Dumb Money trading CFDs

12/26/2007

Long a pound o' Gold

Another seasonal present: 25%
LONG Gold vs. Greenback at 821.00

12/25/2007

A CMC Christmas

Engaged in a little Xmas trading, but was not aware that gegenspieler CMC Markets chose to do Christmas:



No heads up, and no service, no trading till December 26 ... noon!
No FX till December 28!? Feels like April 1 -- merry lesson!
http://vspot.co.uk/2007/11/21/pure-gold-santa-claus-statue/

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Update I: Dec 26, 10AM CET

Jolly ride. Gold celebrated Christmas below 807 USD.



No word from CMC Markets yet ... but it's likely that the German trading times (their PDF file comes with Thursday's trading times) also apply to Austrian dumb money.

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Final Update: Dec 26, 2:53PM CET

Can't believe it's not impossible to trade FX via CMC Markets today.



Sold my position (2 is a crowd) at 816.00. 15 liquidation warnings made me realize a lucky 70%.

12/18/2007

Veni Vidi Liquidated

The CFDM is currently raising dumb risk capital -- never recovered from the ueber-dumb Uranium One wipe-out. Expect few monster trades till this fresh money is available.

XAUUSD 19-Dec-2007 XAU Price USD
FX Trade 15.00 789.90000000 (11,848.50)
FX Trade (15.00) 788.30000000 11,824.50



Excellent for my confidence!

12/11/2007

You lose some and you miss some

After a half-assed Spot Gold trade (small loss), the CFDM left the building to join a soccer party -- old-school tittytainment. Saw my team (Werder Bremen) lose vs. a big fag Greek team called Olympiacos.

The punishment? Yet another missed opportunity:



A true Champions League SHORT trade!
Congrats to all dedicated Bears who at least doubled up selling this douche bag called SPX500.

Gotta go now and look up the word Discipline.

12/10/2007

Missing out on 200% Gold/USD

You miss the boat: This is what happens if you live in a country with great health care but don't have wireless access to your trading account ...



On the positive side: Better a missed opportunity than a realized loss -- but after something like this, wireless internet looks like must-have.

BTW, just wondering if there are any other Mac users running CMC Markets-Pro with Parallels. My problem: "LINKED ORDER" does not work ... and CMC Markets customer service doesn't really seem to give shiznit.

12/07/2007

2 steps backwards, 1 whole Gold vs. Dollar point

Yesterday's spectator (missed a solid one-bagger) turned speculator today. Forex for the first time ... Spot Gold vs. US Dollar trades.

Almost betrayed (= shorted) gold. 2 ok losses and a small score:



CMC Markets - My favorite online casino ... where "deficits don't matter."

12/06/2007

12 bars

No CFD trades to post. Been reading a bit and came across the following 12 bars:

Clife Droke's Ode to Undervaluation

The bears have been growling louder each day,
For over a month now they’ve had their say.
“A crash is coming!” they loudly proclaim,
Yet their arguments are shallow and lame.

Stocks are undervalued, so says IBES,
Not in 15 years have they sold for less.
The smart money’s buying hand over fist,
And soon by the bull those stocks will be kissed.

As prices climb, those headline fears will fade,
Buying the lows is where fortunes are made.
Running from value is a bear’s mistake.
The values are real but the fear is fake.



Now 12 fresh bars by CFDumbMoney:


Buy fear and sell greed
It sounds so easy but it's hard indeed
Follow CNBC and get royally screwed
And lied to: inflation -- no energy no food?

You fill up your tank and aks "What's the price for that meal?"
To quote ODB: "Nigga, please!" Ya foe real?
Don't believe what you've been told
Gold n' silver are not about to fold

Packing physical PM artillery
Dropping funny word-connections like Prof. Bernanke
Not one of the fools who saves funny money
the big picture: PM stocks will again be sunny

12/05/2007

Triple Short SPX500

Yesterday's CFD trades:


16:11:31 Market SPX500 (21.00) 1,466.00000000
16:40:38 Market SPX500 21.00 1,464.00000000

17:22:24 Market SPX500 (21.00) 1,467.00000000
17:48:13 Market SPX500 21.00 1,468.80000000

19:31:53 Market SPX500 (21.00) 1,464.80000000
21:05:19 Market SPX500 21.00 1,462.00000000

If I were a rich kid I'd definitely short Gold and Silver ... even during a sweet secular bull market, and even without GSOs -- the fact that my Endgegner (CMC Markets) doesn't offer Guaranteed Stop Orders for commodities might be another reason why I have yet to make my first PM CFD trade ... right now I'd feel too much like a casino patron.

