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

November 24, 2010 by Harry
Category: Spread Betting Strategies
Tags: CMC markets, FTSE, malcolm pryor, spread betting, Vodafone