..of why you need to have trailing stops in place! The FTSE dropped nearly 2% in todays trading session, and I saw no less than 10 of my positions in 'account 1' (pro share tips account) get stopped out. Some got stopped out for decent overall profits but some were also losing positions. I can't be too down about it though, the market has been kind to my accounts over the last few weeks and it couldn't and wouldn't continue like that forever.
In fact todays post was going to be about two positions that had that stopped out yesterday 'prematurely'. They had both risen fast during the day and come down just as fast towards the end of the days session and taken out both their trailing stops that I had in place on them. But overall their stock charts were showing both shares still in an overall uptrend so I was a bit gutted they had hit their trailing stops because in theory they still had some way to go... until today!
Funny how things turn out.
My post was going to be about the fact my default trailing stop on new positions is 2xATR (Average True Range). For those of you that are unsure, the ATR on a stock measures its volatility - this takes a stocks highs and lows over a set period based on values on an intraday, daily, weekly or monthly period. The default period is 14 but I lean more towards 10 and use it on daily graphs. This value therefore gives me an average of how much a stock has moved over the last 10 days. Usually the value doesnt change too dramatically if you increase the period from 10 to 14 anyway. So like I said, I tend to have my trailing stop setup as 2xATR on a stock, e.g. a stock at 100p may have an daily ATR of 6p, hence my default trailing stop (2xATR) will be at 88p when I first establish the position. *Phew*
Anyway my point being (yes there is one!) I noticed recently that sometimes when a stock gets some good news (like William Hill did yesterday) and the price suddenly spikes due to increased buying, the trailing stop of 2xATR doesnt seem to be enough when that buying action settles down and the price drops. i.e. the last few weeks of its average daily range just goes out the window! It doesnt really concern me when the price doesnt drop that same day because I manually check my stops most evenings and I can see positions that are close to stopping out - It is the stocks that drop that same day whilst I am not watching my positions that are sometimes getting stopped out unnecessarily because of a price spike. I may have to start looking at the daily biggest winners list at Yahoo Finance during my lunch hour just to check if one of my shares has suddenly skyrocketed in price. Then if needs be I can check that the ATR hasnt suddenly doubled in value.
So from being very dissapointed with those 2 positions being taken out prematurely last night, obviously I end up looking like a hero because the markets came down and both shares dropped today. Hence I banked my profits at exactly the right time... But it could have easily ended up going the other way and leaving me bitterly dissapointed. So if anyone has any suggestions on positioning stops other than multiplications of ATR then drop me a comment, I'd be interested at looking at this in a different way. Maybe even leaving a stop without a trail once its risen past 2xATR...
Anyway hold onto your trading seats because tomorrows market could be another bumpy ride!
Showing posts with label stop loss triggered. Show all posts
Showing posts with label stop loss triggered. Show all posts
Thursday, 20 January 2011
Tuesday, 11 January 2011
2 stops - 1 bad, 1 good.
The market fell a little yesterday and as a result I had 2 stops, 1 in each account. In Account 1 my position in 'Fenner Plc' closed out with a loss of £9. In account 2 my position in 'Thomas Cook' hit its stop loss but for a profit of £14. No new positions established so far this week. I've received some share tips but with the market on the rise today I need to make sure I dont pay over the recommended prices for them before I purchase. I'll keep you informed if I go through with any.
Happy trading!
Happy trading!
Tuesday, 21 December 2010
Another pyramid
I managed to 'pyramid' into another position today in Account 2. My trade in Tribal has shown a very healthy profit and so the new second position established means I would still show a nice profit overall even if it fails. Its all about backing your winning horses and cutting off the losers quickly!
I did however suffer a losing stop yesterday in 'Home Retail Group', so that has joined all the other stopped out trades on my stop out list.
I also managed to make my first new trade in 2 weeks on account 2. It was a new position in Partygaming, bought at a healthy 14% discount on my previously held price. Its not too far off a major support line, so I have a £10 risk on it and even if it does fall a little, chances are it will rebound off support before I get stopped out.
Trade well guys!
I did however suffer a losing stop yesterday in 'Home Retail Group', so that has joined all the other stopped out trades on my stop out list.
