Sorry for no post on Friday. I was away over the weekend and I thought I would have a little time Friday evening to update but it turned out to be busier than I expected.

There wasn’t much to report anyway. No new trades. My pyramids were just about holding their heads above water and Vodafone had yet to do anything. The best news on Friday was Meggit. Although I don’t have an open spread bet on Meggit I do have shares. They jumped from around 324 to 336. So I was happy with that.

Today is much the same. The day started well and so full of promise but ended worse. Meggit had increased to 345 in early trading but ended the day falling back to 334. Debenhams started to rise then fell back as did Vodafone. F&C hasn’t done much be at least my new pyramid is showing a small profit. Yell is also showing a small profit and I took the decision to move my stop to 7 from 2 thus reducing my risk from 8 to 3. I’ve yet to check if I can move any other stops but I doubt it. I’ll have a look later to see if there any potential trades for tomorrow.

Thanks to Spreadbettingtrader for his posts over on the forum. Hopefully the change I made fixed the problem with the code. If there are any more issues or any other feedback please post a reply over on the forum.

I think that’s all from me for today. I’m quite busy with work at the moment so my posting over the next week or so may be a slightly unusual times. It will basically be when I get chance to do so.

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

You may or may not have noticed my forum post earlier today. If you did see the news about Northern foods I’m still not sure what will happen. I suspect I will be traded out of the position and that will be that. I’m not sure when this will happen, I suspect my spread betting firm, CMC markets, will e-mail me at some point. Then again maybe not. Knowing what happened with another spread betting firm when a company went through a rights issue I was traded out and that was that.

If any one does know what happens in this circumstance please post a reply over on the forum. Thanks!

You may recall I mentioned yesterday that most of the possible super trend cross overs were short opportunities. Well I haven’t placed a new trade, Yet anyway! I haven’t had that much time to look at the charts more closely and I’d rather not rush into anything like Spread Betting Trader did the other day. I should have a little time tonight so I may take more of a look then.

Back on the Northern foods merger news. I think it’s quite funny that I tried to start a rumour about a 3i Infrastructure the other day and it turns out a similar thing was going on for Northern foods. Maybe I should try and start rumours for all the spread bets I currently have open. Don’t laugh, It might work!

My pyramids seem to be holding up so far. F&C asset management has just moved into profit today while Debenhams is showing a slight loss. I took the opportunity to move my stop on 3i Infrastructure in line with the super trend stop. It now stands at just under breakeven, that is of course assuming no slippage occurs. I think that’s about all from me for today.

Oh actually one last thing. Thanks to BigAl for his continued posts about his trading over on the forum. BigAl has kindly agreed to share his spread betting trades with us all and you can view them here. If you have any questions about his trades please post them as a reply to one of his entries in his trading diary

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

I thought I’d write a quick post to let you all know that I’ve added my super trend strategy to the site today. It’s a work in progress and I have yet to add more detail about the construction of the indicator. You can take a look at the strategy here and leave me any feedback you might have here.

I’ll try and get the super trend indicator construction page added to the site as soon as I can.

Thanks to all in advance.
Enjoy the rest of your weekend.

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

Well after a rocky start to the day it would seem that the FTSE will be possibly be closing around the same price it opened. With the sharp drop in the FTSE this morning came the inevitable stop outs. Although I only had one stop out, persimmon stopped at my level of 354.63 precisely, no slippage this time. The price has recovered some since then and is currently around 357. If it continues to rise from here then so be. Another opportunity will be along shortly. I am thinking to place the same buy order for persimmon again. It would seem the support zone I identified held up and could do so again. I’ll have a think over the weekend and see what I want to do.

My order for yell executed this morning, I did suffer some slight slippage here although this time it’s in my favour. I set my buy order for 10p and it was filled at 9.996. That’s right I saved 0.004p. Get in!. Which at £1 per point is £0.004. I really don’t understand why the spread betting firm have such accurate pricing. I guess if your trading at £10 or even the maximum £60 per point on yell then it makes a bit of difference. If you can afford to trade at £60 per point on a spread bet are you really going to be bothered about £0.24. Probably not. Anyway I digress, So Yell kicked in at 10p with a stop set at 2p, so £8 risk. It’s not super trend buy I’ve just bought it because it looks very cheap, more of punt, which is why I will be tightening my stop when I get the chance. I will probably look to trail at some factor of ATR(14) probably 2x. You can check my open trades later to see what the new stop level will be. I don’t even know it myself yet.

F&C and Debenhams came tantalisingly close to pyramiding today. F&C is set to buy at 72 and Debenhams is set to buy at 70. These are both within 5% of the super trend stop which is part of my super trend strategy. I’ll try and get this finished/typed up at the weekend so I can add it to the strategies section. Just depends if I get time or not.

Thanks to Stevie and Spread betting trader for leaving comments. Stevie I’ve answered your question over on the forum. I know I keep pushing the forum but please do join. It’s a great way to share your experiences and information and also learn about others experiences and mistakes so we can all avoid making the same ones.

On a complete side note to all things trading I was cheered up when I seen that Alan Partridge has a new online series sponsored by Fosters beer. I don’t know if you like Alan Partridge but I loved the two TV series. The new series doesn’t seem as good as the TV series but it’s still funny in parts. The video should be below if you fancy watching it.

That’s all from me. I’m not sure if I’ll get chance to update over the weekend, just depends if I get time or not.

Have a great weekend everyone.

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

Another quiet day on the trading front. The most exciting thing that happened all day is Luminar stopped out. My stop was hit at 15p (no slippage this time) so I made a whopping £0 on the trade. Still better than a loss, and because the share is so cheap I’ve paid £0 in rolling charges the whole time it’s been open. So it was a scratched trade. Tomorrow is another day. More opportunities will come along.

Speaking of opportunities I had a phone call today from Alexander Stark of ENEQ investments. Basically trying to get me to invest in the stock that they believe is the next big thing. It could well be but If the guy thinks he can just phone me and expect me to be signing over a few grand of my hard earned £££s then he’s got another thing coming. The thing is he told me the name of the company they are tipping, so why would I bother to give him my money to invest and let them take their 3% cut of any profit I make. I’ve got it on my watch list with my spread betting company to see how it performs. It will be interesting to find out.

Oh in case you were wondering what the stock is I’ll tell you if I get two new members on the forum by tomorrow. Or Should I just tell you now? Ok I’ll tell you now but please do go and register on the forum if you haven’t already. I’m sure in the long run it will be well worth it.

The company they are tipping is Chesapeake Energy Corporation (CHK). I know what your thinking, never heard of them. Neither have I. They are a US energy based company. They basically find oil and Gas etc. Apparently Shell have recently acquired a 25% stake in them and another company have supposedly expressed interest in them, so they could be a take over target. To be honest what the guy said to me on the phone all makes perfect sense, and I can see why it could potentially be a good investment. The thing is when the guy is telling me all this it just sounds as if he’s reading his set list that he reads to everyone. He said he would call me back and I had over 10 missed calls in one hour which to me just makes him seem a little desperate to part me with my cash. I decided on the back of this to just ignore his calls from now on. If there’s one thing that I’ve learnt through spread betting for the last 18 months or so it’s that there is no such thing as a missed opportunity. There will be another opportunity that comes along tomorrow and who knows it could be even better.

That’s all from me today. It’s only left for me to thank Alan again for his forum posts. You see you come to spread betting beginner.com for a blog from one spread betting beginner now you have two. Please show bigAl some encouragement, join the forum and post a comment on his trading diary.

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