My position in International consolidated air stopped out today at 240.757 just below my stop price at 241. So I suffered slippage yet again, this time to the tune of 0.243 points. Not massive and certainly nowhere near as much as a guaranteed stop would’ve cost me. The stop out meant a small loss of almost £2. It would’ve been nice to stop out at a profit but hey if I can keep all my losses small like this and keep my winners big then I’ll be a happy bunny. Keeping a loss small is easy it’s the big winners that I have yet to master.
With the markets all over the place at the moment I don’t know where it’s headed so for the time being I am sitting on the side-lines as far as looking for new trades is concerned. I’m quite happy to just monitor my open positions and start to look for new trades when I feel the time is right. The only downside to me doing this is it may get quite boring for you the reader. Therefore I am appealing to all you readers to guest write on the blog. If you spread bet and would like to share you own experiences please do get in touch. I’m sure other people would love to hear the experience you have had.
So all that said the Spread Betting Blog may go quiet, unless someone wants to guest blog in the mean time. I’m going to be enhancing the rest of the site while I have this quiet patch in my trading so keep your eyes open for the new features that will be coming soon.
I also had an e-mail from Capital Spreads today announcing the launch of their new charting package this weekend. The key features of which include:
- Free Strategy Builder allowing you to back test your trading systems
- Free email or MSN alerts which will email or alert you to specific trade setups
- More drawing features such as Fibonacci tools to easily identify key points on the chart
- More time periods such as 2 hours, 4 hours and monthly for confirming short, medium and long term trends
- More history available for shorter time periods for more thorough analysis
- More cursor styles and price display options for ease of navigation
- A snap to high/low feature to identify support and resistance fast
- Many more indicators allowing you to identify the best trade setups
- They are built in flash as opposed to Java allowing more universal access
If you don’t already have an account with Capital Spreads then why not open an account today to take advantage of their new charting package. There is also the exclusive Capital Spreads Offer for Spread Betting Beginner readers which you can read more about on the spread betting offers page.
Oh and one last thing: If you have subscribed to my news letter don’t forget the FTSE100 competition closes this weekend. Please don’t miss out on your chance to win. It will take you less than 5 minutes and as always it’s completely free.
Also I will be teaming up with Your Trading Edge Magazine shortly. They are are an Australian magazine who are just launching in the UK and you can get a years free digital subscription by signing up here. There is no spread betting beginner option in the where did you hear about us option so just select other for now. I think it’s a good magazine and it has a lot of useful and informative information in there so enjoy.
Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner
