Springer also suggested he would prefer me to stop gambling, betting.
Is what he does (hes making the moolah I know ) not is some way shape or form somewhat similar to gambling? Care to comment , Springbro?
Stock Trading in Cambodia
- springrain
- I'm on 3000; na na, na na na
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Yes, it is, Jep, it's the same.
'History is a set of lies agreed upon.'
Attributed to Napoleon
Attributed to Napoleon
Good one mate ,..I'm pleased we are on the same page,...carry on.
- springrain
- I'm on 3000; na na, na na na
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Dear SD,
I said that it is wise to read what people of influence in the world of economics & finance have to say. I refute your claim that I am ‘clueless’.
Here are some trades that I placed based on this premise (that when people of influence speak, it is wise to listen):
4th June, 2019
David Malpass, the WBG President, said that global Economic Growth markets were set to weaken to 2.6%.
As a result, I opened a short position on the Nikkei (I have my reasons for this) at 20,749 on 6th June. I closed this out on 5th August at 20,200 (or so).
5th June, 2019
Christine Legarde said: ‘…escalating tariff threats … could slow growth.’
As a consequence, I opened a short position on the DJIA at 26035. I closed it out on 5th August (I like to allow 2 months for maximum potential before other factors kick in) at a position of 25576.
Brexit
Going way back to the events of 23/6/2016, I felt that it would be close and we (Brexit wanters) might even get the result we desired. I was cautious and only opened a smallish position, but I went short on the GBP/USD pair and allowed a smallish trade on a long position on the FTSE, knowing that its heavy composition of multi nationals such as miners would mean a gain from the GBP’s weakness.
I understand that your post was dominated by your idee fixe that:’Springrain is mad and anti-capitalist’ (which is not far off) but kindly think twice before asserting that I am ‘clueless’ about trading. Many thanks.
Oh, lest I forget, my post would not be complete without a demonstration of the truth of what I am saying:
When people involved in making economic decisions speak, it is wise to listen. So here is a tip:
On 19th August (Yes, just 3 days ago) the Bundesbank announced:
Germany is on the brink of recession (I have paraphrased slightly).
The Dax stands (at 7.05PM Cambodian time) at 11,835.It is edging up.
I advise a smallish ‘short’ position if it rises to 11,870. It is currently showing signs of ‘indecision & uncertainty’, so I would be looking to short it pretty soon. Please, if you do take a position, have a clear ‘exit strategy’.
Actually, I will do it now, but I don’t want to state publicly on an internet forum in case some poor sod does this and loses; hence the cautionary tone.
From a ‘clueless’ trader.
'History is a set of lies agreed upon.'
Attributed to Napoleon
Attributed to Napoleon
^ great knock Springer, mate,..im sure I heard SD yelping, running back to his kennel
- springrain
- I'm on 3000; na na, na na na
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- Joined: Tue Sep 23, 2014 3:25 pm
I;m monitoring it live right now:
The DAX has just dropped 100 points in the last few minutes. Things are moving very fast, but at 7.10 PM Cambodian time, it stands at 11,708.
The DAX has just dropped 100 points in the last few minutes. Things are moving very fast, but at 7.10 PM Cambodian time, it stands at 11,708.
'History is a set of lies agreed upon.'
Attributed to Napoleon
Attributed to Napoleon
- springrain
- I'm on 3000; na na, na na na
- Reactions: 48
- Posts: 3023
- Joined: Tue Sep 23, 2014 3:25 pm
OK, I'm out of this trade; I have just exited at 11,675 - a profit of 150 points (or so) times my entry stake (which, of course, I'm not going to reveal). I entered at around 11,825.
I am not greedy and one doesn't wish to gloat or boast.
Forgive me, I merely wanted to make a point.
Good luck all!
I am not greedy and one doesn't wish to gloat or boast.
Forgive me, I merely wanted to make a point.
Good luck all!
'History is a set of lies agreed upon.'
Attributed to Napoleon
Attributed to Napoleon
Aaah, you're a better man than I, Gunga Din.springrain wrote: ↑Fri Aug 23, 2019 7:47 pmOK, I'm out of this trade; I have just exited at 11,675 - a profit of 150 points (or so) times my entry stake (which, of course, I'm not going to reveal). I entered at around 11,825.
I am not greedy and one doesn't wish to gloat or boast.
Forgive me, I merely wanted to make a point.
Good luck all!
TheGrimReaper wrote: ↑Mon Sep 02, 2019 1:45 pmSlavedog, you do not belong on this forum as you talk too much sense.
The last I looked Cambodia had not signed on with the OECD CRS reporting. So this is why some guys might ask this question. The person who asked indicates he is American, maybe not so. I wish people would just reply to the asked questions.LexusSchmexus wrote: ↑Thu Dec 05, 2013 9:10 amI don't understand why we get questions like that on a regular basis. Just use your normal broker. Or is that not allowed for Americans? Will they IP block you if you're logging in while n a foreign country? If you already have a trading platform setup, then just keep using it. They'll still send you tax forms to fill out, why would they care where you trade from? Keep in mind: I tried daytrading for a very short time here. Wasn't worth it IMO. If you want to do some swing-trading or more long-term stuff then it's fine, but intra-day is pretty rough for no reason given the timezone difference (if you want to trade US exchanges).
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