Just messing around with my demo today and thank GOD I did. Had 28K short on $GHSI and was up $7K unrealized. I executed this trade with a limit order and I got out with a market order with a $19K loss. Unbeknownst to me, which I thought I knew how to trade, but obviously I'm still learning. When there is a 50 cent spread between the bid and ask, you can't just hit market order and expect to get filled at your desired price. I was confused on the way CFD's worked. You can use a market order when the spread is 1 cent or 3 cents and get filled at a decent price because that's how Tradenet works. I think it's 4 cents??? Anyway, I'm glad this was just a demo trade and I learned this before I use the real money account of $14K with a drawdown of $700.
don’t focus on the money. focus on a process. Start with small size until you can prove to yourself, you can consistently make money
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