Works still really busy while I play catch up after having a few days off, so I don’t have loads of time to spare today.
I had one stop out today and made one new trade. Firstly the stop out was in Debenhams. I was stopped out at 68.696 so yet again I suffered slippage. I know it’s only 0.3 points but still it all adds up. This was in my new CMC account where I have suffered some of the worst slippage in terms of how frequently it occurs. The new CMC account does have reasonably tight spreads but even so I’m not sure if this makes up for the amount of slippage I’m suffering.
My new trade is in Ladbrokes. It’s a super trend buy at 128.7 with a stop set at 122. I decided to open this position in my Tradefair account. Although the spread was slightly larger I seem to have suffered less slippage with them than CMC so I thought I’d place the trade with them instead. I liked the look of Ladbrokes and although the share has been in a slight down trend there is a potential double or even triple bottom formation with the low made back in July, the end of November and the most recent low made at the end of December. So this is all in keeping with my strategy. Will it pan out ok? Well only time will answer that question.
I’ve added a new section to the site called market comments. This is basically some comments from Capital Spreads and SpreadEx about what the markets are doing. Some of it makes interesting reading and I thought you might like to read it so I’ve added it to the site. This should be updated everyday but it’s really out of my hands as it comes from Capital Spreads and SpreadEx themselves. I usually get the commentary in the morning so as soon as I get it I’ll add it to the site.
Thanks for the continued feedback about the speed of the site. I suspect it’s something to do with my hosting provider as some days it seems fine others it’s really slow. I’ll be contacting them about sorting it out so hopefully I’ll get this sorted ASAP!
Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner
Harry you need to report the slippage on the thread over on T2W forum here: http://www.trade2win.com/boards/spread-betting/111238-cmc-markets-owner-answers-your-questions-10.html#post1381780
The guy in that forum works for CMC and he WANTS people to give them feedback on the new platform. Get it out in the open on a public forum and see if you get answers about constant slippage on the new CMC software.
Happy trading! 😉
Thanks for the advice spread betting trader. I know which thread you mean. I actually PM’d the guy you are talking about back when I was trying to get my Northern foods question answered. The guy is Peter Cruddas. He didn’t respond to me personally but he passed it onto his Digital Manager for the UK who was very helpful in getting it sorted. You may remember I spoke to someone on the phone regarding my issues with slippage etc. and I found out that they take into account the volume of the stock that is available, therefore slippage can occur. I think if I post about the constant slippage I’ll just get the same response. I’ll see how it goes but if it continues then I may mention it over on the T2W forum or I’ll just take my custom elsewhere.
I thought it may be worth mentioning in that forum because no-one else seems to have brought the issue up yet and I’d be interested in Peters public response.