looking to open a new account, page-17

Hi gregoson,

"I trade ASX20 companies only because of their liquidity and daily spread. Also using only $5000 at leverage of 95%; I find for under $1000 I can trade all companies either long or short at costs of $35 - $50 with profit margins of 20% + and using a stop loss of $200; am finding it more profitable than trading shares. With the new Pattern Recognition which scans for trade setups either long or short every trading minute; brings a whole new dimension to trading either short term, scalping,swing or day. The CFD providers earn their income through commissions and trading finance for positions held overnight. With proper risk management in place; I have a very profitable and ongoing business all for an outlay of $5000."

Can you give me an example of such a setup and trade? Is it something like this:

1. See a double bottom on BHP.
2. Put on $1,000 to control $20,000 worth of BHP shares.
3. Hold for 1-5 days for BHP to go up 1.2% i.e. $20,240?
4. So $240 - $35 (brokerage, borrowing fees, etc.) = $205.
5. 205/1,000 = 20.5% profit.

Is that right?

BTW, I would never hold leveraged positions overnight because of the danger of big gaps down.

TIA.