After reading the pdf over on spread betting beginners forum (see yesterdays post), I think I finally got my head around when to start pyramiding into positions within my own account. So I reassessed my current open profitable positions and this morning I pyramid into 8 of them! Obviously by the end of play today the market dropped around 1% but not everday will be like this and fingers crossed a couple of those new pyramids will end up replicating my most successful one in ITV.
Like I mentioned before I think the aspect of when to pyramid has held me back a little with the position trading strategy, so sometimes I feel it may be showing a little less profit than maybe it should. Hopefully I will remedy that with my new found pyramiding confidence! Obviously it wont all be silver linings, as pyramiding into positions means I can now lose money twice as fast, but if I want to make any money in this spread betting malarky then I need to grab the cash cow by both horns and build that pyramid when my winning positions are edging ahead. The trend is your friend as they say!
No new sharetip trades for account 1 and no brand new positions established in account 2 either, but I have my eye on a trade in M&S for tomorrow - it fell again today and is nearly at a very long term support level, so I think I will get in there and see if it bounces straight off it for some quick profit with a pretty decent upside.
Happy trading!
Showing posts with label position trading strategy. Show all posts
Showing posts with label position trading strategy. Show all posts
Monday, 21 February 2011
Sunday, 20 February 2011
20/02/2011 Accounts Roundup
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!
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!
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.
Saturday, 15 January 2011
Position Trading Second Edition
Some of you will know that I am spread betting with two different strategies, one of the two spread betting strategies I am running on this blog is the Tony Loton's 'position trading strategy'. The strategy is outlined and explained in great detail in his position trading book - a simple but very effective way of trading. Well I'm pleased to see that he has just published his second edition of this book and it is still an excellent read. It includes new more detailed information plus an update on his publicly traded portfolio amongst other bits and pieces. I still think that it is an excellent system for spread betting and I have updated the link to the book on amazon over on the right there or you can click here to purchase it at a very good price. For those of you who havent got around to reading it yet I suggest you pick up a copy straight away. For those of you that own a copy of the first edition I still think it is worth buying just so you can read it and refresh yourself with the position trading strategy. I have just finished it and its good to remind yourself of every aspect of the system and at that price its a steal. It may not make you rich but it will definately enable you to improve your spread betting tenfold.
I had a couple of stops hit on the accounts yesterday as the market dropped a little towards mid-day. In account 1 the position in Fenner plc that I only just established on Wednesday hit its stop, but for a profit of £15 - looking at the share graph it seems it shot up the very next day but came down again pretty rapidly and because my trailing stop had moved up it got taken out quite early. Still a win is a win!
In account 2 (Tonys strategy) I had another stop trigger in 888, for another profit of £20. Thankfully most of my stops over the last couple of weeks have been for 'locked in' profitable trades, which is one of the major parts of the overall position trading strategy.
The FTSE 100 ended just over the 6k mark so up for the week very slightly, The FTSE all share index ended up on 3115 so again up for the week. I'll post my usual weekly roundup figures tomorrow - for now I'm going to go check my accounts and adjust stops ready for Mondays open.
I had a couple of stops hit on the accounts yesterday as the market dropped a little towards mid-day. In account 1 the position in Fenner plc that I only just established on Wednesday hit its stop, but for a profit of £15 - looking at the share graph it seems it shot up the very next day but came down again pretty rapidly and because my trailing stop had moved up it got taken out quite early. Still a win is a win!
In account 2 (Tonys strategy) I had another stop trigger in 888, for another profit of £20. Thankfully most of my stops over the last couple of weeks have been for 'locked in' profitable trades, which is one of the major parts of the overall position trading strategy.
The FTSE 100 ended just over the 6k mark so up for the week very slightly, The FTSE all share index ended up on 3115 so again up for the week. I'll post my usual weekly roundup figures tomorrow - for now I'm going to go check my accounts and adjust stops ready for Mondays open.
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!
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!
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, 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!
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!
Saturday, 13 November 2010
Woohoo! Profit!
Ok so this morning I received my usual midnight email from Worldspreads for Account 2 and after the last few days I presumed it would be another loss. To my surprise it was actually a nice trailing stop that had closed at a profit. Savills closed at 363.05 giving me a profit on the trade of £65.05, just what this account needed at the moment.
I also opened a new very small test position in Cairn Energy @379.20. This is one that had stopped out previous in an old account and the share has gone thru some tough times recently due to disappointing results in their Greenland explorations. This means I'm opening this position at a whopping 17.5% discount on my last position, a very big saving. We'll see how it goes.
No action on account 1 at all yesterday.
Tune in tomorrow for account figures updates, and hopefully you guys did OK during last weeks trading.
I also opened a new very small test position in Cairn Energy @379.20. This is one that had stopped out previous in an old account and the share has gone thru some tough times recently due to disappointing results in their Greenland explorations. This means I'm opening this position at a whopping 17.5% discount on my last position, a very big saving. We'll see how it goes.
No action on account 1 at all yesterday.
Tune in tomorrow for account figures updates, and hopefully you guys did OK during last weeks trading.
Friday, 12 November 2010
Coming down like a lead balloon
Account 2 suffered 2 more stop outs, Qinetiq group stopped out losing £12.30 and Trinity Mirror that I've had for a while stopped at a loss of £13.80. Not all doom and gloom as Aviva stopped out for a profit of £9.45. All 3 get added to my stop list.
I also made 2 more opening trades in the account, small positions in Xchanging @120 and 888 @40.3.
