Last 2 days have been uneventful, none of my current positions have stopped out and I haven't been able to repurchase any of my previous holdings at a cheaper price. Nor have I received any 'pro tips'.
Hopefully more to report tomorrow!
Follow my exploits of spread betting whilst I try out 2 different trading strategies.
Showing posts with label open positions. Show all posts
Showing posts with label open positions. Show all posts
Wednesday, 27 October 2010
Thursday, 21 October 2010
Account 2: one stop loss triggered, two new positions opened.
Ok well today one of my open positions 'Hansen transmissions' hit its stop loss of 42.4, giving me an overall loss on the position of £4.70. When I checked later it had already gone back up to 50.0 so it could be a while before I am able to get back in at the cheaper price. Part of the stategy dictates that you cannot buy the share back at a more expensive price than it stopped out at.
My two new buys were 'Punch Taverns' and 'Hardys Oil & Gas' for 74.6 and 196.5 respectively. Both these are old buys that stopped out at a higher price than I have bought them for today. In fact the Hardys share is at a pretty big discount at the older stop out price of 231.0. So I am hoping it will get back to around that same price at some point for a nice £35 profit.
I will be making a couple of trades on Account 1 tomorrow, so watch this space!
My two new buys were 'Punch Taverns' and 'Hardys Oil & Gas' for 74.6 and 196.5 respectively. Both these are old buys that stopped out at a higher price than I have bought them for today. In fact the Hardys share is at a pretty big discount at the older stop out price of 231.0. So I am hoping it will get back to around that same price at some point for a nice £35 profit.
I will be making a couple of trades on Account 1 tomorrow, so watch this space!
Labels:
open positions,
spread betting accounts,
stop losses
Wednesday, 20 October 2010
Account 2
So todays post will cover my second spread betting account. This is the account in which I follow a position trading strategy which can mean daily trades, so in regard to this blog it will have more activity than the first account.
I started this account with the exact same deposit as the first account from yesterdays post - £1000GBP. So both accounts started on an equal footing. As stated above, because the strategy involves a daily routine of checking the FTSE markets after each daily close this means that there is potential for at least 1 trade per day whilst account funds allow.
So here are my current open positions on this account which currently show an £84.45 profit:
So these are all my current open positions. As with 'account 1', some positions have closed before starting this blog either by hitting their stop losses or a trailing stop therefore realising a profit.
I have several stocks I have in mind to open positions on before the end of the week if their price is right so watch this space!
So there you have it, full details of both accounts. Account 1 remember is built up of stocks from pro stock tips I have received and Account 2 above is based on a proper position trading strategy.
Hopefully in later posts I will go into more details about both accounts and along the way give out tips for any beginners out there.
In the meantime, check out my recommended reading lists on the right hand side - I have both UK and U.S. versions.
I started this account with the exact same deposit as the first account from yesterdays post - £1000GBP. So both accounts started on an equal footing. As stated above, because the strategy involves a daily routine of checking the FTSE markets after each daily close this means that there is potential for at least 1 trade per day whilst account funds allow.
So here are my current open positions on this account which currently show an £84.45 profit:
So these are all my current open positions. As with 'account 1', some positions have closed before starting this blog either by hitting their stop losses or a trailing stop therefore realising a profit.
I have several stocks I have in mind to open positions on before the end of the week if their price is right so watch this space!
So there you have it, full details of both accounts. Account 1 remember is built up of stocks from pro stock tips I have received and Account 2 above is based on a proper position trading strategy.
Hopefully in later posts I will go into more details about both accounts and along the way give out tips for any beginners out there.
In the meantime, check out my recommended reading lists on the right hand side - I have both UK and U.S. versions.
Tuesday, 19 October 2010
Account 1
One of the pitfalls of working from home is sometimes you get a project that needs completing quickly and as you dont have the usual work routine of actually leaving the workplace to go home on a night that means that sometimes you end up working very long hours sat in your home office. That's where I've been for the last 2 days!
So anyway as promised I'm going to go through one of the accounts and show my current open positions.
This account is the 'pro share tips' account, so I only open new positions in the account when I receive share tips from either of 2 sources. I'm not going to reveal my tip sources here so please don't ask, but I will be showing which new positions I open as and when they happen.
So the account started with £1k in it (around $1570) and is currently showing a slight profit of £0.64. Here are all my current open positions:
So anyway as promised I'm going to go through one of the accounts and show my current open positions.
This account is the 'pro share tips' account, so I only open new positions in the account when I receive share tips from either of 2 sources. I'm not going to reveal my tip sources here so please don't ask, but I will be showing which new positions I open as and when they happen.
So the account started with £1k in it (around $1570) and is currently showing a slight profit of £0.64. Here are all my current open positions:
I've had one or two positions close before this point, either through hitting their stop loss or dropping in value after their trailing stop has triggered and therefore realising a profit. For the sake of this exercise I will forget about those previous trades and from this point on document the current open positions and any new trades I make.
All the above trades were based on share tips only. In my next blog entry I will show you my current positions open in my Account 2 - following a position trading strategy. See you then!
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