Sounds like you sleep well, which is what I want to do also! haha apart from jokes, thank you again
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Not to mention, if the company is still good that 30% drop might be a good buying opportunity. When stock splits happen it can reduce prices enormously, wouldn’t want a stop loss to sell then for sure.
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I guess you never know when the next Wirecard will happen. a 30% stop loss could be useful here.
I used day trade CFDs but heard of somebody ‘investing’ in CFDs. Since I started doing that, I’ve had much more success. I buy 5 CFDs with every 50c to 1 dollar rise of a stock I’m interested in which controls for price fluctuations. Then I diversify amongst a few stocks to minimise risk as well. Once I hit 1 thousand or 2 thousand profit, I take it. Rinse and repeat.
Why CFD’s if I may ask, and not just through the Invest / ISA account?
Won’t you be paying swap fees overnight for no reason, or are you shorting too?
I guess because there are some different stocks on the CFD…that’s what I have noticed.
I don’t usually short but with leverage your money goes further. Higher risk but higher reward.
Regular investing is too slow for me but I do keep CFD profits in a dividends pie.
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Forget about stop losses regarding long term investing. It will probably do you more harm than good. It’s useful for short-term trading but that’s also it if you ask me.
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10! oh dear i have 55 on the go from FTSE and nasdaq im seeing 80 % disappearing in to the abis. but hey once the economy picks up mab all those in dark will be in the light again , call it long buying recommended investing strategy by mr buffet . but seriously the above is sensible advice keep those trades small for the first 10 wk s then once confidence builds and you see return happening go for it. use the ISA dept to ,i wish i had done this for my ETF s .