Well a very slight gain in the FTSE All Share Index for this week means it pretty much flatlined, so lets see how both accounts fared.
Account 1: Pro tips strategy account
I reported last week that I was going to establish positions in 4 shares on Monday mornings trading. I managed to place positions in 3 out of the 4 due to the spread on Majestic Wines price being far too wide for some reason. I kept checking up on it during the week but the spread remained too wide so I abandoned a trade in that share tip. I did however place 3 more share tip trades on Friday in SVG Capital, DS Smith and Ladbrokes.
The week saw 4 stops hit for losses of around £60 but the account actually grew very slightly to £1695.98 a 1% overall increase.
Account 2: Tony Loton's 'position trading' strategy account
After last weeks very good return, this week saw 6 stops get hit which chipped away at the previous weeks account profits even though 2 of the stops were for a small return. Some of the account grew very slightly to offset some of those losses, but most of the positions had a pretty flat week. Account ends up at £1306.74, which is a 1% fall on last weeks figure.
This week I saw a very interesting post over on spread betting beginners forum about the original Turtle Traders and the trend following rules that they followed. It was good reading for me as I have always had a problem about when to pyramid into an existing position, and this article explains the methods which the famous group of traders were using whilst doing their trial. I cant adopt any of their original trading strategies as both my accounts have very strict rules established already obviously, but I feel I can adapt this 'mechanical' method for my own pyramids, which takes out any emotional aspect of when to place a trade. I only have 3 pyramids active at the moment in Account 2, and I'm certain that I should have more in place right now which would mean more profit for the account. Well worth a read when you have the time.
That's it for this week, I'm off now to search for valid trades for tomorrows open. Wish you all a good trading week!
Showing posts with label account standings. Show all posts
Showing posts with label account standings. Show all posts
Sunday, 20 February 2011
Sunday, 6 February 2011
06/02/2011 Accounts Roundup
Going to jump straight into the results for this week as I'm snowed under with day job deadlines!
Account 1: Pro tips strategy account
This account took a bit of a battering, a few of the share tips I received stopped out almost immediately when the market dipped a couple of days during the week. Wasn't great as each one racked up losses of around £25 a time which soon added up. I've taken a look at my existing open positions and I've only managed to move stops upwards on around 3 of them out of 36 in total. I did receive some share tips on Friday but I was out of my office for the day so I will be establishing some more positions on Monday. The account has around £300 of free trading resources.
So a breakeven week in the markets but with a 6% drop in this account the balance now stands at £1672.53.
Account 2: Tony Loton's 'position trading' strategy account
I actually had 2 trades stop out this week giving me over £110 in combined profit which I was pretty chuffed about. However I also had quite a few stops of between £10-£15 practically wiping out that profit which was dissapointing. In fact on Thursday I had 3 trades stop out - McBride for a loss of £14, Pace for a profit of £14, and National Grid stopped at £0 for a total breakeven trade and breakeven day, spooky times! It was that kind of week though.
I've made several new trades, some of which have jumped to immediate profits. Remember my pyramid into ITV a few weeks back? It still holding up and thanks to a 5 point jump on Friday its added another £10 in accumulated profit. It may also mean that I establish another £1 per point into it very soon. Got to keep backing those winners!
So the account now has 35 open positions, and I've managed to manually move 7 of the stops upwards to lock in more profit/reduce losses. The account balance is now showing as £1173.05 a 3% increase on last weeks figure, so despite a few stops losing money its nice to see the account still grew. Another example of why tight exploratory stops are needed when you first establish a position.
Catch you next time, trade well guys!
Account 1: Pro tips strategy account
This account took a bit of a battering, a few of the share tips I received stopped out almost immediately when the market dipped a couple of days during the week. Wasn't great as each one racked up losses of around £25 a time which soon added up. I've taken a look at my existing open positions and I've only managed to move stops upwards on around 3 of them out of 36 in total. I did receive some share tips on Friday but I was out of my office for the day so I will be establishing some more positions on Monday. The account has around £300 of free trading resources.
So a breakeven week in the markets but with a 6% drop in this account the balance now stands at £1672.53.
Account 2: Tony Loton's 'position trading' strategy account
I actually had 2 trades stop out this week giving me over £110 in combined profit which I was pretty chuffed about. However I also had quite a few stops of between £10-£15 practically wiping out that profit which was dissapointing. In fact on Thursday I had 3 trades stop out - McBride for a loss of £14, Pace for a profit of £14, and National Grid stopped at £0 for a total breakeven trade and breakeven day, spooky times! It was that kind of week though.
