Monday, 23 April 2007

How not to beat the market as a day trader!

For those of you who thought there was an error in the title, "no, wrong .... there was not"! -- It was just a way of grabbing extra attention to highlight how easy it can be to shrink your capital when day trading using CFDs ... and these are some ways, which you can use to achieve it:

1- Trade the indices as casually as possible with no stop-losses at all.
2- Place a trade using maximum stake so that you barely leave yourself any margin in your trading account.
3- Enter & exit trades without having a pre-planned system.
4- Open as many positions as you want.
5- Switch off your monitor in a volatile market and go and play golf with your mates.
6- Stay on the phone to your mother during a triple witching hour!

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