Yeah, now I know. I was enticed by the leverage, and I couldn’t find a platform that does option initially (but now I do know about Plus500). So I thought why not give Cfds a try, and was told that they use the spread from Bloomsberg so thought it wouldn’t be that bad, I was wrong and lost money.

Yeah, I know the risk associated with Cfds. And I couldn’t find another platform better than 212

Yes, I learn it the hard way today. I’m well aware that the approach is not perfect, as I was experimenting and iterating strategies that looks plausible, but today’s loss was purely due to greed; as i was up £300 at the start. So regardless, I realise at the moment I’m still way too bad at trading

I did not use TA for most of them, I read the news and DCF. First strategy was to target companies with low cash flow and high debt, which kinda work. The second that caused me all the loses was TA, so you are right. Or maybe it’s because I’m not experienced in TA; who knows.

Yes, because that’s a lot to me at this moment of time.

Can’t disagree, I was tempted by the idea of day trading and using 5x to quicken the earning process. It was a bad decision but I don’t regret as it was a needed lesson that I won’t repeat

My bank said otherwise

Yes, my plan is to find a proper job and put a portion in a mutual fund

Yes, unfortunately I’m in need to find a source of income soon, and desperate times causes high risk taking

Thanks, I did not touch option but I did leverage cfd as a trial. Tried different strategies but I was not capable to execute it as plan.

https://preview.redd.it/m5dn71md9p8a1.png?width=1170&format=png&auto=webp&s=2b0b7eac9c2d5ec7a735457031125a46908800a9

There you go, it was 5x leverage.