I've made several new trades, some of which have jumped to immediate profits. Remember my pyramid into ITV a few weeks back? It still holding up and thanks to a 5 point jump on Friday its added another £10 in accumulated profit. It may also mean that I establish another £1 per point into it very soon. Got to keep backing those winners!
So the account now has 35 open positions, and I've managed to manually move 7 of the stops upwards to lock in more profit/reduce losses. The account balance is now showing as £1173.05 a 3% increase on last weeks figure, so despite a few stops losing money its nice to see the account still grew. Another example of why tight exploratory stops are needed when you first establish a position.
Catch you next time, trade well guys!
Sunday, 30 January 2011
30/01/2011 Accounts Roundup
Well January draws to a close, and the FTSE All Share Index ended pretty much where it left off last week. So what happened to my accounts during that time?
Account 1: Pro tips strategy account
I established 12 new positions during the week and only suffered 4 stops. One of the stops hit was for one of the positions I had established this week, so a very quick loss on that particular share. But despite the market flatlining I have managed to manually raise my trailing stops on 12 positions within the account, locking in a little bit more profit for each of them. The value of the account ended up at £1768.86, a 1.5% increase on last weeks figure, approx +£30.
Account 2: Tony Loton's 'position trading' strategy account
Despite having my eye on quite a few new opportunities at the beginning of the week only 5 of them became new positions within this account. I only suffered the one stop this week, a position in Partygaming just stopped out then of course rebounded very slightly the following day. Isn't that usually the case? I can't really complain as one of the 5 has already brought in a £50 profit in 2 days of trading so I have managed to lock in £25 of that as guaranteed profit - well guaranteed as long as I don't suffer any slippage...
Anyway the account increased by 5% to £1138.92 so its going in the right direction. I've managed to move trailing stops on 9 of the existing positions to lock in profit and free up more trading capital, although there is currently £650 available so no shortage of funds to worry about as yet.
Depending on how the market continues to react next week to those poor GDP figures will pretty much dictate what happens in both accounts. I was lucky enough to read 3 of Tony Lotons books before I begun live spread betting. I learnt the importance of stops and money management before I placed my first trade. In that respect I haven't had to learn from the 'School of hard knocks', Tony did that for me! Every one of my positions have very strict stops applied to them, so if Mr Market does want to go on a downswing I won't be wiped out I will 'live to trade another day' as Tony states. I haven't yet lost money on spread betting, before I started these 2 public accounts I ran my first £500 account up to just over £800 before withdrawing purely practising the position trading strategy. I'm pretty certain that the first account would have been a failure if I hadn't read those books beforehand. Tonys book over on the right hand side there called "Stop Orders" is invaluable reading and I suggest you pick up a copy, especially if you haven't started live trading yet. Without money management and stops in place then your trading strategy will never have an edge.
This account is run on the Worldspreads platform - I recently posted on a spread betting forum that I have now been getting referrals on every trade I try to place. This means that when you click the 'buy' button I get a box that pops up saying 'trade refferal' and someone at the spread betting company is manually approving my trades before it goes through. Thing is, on a couple of the trades I haven't been given the price that I saw when I pressed the 'buy' button because it can take around 10-20 seconds to complete. Only maybe +1 or +2 on the spread, but still slightly annoying.
Someone replied to my forum query and said that he guessed I wasn't a losing trader because losers don't get referrals. So in a round about way I guess I'm currently being classed as a 'winner' by Worldspreads and not sure if they like it. I'll give them a buzz about it during this week and ask them why...
Anyway that's enough for today, Trade well guys!
Account 1: Pro tips strategy account
I established 12 new positions during the week and only suffered 4 stops. One of the stops hit was for one of the positions I had established this week, so a very quick loss on that particular share. But despite the market flatlining I have managed to manually raise my trailing stops on 12 positions within the account, locking in a little bit more profit for each of them. The value of the account ended up at £1768.86, a 1.5% increase on last weeks figure, approx +£30.
Account 2: Tony Loton's 'position trading' strategy account
Despite having my eye on quite a few new opportunities at the beginning of the week only 5 of them became new positions within this account. I only suffered the one stop this week, a position in Partygaming just stopped out then of course rebounded very slightly the following day. Isn't that usually the case? I can't really complain as one of the 5 has already brought in a £50 profit in 2 days of trading so I have managed to lock in £25 of that as guaranteed profit - well guaranteed as long as I don't suffer any slippage...
