Hi gk
This morning was a very good example of what I had been talking about.
Our mkt closed last night at 4987
The CFDs this morning after the downturn overnight on o/s markets was, around 10 am and shortly after, down below 4900
This was a 2% plus fall and I judged it to be too much ( even though the Dow fell 2.2 % other o/s markets fell much less and the FTSE in fact was up)
I got in around 4900 and further around 4880
Was too busy with getting ready to go out around 11 am to watch activities closely so left some on the table but still managed a profit.
And these days I realise it's not possible to pick the top and the bottom anyway.
Our CFDs do tend to over react both on the upside and the downside to these scenarios and it is fairly easy to take a few points (times the number of contracts you have) profit.
It's not infallible, but it does work often enough.
RE horses
My wife grew up on a farm and rode horses as a small girl
So do our kids and grandkids.
Our daughter in Canberra's husband is originally off a farm and they have acres and horses.
We have horses in Bendigo.......but I stay away from them.
CFDs much safer.
Cheers
