Are you profitable? Have you voted yet? If not please do.

Until next time
“May the markets be with you”
Spread Betting Beginner

Are you profitable? Have you voted yet? If not please do.

Having just spent a few hours updating my stratgies and doing my weekly analysis I don’t have time for much else.

I have added the proScreeners with instructions on how to create them. I’ve actually created two indicators first to make it easier to see if the screener is actually working as expected or not. Not that I don’t trust the proRealTime software but writing sortware myself I know how buggy things can be without it ever being spotted.

If you do have a play about with the screeners and make any changes which you see being for the better please let me know and I will share it with everyone else. Also if you have problems creating them let me know and I’ll do my best to help you.

Anyway all that said I am looking for both short and long positions this week. With my analysis suggesting a sideways market I’ll try and keep an even balance between the qty of shorts and longs that I have open at once.

I haven’t looked for my new trades yets but I will try and do it before the market opens on monday.

Oh and I’ve updated my open positions for the first time in a while here

Until next time
“May the markets be with you”
Spread Betting Beginner

Are you profitable? Have you voted yet? If not please do.

Well what a week it’s been.With the FTSE ALL Share up 147pts I think it’s the biggest weekly gain since December 2008. Sods law that it happens when my analysis tells me to start looking for short positions. Anyway as Neil put it in his comment “Onwards and Upwards”. I don’t have alot of time so the rest is going to be fairly short I’ll write a more detailed post tomorrow.

My Pargon order triggered today so I’m sort £1per point. Sell at 126 with a stop at 132. It’s currently showing a slight profit but that will all change next week. Hopefully for the better.

I want to thank Neil, Alan & Tony for the comments left yesterday. I will post my responses to them tomorrow when I have more time.

That’s all, more tomorrow.

Until next time
“May the markets be with you”
Spread Betting Beginner

Are you profitable? Have you voted yet? If not please do.

With the FTSE 100 closing the day around 5100 it makes me wonder where it is heading next. It would seem as soon as I decide I’m looking for short positions all the market does is move the other way against me. It reminds me of something I read in Sally Nicolls Bets and the City. I think she was having lunch with her editor or something (I can’t remember exactly it’s been a while since I read it) and she was having the same trouble as me. He (her editor) suggested that when she was happy with her research into a stock and was confident to place the trade she should place the trade for the opposite of what she thought. It makes me wonder if that would really work?

I doubt it would. It’s an interesting thought though. If I’d placed all my trades to date in the opposite direction and closed them out at my stop position e.g. to take profit where I was placing my stop I would have all my original capital plus I would be in profit by the amount I am curently down. Maybe I should adopt this strategy and bet against myself. It’s certainly an intersting theory but I suspect it’s just that a theory.

With my daily analysis of the FTSE all share still just about suggesting a down trend I have placed two sell orders for tomorrow. These are:

Don’t take my posting here as a trade recommendation. The information contained within this blog is for educational purposes only and should not be taken as advice of any kind. The author of this blog will not accept any responsibily for any loss made by anyone acting or refraining to act as a result of reading material contained within this blog.

Both are currently down trending and have pulled back over the last few days.

I guess we’ll wait and see what happens over the next few days/ weeks with the overall market. To be honest I have no clue what is going to happen, I wish I did. If anyone has any idea or an opinion then please let me know.

Is it just me or does this seem like such hard work? Is anyone finding this easy? If you are please feel free to get in touch.

Until next time
“May the markets be with you”
Spread Betting Beginner

 My position in Thomas cook has stopped out today. With the FTSE 100 rising yet again so far today it’s not surprising. My position in Aegis has come close to stopping out as well but hasn’t just yet.

I have to say trading seems like such hard work at times. When I finally feel like I’m starting to do things right the opposite of what I believe is going to happen happens, I’m not down and out yet but my confidence is taking a battering. Still I need to stick to my guns. I haven’t placed any new orders today but I will probably try and look for some for tomorrow at the end of today.

This may just be a short term rally but then again it may be the end of the recent down turn, who knows. We’ll wait and see on that one.

Not much else to report today. If events change I’ll let you know later.

Until next time
“May the markets be with you”
Spread Betting Beginner