After stating on Sundays post that I wasn't going to rush into any new trades in account 2, Monday presented me with no less than ten new opportunities for the position trading strategy!
I'm not going to list all of them here, but a couple of them were rebuys that had fallen below previously held stops. The FTSE fell by dinnertime so I made most of the new buys during my dinner hour within the Worldspreads account. Hopefully more than half of them will turn into profitable trades! Had a quick look last night and some of the spread bets had moved into profit.
Nothing new in the IG Index account (pro share tips) although one of the stocks jumped 21% yesterday but it was a small value AIM share so cant quite retire yet.
Hope some of you have caught some profitable trades and until next time, happy trading!.
Showing posts with label IG Index. Show all posts
Showing posts with label IG Index. Show all posts
Tuesday, 18 January 2011
Saturday, 4 December 2010
Catchup post
Ok, I'm going to do a catch up post for the last couple of days trading. After this I don't think I am going to detail every single trade, as its becoming an extra workload for me to keep up to date in this way. The other night it took me nearly an hour to manually adjust my stop levels so I don't really want to be spending even more time on here entertaining my 3 readers ;-)
I will detail my share tip trades though, as I think those are the ones my readership will be most interested in. Maybe the only reason you tune in, heh?
Anyway, not sure if I mentioned this one before but my position in Rentokil in account 2 stopped out on Weds for a loss of £14. Its made its way onto the stop out list. I opened 5 new positions that day, all of them at a discount of when I owned them last. Lloyds banking @62.27, Barclays @259.6 (7% discount), Thomas Cook @178.60 (5% discount with support shown around the 177 mark) and Home Retail @203.8 for a 5% discount.
Those of you that read Tony Lotons blog will already know that Mouchel tanked so that stopped out for a £10 loss. I did however make a profit of £19 on MicroFocus which stopped out @353.25. It did rise more so I guess my trailing stop was too close - in fact this trade was the reason I manually went through every single trade again the other night and tweaked every single stop level of all my open positions. I hate those spikes that catch out my auto trailing stops, so I am even considering going back to full manual control. Yesterday the only new trade I made in Account 2 was in Xchanging @104.7 - that was a 6% discount on the previous stop I suffered on this trade.
In account 1 on Wednesday the position in Tesco closed @411.78 for a £3 loss, Beacon Hill closed out @11.72 for a £1 loss and I established a new position in Aviva @361.56 after it was tipped.
On thursday my position in Serica Energy closed for a £6 loss.
Friday I received a few share tips, some of those AIM shares which as you know seem to be £5 minimum on IG Index now. I bought Ashstead Group @144.76, Coal of Africa @77.19, Archipelago Resources @50.13 and Centamin Egypt @181.75 which I am sure I have owned previously in this account. 1 position closed that day, Euromoney Institutional, for a £10 overall loss. None of the trades in account 1 go onto a stop out list as that is a unique feature of the position trading strategy of account 2.
Like I said at the beginning, my future posts won't go into as much detail as previous posts. Some days I may not post at all if there is nothing worthy of note. I will continue to do the weekly roundup of accounts so that the comparison can continue as before.
Hopefully some of you made some good trades over the last couple of days, I hope next week treats you all well!
I will detail my share tip trades though, as I think those are the ones my readership will be most interested in. Maybe the only reason you tune in, heh?
Anyway, not sure if I mentioned this one before but my position in Rentokil in account 2 stopped out on Weds for a loss of £14. Its made its way onto the stop out list. I opened 5 new positions that day, all of them at a discount of when I owned them last. Lloyds banking @62.27, Barclays @259.6 (7% discount), Thomas Cook @178.60 (5% discount with support shown around the 177 mark) and Home Retail @203.8 for a 5% discount.
Those of you that read Tony Lotons blog will already know that Mouchel tanked so that stopped out for a £10 loss. I did however make a profit of £19 on MicroFocus which stopped out @353.25. It did rise more so I guess my trailing stop was too close - in fact this trade was the reason I manually went through every single trade again the other night and tweaked every single stop level of all my open positions. I hate those spikes that catch out my auto trailing stops, so I am even considering going back to full manual control. Yesterday the only new trade I made in Account 2 was in Xchanging @104.7 - that was a 6% discount on the previous stop I suffered on this trade.
In account 1 on Wednesday the position in Tesco closed @411.78 for a £3 loss, Beacon Hill closed out @11.72 for a £1 loss and I established a new position in Aviva @361.56 after it was tipped.
On thursday my position in Serica Energy closed for a £6 loss.
