With the FTSE doing somersaults over the last 48 hours there have been some good opportunities to spread bet in my position trading account. Over the last 2 days I have opened 8 new trades and have my eye on a few more as well. The account still has plenty of free trading resources available so if opportunities keep popping up then I will take them. Could be the kick start the account needs as recently new trades have been thin on the ground really.
I also executed quite a few of the pro share tips on account 1. Again some of them were too pricey for me to buy into but this week I've managed to buy most of them. Heres a list of some of them:
Trinity Mirror, GKN, SIG, Skywest Airlines, PZ Cussons, Scapa.
Bad GDP figures meant that the markets fell a little but ended up from their early day lows. Going to nip over to my portfolio now to see how my positions have done, and if necessary adjust any stops!
Trade well!
Showing posts with label new positions. Show all posts
Showing posts with label new positions. Show all posts
Tuesday, 25 January 2011
Tuesday, 18 January 2011
New positions for the position trading account
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!.
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!.
Wednesday, 12 January 2011
Share tips: 12/01/10
A very quick post as I'm still fighting against office deadlines! Yes I'm still in the office at 9pm.
I promised to come back if I made any new trades on the Pro share tips account so here they are in no particular order:
Melrose Resources Plc @249.62
Northern Foods Plc @60.15
Beacon Hill Resources Plc @18.30 (£5 per point)
Antisoma Plc @6.2 (£5 per point)
Ascent Resources PLC @9.2 (£5 per point)
Fenner Plc @353.78
A few £5 per point trades there, as I posted before alot of AIM shares at IG Index are now at a minimum £5 per point so I took Alans advice on board and gone with the AIM share tips but with stops that are still within my account risk tolerance even at £5 per point. Plus the fact that the penny shares have to move a hell of a lot to make any money at £1 per point.
Trade well guys!!
I promised to come back if I made any new trades on the Pro share tips account so here they are in no particular order:
Melrose Resources Plc @249.62
Northern Foods Plc @60.15
Beacon Hill Resources Plc @18.30 (£5 per point)
Antisoma Plc @6.2 (£5 per point)
Ascent Resources PLC @9.2 (£5 per point)
Fenner Plc @353.78
A few £5 per point trades there, as I posted before alot of AIM shares at IG Index are now at a minimum £5 per point so I took Alans advice on board and gone with the AIM share tips but with stops that are still within my account risk tolerance even at £5 per point. Plus the fact that the penny shares have to move a hell of a lot to make any money at £1 per point.
Trade well guys!!
Saturday, 18 December 2010
Fridays trades.
I did make some trades after all, received the share tips on Friday afternoon so I sorted through them and chose to go with the following in Account 1:
Heritage Oil @425.86
Kesa @166.31
European Nickel @23.31
DS Smith @206.21
Meggitt @356.71
Kalahari Minerals @238.6
3i Group @329.73
I did get 1 more stop out on account 1 in the afternoon, it was the old chestnut 'Cobham' which stopped @198.702 losing me £7 in total.
Account 2 also suffered a stop out, but it was for a profit of £18.47 on French Connection. That will go onto my stop out list, but it would have to come down alot more for me to consider buying it again at this point.
Catch you guys tomorrow when I update the account stats for the week. Have a good weekend.
Heritage Oil @425.86
Kesa @166.31
European Nickel @23.31
DS Smith @206.21
Meggitt @356.71
Kalahari Minerals @238.6
3i Group @329.73
I did get 1 more stop out on account 1 in the afternoon, it was the old chestnut 'Cobham' which stopped @198.702 losing me £7 in total.
Account 2 also suffered a stop out, but it was for a profit of £18.47 on French Connection. That will go onto my stop out list, but it would have to come down alot more for me to consider buying it again at this point.
Catch you guys tomorrow when I update the account stats for the week. Have a good weekend.
Friday, 10 December 2010
New trades
As I mentioned yesterday I had some trades lined up for today based on the share tips I receive for Account 1. Three of the tips were AIM shares so couldnt partake in those (£5 per point minimum now on IG Index), but the trades I did make were:
Invensys @331.83
BT Group @182.38
Cobham @208.71
Sports Direct @145.46
Those new positions were all within my spread parameters (less than 5%) and within my account risk (2% max). Had a couple of those before in account 2 so we will see how they perform now they have been tipped.
Have a good weekend guys, I'll post on Sunday with another accounts roundup.
Invensys @331.83
BT Group @182.38
Cobham @208.71
Sports Direct @145.46
Those new positions were all within my spread parameters (less than 5%) and within my account risk (2% max). Had a couple of those before in account 2 so we will see how they perform now they have been tipped.
Have a good weekend guys, I'll post on Sunday with another accounts roundup.
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!
Wednesday, 1 December 2010
My first pyramid!
OK well today I managed my first ever 'pyramid' into a position in ITV. This is the first time I've achieved this so lets hope it doesnt collapse within its first few days. That was in account 2 btw, something Tony advocates in his position trading book. I've pyramided into the trade as it is now in guaranteed profit even if the pyramided position gets stopped out. Not a huge profit as its a low value share but still, I'm pretty excited about it! As well as locking in some profit I did unfortunately suffer a quick loss with 'Resolution' for £12.50.
