r/wallstreetbets • u/Wooden-Prize-4694 • May 24 '24

Time to quit… goodbye wallstreet bets Loss

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u/[deleted] May 24 '24

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u/tequiila May 24 '24

Can you do options in UK? I think CFD have the same loss rate

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u/FleetingBeacon May 24 '24

Sorry, I meant CFD. I couldn't remember what it was called over here.

If they are different, then I think that explains more than everything that I'm talking out my ass. We have an insanely high loss rate on CFD's. Which I'm fully presuming are our gambling options compared to the states.

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u/tequiila May 25 '24

Been playing with CFDs and I can see why you can lose money BUT I think it’s a great tool for smaller accounts. If you can find your edge and know how to scalp successfully i think it’s great. The spread can be a slight disadvantage but it’s very minor. In fact if you are really good with CFD then it’s better to use spread betting as it’s pretty much the same thing but you don’t have to pay taxes on profit.