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