Anyway the account increased by 5% to £1138.92 so its going in the right direction. I've managed to move trailing stops on 9 of the existing positions to lock in profit and free up more trading capital, although there is currently £650 available so no shortage of funds to worry about as yet.
Depending on how the market continues to react next week to those poor GDP figures will pretty much dictate what happens in both accounts. I was lucky enough to read 3 of Tony Lotons books before I begun live spread betting. I learnt the importance of stops and money management before I placed my first trade. In that respect I haven't had to learn from the 'School of hard knocks', Tony did that for me! Every one of my positions have very strict stops applied to them, so if Mr Market does want to go on a downswing I won't be wiped out I will 'live to trade another day' as Tony states. I haven't yet lost money on spread betting, before I started these 2 public accounts I ran my first £500 account up to just over £800 before withdrawing purely practising the position trading strategy. I'm pretty certain that the first account would have been a failure if I hadn't read those books beforehand. Tonys book over on the right hand side there called "Stop Orders" is invaluable reading and I suggest you pick up a copy, especially if you haven't started live trading yet. Without money management and stops in place then your trading strategy will never have an edge.
This account is run on the Worldspreads platform - I recently posted on a spread betting forum that I have now been getting referrals on every trade I try to place. This means that when you click the 'buy' button I get a box that pops up saying 'trade refferal' and someone at the spread betting company is manually approving my trades before it goes through. Thing is, on a couple of the trades I haven't been given the price that I saw when I pressed the 'buy' button because it can take around 10-20 seconds to complete. Only maybe +1 or +2 on the spread, but still slightly annoying.
Someone replied to my forum query and said that he guessed I wasn't a losing trader because losers don't get referrals. So in a round about way I guess I'm currently being classed as a 'winner' by Worldspreads and not sure if they like it. I'll give them a buzz about it during this week and ask them why...
Anyway that's enough for today, Trade well guys!
Sunday, 23 January 2011
23/01/11 Accounts Roundup
Well the FTSE All Share ended 1.7% down for the week, so lets take a look at how the two accounts performed during the same time.
Account 1: Pro tips strategy account
I had plenty of stops taken out during the week in this account as I've already mentioned. The account decreased its value by -2.5% this week to £1737, it could have been alot worse aswell so overall I'm not too concerned really. Didn't buy any of the pro recommendations this week as most of them were stocks I already have positions in or I considered the risk was just too high because of the high value of the shares recommended wouldnt allow me to have proper stops in place. I do have some possible trades lined up for this account over the coming 5 days though. Available free trading funds have now increased to £400 in this account.
Account 2: Tony Loton's 'position trading' strategy account
I just realised that last weeks figure was a typo, I had written that the account had gone from 1136 to 1331 "just £5 down on last week". Of course that figure was meant to read 1131 NOT 1331 (I've edited last weeks post now to reflect that change). The account fell again by around 4% to £1083. I had one losing trade all week which was in Partygaming. All the rest that stopped out actually banked a profit so I can't complain. The decrease in the FTSE brought some of my positions down hence I cant be too concerned with this weeks results.
I had a few positions end prematurely this week which I was dissapointed with. This has caused me to re-evaluate my auto trailing stops. I've decided to completely abandon auto trailing stops and go with manually adjusted stops once a week. This gives me more time to re-evaluate positions over a weekend plus gives a share price the proper opportunity to move up and down naturally during the week without triggering automatic trailing stops that have just nudged up higher as the price action suddenly drops.
On one particular share I missed a 20% share price rise on the day after it had stopped out because of the automatic trailing stop.
Hopefully this is something that will improve the account slightly. I'm still learning really and slowly tweaking things here and there should increase potential returns.
Account 1: Pro tips strategy account
I had plenty of stops taken out during the week in this account as I've already mentioned. The account decreased its value by -2.5% this week to £1737, it could have been alot worse aswell so overall I'm not too concerned really. Didn't buy any of the pro recommendations this week as most of them were stocks I already have positions in or I considered the risk was just too high because of the high value of the shares recommended wouldnt allow me to have proper stops in place. I do have some possible trades lined up for this account over the coming 5 days though. Available free trading funds have now increased to £400 in this account.
