I’ve had a couple of bad days lately and have managed to dwindle my account balance even further. At this juncture, it makes absolute perfect sense to take a look back over my August trades (99 completed and 3 open) to see what went wrong. How many did I win, how many did I lose?
Continue reading “100 Trades Into My Spreadbetting Career – How Am I Doing?”
Have you ever felt like you were doing well with your trades? Well enough to potentially max yourself out? Did it work out for you? My guess is that it probably didn’t. Despite being aware of this in the back of my head, I’ve gone and fallen into the same trap that many of you will have already experienced in the past.
Continue reading “In Up To My Knees”
Have you ever found yourself second guessing when you should close your positions? I had this very same dilemma today with a position I opened yesterday and although I fretted like a girl about it in the beginning, I’ve found a good strategy to help me choose when to close.
Continue reading “When to Close Trades for Profit”
I’m sure you’ve had days like these. I’ve lost almost £500 in the last two days and I’m back to my original account deposit of £500. I’ve refined my trading rules and this afternoon I made my first trade in accordance with them. Did I make a good trade by opening a position on W.H Smith?
Continue reading “My First Trade with My New System: W.H Smith”
So it’s been an eventful couple of weeks. I deposited £500 at the end of July into my spreadbetting account with Ig Index and in the space of two weeks, managed to trade and make a profit of £470, only to trade some more and lose all the profits to take me back to my original starting amount (+/- a few quid). I think I’ve learned a little bit, and will now try trading again, this time with a more disciplined approach.
Continue reading “Starting Again With a £500 Opening Account Balance”
If you thought that yesterday’s losing extravaganza would be enough to make me trade better, youd be completely wrong. Today, I’ve managed to blow all my remaining profits and am literally back to where I started.
Continue reading “I’ve Blown All My Profits”
Before today, I was sitting on a handsome profit of £520. I’d managed to accumulate this since 1st August and was feeling pretty good. A list of all the trades I made to get there can be found in my twitter account. Today, however, I had a bad that saw me lose almost 50% of my profits.
Continue reading “Just When I Thought I was Doing OK: More Mistakes (and More Losses)”
Here’s my explanation of when and why you should short Ocado if you want to make £100 profit. At least, it’s what I’m going to do make £100 profit on Ocado….
Continue reading “When Should You Short Ocado to Make £100 Profit”
Today was my son’s 1st birthday. We celebrated with a bit of a tea party with friends and family that started at about 5.30pm. But, before I could properly get into the mood, I had to check my sums for the day.
Continue reading “Mixed Bag of Results Today”
I’ve held CHW for a couple of weeks now and it’s had a high of £150 paper profit for me. Today the price dropped a few points and reduced my paper profit to £90. I decided to ‘double down’ at this point after reading p.165 chapter VII of ‘Reminiscences of a Stock Operator‘ last night. In the chapter, Jesse Livermore suggests somwthing he describes as ‘pyramiding’. The gist seemed to be that when you are in a positive swing in your direction, buy more, “stocks are never too high for you to begin buying or too low to begin selling”…
Continue reading “Taking Profits to Give Margin Room”