Category: Spread Betting Strategies

Today I’ve been swamped with work and have had no time to look for new trades so I don’t really have much to report on the trading front.

Hopefully I’ll get some time over the weekend to move our new spread betting strategy forward over on the forum. To be honest I’ve forgotten where we had gotten up to and I will need to refresh my memory before we progress. It would be nice to get it finished and maybe paper trade it to see if it would be a profitable strategy or not. How I said I should get chance to take a look at the weekend.

That’s all from me for now. I hope you’ve all had a good week of spread betting and I hope you have a great weekend.

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

A pretty mediocre day in the markets. Not much happening. Most of my positions fell back a little. Persimmon fell a few points (currently down around 4 points). Still I can handle a 4 point drop if it’s preceded with a 30 point rise. I could definitely get used to it 😉

I’ve made another new trade today. I can’t believe it two trades inside a week. I waited ages for a trade then two opportunities come along at once. The new trade is Punch taverns. It’s a super trend cross with a possible bounce off support. I brought at 67.2 with a stop at 59. Luckily for me I brought just before the price dropped 2 points, doh! Still if I new it was going to drop I’d be a millionaire already.

There isn’t really much else to report for the moment. Which is probably a good thing as I don’t have much time anyway. I posted on the forum to try and keep the new spread betting strategy moving along. Let me know what you think about my suggestion. If you want to join in the discussion you need to register on the spread betting forum.

Until next time,
“May the markets be with you!”
Spread betting beginner

I have a bit of a confession to make. I’ve kind of taken my eye off my trades this past few days. With updating the site, work family etc my spread betting has been neglected. Fortunately it’s turned out ok so far but it could’ve easily been much worse and still could get worse. It’s something that I need to sort out for myself. I think I need to give more time to my spread betting and update the site when I get the time. Don’t worry I’ll still be blogging regularly but adding more to the rest of the site might take a bit of a back seat for now.

So what has happened. I have a new position in Persimmon. I thought I’d posted previously that I placed a buy order at 340 with a stop at 330, but I can’t seem to find it. Anyway I placed the order and it executed on the 23rd of November. I checked the charts today and the super trend value is 337.06 so I’ve moved my stop to 336. So I currently have a £4 risk on this position. It’s a support buy, pretty much the same as I did previously. If I had been checking the charts properly recently I would’ve also seen that It came close to the super trend level which is also a buy signal for me. Anyway so far it’s turned out ok. I think it’s currently £17 in profit but I have an open risk of £4 and I will trail the stop based on the super trend value. Here’s hoping price recovers to its 2007 high of around 1500 a share. Not very likely but hey, you never know.

Other than that I think the rest are taking care of themselves. My pyramids are holding up so far and I’m hoping before too long I’ll be moving stops on them to start locking in profit.

I’m actually quite surprised that most of my positions have held up today considering the FTSE has tanked nearly 100 points so far today. Maybe I’ve spoken too soon. I hope not!

Oh and in case you were wondering if I’ve heard back from my spread betting firm (CMC markets) about the Northern foods merger question. You probably know the answer already. No! Not a great advert for their customer service I have to say. Still maybe there is a reason behind it. Maybe my e-mails are caught by their SPAM filter. I don’t know. When I know more I’ll let you know.

Have a great weekend everyone. I’ll catch you all Monday. Unless I see you in the forum before then. Thanks again to everyone joining in the new spread betting strategy topic. It’s certainly got people thinking.

Until next time,
“May the markets be with you!”
Spread betting beginner

I don’t have a lot of time today so this is going to be brief.

Firstly a big thank you to everyone that is participating in developing a new strategy over on the forum. If you want to join in the fun please feel free.

Off the lip I’ve seen your latest post but don’t have time right now to read it properly. I’ll try and take a look later and then post a reply rather than rushing it now.

Most of my positions have risen today. I’ll check later if I can move any stops. Debenhams and F&C pyramids are both doing nicely. There’s a long way to go for both of them but hey they have to start somewhere. No new trades, nothing is jumping off the page at me lately. Maybe tomorrow will be different.

That’s all for today, Told you it would be brief.

Until next time,
“May the markets be with you!”
Spread betting beginner

Well another trading day has been and gone. It’s been a bit of a better day with the FTSE rising 80 odd points. My position in Vodafone stopped out yesterday for a loss of £5. It actually closed out before the end of trading so my slippage concerns weren’t needed after all.

I’ve still had no reply from my spread betting firm (CMC markets) about the northern foods merger. I wonder will they respond tomorrow? It’s certainly not a great advert for their customer service. I’m still considering to move from them. I haven’t decided who too yet but when I do I’ll let you know.

I’ve also decided against purchasing one of Malcolm Pryors DVDs. It’s probably a bit too costly especially with it being Christmas. Maybe I’ll consider it again in the new year.

No new trades today. At the moment there is nothing that seems terribly appealing to me. I’m in no hurry to trade anyway, I know that an opportunity will come along soon.

I was thinking of trying to develop a new strategy, with help from you, if that’s ok. It will mainly be for a bit of fun, but who knows maybe we’ll create a profitable strategy together. I’ve started a new forum post and added the first, of many, criteria for a trade setup. I’ve stipulated that we will buy only when price is above the 200 day EMA (Exponential moving average) and sell only when the price is below the 200 day EMA. Now I’m throwing it open to the floor. Add what you want, It’s on a first come first served basis, so you cant add conflicting conditions. Hopefully it will be a bit of fun and useful for us all to learn a little more on what is required to develop a strategy. Thanks in advance for your participation.

Until next time,
“May the markets be with you!”
Spread betting beginner