I also managed to make my first new trade in 2 weeks on account 2. It was a new position in Partygaming, bought at a healthy 14% discount on my previously held price. Its not too far off a major support line, so I have a £10 risk on it and even if it does fall a little, chances are it will rebound off support before I get stopped out.
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.
Thursday, 9 December 2010
2x4
Just a quick update on how things are going, I havent made a post this week so far as nothing has really happened until today, Mon to Weds trading just saw most of my positions in both accounts either static or steadily rising. Today I got notification of 4 stops on both accounts emailed to me. In account 1 all 4 stops were for a loss varying between £3-8. All 4 stops on account 2 closed in profit, for a total of around £30 so a welcome boost to that account. Not made any new trades on account 2 because of the market rise. Everything on my stop out list has pretty much risen since they stopped out so no new trades have really been available from there. I'll be making my usual share tip trades over the next 2 days so I will report back here on what I bought.
Hope you guys are making monies, take care!
Hope you guys are making monies, take care!
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.
Thursday, 25 November 2010
Plans go down the drain...
Ok well today I had quite a few trades planned as I'd received alot more tips than usual for the pro tips account. Thing is a lot of the share tips are low value AIM shares, which is actually pretty good for the account as it means I can keep my risk within levels I find acceptable. But.. I ran into a bit of a snag today on my IG Index account when I tried to establish positions - most of the AIM index shares now seem to be a minimum of £5 per point! Which means that I can no longer afford to trade these share tips on this account. I don't know when they changed this, as one position I wanted to open in 'President Petroleum' was one I already had once in this account for £1 per point. In fact if I look back quickly this position only closed a few days ago. Why IG have done this is beyond me, maybe they dont want small players' business anymore? Anyone else out there notice this?
It kinda sucks, as in order to run the strategy properly and fairly I need access to the AIM shares market. So if anyone out there can recommend an alternative to IG and they know for definite that I can establish positions of £1 per point then give me a shout. I hate the fact I may have to switch accounts as I was very happy with the IG interface and their range of markets is superb. From many reviews I have read on other spread betting platforms there are not that many good alternatives out there. *sigh*.
So now the bad news is out the way I may aswell list the couple of trades I did manage to setup on there today. I established new positions in UK Coal @41.85, CVS Group @105.51 and Dominion Petroleum @5.11. As I stated in yesterdays post I had already received 3 stop notifications from IG. Thankfully I didnt receive anymore and so far today no others have stopped out. All 3 trades were a loss as none stopped out for a profit, these were:
St James Place @240.50 for a £2.22 loss
Segro @279.72 for a £4.10 loss
Hampson Industries @26.43 for a £3.30 loss
No stops and no trades on account 2 today, not through lack of looking though. Just nothing at the moment that is ready for buying.
Trade well guys!
It kinda sucks, as in order to run the strategy properly and fairly I need access to the AIM shares market. So if anyone out there can recommend an alternative to IG and they know for definite that I can establish positions of £1 per point then give me a shout. I hate the fact I may have to switch accounts as I was very happy with the IG interface and their range of markets is superb. From many reviews I have read on other spread betting platforms there are not that many good alternatives out there. *sigh*.
So now the bad news is out the way I may aswell list the couple of trades I did manage to setup on there today. I established new positions in UK Coal @41.85, CVS Group @105.51 and Dominion Petroleum @5.11. As I stated in yesterdays post I had already received 3 stop notifications from IG. Thankfully I didnt receive anymore and so far today no others have stopped out. All 3 trades were a loss as none stopped out for a profit, these were:
St James Place @240.50 for a £2.22 loss
Segro @279.72 for a £4.10 loss
Hampson Industries @26.43 for a £3.30 loss
No stops and no trades on account 2 today, not through lack of looking though. Just nothing at the moment that is ready for buying.
Trade well guys!
Wednesday, 24 November 2010
No buying, just selling!
No post yesterday as I was caught up building my new custom PC all evening after work. Bit of a geek I know but I love building new computers and seeing what performance I can grind out of them. *ahem*
Anyway, last couple of days have seen just stops and no new positions. I have my eye on a few but they are not quite buys yet. I noticed Micro Focus has started to fall back down a bit so it may end up a possibility again at some point.
