BEATEN BACK...BUT STILL STANDING

I traded 50% of my capital this week, spending about R5,000.00 on deposits, all around the R1,000.00 mark. As CFD's are geared products, this gave me about R40,000.00 of exposure. I placed take profit and stop losses on all my trades, and was well pleased when I had made a R1,300.00 profit by market close on Monday. My joy was short lived as the market pulled back, and a stop loss sold me out of a position at a R800.00 loss. All my shares we platinum shares, and as the rand strenthened against the dollar, I took a beating. Fortunately none of the other shares reached the stop loss position, so I was left still holding the shares at the end of the week. I have realised, I am clueless about CFD trading and made a note to go on the next CFD course in Pinetown. And read up on CFD'S daily, in fact I am making it a part of my daily goals for the next month. I am also going to call the brokers every at 8.30am, before the market opens to check if I am thinking the correct way with my trades for the day.