Description

Recently I joined Simon Brown trading a CFDs with Think Markets Jose and I are chatting about my experience.a

• My first experience trading equity CFDs
  
  
• Impact "of no minimums"
  
  
• Perfect trade in the CFDs
  
  
• Update on the portfolio
  
  

Open Trade

• The Foschini group (TFG) Long: https://villagetrader.co.za/2020/08/09/tfg-bullish-divergence-trade/
  
  
• BHP Group Short: https://villagetrader.co.za/2020/08/13/bhp-group-graveyard-doji-kangaroo-tail-reversal/
  
  
• Glencore (GLN) Short https://villagetrader.co.za/2020/08/20/glencore-gln-head-and-shoulder-trade-plan/
  
  
• Bidvest (BVT) Long: https://villagetrader.co.za/2020/08/18/bidvest-bvt-head-and-shoulder-trade-plan/
  
  

Closed Trades

• Sasol (SOL) Long:
  • Entry R153
    
  • Stop loss: 126.31
    
  • Take profit: 217
    
  • Actual exit: 126.31 Initial stop out.
    
  • P/L - R26.69
    
• Implala Plat Short
  • Updated stop loss. R171 on Thursday August 2020 based on 2X ATR
    
  • On friday 2XATR was at above current stop at R175.80 meaning doing nothing with the trade.
    
  • Plan link : https://villagetrader.co.za/2020/08/24/implala-platinum-graveyard-doji-kangaroo-tail-reversal/
    
    
  • Stopped out on 24 August 2020
    
  • Actual exit 171.23
    
  • P/L -R5.24
    

Account update: 22 August 2020

Current balance (Margin) : 971.43

Current Equity: 1079.61

Paper P/L: 108.

Account % move (incl paper P/L): +7.8%

VT portfolio unit value :  R10.80 +8.62 from R9.94