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have been trading CFDs since CMC started in Ozz -- changed over to IG early 2007.
If what your doing is working then great , but from my own trading -- Longs/Shorts/Hedges, Aust Stocks only .
1: with 42 positions I think your leverage is WAY to high .
i now go in on the basis of a total of all positions not to exceed 3 times the Account size , hence your $8,500 would mean a Max of $25,000 total for all open positions .
2: NEVER EVER have a " AUTOMATIC STOP " - this is the biggest trap with CFDs in my opinion , far better the way your doing it with EoD -- maybe closer to around 3.50/3.55 pm though if you can otherwise next day around 11.30 am.
3: I,ve found sticking with XJO stocks only to be O/K as you can Short most of these or use them as a short term Hedge.
4: If you can handle all those positions at once then good , i prefer a max of 5 open at any one time over a max 20 day trading period.
5: remember , you are paying interest on the total position size for a Long .
good thread though -- hope we see some positive input , instead of all the bagging by those who do not understand CFDs.
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