LIVE real money S&P500 daily mechanical trading

Trade closed by me for +£8.70. Adding +£0.60 realised overnight gives +£9.30.
Opposite trade cancelled.
One more trade to apply for the bonus.

Account balance is £502.20.

So, here's what Finspreads do. When they rollover your trade at around 3 am, any profit / loss is realised and a new trade started at the current price. A bit weird for me as I have not seen this before, but it seems ok, I don't feel robbed yet.

New trade
05/01/2012 21:00
Buy £3 (that's 30p per 0.1) S&P500 @ 1281.7, SL 1266.7
(I was looking at the chart at the time and am a bit surprised I was given such a high price, to be honest)
Sell order £2 S&P500 @ 1265.7, SL 1280.7

Sell order is for £2 as I am reverting to original stake.

This is something you need to watch out for on spread betting firms charts as for example the Finspreads chart has around a 20 second delay most of the time. You can work out the exact delay by looking at the clock in the platform and watching when the new candle is created on the chart.

So NEVER look at the chart when you are entering or exiting your trade on Finspreads. Determine the price level that you want to buy or sell at and then only watch the actual buy and sell price box data that you click on. I even sometimes closed the chart so the delayed movements didn't distract me as once you know your levels you don't need it.

Right, my trade is slightly under water, but not too bad. I am cautiously optimistic.
I have just applied for £100 credit to my account and it should be there some time next week, I was told. That would reduce my own investment to £900. (£400 of which is still in my savings account).

Looks like next trade UP tonight

Good news, I have received £100 account credit.

As the next trade is up as well, but I wanted to reduce stake back to £2,
I've closed £1 only @ 1279.3 and left £2 open. Now, this is where it becomes
complicated, because there was a £15 loss on a full £3 realised overnight @ 1276.7.
This means that £1 that I closed gave me £2.60 profit.

Account balance showing as £589.55.

Current trades / orders:

Buy £2 S&P500 @ 1276.7, SL 1264.3 (SL 150 pips from 9pm price of 1279.3)
Sell order £2 S&P500 @ 1263.3, SL 1278.3

Week 1: 3 losers, 1 winner. Doesn't look great yet, eh ?

Account history attached. It does not show current balance, though.

Good stuff so far.

My first account was with Finspreads - it's a good way to dip your toe in the water.

My trade is around b/e at the moment.
For those interested, 9 pm trade will be (95% prob) UP. If that's the case, I will just hold my current trade.

95% prob. Pretty specific, where do you get that from?