FTSE 350 Spreadbet Journal

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Old Aug 27, 2010, 12:46am   #1
Joined Jan 2008
FTSE 350 Spreadbet Journal

Hello there
Im new to forums etc, I posted a message a while back wondering if there were any traders in the Notts area willing to meet, but I got no replies. Im sorry if that was the wrong thing to do as in incorrect etiquete etc.

Anyway Ive been studying the markets for 2 years now and have paper traded since January this year, with 3 spreadbetting contracts. Each time I they made profit, from 25% to 48%. The virtual bank was £2000 and not risking any more than 2% on any one trade.Most trades were in the FTSE 350 stocks but a couple of forex ones too, but I find the forex a bit wild for me right now. Most of my trades were about £1 per point

I havent got £2000 that I can afford to lose at the minute, so I have been looking around and have opened an account with iii.co.uk and I can bet 10p per point for the first 4 weeks, so I deposited £200, and then a couple of my friends gave me another £300. I will still risk no more than 2% but im not sure if its wise to lift it to 4%, I will see.
Im not here to sell anything or buy anything, just to post my trades and accept whatever comments anybody has.
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Old Aug 27, 2010, 1:12am   #2
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread My Open positions

Sep 10 contract
Date Stock Direction Price
24/08/2010 3i Infastructure Long 113.94
24/08/2010 Admiral group plc Long 1478.74
24/08/2010 Aquarius Platinum Short 260.38
24/08/2010 Bellway Short 519.4
26/08/2010 Bluebay Asset Management Short 275.1
26/08/2010 Premier Foods Short 16.47

P/L £3.76
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Old Aug 27, 2010, 8:45am   #3
Joined Oct 2005
Re: FTSE 350 Spreadbet Journal

Best of luck will watch with interest..
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Old Aug 27, 2010, 9:43am   #4
Joined Feb 2002
Re: FTSE 350 Spreadbet Journal

Hi. Thanks for posting your positions. Interesting spread of companies - can I ask, how did you pick these in particular? - purely from charts, fundamentals, a combination of both, other methods?
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Old Aug 27, 2010, 10:04am   #5
 
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Re: FTSE 350 Spreadbet Journal

are all the stock picks moving with the index.ie ftse 100 ?
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Old Aug 27, 2010, 10:44pm   #6
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread
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Originally Posted by davidnorman View Post
Best of luck will watch with interest..
Thank you davidnorman
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Old Aug 27, 2010, 10:58pm   #7
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread
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Originally Posted by tomorton View Post
Hi. Thanks for posting your positions. Interesting spread of companies - can I ask, how did you pick these in particular? - purely from charts, fundamentals, a combination of both, other methods?
Hello there tomorton
Mainly from charts, then a quick look at recent news to see if there is not something bad, with the long positions. Longs have to above 200DMA and shorts below it.
Im doing some research this weekend, into the sectors in the FTSE 350 and will try to spread my risk over different sectors if I trade next week.
How do you trade?
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Old Aug 27, 2010, 11:01pm   #8
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Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread
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Originally Posted by dentist007 View Post
are all the stock picks moving with the index.ie ftse 100 ?
Good question, I dont know, I didnt really look at the main index, I guess that wansnt smart, I was just looking at the trends of the individual stocks, however thank you for making me think and I will check the 350 index as well as the 100. What would you advise me to do?
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Old Aug 27, 2010, 11:31pm   #9
Joined Jan 2008
Re: FTSE 350 Spreadbet Journal

think-it-thru started this thread mmmmmmmm.......

I returned form work this evening and upon looking at my positions, I had a pending order to Buy Astrazeneca at 3270, which was filled, but when I checked the daily chart, todays candle high doesnt reach 3270 and the information popup on the candle says high 3249.75 and the close 3241.74 but on my open postions list the order has been filled and it says the current price is 3233.99????
Anyway I dont understand, and I would appreciate it if anyone can fill me in?

Of course if Astrazeneca goes up i will be better off as my order is filled now, but if they go down, my order , well I think shouldnt have been filled.

Any thoughts?
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Old Aug 28, 2010, 12:41am   #10
Joined Feb 2002
Re: FTSE 350 Spreadbet Journal

Seems odd. Astra got nowhere near 3270 today, as far as its real price is concerned. I would be surprised if the spread opened so far out to take in 3270 with maximum mid-price 3247.0. That would suggest a spread on a FTSE100 company of over 1-2%.

But was your order with an SB firm and based on real price or future, for say September or December? SB prices are their quotes and theirs alone, not directly equivalent to the underlying share.
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