Posts Tagged spreadbet
I read officially that we are in bear market territory, this is where the markets have fallen 20% from their highs... the state of the economy is not looking good and the financial sector especially is taking a bashing.
However, I took a few scalp trades today... I am having some real problems holding trades which is my biggest weakness in the markets... trading psychology plays a huge part and I am letting myself down when the markets are going my way.. I feel inclined to take a profit whic
July 9, 2008
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I'm back on my spreadbetting account trading the Dow Jones.
My first trade was a decent short I felt as the stochastics were overbought and the MACD was showing negative divergence... it's gotta be heading downwards. Indeed, it did head lower but only 10 points so before it headed higher and hit my stop. I was very paid for this traded and let it ride hoping that the resistance level around 12830 would contain it.. unfortunately, it didn't and I got stopped out for -14.
As it broke above t
May 13, 2008
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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
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