My Bumpy CFD Journey: Still in Profits
Oh my. Day trading CFDs is no joke. The market has been very volatile. I’ve had positions with plenty of gains, to only be SLed out after a massive price swing. I am still trying to figure out how I can have a profitable trading strategy. Previous mistakes have been to trade when the momentum is slow = hard to discover the trend of the day. I’ve learned that I love to follow the trends, follow the momentum, and then to be quick to take profits when the trend might change. Some of my most profitable trades have been to “ride the trend”. On some, I’ve made more than 200 000 USD alone. But you have to stay focused, as the trend might turn quite sharply.
I find it easier to trade Dow Jones and Dax once they open and close. That’s often when there are more distinctive trends to spot, or quick price reversals.
I have to be way more patient. As you can see below, I’ve had way too high swings, both up and down. The goal for me and this journey is not to make a lot of money fast, it is to find a sound strategy that works. A strategy I can use over multiple years, so gains right now should not be the goal. But with the human mind, it’s hard to not get “dragged in” to the money hole. When you are desperate or greedy, you often tend to take the wrong decision. I have to be way reflective and only enter trades where I can see a strong trend or a possible strong price reversal.
As of now, I’m up 72% of my original deposit. This is a good gain, e.g. if you had 258 064 and ended up with 457 200 USD after investing in Bitcoin or Apple, you would be ecstatic. So I should be very happy, if this was the year’s result. I could even quit now and be on the plus side. But this is not my plan, I want to find a good strategy that I can teach you. And if I take a hit, so be it.
|Order||Entry Price||Take Profit||Stop Loss||USD||Bank Roll USD||% of Start Cap.|
|Day 1||25.01.2018||Dax||Buy||13268||13274||13262||6 472,52||264 537,03||2,51|
|Day 2||26.01.2018||Dax||Sell||13342||13318||13392||7 642,84||272 179,87||5,47|
|Day 3||29.01.2018||Dax||Buy||13331||13336||13313||12 508,39||284 688,26||10,32|
|Day 4||30.01.2018||Dax||Buy||13226||13233||13176||6 625,94||291 314,19||12,88|
|Day 5||31.01.2018||Dax||Buy||13217||13230||13187||26 474,06||317 788,26||23,14|
|Day 6||01.02.2018||Dax||Sell||13291||13265||13327||10 834,58||328 622,84||27,34|
|Day 7||02.02.2018||Dax||Buy||12797||12825||12772||72 314,97||400 937,81||55,36|
|Day 7||02.02.2018||Dow||x||x||x||x||−340 000,00||60 937,81||−76,39|
|Day 8||05.02.2018||D&D||x||x||x||x||353 333,33||420 000,00||62,75|
|Day 9||06.02.2018||D&D||x||x||x||x||236 933,20||656 933,20||154,56|
|Day 10||07.02.2018||D&D||x||x||x||x||278 933,47||935 866,67||262,65|
|Day 11||08.02.2018||D&D||x||x||x||x||212 533,33||1 148 400,00||345,01|
|Day 12||09.02.2018||D&D||x||x||x||x||272 266,67||1 420 666,67||450,51|
|Day 13||12.02.2018||D&D||x||x||x||x||171 240,00||1 591 906,67||516,86|
|Day 14||13.02.2018||D&D||x||x||x||x||−705 240,00||886 666,67||243,58|
|Day15||14.02.2018||D&D||x||x||x||x||−481 600,00||405 066,67||56,96|
|Day16||15.02.2018||D&D||x||x||x||x||86 933,33||492 000,00||85,99|
|Day 17||16.02.2018||D&D||x||x||x||x||−198 666,67||293 333,33||13,67|
|Day 18||19.02.2018||D&D||x||x||x||x||80 000,00||373 333,33||44,67|
|Day 19||21.02.2018||D&D||x||x||x||x||83 866,67||457 200,00||72,83|
I wish you all a good day.