Well, I'm not embarrassed to say I've lost just like everyone else. Luckily it's not significant. More importantly I'll use the loss as an important lesson on how to loose and make money. I don't think there is any great way of trading, except enter the market when it's low. I got onto share trading in mid 2006, so I think I've learnt a hell of a lot more then most would in 10 years of normal trading. I reckon I would have made a killing had I set up my CFD platform and started shorting when required. Example - I bought NAB late April this year for 2 reasons. Firstly, it was on an uptrend and had just broken the 32 dollar resistance line. Secondly it was several weeks away from going ex dividend. Problem was the share price had stalled and then sat just on the 32 line for about 5 days prior to ex dividend. If it was to break the 32 line then it was obvious the uptrend was broken. And as you know, the price usually falls by the amount of the dividend payout, which was about 3%. So I sold out 2 days before ex dividend, because I expected the price fall below the 32 line, which it did and has never been back since. But I, like you, hate selling my shares. What I could have done was to keep my shares, but then to also buy the same amount of NAB CFD's in short sell mode. That meant that as the NAB sp fell then I would be making money. If it fell 40%, then that's how much I'd make. And because I was short, then I would be receiving interest daily! Imagine if you went short BNB CFDs!.
