Let me tell you a story...
At approx. 7:00pm Sydney time yesterday, I decided I could get an easy scalp from the Hang Seng rally into close - an easy 100p LONG. Minimal risk, tight stop, decent size trade.
At approx. 7:10pm I hear a horrifying THUD! followed by my kid screaming... I naturally run to his aid. Upon my return to Market Marker (Yes that's right CFD/Margin)... I see that I have scored my 100p LONG.... BUT THE MARKET HAD CLOSED!!!
So there I was, for 17+ hours, feeling like vomiting every time I moved. HARDCORE LONG, on HANG SENG, and Global Markets are collapsing...
Finally, after a nail biting night (No sleep). Hang Seng opens... DOWN 500p!
MARGIN CALL ! ! MARGIN CALL ! ! MARGIN CALL ! !
I decide to hold - All or Nothing now!
At approx. 1:05pm today I excited my Hang Seng trade with a 200p profit.
Moral of the story...? I think there are many...
Hope you enjoyed the tale... Now I'm gong to take a few days holiday...
Cheers,
Patrick
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