I Neo and all, "that few traders really capitalize on" (quote form neo)I would be one of those. At this stage on my re-entry to trading I am starting low key. I am currently short ASX200, as I posted, on a micro contract. i.e. $1/point. Low risk "dip toe in the water stuff".I have examined my psychology and this time I want to be more clinical r.e. entry/exit and not reactive to P&L. I look at what the chart is telling me. It is not about picking the top and bottom but trading the signals. No trader wins every time. I will be restricting my trading to ASX200 and FTSE initially. The movements are within my risk tolerance. The DOW can, and frequently does, jump around by 100/200 on a daily basis. Even on a $1 micro this pushes the risk of stop being hit. The $aud/us is $100/1c change. This can make and burn a lot of cash in a hurry. I shall paper trade these for a while before I have a punt. NEO my strategy is to trade based on TA mainly. I do not have the time to daytrade so a daily candle often gives trades from a few days to several weeks. I understand what you say about the "real value" of using CFD's. I have experienced the overnight/weekend gap up or down. I just had a look at the CBA chart over the last 3 months. It gaps on open more often than not. Check the chart from 12 AUG to 11 SEPT. That is a gappy stock. I do not need to try to tame that. It can burn cash. When trading US stocks and not holding overnight does this mean you stay up and trade from late night to 7 am of so? I will post a chart or 2 showing the thoughts of my trading plan. If I remember how after such a long time.
