I've decided to start this blog as a diary of my trades, successes and failures.

Reason for is to realise from my own mistakes of bad trades with a view to sharpen these up, this is for all to see.

All opens and closes will not be posted in live time but instead I will disclose all trades at the end of the week and will be verified with actual screenshots.
Targets for week ahead wil be given from all target markets and shall be broken down.
Target markets are Ftse100, Dow Jones Industrial Average(DJIA) and S&P500.

Any targets not reached will have a reason attached, giving reasons for not hitting targets (this happens) and what went wrong (I make mistakes), however is no excuse.

The overall goal is to provide hope for new (and old) traders that may find it difficult to get into (or for some, get out) of bad habits in trading and hopefully provide inspiration that money can be made from the markets.
Steady and consistantly is the key.

My trading style is that of a long term view mainly using fundamentals but with a technical approach for entry and exits. Some contracts can be held for many weeks, sometimes months before realising profits and drawdowns are obviously part and parcel of the trading game.

Any one with a long term view should be able to make money simply by leaving the cash on the index over a long period of time(years), however, outside factors make it difficult for one to be truely successful due to contract expiry dates.

It is with my intention to not just beat the index gain for the year but at least look at a return 3 to 8 times higher than the average index gains against margin on account. (this will differ from spreadbetting to direct access).

Lee Shepherd

8th to 14th September 2008 Posted 13-09-2008 at 12:46 PM by Lee Shepherd Market Comment: FTSE closed at 5416 up +176 on week. Right, we are still looking for that boost above 5500, we keep getting there only to be put back down again quicker than Amir Khan. I am now a little cautious about any pending Shorts above 5500 and am now looking for light Shorts above 5600, maybe 5700. This is borne out of the idea that we could see a rally on top of a rally, the first one holding, the second coming back down to where it started. This I feel could happen... Continue reading... Lee Shepherd Legendary Member

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1st to 7th September 2008 Posted 06-09-2008 at 05:47 AM by Lee Shepherd Market Comment: Ftse closed at 5240 down -396 on week. Wow, what an end to the week. As soon as that 5500 level broke, to which it held for a short while, slid faster than we could make a succesful analysis on any positions. Shorts where closed out completely so missed the boat on the majority of the action. Longs are now firmly back in play to the tune of 100% and are now working off December contracts for Longs and any shorts will be quick, so, Oct/Nov contracts will be... Continue reading... Lee Shepherd Legendary Member

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25th to 31st August 2008 Posted 30-08-2008 at 07:12 AM by Lee Shepherd Market Comment: Ftse closed at 5636 up +130 on week. We got what we wanted, anyone that has entered long above the 5500 level should now be cautious of any fall back to below this level. Now we have shot firmly above 5600 could represent a small Short position to be traded upto 5800 but out at 5500 and within the next 4 weeks. The shorts should be less than any Long positions to the tune of around 80% Long, above 5700 around 60-70% Long and trade to 5800 with mostly Shorts... Continue reading... Lee Shepherd Legendary Member

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18th to 24th August 2008 Posted 23-08-2008 at 12:08 PM by Lee Shepherd Market Comment: Ftse closed at 5505 up +135 on week. O.k, so we are here again, 5500 level. It broke down from here 2 weeks back so we will watch again and look for long positions on the light side. I will be aggressively trading above this level should it stick, the moment it goes below 5500 will then be traded out of to remain of the highest caution. Providing we can stick above this level for 5 straight sessions and close higher next week, will then become a high probability... Continue reading... Lee Shepherd Legendary Member

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11th to 17th August 2008 Posted 16-08-2008 at 05:06 AM by Lee Shepherd Updated 16-08-2008 at 05:10 AM by Lee Shepherd Market Comment: Ftse closed at 5454 down -35 on week. Monday and Tuesday saw closes above the 5500 level both at 5541 and 5534, however, it didn't hold onto them and preceded to close lower wednesday and never to come back upto the 5500. We have to be careful not to be suckered into any potential bear market rally so stops would have to be tight and positions small. Next week will give us a bit more confirmation as to where we are heading. At present I would still be happy to hold... Continue reading... Lee Shepherd Legendary Member

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