Well the markets put in there best day for quite some time. The FTSE has rallied over 140 points which is probably the best day it’s had in the last month or so. With it my position in Amlin rose by 12 points breaking through it’s 20 day high in the process. Maybe this will be a sign of things to come as we enter the Christmas period. I was hoping to move my stop on Amlin on Friday but the chart didn’t tell me to, so I had to leave it where it was. Today however is different. I’m notching up my stop in my Capital Spreads spread betting account by a whopping 4 points. Still it’s 4 points less risk which is always good. Hopefully the upwards move continues.
I had a look for new trades earlier but none came along that met my trading criteria. Maybe tomorrow things will be different. With no new trades there isn’t much else to share. I’m going to start developing my trading plan, something that I have been putting off for far to long. It’s time I got things written down to help me out when I need it. The only problem is I don’t know where to start. Anyone have any ideas? If you do please do share them. I’m thinking that a good idea might be to start a new topic on the form that everyone can pitch in with. This way we all have a voice and can all chip in our own ideas. If you’re not already a forum member and want to joint then please do get in touch. I’ve changed the forum registration process to stop the wrong people registering. I now have to manually approve your registration and without me doing it you wont be able to post anything e-mail me at the following address and I will approve your registration email@example.com.
I’ll probably also write about the trading plan development in my blog posts so I have something to write about on a daily basis, and you never know your luck it might even turn out to be quite interesting.
Until next time,
“May the markets be with you!”
The Spread Betting Beginner