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CFD

My CFD Journey: Still Printing Money

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Most of my funds are invested in different assets, indexes and long term schemes (including a high interest savings account). When Dow Jones fell from 26,600 to 26,000 ish I got a bit concerned over my long term investments. With the CFD strategy I’m now using, I’m able to make money both on a bearish and bullish market and I’m quick in and out so I do not have to worry that much over the money I’m making or losing. I did a few trades yesterday, including two new trades today (believe it or not, all trades made me a decent sum of money). Of all trades I’ve made the past five days, I’ve only lost twice. So right now I’m hitting at least 90% of my trades. That won’t last for long, but I’m going to keep it going for as long as I can.

26 474 USD in profit today

Wow. Just wow. My main trade today was buying Dax a few minutes after it opened at 09:00. I put a take profit at 13,230 and got an entry price at 13,217. I actually left the trade since I thought it would take some time until I either lost or won that position. But just after 20 seconds I took profit. Easiest trading day ever. If you look at the chart, I could have made a lot more money if I had a TP at 13,250 or higher, but if I had kept that trade open today, I would have reached my Stop Loss and lost the trade. As my number 5 rule explains: Never think about lost trade opportunities.

My result so far:

Order Entry Price Take Profit Stop Loss USD Bank Roll USD % Change
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

 

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.
  10. Always write down your trades and elaborate what went right or wrong.
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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2 Comments

2 Comments

  1. mah927

    January 31, 2018 at 9:24 pm

    can you do an intro on CFD’s? Nice to see your journey but it would be also nice to have you explain what it is how it is done etc,,

    • hotshot

      January 31, 2018 at 10:54 pm

      good point, I am interested too

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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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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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