Yesterday saw 2 stops in both accounts. Firstly in account 1 President Petroleum stopped out @65.83 giving me a £5 loss, and Sable Mining stopped out @25.45 dishing out a loss of £6.
Account 2 gave me a loss of £11.65 when both Cable & Wireless and Mitie group both hit their stop losses.
I've had 3 emails from IG index about stops in account 1, but I will report on those tomorrow. Hopefully a bit of buying action too, catch you then.
Anyway, last couple of days have seen just stops and no new positions. I have my eye on a few but they are not quite buys yet. I noticed Micro Focus has started to fall back down a bit so it may end up a possibility again at some point.
Yesterday saw 2 stops in both accounts. Firstly in account 1 President Petroleum stopped out @65.83 giving me a £5 loss, and Sable Mining stopped out @25.45 dishing out a loss of £6.
Account 2 gave me a loss of £11.65 when both Cable & Wireless and Mitie group both hit their stop losses.
I've had 3 emails from IG index about stops in account 1, but I will report on those tomorrow. Hopefully a bit of buying action too, catch you then.
Monday, 22 November 2010
1 loss, 1 profit.
I'm not usually going to post on a Monday but seeing as I've finished my work for the day and its a short post I thought 'why not?'.
So both stops occured on account 1, one profit of £25.27 on Segro sold @265.83 (yey!) and one loss of £3.30 on JJB @5.4 (boo!)
I really think JJB are going down the plug hole unfortunately.
Trade well!
So both stops occured on account 1, one profit of £25.27 on Segro sold @265.83 (yey!) and one loss of £3.30 on JJB @5.4 (boo!)
I really think JJB are going down the plug hole unfortunately.
Trade well!
Saturday, 20 November 2010
I guess I got shafted twice!
OK well yesterday I kept my eye on Microfocus and of course it started moving upwards earlier than I predicted. But as you know the beauty of working from home is I can keep a closer eye on prices and jump in and trade whenever I want. Well half of that statement is true because Worldspreads decided not to let me log into my account all day so I missed the boat completey on Microfocus and just had to sit there and watch it rise even further. *sigh!*
I'd also put in an offer on a property I was looking at, and lets just say that due to the dodgy estate agent and the secret handshake club I missed out by such a small margin that it was obvious to a blind man I was stitched up. Another *sigh!*
Anyway enough of my personal woes, I didn't make any new trades yesterday (thanks Worldspreads) so all I have for you are stop outs, sorry!
In Account 1, Hardy stopped out @284.27 losing me a clean £10 and Novae Group stopped out @335.15 losing me £5.
Account 2 saw Wincanton that I recently purchased drop like a brick from a roof and it looks like I suffered slippage as I lost £18 @197.50.
I'll give a Sunday roundup of account figures as they stand, I doubt it will be pretty!
I'd also put in an offer on a property I was looking at, and lets just say that due to the dodgy estate agent and the secret handshake club I missed out by such a small margin that it was obvious to a blind man I was stitched up. Another *sigh!*
Anyway enough of my personal woes, I didn't make any new trades yesterday (thanks Worldspreads) so all I have for you are stop outs, sorry!
In Account 1, Hardy stopped out @284.27 losing me a clean £10 and Novae Group stopped out @335.15 losing me £5.
Account 2 saw Wincanton that I recently purchased drop like a brick from a roof and it looks like I suffered slippage as I lost £18 @197.50.
I'll give a Sunday roundup of account figures as they stand, I doubt it will be pretty!
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!
Tuesday, 9 November 2010
Not much action, but a profitable trade triggered!
I guess I should explain that this blog will generally run 24hrs behind my actual trades. This is partly down to my work schedule but also due to the fact that I get my daily statements from WorldSpreads around midnight every night, so its easier for me to report any trades I made earlier the following day. So until that changes, there wont be many posts made on a Monday.
So now I got that explanation out the way, yesterday was pretty uneventful, mainly due to the fact I was asked to go into a clients office for a meeting all day that ruined my plan of action trading-wise.
