Dumb Money trading CFDs

Showing posts with label SPX500. Show all posts
Showing posts with label SPX500. Show all posts

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.

12/05/2007

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.

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.