Hardide

Hi Remo,

He started with around 30k and then had to put in another 20k. So around 50k. Now i am only wondering when gold will go up to 1770. Thanks.

RG2..
jackozy is right.
With regard to your friend how much capital did he start with????
If its a million pound then no big deal.
If its £25000 then he must have taken serious risk to get it to 225K. He could not be using any risk management,ie 2% rule. He must have been risking 50%+ per trade????
So its important to know what capital he started of with then it will be easy to work out if he was lucky or a gambler or a wise investor.
If you got a million pound then its fairly easy to make 225K in 6 months. thats only 25%(obviously this figure is not accurate) rise.
well its not easy to make 25% but its achievable
He is using leverage i suspect.
ie...£25000 could be equal to £500000 worth of trading account.
Leverage is a dangerous game as you are breaking all the rules of trading.
Only risk money that you can afford to lose.
remo

RG2 - don't be envious of your friend, IMHO his beginner's success rate is highly unlikely to last long term. I think you've mentioned him before on III's CV. I'm happy for him he's done well so far but he ought to heed caution. He only needs 3 more "pending" £55k losses to be back to square one and all that profit will have vanished. He's probably made that by taking far more risk than he's aware of and has been exceptionally lucky.

You may think that's a bit harsh but I know from personal experience that this can happen all too easily and it's a long way back from there due to lost confidence and the subsequent reduced risk-taking.

My advice to him would be to be thankful for the profit he's made so far, take a short break to learn charts properly, keeping the money he's made in the bank and then return to trading on a much lower risk basis and build on his capital slowly rather than continue to chase large sums.

ATB

Thanks Remo. I had them at 1.26 so just sold at 1.28. Since I am loosing a lot in RRL and XEl I thought I'll try and sell some of the high risk shares. I don't know when RRL /XEL will go up.
Loosing a lot.

Remo, one of my friend who is an IT professional started spread betting 6 months back and he has currently made £225k with current pending loss of £55k, so in net if will still make £170k. He has started to learn charts but as well as the professionals. I am not sure its luck or he is too smart. But unfortunately my luck is not running good in stocks and SB.

RG2 ..There was a lot of volume yesterday but i could not find any reason for the move.
For real strength to come this has to finish above 1.25. This is range bound between this and 0.3 since feb 2009
The obv is diverging and is showing strength.
Being a penny share a lot of risk involved. So the level to watch is for a breakout past 1.25 then that could open up 2.20. Technicals aint that great on penny shares due to the liquidity .High risk share but crazy moves possible


dl.dropbox.com/u/4899609/hdd14dec.png

DYOR

Anyone why hdd went up by 20% today. Any news coming to come. Thanks. RG2