The FTSE doesnt know what to do with itself at the moment, no point trying to second guess it. I got some stop-outs in account 1: UK coal stopped @35.6 for a loss of £3. I guess the trailing stop was caught short there. I opened up 2 new positions aswell, one in Aberdeen Asset Management @179.95 and one in Serica Energy @50.13.
I will be opening a couple more positions in Account 1 tomorrow so keep an eye out for those.
Happy Trading!
The FTSE doesnt know what to do with itself at the moment, no point trying to second guess it. I got some stop-outs in account 1: UK coal stopped @35.6 for a loss of £3. I guess the trailing stop was caught short there. I opened up 2 new positions aswell, one in Aberdeen Asset Management @179.95 and one in Serica Energy @50.13.
I will be opening a couple more positions in Account 1 tomorrow so keep an eye out for those.
Happy Trading!
Tuesday, 30 November 2010
FTSE falls further
Well the good ol' FTSE has fallen a bit more today, I'm glad to get November out of the way really.
Yesterdays trading looks like this:
Account 1:
Costain stopped out @199.49 losing me £10.50
Datatech stopped out @289.26 losing £13.30
Henderson Group stopped out @118.9 losing £3.20
I opened up new trades in:
TalkTalk @153.78
Melrose Plc @300.45
Brown (N) Group @290.32
Fenner Plc @302.76
Restaurant Group @277.39
Account 2:
Aviva stopped out @368 the same day I bought it @379.1!
Xchanging stopped out @110 costing me £10
Cobham dropped like a brick and stopped me out @194.80 costing £15.
All the above added to my stop out list.
I established 1 new position in MicroFocus @335.1, previously owned but bought at a discount as usual.
After Tonys comment yesterday I requested a withdrawal from Worldspreads to that amount, but have yet to hear anything back from them. We'll see how long it takes for a cash out to occur. Tradefair used to be very good in that respect and their cashouts were usually done same day.
the FTSEs not very happy at the moment, so good luck out there!
The advantage for Account 2 is that the further the FTSE falls the bigger the discount on previously held shares and new positions will be.
Yesterdays trading looks like this:
Account 1:
Costain stopped out @199.49 losing me £10.50
Datatech stopped out @289.26 losing £13.30
Henderson Group stopped out @118.9 losing £3.20
I opened up new trades in:
TalkTalk @153.78
Melrose Plc @300.45
Brown (N) Group @290.32
Fenner Plc @302.76
Restaurant Group @277.39
Account 2:
Aviva stopped out @368 the same day I bought it @379.1!
Xchanging stopped out @110 costing me £10
Cobham dropped like a brick and stopped me out @194.80 costing £15.
All the above added to my stop out list.
I established 1 new position in MicroFocus @335.1, previously owned but bought at a discount as usual.
After Tonys comment yesterday I requested a withdrawal from Worldspreads to that amount, but have yet to hear anything back from them. We'll see how long it takes for a cash out to occur. Tradefair used to be very good in that respect and their cashouts were usually done same day.
the FTSEs not very happy at the moment, so good luck out there!
The advantage for Account 2 is that the further the FTSE falls the bigger the discount on previously held shares and new positions will be.
Friday, 26 November 2010
Soldier on!
It looks like the FTSE is taking a right old battering this morning over the euro farce and North Koreas war-mongering. Every single share on my position trading stop out list is showing a drop in price. Which is great news for picking up bargains but not so great for existing open positions!
Thanks to Alan for his comment on the IG £5 per point situation. I am going to email some other firms today to find out if there is a viable alternative to IG when trading AIM shares. In the mean time I will soldier on...
Anyway I didn't think I was going to do any trading today but I have established 3 new positions this morning.
2 new trades in account 1: London Capital Group @102 and Elementis @117.09.
In account 2 I have re-established an old position in Resolution @224.7.
At an 11% difference from the old price that equates to a saving of £25 by having effective stop losses in place. The price is pretty much close to an old support level as well so I'm hoping it will rebound from it, as long as the FTSE pulls out of this slump! The position trading strategy doesn't rely on technical analysis anyway, its just a coincidence really. For more information on this strategy I suggest you pick up a copy of the book over on the right hand side there.
Had 2 stops on account 2 yesterday. 1 closed at a loss, Grainger Trust @91 and one closed for a profit, Thomas Cook @186.8 for an £11 profit. £2 profit overall, not going to make me rich but its money added to the balance.
Happy trading guys and have a good weekend.
Thanks to Alan for his comment on the IG £5 per point situation. I am going to email some other firms today to find out if there is a viable alternative to IG when trading AIM shares. In the mean time I will soldier on...
Anyway I didn't think I was going to do any trading today but I have established 3 new positions this morning.
2 new trades in account 1: London Capital Group @102 and Elementis @117.09.
In account 2 I have re-established an old position in Resolution @224.7.
At an 11% difference from the old price that equates to a saving of £25 by having effective stop losses in place. The price is pretty much close to an old support level as well so I'm hoping it will rebound from it, as long as the FTSE pulls out of this slump! The position trading strategy doesn't rely on technical analysis anyway, its just a coincidence really. For more information on this strategy I suggest you pick up a copy of the book over on the right hand side there.
