FTSE 350 Spreadbet Journal

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Old Aug 26, 2010, 11:46pm   #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, 12:12am   #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, 7:45am   #3
Joined Oct 2005
Re: FTSE 350 Spreadbet Journal

Best of luck will watch with interest..
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Old Aug 27, 2010, 8:43am   #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, 9:04am   #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, 9:44pm   #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, 9:58pm   #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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