e hënë, 28 maj 2007

CFD Investment trading...hanging in there

The JSE opened today and all my shares were still below the price I had bought them for. Even though they seem to have recovered slightly I am still behind the pack, trying to play catch up. The advice from Specutip this morning was "MARKET MAY GO BETTER TODAY. SUGGEST START THINNING OUT LONG POSITIONS WHEN IN PROFIT" Great advice, but I am still hanging in, not in profit yet. I had a chat to Grant, and I decided that I need to analyse the prices I bought the CFD's at. As I know I only put a 2% markup on my cost, I may have bought the share slightly to high. But I have only taken small positions, so I can afford to wait. I am going to wait for an upturn and then sell out when I have a small profit, and start afresh tomorrow.
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