12/04/2007

Registered CFDumbMoney.com

Thanks for registering the TLD CFDumbMoney.com

Registrant:
MetaPredict
87 East Green Street
Suite 305
Pasadena, California 91105
United States

Domain Name: cfdumbmoney.com
Created on: 2007-12-01 13:28:31
Expires on: 2008-12-01 13:28:31

Whoever you are, I'll Paypal you 500 bucks for the domain, or 10 bucks a week (also via Paypal) for domain forwarding. I'll throw in a few links.

contact at amero.at

Infatuated with the SPX500

Yesterday's CFD trades:

18:58:57 Market SPX500 21.00 1,472.10000000
19:05:17 Market SPX500 (21.00) 1,473.10000000

19:20:13 Market SPX500 (21.00) 1,473.80000000
19:37:07 Market SPX500 21.00 1,472.30000000

20:32:28 Market SPX500 (21.00) 1,474.60000000
20:37:20 Market SPX500 21.00 1,474.80000000

Johnny-come-lately profit: 50 Cent USD.

The Latest Sucker on the Block's focus is now on CFD Gold and CFD Silver ... because Goldman Sachs and Co. said so.

12/03/2007

The Uranium One double wipe-out



Despite the fact that I'm long UUU as an investor I lacked discipline to hedge this position, and stick to my initial decision to short UUU till mid-November. Closed out the SHORT trade way too early ... and then turned bullish.

The punishment:



Double wipe-out, and my first margin call! November -- what a ride!

11/30/2007

F



Woulda coulda shoulda done better today, but since the CFDM don't trade on Fridays correct chart signals matter ... not. BTW, CFDM is SHORT SPX500. This can't be foe real. Just another short-squeeze -- America's Most Wanted: Another Fed rate ... for Xmas!

Once I've recouped my Ameros Dollars I'll do what I initially wanted to, namely focus on PM stocks like PAAS and NEM ... and my first butcher: Uranium One, Inc.

11/29/2007

By Short I mean LONG

"There is smart money, and there is dumb money. Then there is me - dumber money." I managed to lose close to 70 bucks yesterday while my favorite index surged 60+ points! The stock market's largest two-day jump in five years, and the CFDumbMoney couldn't take advantage of it.

Yesterday's CFD trades:



After the SPX500 broke through 1,452 CFDM was convinced that LONG is the way to walk. Correct assumption, but...

At this point, that Murphy's words come to mind: What can happen will happen. Instead of buying 28 I actually SOLD 28 ... coulda, woulda doubled my mega margin. Shit like this happens if one trades too much after getting slaughtered

11/28/2007

Standard and Poor and Greed

CFD trades: Tuesday, Nov 27 2007

SPX500 Index Spot

SHORT
(25.00) 1,412.00000000 35,300.00
25.00 1,416.80000000 (35,420.00)

LONG
25.00 1,420.00000000 (35,500.00)
(25.00) 1,422.00000000 35,550.00

LONG
25.00 1,421.80000000 (35,545.00)
(25.00) 1,424.80000000 35,620.00

SHORT
(26.00) 1,425.00000000 37,050.00
26.00 1,417.80000000 (36,862.80)



18:05:47 Market SPX500 (26.00) 1,425.00000000
20:11:29 Market SPX500 26.00 1,417.80000000

The market gave CFDumbMoney (CFDM) 13 points but due to greed not even 7 points were locked in.

11/27/2007

SPX500 Short Mini-Winner

November 26, 2007

SOLD 24 SPX500 at 1,434.60
DealTime (London): 18:18:44

BOUGHT 24 SPX500 at 1,431.60
DealTime (London): 19:13:18



Although a winning trade, CFDumbMoney sold right before another 25 point drop. Since the "urge to gamble" almost wiped me out a couple weeks ago (Posted shortly) I put my focus on discipline -- the wizard who believes "losing all of you money is one of the best things that can happen to a beginning trader" does have a point.