Account 2: Tony Loton's 'position trading' strategy account
I just realised that last weeks figure was a typo, I had written that the account had gone from 1136 to 1331 "just £5 down on last week". Of course that figure was meant to read 1131 NOT 1331 (I've edited last weeks post now to reflect that change). The account fell again by around 4% to £1083. I had one losing trade all week which was in Partygaming. All the rest that stopped out actually banked a profit so I can't complain. The decrease in the FTSE brought some of my positions down hence I cant be too concerned with this weeks results.
I had a few positions end prematurely this week which I was dissapointed with. This has caused me to re-evaluate my auto trailing stops. I've decided to completely abandon auto trailing stops and go with manually adjusted stops once a week. This gives me more time to re-evaluate positions over a weekend plus gives a share price the proper opportunity to move up and down naturally during the week without triggering automatic trailing stops that have just nudged up higher as the price action suddenly drops.
On one particular share I missed a 20% share price rise on the day after it had stopped out because of the automatic trailing stop.
Hopefully this is something that will improve the account slightly. I'm still learning really and slowly tweaking things here and there should increase potential returns.
Sunday, 16 January 2011
16/01/11 Accounts Roundup
Well the markets seem to end very slightly up for the week by a couple of points, so lets take a look at how the two accounts performed.
Account 1: Pro tips strategy account
I had a few stops during the week in this account but I pretty much covered those in my previous blog posts so wont repeat them here. The account increased its value by 7% this week to £1778.54, a bigger return than if it had just been in an all share tracker. Very pleased with this weeks figure.
Account 2: Tony Loton's 'position trading' strategy account
One of my two pyramids collapsed this week in Tribal Group. It still closed out for a profit but it was a shame to see it fail. It still worked out perfectly though, when the second position stopped out the first position more than covered the slight loss leaving an overall profit of £10 in place. The mechanism of pyramiding into a position means you can make alot of money on your 'winning horses' because of leveraging. Anyway this week the account flatlined and ended up on £1131 just £5 down on last week. I havent been able to establish any new positions this week and I think the account is suffering for it. But I'd rather not rush in and make trades just for the sake of it as that tends to end up being a losing strategy! I'm just sticking to the correct methodology and will continue to do so.
Ok well thats it for this week, hope you all catch some good trades over the next 5 days and I'll leave you with a graph.
Account 1: Pro tips strategy account
I had a few stops during the week in this account but I pretty much covered those in my previous blog posts so wont repeat them here. The account increased its value by 7% this week to £1778.54, a bigger return than if it had just been in an all share tracker. Very pleased with this weeks figure.
Account 2: Tony Loton's 'position trading' strategy account
One of my two pyramids collapsed this week in Tribal Group. It still closed out for a profit but it was a shame to see it fail. It still worked out perfectly though, when the second position stopped out the first position more than covered the slight loss leaving an overall profit of £10 in place. The mechanism of pyramiding into a position means you can make alot of money on your 'winning horses' because of leveraging. Anyway this week the account flatlined and ended up on £1131 just £5 down on last week. I havent been able to establish any new positions this week and I think the account is suffering for it. But I'd rather not rush in and make trades just for the sake of it as that tends to end up being a losing strategy! I'm just sticking to the correct methodology and will continue to do so.
Ok well thats it for this week, hope you all catch some good trades over the next 5 days and I'll leave you with a graph.
Sunday, 9 January 2011
09/01/11 Accounts Roundup
Bit of a topsy turvy week for the market this week as you all probably know. It couldnt really make up its mind and after a couple of good days it seemed to get hammered at the back end of the week after poor U.S. data.
Anyway heres a run down of how each of my accounts fared this week:
Account 1: Pro tips strategy account
I had a few stops during the week in this account, 6 in total actually (just had another peek) and all of them for losses albeit small losses well within my risk management rules. I made no new purchases due to not receiving any share tips during the week, I guess all the experts are still hungover from New Years.
Anyway the overall account value is now £1661.27, so even with a few stops, the rest of my positions pushed the account around 8.4% higher for the week. I'm very happy with that despite the market volatility.
Account 2: Tony Loton's 'position trading' strategy account
I had just one stop in this account during the week - Xchanging @118 for a small £13.30 profit. Better to stop out in small profit than to take a loss!
Overall account value is now £1136.79, which means about a 5.7% increase over last weeks near breakeven figure.
Hopefully the market will return into a settled move upwards, trade well guys!
