F&C asset management a good or bad pyramid? - November 15, 2010 by Harry

Another fairly quiet day of trading, well for me anyway. Only really one thing to report and that is my F&C asset management position pyramided today. I’m now long £2 per point with both stops set at 69. The new position was set to buy in at 72 but again good old CMC markets suffered slippage. Still as long as it’s in my favour then I don’t mind it. They’re probably trying to compensate for the massive slippage I faced in EAGA a few weeks ago. Anyway, the new F&C position opened at 71.802. The position is currently sitting around a 10p loss. Hopefully the recent upswing will continue and present more pyramiding opportunities with it along the way. Only time will tell.

 

3i Infrastructure has finally started to move. It’s currently making new highs not seen since September 2008. Obviously the price has spent the last few months consolidating and is hopefully now gearing up for a new move. I just hope it’s an upward move. This buy was more of an experiment than anything else. The price was close to the super trend stop value and I thought I’d give it ago. The stock could be at the price it’s worth but who knows. Maybe the recent move is because of a take over rumour, I wish it was. Hey here’s an idea lets start a rumour that 3i Infrastructure is about to be the target for a take over bit at £10 per share. I wonder would that work? Doubtful, still would be nice if it did.

 

Thanks to everyone with their continued support via e-mail and over on the forum. I really do appreciate it. Offthelip thanks for the e-mail I will get to your request as soon as I get chance. If your wondering what the request was it’s for my super trend construction page. It’s not quite finished yet but it will be soon. When it’s done I’ll post a link on the blog to let you know.

 

One other thing before I go, I stumbled across spread betting forum . Net today. I’ve posted a request over on my own spread betting forum if anyone can help me let me know.

 

 

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

What will Yell do? - November 9, 2010 by Harry

Another fairly quiet day today on the trading front. It’s sods law that I sold out of my bank of Ireland position yesterday at pretty much the low of the day. Still I’m out of it now and that’s that. There will be other opportunities.

 

My Yell position stopped out today at 12.74. Another example of slippage in action although this time it was a lot less drastic than when it happened to me with EAGA. Persimmon is ticking over nicely. As I write this it’s currently around 372. If it stays this way until the end of the day I will be able to move my stop on the position. I’m currently employing a 1.5x ATR(14) trailing stop. Last time I checked this put my stop around 17.5 points away from price. It may have changed as the ATR is calculated based on the price movements. Still We’ll see what happens at the end of the day. I can’t tell you what the new stop level might be but you can always check my open trades for the latest figures.

 

I’m not sure what to do about Yell at the moment. I quite fancy it as a potential riser. I think I may hold fire. Possibly place an order to buy at 10p with a stop set at 0. Don’t know yet. I’ll have a think and see what I want to do over the next few days.

 

Most of my other positions aren’t upto that much. F&C are up a few points so I may be looking to move my stop on them again later. All the others seem to be treading water at the moment, which is fine as long as they shoot upwards afterwards 😉

 

Thanks to bigAl60 for his latest update on the forum. It will be interesting to follow a fellow spread bettor to see how it pans out for him over the coming months.

 

I have also started a couple of new topics on the forum myself. They relate to Spread betting strategy development and spread betting tips that you can share with others. When I say spread betting tips I’m not talking BUY BP @ 350p more useful tips and tricks that you have learnt on your own spread betting journey. My goal for both of these topics is to eventually turn them into extra content for the site so all new comers or “Spread betting beginners” can learn from our collective experiences. So if you do get chance please take a look and add whatever extras you want to.

 

Reading Tony Lotons blog I see he has also spotted spread betting traders blog. It will be very interesting to see how it pans out over the next few months. I’m sure Tony himself will be watching with an eager eye.

 

Spread betting DVDs

 

 

 

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

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