Not Sure what’s going on with comments at the minute. I no longer get an error when I moderate them but it doesn’t seem to add them to the blog so I’m posting them as an entry again.

Hi Spread Betting Beginner

Neil 

Neil I do use tradefair and I think for it’s ease of use and low spreads it’s one of the most competative platforms out there. If you do decide to open an account with them please let me know. I can get a refer a friend link from them so you will get £100 and I will get a little something too. You can just get the £100 anyway without me but please let me refer you as a friend so we both get somthing out of it. 😉

Anyway thanks for the comment Neil. I’ll try and get the screeners on here as soon as I can.

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

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

Well, well, well. The FTSE 100 was down now it’s up and just passed the 5000. It would be sods law that the markets start to rise again from here. I think however this rally of the last two days may be short lived, but who knows.

Two of my nine potential orders have executed so far today. With the markets currently rising I would be very surprised if any more execute before the end of the day. If they don’t they don’t and the orders will be cancelled. I will look for more downtrending stocks tonight and place any orders that are necessary.

The two orders that fired are Thomas Cook at 179.5 with a stop at 186.5 so a £7 risk and Aegis at 106  with a stop at 109 so a £3 risk. Both of these are sell orders as my weekly analysis suggests that the overall market is trending down.

I have created some stock screeners to find my potential trades which I will try and post in the strategies section later this week or at the weekend. So Neil you should be able to access these this after this weekend if you want to. The code I will be posting is for use in proRealTime. I have written an indicator and then a stock screener based on this indicator. You’ll see what I mean when I post them.

That’s about all for me. Hopefully my sell positions opened today will come off but we’ll find out soon enough. I plan to keep these trades open for a few days or weeks. If my trending signals go away then I will exit the trade as soon as I can. How I said earlier I haven’t decided how to trail my stop as of yet so I may be expermenting with this, I need to have a trade move into profit first though.

This is the last post for today. I will probably post again tomorrow with any potential orders for the day.

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

I had some time this morning so I’ve placed some new orders for today

I have 9 in total. All of them are sells and all are possible downtrending stocks. The aim is to try and get a piece of the down trend.

All of these have been slected using a strategy from Malcolm Pryors,The Financial Spread Betting Handbook: A Guide to Making Money Trading Spread Bets

The one part of the startegy I may alter is when/how to move my stops. The strategy suggests keeping the position open until the trend goes away. I will monitor this and see what I think may work best for me. I may trail the stop by a factor of ATR or I may wait until I reach twice my initial risk in profit then trail my stop based on the high of the previous 3 or 4 days. I’m not sure yet what to do for the best, so I may be experimenting with this part of the strategy. That is of course if any of these orders execute.

Anyway I’m not sure if I’ll update later or not. Just depends if I get time or not

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

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

Had a bitch of a day at work today and don’t have time to write too much.

BATM closed out at 20 today for a £4.10 loss. Surprising since the FTSE 100 rallied so much. None of my short orders executed today, no surprise there either.

I’ll look for new orders later if I get time. If I don’t get time then I’ll look in the morning or I’ll wait untill the end of tomorrow. Just depends.

There was a broken link in my blog entry containing a comment from Tony Loton. If you’re wondering what this is about you can check it out here

That’s all for today. Hopefully I’ll have more time tomorrow.

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

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

For some reason the comments on my blog have gone all screwy. The blog will not let me publish them via its moderation, and I tried to add a comment myself to include the comment left by someone else, and it seemed to work fine at first but then just removed the comment. Apparently Google are aware of the problem and have known about for 6 weeks or so, and are working on a fix.

So for now I am positng the comment from yetsreday as a new blog entry. It may be best if you e-mail me to avoid any comments getting lost unitl the problem is fixed. If you do post a comment an I don’t add it manually then it means I have never received it.

Anyway. Below is a comment that Tony Loton left ysterday.

Since you’re also into software development (well, you mentioned VB) you might be interested in what you can do with Yahoo! Pipes for extracting information from financial web sites etc.

Tony.

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