Well the FTSE closed a hundred points away from its peak the other day at 5899. Shame it couldnt hold onto 6k just for the new year but several news feeds reported alot of people taking profits hence the slight fall. Not sure where the logic is there but I guess maybe people want to start 2011 slightly richer!
Anyway I'm guessing my accounts have fallen slightly the last couple of days, but I will make a usual accounts roundup post on Sunday so come back then if you're interested.
Hope you all have a good New Years Eve and good luck with all your trades next year!
Friday, 31 December 2010
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!
Friday, 24 December 2010
Happy Christmas!
Just 1 last post before Santa arrives - I made a couple of trades this morning in account 1 based on pro tips. Most of the tips I received this week I could not execute because of IG Indexs' huge spreads. They were just too damn wide to make any of the trades worthwhile. So the 2 I did manage to make were EMED Mining @10.77 and Renovo Group @65.91. Account 1 had made it to an all time high of £1556 yesterday but today when I opened the trades I noticed that the account was down -£96 for the day so far. Not the kind of Christmas present I wanted!
No new trades on account 2, most of my stop out list is in positive territory (so no viable trades) and nothing else caught my eye. I had one stop out yesterday in Redrow for a £10.90 profit. One good thing is that there are only 2 negative trades in account 2 at the moment, so fingers crossed it stays that way during todays trading. My guess is people will be concentrating on last minute shopping for presents rather than shopping for shares.
I might have time to make a quick accounts roundup on Boxing Day but as I'm out and about visiting relatives it may have to wait. I will check my accounts and make a quick note of their values though for a post once I have more time.
Anyway, all thats left is to wish you all a Merry Christmas and here's to a prosperous New Year!
No new trades on account 2, most of my stop out list is in positive territory (so no viable trades) and nothing else caught my eye. I had one stop out yesterday in Redrow for a £10.90 profit. One good thing is that there are only 2 negative trades in account 2 at the moment, so fingers crossed it stays that way during todays trading. My guess is people will be concentrating on last minute shopping for presents rather than shopping for shares.
I might have time to make a quick accounts roundup on Boxing Day but as I'm out and about visiting relatives it may have to wait. I will check my accounts and make a quick note of their values though for a post once I have more time.
Anyway, all thats left is to wish you all a Merry Christmas and here's to a prosperous New Year!
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!
Monday, 20 December 2010
Liven things up..
Just got back from site, it was minus 12 outside on the way home so not a good time to be outside!
Anyway I thought I'd liven the blog up a bit by posting a graph of how the accounts are both doing since I began trading them 13 weeks ago.
Anyway I thought I'd liven the blog up a bit by posting a graph of how the accounts are both doing since I began trading them 13 weeks ago.
 |
| Performance Graph |
Interestingly the account 1 graph (pro stock tips) is nearly an exact replica of the FTSE 250 graph over the same time time period. I checked out the FTSE performance today on my phone just after dinner and I saw how it had just peaked over 5900 but as usual couldnt hold on and gave back some of the gains in the day.
Going to log onto my account 2 to make sure my trailing stops havent gotten too close because of the FTSE rise. Then I'm off for a little whisky that I received from a very kind client today!
Catch you guys later, happy trading!
Sunday, 19 December 2010
19/12/10 Account Roundups
Time for the weekly figures checkup. Both accounts accumulated a little bit of profit so this weeks figures show:
Account 1: Pro tips strategy account
Overall account value is now £1405.11, about a 5.7% increase on last weeks figure. There is currently £1k of trading resources (positions established) tied up in the account. I don't really want to start tying up the accumulated profit in new trades too quickly, so next week may have less trades in this account.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £999.87, around a 6.1% increase on last weeks figure, the account is nearly back at break even. Lets hope for a small rally in next weeks trading to take it into profit. I still have nearly £700 of trading money to invest in this account so I am hoping that this week I can establish some new positions as its been a quiet last 2 weeks.
Trade well guys!
Account 1: Pro tips strategy account
Overall account value is now £1405.11, about a 5.7% increase on last weeks figure. There is currently £1k of trading resources (positions established) tied up in the account. I don't really want to start tying up the accumulated profit in new trades too quickly, so next week may have less trades in this account.
Account 2: Tony Loton's 'position trading' strategy account
Overall account value is now £999.87, around a 6.1% increase on last weeks figure, the account is nearly back at break even. Lets hope for a small rally in next weeks trading to take it into profit. I still have nearly £700 of trading money to invest in this account so I am hoping that this week I can establish some new positions as its been a quiet last 2 weeks.
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.
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