I had some time this morning so I’ve placed some new orders for today
|
Name
|
Order
|
Open
|
Stop
|
|
Debenhams
|
Sell
|
56.5
|
61.5
|
|
Galiform
|
Sell
|
57.5
|
63.5
|
|
Punch Taverns
|
Sell
|
63
|
69
|
|
Aegis
|
Sell
|
106
|
109
|
|
Paragon
|
Sell
|
118.5
|
124
|
|
Thomas Cook
|
Sell
|
179.5
|
186.5
|
|
TUI Travel
|
Sell
|
209.5
|
217.5
|
|
Cobham
|
Sell
|
213.5
|
222
|
|
Home Retail
|
Sell
|
215
|
224.5
|
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
