trade. If you get it wrong just accept it and move on, I learnt this the hard way when I opened a CFD account about 3 years ago. Held onto one position for about 1 year at a loss, paying interest every week on my mistake. I realised the loss and now sleep alot better at night. On the same stock I have now made my loss back when I bought back in a considerably lower price than my exit. I don't know much about RIN but I would wait for a trading range and support to be established. Any stock trading below a 200 DMA or 30 DMA be wary of. If you get into profit let it run. I have a similar story to a previous posters experience with MBL, but mine was with CSL. Good luck, it's all a learning experience which will make you stronger. Keep trading, we all have bad patches. Trade with small parcels, get some runs on the board and go from there.
- Forums
- ASX - By Stock
- RIN
- cfd trade from hell
RIN
rinker group limited