Medium-term Stock Spread Betting Journal

This is a discussion on Medium-term Stock Spread Betting Journal within the Trading Journals forums, part of the Reception category; Hi, Having followed a number of other peoples journals with interest, I thought I would start a journal of my ...

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Old Feb 14, 2011, 11:18am   #1
Joined Sep 2009
Medium-term Stock Spread Betting Journal

Hi,
Having followed a number of other peoples journals with interest, I thought I would start a journal of my own, with the aims of helping my discipline and also learning from any discussions that may arise.

My background
I have a full time job, hence I trade medium term timeframes (1-3 months position duration typically), really only being able to check positions at lunchtime and before the close.
2009: I played with some demo accounts, did loads of research/reading and learned my way.
2010: I traded a live "micro" size account, refining my methods as the year progressed. I was pleased to grow my account by 130%.

My Methods
I learned a lot from reading the NakedTrader first book, on methods for trading stocks medium term using fundamental and technical analysis. I also use methods developed by Stan Weinstein (Profiting in a Bull and Bear Market), where he uses pure technical analysis methods for medium/long term trading/investing. So from this research I have developed my own methods that:
- Buy strong stocks in strong sectors that are in stage 2 continuation setups. Thus typically buying high or in a dip from a high and selling higher (with a bit of luck!).
- I always analyse the stocks fundamentals as per NakedTrader guidance, for growing dividend, revenue/profits, manageable net-debt, good outlook etc..
- Use Volume as an indicator on buying strength, as per Stan Weinstein's book.
- Use a slow stochastic as an indicator for entry timing.
- I always trade with the main market trend, as I determine from 30WMA, adv/dec indicator analysis, as per Stan Weinstein's book.
- I've developed my own scanning software that does a lot of the initial weeding out to give me a shortlist of stocks to manually investigate.

How I will run the journal
- I am trading still a relatively small account of £1000 at the start of 2011 (currently down a bit from that as we talk...:-()
- I will post my entry/exits when I make them, with a brief analysis of reasons.
- End of each week I will post an account/position status overview.
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Old Feb 14, 2011, 11:43am   #2
Joined Sep 2009
Re: Medium-term Stock Spread Betting Journal

leonarda started this thread Closed positions YTD
HTML Code:
Total Trades	  9	
Wins	                  3	33.3%
Losses	          6	66.7%
Av. Trade Days	  26	
Average Win	  9.28%	
Average Loss	  -4.22%	
Biggest Win	  26.33%	
Biggest Loss	  -8.53%	
Av. Win/Loss	  2.20	
Profit/Trade	  0.28%	
Profit Factor	  1.10	
Some of these were opened end of last year and carried over.
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Old Feb 14, 2011, 11:52am   #3
Joined Sep 2009
Re: Medium-term Stock Spread Betting Journal

leonarda started this thread Current Positions
HTML Code:
Long  SN.L      age:  34 days  current:  731.2 (P/L:  6.6%)  stop:  653.0
Long  WTAN.L age:  33 days  current:  518.0 (P/L: -0.9%)  stop:  503.9
Long  ITV.L     age:  11 days  current:   86.6  (P/L:  8.1%)  stop:   75.8
Long  VOD.L    age:  10 days  current:  181.9 (P/L:  1.9%)  stop:  172.8
Account: £925 (-7.5% YTD)
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Old Feb 16, 2011, 2:01pm   #4
Joined Sep 2009
Re: Medium-term Stock Spread Betting Journal

leonarda started this thread New Position

Long DGO.L Open: 560.9 Target: 640 Stop: 534.6 : Oil & Gas producers

Buying pullback in stage 2 continuation.
Strong stock fundamentals, in strong sector.
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Old Feb 18, 2011, 5:02pm   #5
Joined Sep 2009
Re: Medium-term Stock Spread Betting Journal

leonarda started this thread Current Positions:

Not a lot of change this week, FTSE still range bound below 6090.

HTML Code:
Long  SN.L      age:  38 days  current:  740.8 (P/L:  7.9%) stop:  653.0
Long  WTAN.L age:  37 days  current:  516.8 (P/L: -1.2%) stop:  503.9
Long  ITV.L     age:  15 days  current:   85.6  (P/L:  6.9%) stop:  75.8
Long  VOD.L    age:  14 days  current:  180.6 (P/L:  1.1%) stop:  172.8
Long  DGO.L    age:   2 days  current:  554.2 (P/L: -1.2%) stop:  534.6
Account: £924 (-7.6%)
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Old Feb 22, 2011, 1:36pm   #6
Joined Sep 2009
Re: Medium-term Stock Spread Betting Journal

leonarda started this thread Position closed

Trailing stop hit.

ITV.L P/L: +4.92%
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Old Feb 23, 2011, 1:30pm   #7
Joined Sep 2009
Re: Medium-term Stock Spread Betting Journal

leonarda started this thread Position Closed

Trailing stop hit.

SN.L P/L: +4.46%
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Old Feb 23, 2011, 4:53pm   #8
Joined Sep 2009
Re: Medium-term Stock Spread Betting Journal

leonarda started this thread Position Closed

Stop hit.

WTAN.L P/L: -4.13%

All going well... "NOT"!
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