Recent content by stun

Bearish Divergance on Chart, down today? Can't work out a pre-open sell bid as looks likely to open above significant support at 5350. Did have an sell order at 5349 but have pulled it.

Thanks for your thoughts D-Line, what is RTH?

Thanks Bronte, I must have misread the post as post-event advice that you went short from the open. Must say, my pre-open sell order at 5397 never got close to being hit. I should have posted my order intention here prior to 0850, but will try to remember before my next pre-open order. But...

Where did you have your sell order Bronte? When did you take profit?

Thanks A lot guys. Much appreciated. MY CFD account, Business Bank Account and my personal name are all exactly the same, as the simplest form of sole trader. And yes, I see no reason not to use GLV (Gross Liquidation Value) of the CFD account as the current cash balance at any point in time...

Ahhh, so I just add my CFD account balance to business bank Balance at any given time then?

My sole trader business account where I track incomings and outgoings for profit/loss and tax purposes

Thanks for that. I can see now that no financial change has been made so that makes sense, thanks. How do I then account for the future loss or gain in my CFD trading account? Do I have to reconcile it back to my account somehow? or is the transfer one sided indefinately? What if I double it...

Hi there, I have set up a business as a sole trader. I intend to trade CFD's as well as consulting as an engineer. I have funded my CFD account from my business bank account. How do I represent this transaction in my business accounts? Is it an expense or is it treated another way? Thanks...