Anyway heres a run down of how each of my accounts fared this week:
Account 1: Pro tips strategy account
I had a few stops during the week in this account, 6 in total actually (just had another peek) and all of them for losses albeit small losses well within my risk management rules. I made no new purchases due to not receiving any share tips during the week, I guess all the experts are still hungover from New Years.
Anyway the overall account value is now £1661.27, so even with a few stops, the rest of my positions pushed the account around 8.4% higher for the week. I'm very happy with that despite the market volatility.
Account 2: Tony Loton's 'position trading' strategy account
I had just one stop in this account during the week - Xchanging @118 for a small £13.30 profit. Better to stop out in small profit than to take a loss!
Overall account value is now £1136.79, which means about a 5.7% increase over last weeks near breakeven figure.
Hopefully the market will return into a settled move upwards, trade well guys!
Sunday, 2 January 2011
02/01/11 Accounts Roundup
Happy new year!
Had my first stop out in a while on Friday, it was in account 2 on 'RM PLC' for a £22.50 profit. Shame it stopped out as it looked like it was going to turn into a decent winner. Anyway onwards we go, here are the figures for both accounts as they stand this week.
Account 1: Pro tips strategy accountOverall account value is now £1532.35, breakeven on last weeks figure at just £3 down.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £1074.01, about £3 down on last weeks figure so cant complain!
So both accounts held on to last weeks profits despite a small drop in the markets.
I should be investing more in account 2 as there is now £900 of trading funds free to trade with! So I really need to start scouring the entire London markets for opportunities to fire up this account again. Now Christmas is out of the way I will have alot more investing time on my hands!
Good luck next week, trade well!
Had my first stop out in a while on Friday, it was in account 2 on 'RM PLC' for a £22.50 profit. Shame it stopped out as it looked like it was going to turn into a decent winner. Anyway onwards we go, here are the figures for both accounts as they stand this week.
Account 1: Pro tips strategy accountOverall account value is now £1532.35, breakeven on last weeks figure at just £3 down.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £1074.01, about £3 down on last weeks figure so cant complain!
So both accounts held on to last weeks profits despite a small drop in the markets.
I should be investing more in account 2 as there is now £900 of trading funds free to trade with! So I really need to start scouring the entire London markets for opportunities to fire up this account again. Now Christmas is out of the way I will have alot more investing time on my hands!
Good luck next week, trade well!
Monday, 27 December 2010
26/12/10 Account Roundups
I hope you all had a good Christmas and enjoyed the company of family and friends aswell as a few wee drams or two ;-)
A day late I know but here are the account standings as they were yesterday:
Account 1: Pro tips strategy account
Overall account value is now £1535.99, about a 9% increase on last weeks figure. An excellent weekly performance from this account! There is currently £1030 of trading resources (positions established) now tied up.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £1077.10, around a 7.7% increase on last weeks figure, the account is now back in profit. Really pleased with some of the positions and both pyramids I have established are still holding up even though the ITV pyramid is close to stopping out. I think 2011 will give me some good opportunities to advance this account further and with £800 of investing funds still available there is plenty of scope to do so.
As most of you know the FTSE managed to close above 6000 for the first time since June 2008 despite trading being relatively low volume. As I mentioned in a previous post on the 24th, Account 1 was nearly £100 down in early trading but it managed to claw all the losses back thanks to that late surge past 6k.
Trading re-opens on the 29th so I will probably make another post then.
So until Wednesday check all your stops and keep well!
A day late I know but here are the account standings as they were yesterday:
Account 1: Pro tips strategy account
Overall account value is now £1535.99, about a 9% increase on last weeks figure. An excellent weekly performance from this account! There is currently £1030 of trading resources (positions established) now tied up.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £1077.10, around a 7.7% increase on last weeks figure, the account is now back in profit. Really pleased with some of the positions and both pyramids I have established are still holding up even though the ITV pyramid is close to stopping out. I think 2011 will give me some good opportunities to advance this account further and with £800 of investing funds still available there is plenty of scope to do so.
As most of you know the FTSE managed to close above 6000 for the first time since June 2008 despite trading being relatively low volume. As I mentioned in a previous post on the 24th, Account 1 was nearly £100 down in early trading but it managed to claw all the losses back thanks to that late surge past 6k.
Trading re-opens on the 29th so I will probably make another post then.
So until Wednesday check all your stops and keep well!
