What a day. Today is probably the first day I have ever come any where near to making my £100 a day target. I made a total combined profit today of £64.60. This is by far the biggest single day profit ever for me. It’s all down to one stock. Misys. The price shot up today to around 427 before dropping off a little. As luck would have it I logged into my Saturn trader account with SpreadCo and saw the events unfold. Now I’ve seen price spikes like this in the past but I’ve never had the fortune to be in on the trade when it’s taken place. My first reaction was sell before it falls all the way back to 390, fortunately I didn’t. I had a word with myself and told myself I am trading a strategy here and I should stick to it. I think the stock has more room for rises so I’m still in the game. It looks like my pyramid that I was moaning a bit about yesterday could’ve been a good move after all. How I said I went long again at 388 so from there on I’m £2 per point. If the price retraces I’ll be looking to potentially pyramid again if the circumstances are right.
My other positions did not fare quite so well. My short positions lost ground today, still it could present potential pyramiding opportunities. We’ll see what happens. I did want to write more today but the misses isn’t very well so I need to cut it short and go look after her.
I hope you had as good a day as I did!
Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner
