Posts Tagged shorting

Almost a full day’s trading

Almost a full day's trading

I had a day off from work today and I thought I'd try and sit through a whole session trading. However, what happened was that I traded the FTSE in the morning, then went out for lunch and then back in the evening again. I traded the FTSE early in the morning It was a quick 10 minute trade where I went long at around 5500 (nice round number) and then exited 20 points later at 5520. As you know, I like stochastics a lot and the timing of the entry and exit were due to the stochastics cr

March 17, 2008 No Comments Full Story

The problem with tight stops and spreadbetting – FTSE shorting

I put on a FTSE short this morning on my spreadbetting platform at 5780 with a stop at 5820.. it started off a bit dodgy and then hit my stop by 0.5 points before falling (5820.5)!!! Arrrgh! This is really annoying and I ended up nursing a 40 point loss. The price is currently 5745 which would have been a nice profit at this stage!! I should have put the stop a bit higher, I was thinking of it as it had previously bounced at this level. With spreadbetting companies, they move their spreads

January 28, 2008 No Comments Full Story

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