But the day wouldn't be complete without some stop outs! Actually one stopped out in Account 2 making a profit, I think the first proper reported one so far. Resolution had gotten up to around £22 profit as I reported on Sunday, but sadly it dropped down and hit my trailing stop but the silver lining is I made a £19.70 profit on the trade. Ker-ching! Maybe next time I will keep my mouth closed about the profitable open trades!
I think a few people may have been caught out by Tribal Groups latest share price and I didnt escape unscathed, a loss of £10.20 racked up for me and another one for my stopout list.
I did make a couple of trades today in Account 2, but I'll wait for my statement to come through later tonight and report fully on those tomorrow.
No action at all on Account 1, unless IG Index didnt set up my instant email notifications like they said they had. I didn't receive any emails about any trades but I'll double check on that tomorrow aswell.
Happy trading!
So now I got that explanation out the way, yesterday was pretty uneventful, mainly due to the fact I was asked to go into a clients office for a meeting all day that ruined my plan of action trading-wise.
But the day wouldn't be complete without some stop outs! Actually one stopped out in Account 2 making a profit, I think the first proper reported one so far. Resolution had gotten up to around £22 profit as I reported on Sunday, but sadly it dropped down and hit my trailing stop but the silver lining is I made a £19.70 profit on the trade. Ker-ching! Maybe next time I will keep my mouth closed about the profitable open trades!
I think a few people may have been caught out by Tribal Groups latest share price and I didnt escape unscathed, a loss of £10.20 racked up for me and another one for my stopout list.
I did make a couple of trades today in Account 2, but I'll wait for my statement to come through later tonight and report fully on those tomorrow.
No action at all on Account 1, unless IG Index didnt set up my instant email notifications like they said they had. I didn't receive any emails about any trades but I'll double check on that tomorrow aswell.
Happy trading!
Tuesday, 2 November 2010
Paragon
Well I had 1 position stop out yesterday, that was Paragon @150.70 for a £15 loss. Another for my stop out list, hopefully repurchase it at a cheaper price sometime.
I was snowed under with my business over the weekend so never got chance to come on here and give my account figures for the week. Now that they have changed I dont have the figure from Friday evening after market close so you'll have to tune in this Sunday for account roundups, sorry!
I was snowed under with my business over the weekend so never got chance to come on here and give my account figures for the week. Now that they have changed I dont have the figure from Friday evening after market close so you'll have to tune in this Sunday for account roundups, sorry!
Thursday, 28 October 2010
CSR gaps down plus more pro tip purchases
Well yesterday CSR gapped down very quickly stopping me out at 288.30 for a total loss of a huge £56.10. Not good news really and that shows the disadvantages of not having a guaranteed stop loss in place. Party gaming also stopped out at 268.75 for a smaller loss of £11.65. I've added both stocks to my watch list to hopefully have an opportunity of repurchasing them at a lower price but as of 15:00hrs today CSR was already back up to 314. Just one of those things really when having stop losses in place, sometimes you suffer from gapping when the price drops fast triggering your stop only to rebound very quickly meaning you cant get back in at a decent price.
Anyway you have to plod on, I made quite a few pro share tip purchases today so here they are in no particular order:
Afren @126.52
Hill & Smith @310.52
Hampson @31.58
Northgate @245.0
Micro focus @380.15
St James Place @278.19
Vectura @61.65
Chrysalis @110.18
All of them have around a 15% stop order placed on them dependant on price.
I wont be making anymore pro tip purchases again this week but I will update any activity involved on my normal position trading account so please tune in tomorrow at some point.
Anyway you have to plod on, I made quite a few pro share tip purchases today so here they are in no particular order:
Afren @126.52
Hill & Smith @310.52
Hampson @31.58
Northgate @245.0
Micro focus @380.15
St James Place @278.19
Vectura @61.65
Chrysalis @110.18
All of them have around a 15% stop order placed on them dependant on price.
I wont be making anymore pro tip purchases again this week but I will update any activity involved on my normal position trading account so please tune in tomorrow at some point.
Subscribe to:
Posts (Atom)