Posts Tagged standard and poor
I went long at the break of the previous high in the S&P at around 1378... I actually got in at 1379.48 due to the spreadbetting spreads which you pay rather than their commission charges... they move their spreads about meaning that you can lose half a point (in S&P terms) per transaction... and upto a while point when doing a round trip.
Anyway, the market went up and I got out at 1381.53 (I actually closed when the chart reached 1382 which was my target exit) for the equivalent of
May 27, 2008
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That's how I'm feeling at the moment! It's funny how the joy of winning doesn't compare with the feeling of depression and despair of losing.
I did ok yesterday and today, I lost but I feel much worse today than the joy I experienced yesterday. In fact, I expect to at least be up every day so unless I make a lot of gains, I don't feel any joy or pleasure in my trading winnings. For those that follow my blog, you'll notice that I can't seem to ride those winners well so there is hardly ever an
May 20, 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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