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Drip feeding with leverage

  • 15-12-2014 8:03pm
    #1
    chompdown
    Registered Users, Registered Users 2 Posts: 534 ✭✭✭


    Quite an odd title for the thread, but it will match my new strategy of speculation mainly for entertainment reasons...

    Here's the plan:

    1. Starting bank of €200 with Plus 500.
    2. Every month I deposit €100 - €150 and open positions on leverage with a total exposure up to and around €3,000
    3. Put in some stop losses at points to be determined!

    Today I put my first on and it's short 50 shares of IYR @ €76.40.

    Updates to follow!


Comments

  • #2
    chompdown
    Registered Users, Registered Users 2 Posts: 534 ✭✭✭chompdown


    Quick update here.

    Closed my IYR position on St. Stephen's Day at $77.94 for a loss of €103.

    Bought 600 USO shares @ 20.74 just before the close.

    The point of this thread to to keep me disciplined and to stop me going a bit mad buying and selling, and I've already broken the rules I set for myself - the value of the USO trade is €10k which is too much for such a small bank. Looks like USO will be up today so I should get a chance to reduce the exposure...


  • #3
    For ever odd
    Closed Accounts Posts: 608 ✭✭✭For ever odd


    chompdown wrote: »
    Quite an odd title for the thread, but it will match my new strategy of speculation mainly for entertainment reasons...

    Stop trading.

    "Entertainment reasons..." This is your first and biggest mistake.


  • #4
    arrowloopboy
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭arrowloopboy


    You could change the name of the thread to ''Getting raped with leverage'':p


  • #5
    ulinbac
    Registered Users, Registered Users 2 Posts: 707 ✭✭✭ulinbac


    How are you developing this speculation theory?

    Leveraging that heavy is tough. Why not just used the 100 or 150 one month to buy some books etc. Then save and demo for a few months. After which you will have more knowledge and more money to invest/speculate on a single position :)


  • #6
    chompdown
    Registered Users, Registered Users 2 Posts: 534 ✭✭✭chompdown


    That's the end of that experiment!


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  • #7
    ulinbac
    Registered Users, Registered Users 2 Posts: 707 ✭✭✭ulinbac


    chompdown wrote: »
    That's the end of that experiment!

    What happened?


  • #8
    For ever odd
    Closed Accounts Posts: 608 ✭✭✭For ever odd


    chompdown wrote: »
    That's the end of that experiment!

    Ah well.
    Lots of experiments will go wrong before you find your way.


  • #9
    chompdown
    Registered Users, Registered Users 2 Posts: 534 ✭✭✭chompdown


    For ever odd wrote: »
    Ah well.
    Lots of experiments will go wrong before you find your way.

    Cheers! My other, more serious speculations are Taipan Resources and Oxus Gold... No leverage involved thete. Hopefully they will find the way for me!


  • #10
    Tugboats
    Banned (with Prison Access) Posts: 2,011 ✭✭✭Tugboats


    ulinbac wrote: »
    What happened?

    He made so much $ he retired.


  • #11
    chompdown
    Registered Users, Registered Users 2 Posts: 534 ✭✭✭chompdown


    Tugboats wrote: »
    He made so much $ he retired.

    Funny lad Tug!

    Ulinbac, oil went down further and I got a margin call. Balance at €50 and doubt I will deposit again. It was a failed experiment trying to call the top in the real estate market and the bottom in oil... happy to admit that!


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