Posted up a CFD trade on the 8th last week on the short side at 1811 and that particular trade went against me. Stopped out for a 338 dollar loss that same day. Win some lose some thats why stops are there. Anyhoo not much of note happened until 9th @ 9.30 pm AWST price spiked from 1818 to 1835 then went parabolic from 9.30 AWST on 10th. From that point went on a run up to 1914 thats a $94 swing up of course a couple of banks going bust and gold was only going one way. Made 4 scalping runs on the way up buying dips and selling into runs up to 1900. Point is when you get news like banks going bust there is always an upside. The opposite applied to most bluechip miners that went backwards over several down days the ability to go short on a number of stocks would have netted 100 plus pip moves in less than 24 hrs. Daytraders mostly are seeking to make capital on stocks that rise or spike on a given day and sell . Down days are mostly met with doom and gloom or an ambitious bargain hunter. Limits your ability to make gains. CFDs give you ability to go long or short on a huge selection of products. They are also leveraged up to 20x so highly volatile wins and losses can be highly magnified. Focus on things you are familiar with and dont spread yourself to wide as you dont need to trade things you dont understand. Most like CMC offer demo accounts and i would suggest at least 6 months learning the platform if your new to this.