Friday I received a few share tips, some of those AIM shares which as you know seem to be £5 minimum on IG Index now. I bought Ashstead Group @144.76, Coal of Africa @77.19, Archipelago Resources @50.13 and Centamin Egypt @181.75 which I am sure I have owned previously in this account. 1 position closed that day, Euromoney Institutional, for a £10 overall loss. None of the trades in account 1 go onto a stop out list as that is a unique feature of the position trading strategy of account 2.
Like I said at the beginning, my future posts won't go into as much detail as previous posts. Some days I may not post at all if there is nothing worthy of note. I will continue to do the weekly roundup of accounts so that the comparison can continue as before.
Hopefully some of you made some good trades over the last couple of days, I hope next week treats you all well!
Thursday, 25 November 2010
Plans go down the drain...
Ok well today I had quite a few trades planned as I'd received alot more tips than usual for the pro tips account. Thing is a lot of the share tips are low value AIM shares, which is actually pretty good for the account as it means I can keep my risk within levels I find acceptable. But.. I ran into a bit of a snag today on my IG Index account when I tried to establish positions - most of the AIM index shares now seem to be a minimum of £5 per point! Which means that I can no longer afford to trade these share tips on this account. I don't know when they changed this, as one position I wanted to open in 'President Petroleum' was one I already had once in this account for £1 per point. In fact if I look back quickly this position only closed a few days ago. Why IG have done this is beyond me, maybe they dont want small players' business anymore? Anyone else out there notice this?
It kinda sucks, as in order to run the strategy properly and fairly I need access to the AIM shares market. So if anyone out there can recommend an alternative to IG and they know for definite that I can establish positions of £1 per point then give me a shout. I hate the fact I may have to switch accounts as I was very happy with the IG interface and their range of markets is superb. From many reviews I have read on other spread betting platforms there are not that many good alternatives out there. *sigh*.
So now the bad news is out the way I may aswell list the couple of trades I did manage to setup on there today. I established new positions in UK Coal @41.85, CVS Group @105.51 and Dominion Petroleum @5.11. As I stated in yesterdays post I had already received 3 stop notifications from IG. Thankfully I didnt receive anymore and so far today no others have stopped out. All 3 trades were a loss as none stopped out for a profit, these were:
St James Place @240.50 for a £2.22 loss
Segro @279.72 for a £4.10 loss
Hampson Industries @26.43 for a £3.30 loss
No stops and no trades on account 2 today, not through lack of looking though. Just nothing at the moment that is ready for buying.
Trade well guys!
It kinda sucks, as in order to run the strategy properly and fairly I need access to the AIM shares market. So if anyone out there can recommend an alternative to IG and they know for definite that I can establish positions of £1 per point then give me a shout. I hate the fact I may have to switch accounts as I was very happy with the IG interface and their range of markets is superb. From many reviews I have read on other spread betting platforms there are not that many good alternatives out there. *sigh*.
So now the bad news is out the way I may aswell list the couple of trades I did manage to setup on there today. I established new positions in UK Coal @41.85, CVS Group @105.51 and Dominion Petroleum @5.11. As I stated in yesterdays post I had already received 3 stop notifications from IG. Thankfully I didnt receive anymore and so far today no others have stopped out. All 3 trades were a loss as none stopped out for a profit, these were:
St James Place @240.50 for a £2.22 loss
Segro @279.72 for a £4.10 loss
Hampson Industries @26.43 for a £3.30 loss
No stops and no trades on account 2 today, not through lack of looking though. Just nothing at the moment that is ready for buying.
Trade well guys!
Wednesday, 17 November 2010
A few more stops: I guess the FTSE dropped whilst I was away!
Thanks to Tony for his comment yesterday. I did try replying to it via my mobile phone from my hotel room last night but the software just wouldn't let me for some reason. Anyway I'm home now, and I'm afraid to say my mistakes were made in the Position trading account Tony, sorry!
As for the 'Pro Tips' strategy, I wont be running it like the position trading account otherwise it would just be a slight variation on Tonys strategy. I will run it like I run my normal shares account, with slightly wider trailing stops and decent money management. I wont be pyramiding into any of the positions and occasionally I may cash a position in if it is doing particularly well just like my shares account - not that I'm having that problem at the moment!
Anyway Mondays trades went down like this:
All trades occured in Account 2, these were a stop of Mouchel @91.70 which got me a profit of 3.30, a new position in Wincanton @215.5 and a new position in RM PLC @150.10.