Had 2 stops on account 2 yesterday. 1 closed at a loss, Grainger Trust @91 and one closed for a profit, Thomas Cook @186.8 for an £11 profit. £2 profit overall, not going to make me rich but its money added to the balance.
Happy trading guys and have a good weekend.
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!
Thursday, 18 November 2010
BUY! BUY! BUY!
As you can probably guess I established a few more positions today. First lets get the boring stops from yesterday out of the way.
In account 1 MicroFocus stopped out @322.99 for a £4 loss.
In account 2 Punch Taverns stopped out @59.60 for a £15 loss and Mitchells & Butler stopped out @335.05 for a nice little profit of £38.75. Thats another example of the price spiking and then lowering quickly to take out my trailing stop too fast and its already ten points above that stop out price today. I really need to take a deeper look into my trailing stop strategy on these trades to see how I can avoid this from happening. Still, its nice to bank some monies for the account so the trailing stops are working to some extent, I just need to optimise them a little.
Onto todays trades then, firstly in account 1 I have established 6 new positions today based on share tips. These were:
Augean @26
Bellzone Mining @62.16
Blinkx @78.19 (this is a reopen of a closed position due to it being re-tipped in a different service)
Costain @218
Charles Stanley @275.69
Zincox @45
In account 2 I have re-established 3 positions at discounts from previous stops. These are:
McBride @169.3 - a 5% discount on the last stop out
Tribal @25.6 - a 23% discount on the last stop out
Trinity Mirror @74.9 - a 25% discount on the last stop out.
I also have a close eye on MicroFocus too. I know it just stopped out of the pro tips account but I already held it in my position trading account before and its currently at a 13% discount on its old stop out price. The fact it appeared as a share tip is an added bonus, but I feel it has a couple more % to drop first before I rebuy but we'll see.
Happy trading!
In account 1 MicroFocus stopped out @322.99 for a £4 loss.
In account 2 Punch Taverns stopped out @59.60 for a £15 loss and Mitchells & Butler stopped out @335.05 for a nice little profit of £38.75. Thats another example of the price spiking and then lowering quickly to take out my trailing stop too fast and its already ten points above that stop out price today. I really need to take a deeper look into my trailing stop strategy on these trades to see how I can avoid this from happening. Still, its nice to bank some monies for the account so the trailing stops are working to some extent, I just need to optimise them a little.
Onto todays trades then, firstly in account 1 I have established 6 new positions today based on share tips. These were:
Augean @26
Bellzone Mining @62.16
Blinkx @78.19 (this is a reopen of a closed position due to it being re-tipped in a different service)
Costain @218
Charles Stanley @275.69
Zincox @45
In account 2 I have re-established 3 positions at discounts from previous stops. These are:
McBride @169.3 - a 5% discount on the last stop out
Tribal @25.6 - a 23% discount on the last stop out
Trinity Mirror @74.9 - a 25% discount on the last stop out.
I also have a close eye on MicroFocus too. I know it just stopped out of the pro tips account but I already held it in my position trading account before and its currently at a 13% discount on its old stop out price. The fact it appeared as a share tip is an added bonus, but I feel it has a couple more % to drop first before I rebuy but we'll see.
Happy trading!
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!
Friday, 22 October 2010
Pro tips bought
As stated yesterday it was my intention to buy some of the pro share tips I received. So today out of the 5 share tips I got, I have purchased 4 of them. One I didnt purchase as the share price is quite high and it would have required a fair chunk of my acount capital just to cover the position.
So these are the new positions I opened:
Blinx @88.72
Booker Group @54.14
Obtala Resources @44.11
Walker Greenback @39.6
All these have around a 10-15% stop loss applied. Hopefully one of them will turn a decent profit in time. Remember the mantra of "a position trade is a short term trade gone well!"
I also made a new position over in account 2 (the position trading strategy account). I purchased a £1 position of Punch Taverns @74.6.
I wont be doing any more trading now, the only trades will be ones which reach their stop loss and as the FTSE looks pretty stable at the moment I am hoping no trades will close out today.
I'll post current standings in both accounts on a Sunday I think.
Have a good weekend everyone, and remember follow my trades at your own risk. This blog is for educational purposes only and not intended as financial advice in regards to spread betting.
So these are the new positions I opened:
Blinx @88.72
Booker Group @54.14
Obtala Resources @44.11
Walker Greenback @39.6
All these have around a 10-15% stop loss applied. Hopefully one of them will turn a decent profit in time. Remember the mantra of "a position trade is a short term trade gone well!"
I also made a new position over in account 2 (the position trading strategy account). I purchased a £1 position of Punch Taverns @74.6.
I wont be doing any more trading now, the only trades will be ones which reach their stop loss and as the FTSE looks pretty stable at the moment I am hoping no trades will close out today.
I'll post current standings in both accounts on a Sunday I think.
Have a good weekend everyone, and remember follow my trades at your own risk. This blog is for educational purposes only and not intended as financial advice in regards to spread betting.
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