Just when I think I might have a little more time BOOM! I get landed with some work that has to be done as a matter of URGENCY! I still had a chance to take a quick look for new trades but nothing that appealing has cropped up so again it’s no new trades.

I moved some of my stops yesterday in line with my strategy and I’m hoping I’ll be moving some again today. I know Ladbrokes rose quite well today so I’m hoping I’ll be able to tighten that stop. That said I checked it earlier and it had risen well, things could have changes some since then.

I want to thank off the lip for taking the time to e-mail me about site speed issues yesterday. I phoned my web hosting provider and they said there is no issue there end, that they could see at least, and we have enabled the error logs to try and get to the root of the problem. It’s probably something that I’ve done wrong but at the moment I have no clue what’s going on. Still I’ll get to the bottom of it and hopefully get it sorted soon enough. Please bear with me through this, I’ll get it sorted it just might take me a little longer than it usually would.

That’s really it for now, I may get some time later to look through the new spread betting strategy forum posts so I’ll try and get them summarised so we can move forward.

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

Works still really busy while I play catch up after having a few days off, so I don’t have loads of time to spare today.

I had one stop out today and made one new trade. Firstly the stop out was in Debenhams. I was stopped out at 68.696 so yet again I suffered slippage. I know it’s only 0.3 points but still it all adds up. This was in my new CMC account where I have suffered some of the worst slippage in terms of how frequently it occurs. The new CMC account does have reasonably tight spreads but even so I’m not sure if this makes up for the amount of slippage I’m suffering.

My new trade is in Ladbrokes. It’s a super trend buy at 128.7 with a stop set at 122. I decided to open this position in my Tradefair account. Although the spread was slightly larger I seem to have suffered less slippage with them than CMC so I thought I’d place the trade with them instead. I liked the look of Ladbrokes and although the share has been in a slight down trend there is a potential double or even triple bottom formation with the low made back in July, the end of November and the most recent low made at the end of December. So this is all in keeping with my strategy. Will it pan out ok? Well only time will answer that question.

I’ve added a new section to the site called market comments. This is basically some comments from Capital Spreads and SpreadEx about what the markets are doing. Some of it makes interesting reading and I thought you might like to read it so I’ve added it to the site. This should be updated everyday but it’s really out of my hands as it comes from Capital Spreads and SpreadEx themselves. I usually get the commentary in the morning so as soon as I get it I’ll add it to the site.

Thanks for the continued feedback about the speed of the site. I suspect it’s something to do with my hosting provider as some days it seems fine others it’s really slow. I’ll be contacting them about sorting it out so hopefully I’ll get this sorted ASAP!

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