No activity in Account 1.
Tuesdays action:
In Account 1 three stops triggered, one in Blinx Plc @76.56 at a £2 loss, one in Centamin Egypt Ltd @173.06 at a £3 loss and one in Norseman Gold @68.33 for a £4.20 loss. I'm not sure why the stops for Blinx and Centamin were so close to my opening levels, my only guess is that they rose and my trailing stop rose slightly higher then they dropped and took me out very near to the buy levels but not quite break even. Ah well, that frees some money up for new trades tomorrow (Thurs.)
In Account 2 I established 5 new positions, these were:
Barratt Developments @76.6
William Hill @161.20
Kewill @96.2
Cable & Wireless @49.2
Grainger Trust @100.70
One stop was triggered, unfortunately another loss for the account but not a massive one - Robert Wiseman Dairies sold @315.3 for a £6.20 loss. One more for the stop list, and I guess I'm glad I dont have a real large holding after their recent bad share price action. Poor stockholders!
Anyway as I've just got back I doubt I will open any new trades today as I have other stuff to catch up on. I know I have got an email from IG index (account 1) about a stop that must have triggered but I will report on that tomorrow with any other action from the WorldSpreads account. (account 2)
Good luck with your own trades!
As for the 'Pro Tips' strategy, I wont be running it like the position trading account otherwise it would just be a slight variation on Tonys strategy. I will run it like I run my normal shares account, with slightly wider trailing stops and decent money management. I wont be pyramiding into any of the positions and occasionally I may cash a position in if it is doing particularly well just like my shares account - not that I'm having that problem at the moment!
Anyway Mondays trades went down like this:
All trades occured in Account 2, these were a stop of Mouchel @91.70 which got me a profit of 3.30, a new position in Wincanton @215.5 and a new position in RM PLC @150.10.
No activity in Account 1.
Tuesdays action:
In Account 1 three stops triggered, one in Blinx Plc @76.56 at a £2 loss, one in Centamin Egypt Ltd @173.06 at a £3 loss and one in Norseman Gold @68.33 for a £4.20 loss. I'm not sure why the stops for Blinx and Centamin were so close to my opening levels, my only guess is that they rose and my trailing stop rose slightly higher then they dropped and took me out very near to the buy levels but not quite break even. Ah well, that frees some money up for new trades tomorrow (Thurs.)
In Account 2 I established 5 new positions, these were:
Barratt Developments @76.6
William Hill @161.20
Kewill @96.2
Cable & Wireless @49.2
Grainger Trust @100.70
One stop was triggered, unfortunately another loss for the account but not a massive one - Robert Wiseman Dairies sold @315.3 for a £6.20 loss. One more for the stop list, and I guess I'm glad I dont have a real large holding after their recent bad share price action. Poor stockholders!
Anyway as I've just got back I doubt I will open any new trades today as I have other stuff to catch up on. I know I have got an email from IG index (account 1) about a stop that must have triggered but I will report on that tomorrow with any other action from the WorldSpreads account. (account 2)
Good luck with your own trades!
Tuesday, 9 November 2010
Not much action, but a profitable trade triggered!
I guess I should explain that this blog will generally run 24hrs behind my actual trades. This is partly down to my work schedule but also due to the fact that I get my daily statements from WorldSpreads around midnight every night, so its easier for me to report any trades I made earlier the following day. So until that changes, there wont be many posts made on a Monday.
So now I got that explanation out the way, yesterday was pretty uneventful, mainly due to the fact I was asked to go into a clients office for a meeting all day that ruined my plan of action trading-wise.
But the day wouldn't be complete without some stop outs! Actually one stopped out in Account 2 making a profit, I think the first proper reported one so far. Resolution had gotten up to around £22 profit as I reported on Sunday, but sadly it dropped down and hit my trailing stop but the silver lining is I made a £19.70 profit on the trade. Ker-ching! Maybe next time I will keep my mouth closed about the profitable open trades!
I think a few people may have been caught out by Tribal Groups latest share price and I didnt escape unscathed, a loss of £10.20 racked up for me and another one for my stopout list.
I did make a couple of trades today in Account 2, but I'll wait for my statement to come through later tonight and report fully on those tomorrow.
No action at all on Account 1, unless IG Index didnt set up my instant email notifications like they said they had. I didn't receive any emails about any trades but I'll double check on that tomorrow aswell.
Happy trading!
So now I got that explanation out the way, yesterday was pretty uneventful, mainly due to the fact I was asked to go into a clients office for a meeting all day that ruined my plan of action trading-wise.
