wrcmad said:
ATM a 40c move in spot when trading CFD's is equivalent to 230% ROC - the Silver 500oz mini contract is leveraged with only 1% margin and 50% slippage factor.
230% in 4hrs is pretty fkn good in my books.
:lol:
This is the sort of 'theoretical return' spruiking I'd expect from the newsletter selling gold pumpers. You know better than that wrcmad
A) SilverSale wrote his 'perfect analysis' post before the peak was reached,
so it was more like a 20-30c move by the time he claimed victory.
B) 230% is a magnificent return in 4 hours, but chances of getting in at exact bottom and top of a trading session are slim.
C) Making a 230% return in 4 hours is easy with that sort of leverage if you give it enough tries. You would need to be consistent with your calls for it to be impressive.