Sunday, 12 December 2010
12/12/10 Account Roundups
This is how both accounts stack up at the end of this week. For any new readers out there, in 'account 1' I spread bet only on stocks that have been tipped by professional share tipping services. Account 2 is run purely based on Tony Lotons position trading strategy, for further information on this strategy please purchase his book over there on the right. Both accounts started with £1000 on the same day at the same time.
This weeks figures show:
Account 1: Pro tips strategy account
Overall account value is now £1328.77, about a 7.5% increase on last weeks figure.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £942.61, around a 0.25% increase on last weeks figure, not much of a movement. This can be attributed to me establishing no new trades and a flatline on all current open positions. The markets at a near high at the moment so I will only trade when proper opportunities arise.
Good luck in the markets next week guys!
This weeks figures show:
Account 1: Pro tips strategy account
Overall account value is now £1328.77, about a 7.5% increase on last weeks figure.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £942.61, around a 0.25% increase on last weeks figure, not much of a movement. This can be attributed to me establishing no new trades and a flatline on all current open positions. The markets at a near high at the moment so I will only trade when proper opportunities arise.
Good luck in the markets next week guys!
Sunday, 5 December 2010
05/12/10 Account Roundups
As promised, the account figures as they currently stack up, just with a little less detail than usual.
Account 1: Pro tips strategy account
Overall account value is now £1235.99, about a 4.5% increase on last weeks figure. A total return so far of 23.5%.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £940.35, around a 9% increase on last weeks figure. However this is a total loss of 6% on the account.
It's interesting to see that after those good last few days for the FTSE that account 2 jumped up nearly double the amount of account 1. This is probably down to picking stocks on the dips rather than blind buying of share tips that may/may not be near a support level in their price. In fact it is becoming increasingly obvious that the spread betting companies are well aware of which stocks are 'tipped' and are adjusting their spreads accordingly. There were several tips over the last few weeks that just weren't worth buying as their spreads were as wide as 15% on some!
Obviously I want both accounts to make money overall and I still have a real interest in finding out which strategy pays off the most (if either do!) over the coming months.
Hopefully some of you will stick around to see...
Trade well next week guys!
Account 1: Pro tips strategy account
Overall account value is now £1235.99, about a 4.5% increase on last weeks figure. A total return so far of 23.5%.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £940.35, around a 9% increase on last weeks figure. However this is a total loss of 6% on the account.
It's interesting to see that after those good last few days for the FTSE that account 2 jumped up nearly double the amount of account 1. This is probably down to picking stocks on the dips rather than blind buying of share tips that may/may not be near a support level in their price. In fact it is becoming increasingly obvious that the spread betting companies are well aware of which stocks are 'tipped' and are adjusting their spreads accordingly. There were several tips over the last few weeks that just weren't worth buying as their spreads were as wide as 15% on some!
Obviously I want both accounts to make money overall and I still have a real interest in finding out which strategy pays off the most (if either do!) over the coming months.
Hopefully some of you will stick around to see...
Trade well next week guys!
Monday, 29 November 2010
Bonus for Account 2!
Ok well I got an email this morning from Worldspreads regarding Account 2. It seems though I qualified for some cashback on a promotion they used to offer before they started the current 'zero spread' promotion. I qualified for any losses I accumulated over the first 8 weeks of having the account open to be paid back into my account - which they did this morning for the sum of £136.62. My best trade yet!
Question is, am I allowed to add this to the accounts tally or do I withdraw it from the account? Let me know your thoughts.
Looks like the FTSE got off to a great start this morning but then the bears stepped in and spoilt the party as now its given back all the early morning gains.
Good luck with your positions out there!
Question is, am I allowed to add this to the accounts tally or do I withdraw it from the account? Let me know your thoughts.
Looks like the FTSE got off to a great start this morning but then the bears stepped in and spoilt the party as now its given back all the early morning gains.
Good luck with your positions out there!
Sunday, 28 November 2010
28/11/10 Account Roundups
Ok, before I kick off the accounts figures I'll get Fridays stops out of the way.
1 stop on Account 1(IG index), this was Northgate @214 for a £6.50 loss. Account 2 (Worldspreads) had a loss of £10 on EAGA sold @53.
I think I have decided to stay with IG index for account 1. I will just have to ignore the AIM share tips for now unless IG move their pricing back to £1 a point for them. I don't really want to be moving accounts as I think it would adversely affect the results and I don't want that to happen at this early stage. Thanks to Alan again for his second comment on the issue, your example is just slightly above the percentages I like to risk on the account but I will bear it in mind when the right conditions arise.
