No I don't actually like Huntley or mottley fool but get them for info treat with care. Also had slipstream but it changed to a share tipping 5 stock system which is lousy for us traders but GREAT for CFD providers (too much buy sell changes). They try to say it makes money but you need to actually get at the price of trades so is VERY dependent on time of buy and buy sell spreads. The CFD market is tricky in first 30 min so cant actually do what they say so the small profit (more recently loss) just is not worth it. I certainly wont be keeping it. I have only been playing CFD since April. Used to do PUT calls back in 2006 and 2007/8 with great success in 2007 after losing in 2006. It is easier (more dangerous) to short. Takes some learning I think as the market drops you need to short harder and as it turns jump out. Unfortunately days down are MUCH less frequent and bigger falls then the squeeze up. Thus you have to run with the flow as it falls and INCREASE your bets. Fortescue is different since there are so many other factors to consider so I just chose 2 limits which worked initially. Now I think FMG is likely to drop below $5 no longer the confidence. Tuesday will be VERY interesting ? does Monday stage a recovery? If not the ASX will be slammed on opening and basically too late to short that is why I took such a large position Friday. Enjoy Australia day guys. F
