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Friday, 16. June 2017 - Meh

CFDs I closed out the short sugar position for a small win and also made a quick trade in silver yesterday which was a small winner. Overnight i opened a small short gold position which is going my way but only small as well. Then i went long QID and shorted a stock Tim Knight mentioned in his segment that has a beautiful setup and looks like its breaking down nicely. I think next week ill have to look into oil/energy, looking at some charts there are some nice setups. ALSO... goddamn wheat went all the way back up and turned into what wouldve been a winner of about 2/3 of the value of what i locked in as a loss yesterday. Frustrating especially because the assumption was right, i just couldnt stomach the volatility. ToS CORN calls and the weed stocks pulled me down today. Ive given up on X and will just let it expire out of the money to save the commission to close it. Tastyworks The short call spread in QQQ had a nice up turn today but got cancelled out by the corn calls. I have also...

Saturday, 03. June 2017

I made a mistake in my CFD account yesterday during the day (NZ day). I wanted to short Gold as the chart really looked good and i thought its due for a step down, looking at the longer term charts. So i set up the trade on Plus500 and pressed the button. Right away i realized i had forgotten to put in my custom position size and had just left in the Plus500 standard size. So instead of my usual 20 ounces of Gold, i had shorted 200 ounces. I couldnt take it off right away because the spread that Plus500 makes its money with had put my position $70 in the red. (Thats also the reason why i only want to stay with CFDs as long as i have to be able to have a account big enough to pass the PDT rule. Anyways, i was at work and i had stuff to do so i monitored it only sporadically, which is another mistake, but it was going my way and was up about $150 after just a few minutes. So i kept it on and watched it go to $350 before i had to focus on work and left it unmonitored for about 2h. Next ti...