Not that much to report today. No new trades and no new stop outs. I’ve been moving up my stops on my open positions in line with my super trend strategy but other than that it’s all quiet on the western front. I have been looking for new trades, when I’ve had the time, but nothing is standing out. I think no new trades also reflects my own uncertainty about where the overall market is going. Not that I’m ever certain about where it’s going but at the moment I’m more uncertain than ever. I am slightly nervous about the FTSE 100. It’s not passing 6000 as convincingly as I’d like and with everything else that’s going on in Egypt etc. I’ve become slightly bearish. So much so that I’ve reduced my exposure of my pension to the FTSE all share index. Maybe the wrong decision but hey I’ll be making less if the markets carry on rising but I’ll be losing less if they decide to fall.


Hopefully the site is a little quicker now but it’s still not perfect. I’ll be keeping an eye and trying to make improvements as necessary.


I hopefully should have some time tomorrow to move the new spread betting strategy forward over in the forum and Engulfing_Trader I haven’t forgotten about your request. I’ll try and make time to look into that tomorrow also.


Until next time,
“May the markets be with you!”
The Spread Betting Beginner

February 1, 2011 by Harry
Category: blog
Tags: Egypt, FTSE 100, FTSE all share