Anyway on with the accounts figures for this week:
Account 1: Pro tips strategy account
Overall account balance is £1182.82 with 44 open positions showing a current open loss of -£13.19. Thats around a -£35 change from last week. As usual most of these are positions are showing breakeven status *yawn*. Believe it or not around Thursday time last week there were 3 positions showing profits of more than £5 each but all 3 slipped back on Friday!
Account 2: Tony Loton's 'position trading' strategy account
Overall account balance is now at £863.63 with 30 open positions showing a current open profit of
£2.64. Thats around a -£21 change on last weeks figure. Biggest open profits at the moment are Cairn Energy, Tui Travel & Game Group.
Historical data shows that December is usually a good month for the FTSE, but with the Euro crisis and Korea on the brink of war I'm not sure what we'll see happen this year. I'm hoping for a good month though just so that Tony over at the trading trail can get his portfolio into a profit in his final month.
Trade well guys!
1 stop on Account 1(IG index), this was Northgate @214 for a £6.50 loss. Account 2 (Worldspreads) had a loss of £10 on EAGA sold @53.
I think I have decided to stay with IG index for account 1. I will just have to ignore the AIM share tips for now unless IG move their pricing back to £1 a point for them. I don't really want to be moving accounts as I think it would adversely affect the results and I don't want that to happen at this early stage. Thanks to Alan again for his second comment on the issue, your example is just slightly above the percentages I like to risk on the account but I will bear it in mind when the right conditions arise.
Anyway on with the accounts figures for this week:
Account 1: Pro tips strategy account
Overall account balance is £1182.82 with 44 open positions showing a current open loss of -£13.19. Thats around a -£35 change from last week. As usual most of these are positions are showing breakeven status *yawn*. Believe it or not around Thursday time last week there were 3 positions showing profits of more than £5 each but all 3 slipped back on Friday!
Account 2: Tony Loton's 'position trading' strategy account
Overall account balance is now at £863.63 with 30 open positions showing a current open profit of
£2.64. Thats around a -£21 change on last weeks figure. Biggest open profits at the moment are Cairn Energy, Tui Travel & Game Group.
Historical data shows that December is usually a good month for the FTSE, but with the Euro crisis and Korea on the brink of war I'm not sure what we'll see happen this year. I'm hoping for a good month though just so that Tony over at the trading trail can get his portfolio into a profit in his final month.
Trade well guys!
Sunday, 21 November 2010
21/11/10 Account Roundups
Time for this weeks roundup of account figures:
Account 1: Pro tips strategy account
Overall account balance is £1216.62 with 44 open positions showing a current open loss of -£13.52. Thats around a -£32 change from last week. As usual most of these are positions are showing breakeven status.
Account 2: Tony Loton's 'position trading' strategy account
Overall account balance is now at £884.83 with 33 open positions showing a current open loss of
-£25.16. Thats around a +£22 change on last weeks figure. Biggest open profits at the moment are Thomas Cook and ITV. Still dissapointing that so many of them are slightly negative. Lets hope for another FTSE rise next week!
Happy Trading!
Account 1: Pro tips strategy account
Overall account balance is £1216.62 with 44 open positions showing a current open loss of -£13.52. Thats around a -£32 change from last week. As usual most of these are positions are showing breakeven status.
Account 2: Tony Loton's 'position trading' strategy account
Overall account balance is now at £884.83 with 33 open positions showing a current open loss of
-£25.16. Thats around a +£22 change on last weeks figure. Biggest open profits at the moment are Thomas Cook and ITV. Still dissapointing that so many of them are slightly negative. Lets hope for another FTSE rise next week!
Happy Trading!
Sunday, 14 November 2010
14/11/10 Account Roundups
Thanks to Tony Loton for his comment yesterday. One thing I need to fine tune more is my trailing stops. I'm not saying that Savills will definitely have made me more money if I had a wider stop in place because obviously the share could go down from here but theres always a chance it could go up and would have made me more. Looking at Savills graph, the price spiked alot on Wednesday shooting the price up to around 385 and obviously my trailing stop followed that price action.
The next 2 days it dropped back down to around the 365 mark which was still slighter higher than Tuesdays price but low enough to trigger my trailing stop. The next trading week will show me whether my trailing stop triggered at exactly the right time. I still need to work on setting my stop losses to maximise profit. I noticed over on spread betting beginners blog that he sets his stop loss based on an ATR (14) value of around 2x. That's something I may start to check against my usual stop distances of around 10-15% to see if there is a big difference between the 2 figures. Each share reacts differently within the market so maybe I need to take a closer look at each individual share rather than using a blanket stop figure for all.