In account 1 I've had no stop outs and made 4 new opening trades based on share tips. These were
IQE @40.85, Photo-me @62.16, Chariot Oil & Gas @189.97 and Henderson Group @132.63. See if we can bag us a winner on one of them. 2 positions in this account have actually started showing a profit after the last 2 weeks of breakeven play. I'll update account figures on Sunday, if I suffered any stops on Account 2 during today I will report on those tomorrow.
I really think the market has found resistance at the moment, so long only strategies may start to suffer but we shall see.
I also made 2 more opening trades in the account, small positions in Xchanging @120 and 888 @40.3.
In account 1 I've had no stop outs and made 4 new opening trades based on share tips. These were
IQE @40.85, Photo-me @62.16, Chariot Oil & Gas @189.97 and Henderson Group @132.63. See if we can bag us a winner on one of them. 2 positions in this account have actually started showing a profit after the last 2 weeks of breakeven play. I'll update account figures on Sunday, if I suffered any stops on Account 2 during today I will report on those tomorrow.
I really think the market has found resistance at the moment, so long only strategies may start to suffer but we shall see.
Thursday, 11 November 2010
IG notification emails do work!
Well as usual I was snowed under with work yesterday so unable to update on here. It was nearly midnight when I finished so thought I may aswell wait till I received the days statement from WorldSpreads and make 1 post this morning about both days trades.
Tues:
As promised I made some new trades on Account 2. These were:
Royal Bank of Scotland @44, Sports Direct @130.46, Cobham @209.8, MITIE Group @204.9, DART Group @81.95, French Connection @53.4 and Booker Group @55.8.
Hopefully one of those will shoot up in value at some point! Thankfully no stop orders were triggered on Tuesday in either account so it was just a day of buying.
Weds:
I got my first email notification from IG Index so it confirmed that they have set everything up as promised. Unfortunately I knew it was a stop because I had made no new opening trades in this account for nearly a week. Hill & Smith Holdings stopped out @271.80 for a loss of £16. Unlike Account 2 where I would add this to a stopped out list for repurchase at a lower price, I wont be doing that with stops from Account 1as the stop out list is specific to Tony Lotons position trading strategy. So I will use the freed up trading funds to buy a new pro tip later on today.
As for Account 2, I suffered another stop out with Interserve @189.40 losing me £18. This one I WILL add to my stop out list. A bit dissapointed with the recent spout of stop outs recently but I guess it proves the current volatility in the market. I have made some very nice quick profits trading in real shares over the last 3 months so I wish the same would happen here! Anyway, plenty of time to turn things around.
Happy trading guys!
Tues:
As promised I made some new trades on Account 2. These were:
Royal Bank of Scotland @44, Sports Direct @130.46, Cobham @209.8, MITIE Group @204.9, DART Group @81.95, French Connection @53.4 and Booker Group @55.8.
Hopefully one of those will shoot up in value at some point! Thankfully no stop orders were triggered on Tuesday in either account so it was just a day of buying.
Weds:
I got my first email notification from IG Index so it confirmed that they have set everything up as promised. Unfortunately I knew it was a stop because I had made no new opening trades in this account for nearly a week. Hill & Smith Holdings stopped out @271.80 for a loss of £16. Unlike Account 2 where I would add this to a stopped out list for repurchase at a lower price, I wont be doing that with stops from Account 1as the stop out list is specific to Tony Lotons position trading strategy. So I will use the freed up trading funds to buy a new pro tip later on today.
As for Account 2, I suffered another stop out with Interserve @189.40 losing me £18. This one I WILL add to my stop out list. A bit dissapointed with the recent spout of stop outs recently but I guess it proves the current volatility in the market. I have made some very nice quick profits trading in real shares over the last 3 months so I wish the same would happen here! Anyway, plenty of time to turn things around.
Happy trading guys!
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!
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.
Friday, 29 October 2010
2 New positions
Today I established 2 new trades in the position trading account.
These were 'Helphire' @22.1 and 'Mouchel' @88.4.
Both these shares I have held positions in before, Helphire stopped out and Mouchel I owned in a previous account and closed the position in profit. As the principle of this strategy is to buy at a lower price than when you last got stopped out/sold at, both these shares I have picked up at a discount compared to last time I owned them. Helphire I have got at a 39% discount on my last stop out price and Mouchel I have got at a 29% discount. Therefore I have saved myself money on the fall of price from when these 2 last stopped out.
You can find out more about the position trading strategy I am using by purchasing Tony Lotons' book over on the right there. As I own the book myself it would not be fair on the author if I revealed the full extent of his strategy on this blog - it is well worth the purchase.
As I write this the FTSE is up a measly 0.06%, but hopefully enough to keep all my current positions open. The aim of the game is not to get stopped out!
These were 'Helphire' @22.1 and 'Mouchel' @88.4.
Both these shares I have held positions in before, Helphire stopped out and Mouchel I owned in a previous account and closed the position in profit. As the principle of this strategy is to buy at a lower price than when you last got stopped out/sold at, both these shares I have picked up at a discount compared to last time I owned them. Helphire I have got at a 39% discount on my last stop out price and Mouchel I have got at a 29% discount. Therefore I have saved myself money on the fall of price from when these 2 last stopped out.
You can find out more about the position trading strategy I am using by purchasing Tony Lotons' book over on the right there. As I own the book myself it would not be fair on the author if I revealed the full extent of his strategy on this blog - it is well worth the purchase.
As I write this the FTSE is up a measly 0.06%, but hopefully enough to keep all my current positions open. The aim of the game is not to get stopped out!
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