But the day wouldn't be complete without some stop outs! Actually one stopped out in Account 2 making a profit, I think the first proper reported one so far. Resolution had gotten up to around £22 profit as I reported on Sunday, but sadly it dropped down and hit my trailing stop but the silver lining is I made a £19.70 profit on the trade. Ker-ching! Maybe next time I will keep my mouth closed about the profitable open trades!
I think a few people may have been caught out by Tribal Groups latest share price and I didnt escape unscathed, a loss of £10.20 racked up for me and another one for my stopout list.
I did make a couple of trades today in Account 2, but I'll wait for my statement to come through later tonight and report fully on those tomorrow.
No action at all on Account 1, unless IG Index didnt set up my instant email notifications like they said they had. I didn't receive any emails about any trades but I'll double check on that tomorrow aswell.
Happy trading!
Saturday, 6 November 2010
Market Rally means no stop outs for a change!
As most of you will know, the FTSE rallied pretty well on Thursday and Friday so thankfully I didn't get any more stop outs on Friday. I established 4 more new positions in account 2 (position trading strat.) rebuying some old ones I have previously owned but at a much lower price. These were EAGA @63.4, Partygaming @226.5, Redrow @112.3 and Tui Travel @204.9. The EAGA position was at a huge 35% discount since I last owned it, the spending cuts taking the toll on the shares price. Hopefully it can rebound from here.
I havent established any new positions in Account 1 (pro tips account) due to the fact that the account is nearly at full invested capacity (£989 invested of the original £1k) so gave this weeks tips a miss as they were too expensive.
IG Index got back to me by email regarding not being able to keep track of the pro tips account positions very easily. They have now set up email notifications on my account so that I will see every bit of activity on there and I can report the daily activity here without trying to decipher their overly complex daily statement. Big thumbs up to their customer service team who sorted it out very quickly and politely for me.
I'll give a proper roundup of the account figures on Sunday (fingers crossed this time!)
I'm also adding a links part to the blog, first space goes to spread betting beginner. I've followed his site for a few weeks now and really enjoyed it so check it out when you can, especially if you are new to the spread betting scene. He has recently expanded to a full blown website from a blog so check the rest of his site out too aswell as his blog.
Catch you Sunday!
I havent established any new positions in Account 1 (pro tips account) due to the fact that the account is nearly at full invested capacity (£989 invested of the original £1k) so gave this weeks tips a miss as they were too expensive.
IG Index got back to me by email regarding not being able to keep track of the pro tips account positions very easily. They have now set up email notifications on my account so that I will see every bit of activity on there and I can report the daily activity here without trying to decipher their overly complex daily statement. Big thumbs up to their customer service team who sorted it out very quickly and politely for me.
I'll give a proper roundup of the account figures on Sunday (fingers crossed this time!)
I'm also adding a links part to the blog, first space goes to spread betting beginner. I've followed his site for a few weeks now and really enjoyed it so check it out when you can, especially if you are new to the spread betting scene. He has recently expanded to a full blown website from a blog so check the rest of his site out too aswell as his blog.
Catch you Sunday!
Thursday, 4 November 2010
Slippage and company cuts
I got caught out by the slippage in Tribals share price aswell as Cobhams 12% drop in price after it warned of further delays in US military orders. Both these will end up on my stop out list for repurchase at a later date.
I'm having difficulty keeping track of my activity in the first account (pro tips account) as the IG Index software is pretty complicated to use. It's a completely different ball park compared to Tradefairs which email you everytime there is any activity in your account. I'll give IG Index a buzz today and see if I can clear things up. My main concern is that it is difficult to keep track of closed out orders, as far as I can see there is nowhere to see which positions have recently closed out and the profit or loss when closing out. If anyone out there uses IG Index and wants to give me any hints then feel free to let me know!
I'm hopefully going to establish some new positions today at a discount price in the position trading strategy account so watch this space.
I'm having difficulty keeping track of my activity in the first account (pro tips account) as the IG Index software is pretty complicated to use. It's a completely different ball park compared to Tradefairs which email you everytime there is any activity in your account. I'll give IG Index a buzz today and see if I can clear things up. My main concern is that it is difficult to keep track of closed out orders, as far as I can see there is nowhere to see which positions have recently closed out and the profit or loss when closing out. If anyone out there uses IG Index and wants to give me any hints then feel free to let me know!
I'm hopefully going to establish some new positions today at a discount price in the position trading strategy account so watch this space.
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