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CFD

My CFD Journey: Up $19 000 Past two Days

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It feels like I’m printing money right now. During my first four days with trading CFD I’m up more than 12% in total with 33 000 USD in profit. I made a few mistakes yesterday where I almost lost all gains, but I stuck to my trades and they ended up with a nice profit after a few nervous minutes. Today Dax dropped more than 0.7% during the opening minutes, and I saw that the RSI and Stoch called it oversold. I entered a buy position which I cashed in quite quick. I could have left that trade open for a longer period and would have been able to cash in even more, but you have to take your profits and be happy with what you’ve done.

Here is my results so far:

 Date  Asset Order Entry Price Take Profit Stop Loss USD Bank Roll USD % Change
 Start 258 064,52
25.01.2018 Dax Buy 13268 13274 13262 6 472,52 264 537,03 2,51
26.01.2018 Dax Sell 13342 13318 13392 7 642,84 272 179,87 5,47
29.01.2018 Dax Buy 13331 13336 13313 12 508,39 284 688,26 10,32
30.01.2018 Dax Buy 13226 13233 13176 6 625,94 291 314,19 12,88

And here is how that looked:

As you can see, I’m pretty fast in and out of trades. I like to monitor my trades with full focus and be happy with a decent gain, then close the position fast.

Here is my trading rules:

  1. Only risk max 2% of my bank roll per trade.
  2. Have 0 active positions during the night (first of all, I lose sleep, second; you are charged an interest fee for leaving a leveraged product overnight.)
  3. Always trade on last month’s trend including the previous day(s). If they do not correlate, I will not trade.
  4. If one position is lost, I’ll double the amount (martingale) and do a second trade. I’ll only stop doubling after 3 consecutive losses.
  5. Do not think about lost trade opportunities.
  6. Markets to trade: Dax & Dow (minimum spread).
  7. Stay updated on economic releases prior to entering a trade.
  8. Do not have emotional ties to the money. I like to call them “points”.
  9. Only enter a position when an asset is overbought or oversold shown by both RSI & Stoch at the same time.

Questions from members:

Can you enlighten point 3? It’s unclear to me.

Point 3 says that I should follow the trend of the asset I’m trading. Basically this means that if the price has risen gradually the last month, it has a momentum upwards. And if the same can be applied looking at the last days, I should buy the asset. If it’s opposite, I should sell the asset. (Use different timeframes to get the monthly view and the daily view of the asset.)

Also read: Trend Following: A strategy revealed

Always write down your trades

I’ve forgot to mention this, but that’s also why I’m posting updates like these. First of all so you can follow my experience with trading CFDs, but also for me to write down what I’m doing right and what I’m doing wrong. This is a great way to learn from your mistakes and keep doing the same thing that actually makes you money. I’m adding that to my rules now:

  1. Only risk max 2% of my bank roll per trade.
  2. Have 0 active positions during the night (first of all, I lose sleep, second; you are charged an interest fee for leaving a leveraged product overnight.)
  3. Always trade on last month’s trend including the previous day(s). If they do not correlate, I will not trade.
  4. If one position is lost, I’ll double the amount (martingale) and do a second trade. I’ll only stop doubling after 3 consecutive losses.
  5. Do not think about lost trade opportunities.
  6. Markets to trade: Dax & Dow (minimum spread).
  7. Stay updated on economic releases prior to entering a trade.
  8. Do not have emotional ties to the money. I like to call them “points”.
  9. Only enter a position when an asset is overbought or oversold shown by both RSI & Stoch at the same time.
  10. Always write down your trades and elaborate what went right or wrong.

These rules are not “set in stone”, but I try to follow them all to the point.

I wish you a great day ahead.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 56 rated postsFounder of Hacked.com and CryptoCoinsNews




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3 Comments

3 Comments

  1. Tarik

    January 30, 2018 at 12:12 pm

    Looks very much like the Burns family (a family of traders, I do not recall now who exactly I watched a presentation years ago) trading approach – is it where the inspiration came from?

    • Jonas Borchgrevink

      January 30, 2018 at 3:21 pm

      Hello Tarik. No, I’ve never heard of Burns Family. I’ve developed this strategy from past experiences, always tweaking it though.. Let’s see how it goes in the coming months.

  2. Fredrik Vold

    February 4, 2018 at 5:59 pm

    Hi Jonas, your strategy seems to work well as long as you don’t get stopped out. What’s your stop-loss with this strategy?

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CFD

My CFD Journey: Bringing it in Again

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I’m back into the groove. I’m way more patient now, looking for the right entry levels. I’m not jumping into a position like I did before. I’m taking less risk, and having more winning trades. I have an inner conflict with myself, a part of me wants to make a lot of money very fast, and another part of me wants to make less money with less risk. My end goal is to have a CFD-strategy that works over a longer period of time, as long as I make money, anyone should be happy, right?

My results

Order Entry Price Take Profit Stop Loss USD Bank Roll USD % of Start Cap.
Start 258 064,52
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 77,17
Day 20 22.02.2018 D&D x x x x 98 666,67 555 866,67 115,40
Day 21 23.02.2018 D&D x x x x 58 666,67 614 533,33 138,13

And my stats

Lol.. Look at this trading day. 522,025 NOK gained, 5,110 NOK lost. If this happened to me everyday, I would be very happy.

Now I just hope I don’t enter any trades later today just to destroy these nice stats.

Have a nice weekend, and let’s see what the next week might bring.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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7 votes, average: 4.57 out of 57 votes, average: 4.57 out of 57 votes, average: 4.57 out of 57 votes, average: 4.57 out of 57 votes, average: 4.57 out of 5 (7 votes, average: 4.57 out of 5)
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CFD

My CFD Journey: Taking it slower, bringing in the profits

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I’m way more careful now, I monitor the market and play mind games. What if I had bought at this level? Then I wait and watch what happens with the price. Most of these games have been profitable, so if I only had entered them I would have made much more today. But this is about learning, take it easy, and ensure more profits than losses.

My Results

Order Entry Price Take Profit Stop Loss USD Bank Roll USD % of Start Cap.
Start 258 064,52
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 77,17
Day 20 22.02.2018 D&D x x x x 98 666,67 555 866,67 115,40

 

I’m way more succesfull with the trades I enter, out of 25 trades, 21 are winning trades and 4 are losing trades.

The best way to make money, is to ensure that you don’t lose money. That’s something I’m focusing on more now rather than large gains and high risk.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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CFD

My Bumpy CFD Journey: Still in Profits

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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.

Don’t Stress

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.

My Results

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.
Start 258 064,52
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

My trading stats today

 

I wish you all a good day.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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