Sorry there was no post yesterday. I was swamped with work and when I’d finished I’d had enough of staring at a computer screen. You didn’t miss that much anyway. Obviously the FTSE had a good day up well over 100 points, I just wish I could say the same for my positions.
Most of them were up so I was happy, it would’ve been nice if they’d all risen a little more but hey that’s life. As long as they are going up (if there buys of course) I’m happy. I have not made a new trade for a while and I keep checking but nothing is coming up. I did have my eye on Marstons as it had pulled back close to the super trend stop out but it has risen well so far today and I think I’ve missed the boat. Still never mind another opportunity will be along shortly.
I received my monthly statement from CMC yesterday and I’ve decided to share it with you. Those of you that have an old CMC account will be familiar with the format. If you only have a new CMC account then you probably have never seen it before. Why am I adding it to the site. Well as you know I post details of my trades and this is the proof that they are not a work of fiction. They are all genuine trades. Obviously I’ve removed the important details from the statement like, Full name, Address & account number but all the rest is genuine.
I must point out that this statement doesn’t list all the trades that I make. I trade across several different spread betting accounts and this is just one of them. I also trade with Capital spreads, Tradefair, New CMC markets and TDWaterhouse(Formerly E*Trade). As you will see I don’t trade with a massive amount of funds. I never have. It’s actually a lot less now than it was this time last year. That said I do seem to have possibly found my winning way. If you do the maths on this account it’s up nearly 20% this month. If I could continue at that pace I’d be very happy. That said I’m still down 70% or so since I started spread betting back in February 2009 so although 20% up in one month sounds great if you look at it related to the funds I started with it’s around 3.4% up. Still if I could manage 3.4% a month I’d be very happy.
How I said this is only one account. I have my Debenhams , F&C asset management pyramid , Taylor whimpey, Yell and Dimension Data positions open in various other accounts. I doubt I’ll make a regular thing of sharing my monthly statements mainly because of the extra time aspect involved and if CMC do stop there market maker accounts in new year then the nice HTML format statements will stop and It will take me even longer to add them to the site. That said I’ll see how it goes at the end of the month, but I’m making no promises.
With being busy I’ve not had the time to respond to people over on the forum. I’ll try and get round to that at some point today or this evening. Thanks again to all involved with the new spread betting strategy I think it’s turning out to be an interesting exercise for all involved.
Until next time,
“May the markets be with you!”
Spread betting beginner