Dumb Money trading CFDs

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

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