Ok its time for this weekends roundup of account figures:
Account 1: Pro tips strategy account
Overall account balance is £1242.80 with 44 open positions showing a current loss of -£14.64 and even though some of them had gone into positive territory during the week it seems all of them have slipped back into breakeven trades during Fridays market.
Account 2: Tony Loton's 'position trading' strategy accountOverall account balance is now at £862.04 with 31 open positions showing a current profit of £32.95 and I have £599.13 yet to invest. The biggest open profits showing at the moment are Mitchells & Butler at £40 and Segro at £30, both slightly down on last weeks roundup.
Well thats it for this weekend, hopefully I will bag some bargains for Account 2 next week. Good luck with your trades!
The next 2 days it dropped back down to around the 365 mark which was still slighter higher than Tuesdays price but low enough to trigger my trailing stop. The next trading week will show me whether my trailing stop triggered at exactly the right time. I still need to work on setting my stop losses to maximise profit. I noticed over on spread betting beginners blog that he sets his stop loss based on an ATR (14) value of around 2x. That's something I may start to check against my usual stop distances of around 10-15% to see if there is a big difference between the 2 figures. Each share reacts differently within the market so maybe I need to take a closer look at each individual share rather than using a blanket stop figure for all.
Ok its time for this weekends roundup of account figures:
Account 1: Pro tips strategy account
Overall account balance is £1242.80 with 44 open positions showing a current loss of -£14.64 and even though some of them had gone into positive territory during the week it seems all of them have slipped back into breakeven trades during Fridays market.
Account 2: Tony Loton's 'position trading' strategy accountOverall account balance is now at £862.04 with 31 open positions showing a current profit of £32.95 and I have £599.13 yet to invest. The biggest open profits showing at the moment are Mitchells & Butler at £40 and Segro at £30, both slightly down on last weeks roundup.
Well thats it for this weekend, hopefully I will bag some bargains for Account 2 next week. Good luck with your trades!
Sunday, 7 November 2010
Accounts roundup
Ok so here are the figures for both accounts after 9 weeks:
Account 1: Pro tips strategy account
Overall account balance is now at £1270.70 with 42 open positions showing a total of -£13.84 and £995 of funds invested. Not one of the 42 positions is currently showing a profit, they are all practically break even point even after the markets upward movement over the last couple of days.
Account 2: Tony Loton's 'position trading' strategy account
Overall account balance is now at £822.13 with 28 open positions showing a current profit of £165.65 and I have £687 yet to invest. The biggest earners are Mitchells & Butler at £50, Savills at £46, Segro at £36 and Resolution Limited at £22.
All those have now moved into guaranteed profits due to their trailing stops, but hopefully they will all continue to rise.
Catch you next week, where I will be opening up new positions in Account 2 as I have a lot more available funds than I realised!
Account 1: Pro tips strategy account
Overall account balance is now at £1270.70 with 42 open positions showing a total of -£13.84 and £995 of funds invested. Not one of the 42 positions is currently showing a profit, they are all practically break even point even after the markets upward movement over the last couple of days.
Account 2: Tony Loton's 'position trading' strategy account
Overall account balance is now at £822.13 with 28 open positions showing a current profit of £165.65 and I have £687 yet to invest. The biggest earners are Mitchells & Butler at £50, Savills at £46, Segro at £36 and Resolution Limited at £22.
All those have now moved into guaranteed profits due to their trailing stops, but hopefully they will all continue to rise.
Catch you next week, where I will be opening up new positions in Account 2 as I have a lot more available funds than I realised!
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!
Sunday, 24 October 2010
Quick update and Week1 account results
Just a quick post to say that one of my positions Hardys Oil & Gas fell sharply and triggered its stop loss @176.80 for a loss of £19.70. Obviously a little dissapointed but I will probably try buy it again sometime at a cheaper price.
As for current account standings (profit/loss) these are at:
Account 1: Pro Stock Tips: (-£12.63)
Account 2: Position Trading Strategy: +£81.84
So after week 1 of my blog, the position trading strategy account is ahead.
As for current account standings (profit/loss) these are at:
Account 1: Pro Stock Tips: (-£12.63)
Account 2: Position Trading Strategy: +£81.84
So after week 1 of my blog, the position trading strategy account is ahead.
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