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Short Term Trading Xmas Weekend Lounge: 23 -27 Dec, page-39

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Andyrooooooo

4,183 Posts.

219

24/12/16

08:44

Post #: 21547688
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Originally posted by specgoldbug ↑

Atm Chev no I'm not......my current focus is cash and liquidity. I got two main trades at the moment- long CFD positions in big stocks EVN and VOC...I have been playing around with IG markets CFD's and enjoy the leverage and it gives me the excitement I crave...the negative with them is if position moves against you can incur larger losses as well....so It's really forcing me to improve TA and timing and I enjoy trying to self-improve in this area

Example I can put $5k into a spec stock for a 20% return which is pretty good, or use that $5k on CFD with $40k leverage on a big stock and get the same outcome faster with liquidity

Though it's not that easy....and I must state for anyone thinking of doing the same to understand the risks as wipeout is a real possibility whereas you would not get that same risk exposure buying stock outright.

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I have IG markets as well but i dont use it.

You really are just borrowing money, no different if u went to the Comm Bank and borrowed the $40k and put it on as a normal trade on CommSec.

Do you use stops?
I believe GE owns IG... hrmmm
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