Nenix Dreams

A journey on Trading

About Me

Information about me, how the site works and how I came to a decision to do this site.click here

Stock Sell Counter

Stock Sell Counter Rating

Under Construction

Transactions of stocks

Below is a table of stocks that I have traded before. This will be stickied on top of blog for easier navigation.

[+/-] A to D

[+/-] E to G

[+/-] H to L

[+/-] M to Q

[+/-] R to S

[+/-] T to Z

Tiong Woon

NTS Development Issues

Updated Portfolio

Currency Exchange

Tuesday, October 16, 2007

CFD FuJianZY

Sold my holdings at $0.715. This is the first time that my trigger has hit so quickly. Based on cost, I incurred a 61.34% loss. Ouch.

What I might have did wrongly is that I have overinvested in CFD. If you all have followed my postings, you will know my struggle to cope with the mechanics of CFD. Following trend has its disadvantage as its not easy to sell.

I have an idea which I thought about. While the cash account should be used for position trading, CFD should be done based on cash generation. In this aspect, I should have profit taking on these counters. Maybe this is the lesson that I have to learn from this loss.

Labels: CFD, FuJianZY

posted by Nenix @ 3:23 PM

0 Comments: