FTSE 350 Spreadbet Journal

This is a discussion on FTSE 350 Spreadbet Journal within the Trading Journals forums, part of the Reception category; Originally Posted by Hotch Depends how long you want to hold your positions really. It's impossible to know how long ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 13, 2010, 4:05pm   #31
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread
Quote:
Originally Posted by Hotch View Post
Depends how long you want to hold your positions really.

It's impossible to know how long you'll be in though really, guess the best thing to do is have a look and see which would have been better, and go with that, and continue to review until it's obvious.
Thank you Hotch

I have just called the SB company and they have said there is a daily interest charge on the rolling spread if its rolled over, so Id be better going for the next contract, which if I roll over they will charge me half the spread.

Im leaving my positions open until their either stopped out for a loss or reached my profit target and then I leave them open and put a trailing stop in.
I put my initial stop to break even when the price goes through a S/R level thats far enough from my entry, and when I put a trailing stop in I like to lock in about half the profit if I can depending on S/R levels.
I still need to study more and try and figure out , if the trade reaches a profit target, should I close, if I think the move is exhausted or put the trailing stop in, if I think its got more to go. I guess this will come with experience.
Thank you again Hotch

I am a Rookie, and I do like feedback.
think-it-thru is offline   Reply With Quote
Old Sep 17, 2010, 8:49pm   #32
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread I rolled over all my positions to the December contract, as I was still happy with them all, and by rolling over I had to pay only half the spread.
Just going to re-evaulate the portfolio now and move stops etc.
Current P/L 38.62
Have a great weekend.
think-it-thru is offline   Reply With Quote
Old Sep 22, 2010, 9:11pm   #33
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread Got stopped out for a loss on my N Brown Group position.
Current P/L £26.50
think-it-thru is offline   Reply With Quote
Old Sep 26, 2010, 8:52pm   #34
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread Does anyone know what happenned to Astrazeneca on Thursday?
I read some analysts downgraded the stock, but I cant understand why?, I havent seen any bad news, except, there seemed to be some shares taken off the market, is this what is called a buy back?
Then on Friday the shares rose a bit, also there was news on Friday that one of their drugs had been approved in the US. Would that have been a "tree shake "on Thursday then?
Anyway the drop on thursday would have hit my stop if I had been in only a couple of days, however I have made a little profit before so I could afford to leave a bit more room, so Im still in.

If someone could shed some light on this for me and put me right I would appreciate that.

Current P/L £24.51
think-it-thru is offline   Reply With Quote
Old Sep 28, 2010, 8:50am   #35
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread Closed out my Astrazeneca position this morning for a decent enought loss, I shouldnt have let that run against me so far, about £30

Current P/L £8.39
think-it-thru is offline   Reply With Quote
Old Sep 29, 2010, 9:22am   #36
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread I half expected Astrazeneca to rebound, but they havent, so maybe I should have shorted them, however this could have been a "revenge" trade, so I stayed out to clear my head from that position.
The Croda and Mondi positions did quite well yesterday.

Current P/L £19.82
think-it-thru is offline   Reply With Quote
Old Sep 30, 2010, 9:29pm   #37
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread Got stopped out for a loss on my Smith and Nephew short position today

Curent P/L £20.70
think-it-thru is offline   Reply With Quote
Old Oct 6, 2010, 9:47am   #38
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread Ive not had time to research anymore lately, so Im just managing my current positions.
Current P/L £34.02
think-it-thru is offline   Reply With Quote
Old Oct 7, 2010, 9:02am   #39
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread My Admiral position was worrying me yesterday. But then I read it was Ex Div date, panic over.
however I tightened my stop as it looks more like a double top than a higher high.
think-it-thru is offline   Reply With Quote
Old Oct 12, 2010, 12:59am   #40
 
5 Posts
Joined Jul 2009
Re: FTSE 350 Spreadbet Journal

Quote:
Originally Posted by think-it-thru View Post
My Admiral position was worrying me yesterday. But then I read it was Ex Div date, panic over.
however I tightened my stop as it looks more like a double top than a higher high.
Always be carefull mate of looming ex-divi dates when going short
lake_cot is offline   Reply With Quote
Old Oct 12, 2010, 3:50pm   #41
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread
Quote:
Originally Posted by lake_cot View Post
Always be carefull mate of looming ex-divi dates when going short
Thank you lake_cot, my Admiral position is a long one.
Whats the reason for being careful on ex-div dates when going short?
would it not be good to be short on ex div day?
think-it-thru is offline   Reply With Quote
Old Oct 12, 2010, 8:37pm   #42
 
5 Posts
Joined Jul 2009
Re: FTSE 350 Spreadbet Journal

If you are short the dividend will get charged against you , so depending on how close you are to your stop loss it can either leave you in a precarious postition or worse still stoped out. As i found out when i first started SB. All depends on how well the trade is going for you at the time i suppose and what your stratergy is
lake_cot is offline   Reply With Quote
Old Oct 12, 2010, 9:23pm   #43
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread
Quote:
Originally Posted by lake_cot View Post
If you are short the dividend will get charged against you , so depending on how close you are to your stop loss it can either leave you in a precarious postition or worse still stoped out. As i found out when i first started SB. All depends on how well the trade is going for you at the time i suppose and what your stratergy is
Thank you again lake_cot, I didnt know that.
I am on ADVFN this evening researching for some more trades, for this week.
Do you use SB?
What are your strategies?

Current P/L£30.99
think-it-thru is offline   Reply With Quote
Old Oct 12, 2010, 10:24pm   #44
 
5 Posts
Joined Jul 2009
Re: FTSE 350 Spreadbet Journal

S / R levels and patterns really mate. Also there are a few stocks i tend to watch all the time so have a rough idea of their behaviour
lake_cot is offline   Reply With Quote
Old Oct 12, 2010, 10:36pm   #45
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread
Quote:
Originally Posted by lake_cot View Post
S / R levels and patterns really mate. Also there are a few stocks i tend to watch all the time so have a rough idea of their behaviour
How long have you been trading?
Are you good?
think-it-thru is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
AIM stocks v FTSE 350... ..(UK basics) jonboy123 First Steps 0 Apr 10, 2009 6:20pm
FTSE 350 Constituents clemstar Data Feeds 1 Sep 11, 2007 6:48am
Scanning the FTSE 350 stocks seancass Stocks 4 Dec 3, 2006 9:01pm
Whats Wrong With Sub Sectors And Ftse 350? ANGELO Indices 5 Sep 10, 2005 12:35am
FTSE 350 Constituents troyresearch Stocks 7 Jun 18, 2001 10:30pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)