Daytrading September 24 pre-market, page-8

Morning all.

I noticed a few posts about trading options etc. thru a system set up by various mobs that offer this. Just sayin'. I tried this once trading on the S&P500 and DAX etc. A friend of mine was doing OK out of it.

However, take note. It is possible to make the returns look good and show the system works, based on 'real' results from the DOW, SP500 etc. But they leave out one essential thing. When you margin trade these things thru the broker, they control the trades, and if your position starts to go in the red they will close it out. So if you looked at the S&P500 for example after a torrid night on the US markets, you might breath a sigh of relief that markets recovered and your PUTS were back in the money. Imagine your surprise to discover they had got sold at worse point of the night. You will also have signed up for "UNLIMITED LIABILITY" and have huge losses you def weren't expecting.

No doubt there is money to be made but just make sure you understand exactly what you are getting in to.

Leverage trading is not for amateurs. If you can't make money just trading some specs on the ASX and feel you need to go to exotics to make cash. Well, say no more.

Happy Trades