SBC's Spread Betting Logs

This is a discussion on SBC's Spread Betting Logs within the Trading Journals forums, part of the Reception category; Originally Posted by SpreadBetChick Hello cablemonster, Yes, I'm long on DAX30 since the beginning of the week and long on ...

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Old Mar 10, 2013, 3:58pm   #1
 
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SBC's Spread Betting Logs

Quote:
Originally Posted by SpreadBetChick View Post
Hello cablemonster,
Yes, I'm long on DAX30 since the beginning of the week and long on FTSE as well. I did not have the time to write them up on my blog yet but will do by the end of this week.

Regards,
SBC
I have posted my initial introduction on this thread. I have now created this trading journal to document my trades.

These are the trades I have made last week:

05/03/2013: DAX long @ 7862.6
06/03/2013: DAX long @ 7892.5
06/03/2013 FTSE long @ 6438.4

Quote:
Originally Posted by SpreadBetChick View Post
Hello Lightning McQueen,

Yes I will be posting my entries as they happen (twitter and here, and the ellaborate posts will be blogged). I just did not do it this week as I just started spread betting this Monday.

DAX 7862.6
DAX 7892.5
FTSE 6438.4

The prices got hit as per the trading plan. I am using the Turtles breakout strategy.

Regards,
SBC
Moving forward, I will be posting the trades here as it happens but will most likely tweet them first as this is the quickest way to do it I suppose.

Happy trading everyone!
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Old Mar 10, 2013, 4:11pm   #2
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Re: SBC's Spread Betting Logs

Hi SBC,
May I ask what your thinking is regarding having simultaneous long positions in two highly correlated instruments?
Tim.
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Old Mar 10, 2013, 4:17pm   #3
 
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Re: SBC's Spread Betting Logs

SpreadBetChick started this thread Hi timsk,

Quote:
Originally Posted by timsk View Post
Hi SBC,
May I ask what your thinking is regarding having simultaneous long positions in two highly correlated instruments?
Tim.
Part of this experiment is to not think, but just follow the trading plan. The prices got hit as per the trading plan, so I traded. If you ask why FTSE and DAX of all things to trade, and why not x or y, then there is also a simple answer to that: Those were the first things that came to mind when I was scanning the markets. I am also monitoring gold and silver at the moment but the are currently still out of my entry points. Next week, I will start looking at UK stocks and so on. I try to keep it simple.

Best of success to you,
SBC
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Old Mar 10, 2013, 4:22pm   #4
 
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Re: SBC's Spread Betting Logs

SpreadBetChick started this thread PS: BTW, I really like your trading plan template!
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Old Mar 10, 2013, 4:29pm   #5
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Re: SBC's Spread Betting Logs

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Originally Posted by SpreadBetChick View Post
Part of this experiment is to not think, but just follow the trading plan.
Hi SBC,
My personal view is that this is a very good policy - so long as sufficient thinking has gone into the creation of the trading plan to begin with.

In the event that you take a loss on one index (hopefully you won't, obviously), you'll likely take a loss on the other as well - unless you have different objectives for each trade and are using different timeframes and entry and exit strategies etc. When you come to review your experiment, I recommend studying the correlation of different markets and instruments - as this is often overlooked and could have a huge impact on your PnL.
Tim.
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Old Mar 10, 2013, 4:58pm   #6
 
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Re: SBC's Spread Betting Logs

long on dax, and long on FTSE on top of your £100 conveniently takes you to just over £300 and now you will start your live trades..
I mentioned on your other thread, the similarity of another **** expecting to take £300 to some stupid amount, and here we are again..like this forum do you?
Mods, how long will this go on for. Anyone else see the obvious here?
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Old Mar 10, 2013, 5:05pm   #7
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Re: SBC's Spread Betting Logs

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Originally Posted by malaguti View Post
Anyone else see the obvious here?
I'm sure its all completely legitimate and above board

Give her a chance

Yada yada yada
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Old Mar 10, 2013, 6:25pm   #8
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Re: SBC's Spread Betting Logs

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Originally Posted by malaguti View Post
long on dax, and long on FTSE on top of your £100 conveniently takes you to just over £300 and now you will start your live trades..
I mentioned on your other thread, the similarity of another **** expecting to take £300 to some stupid amount, and here we are again..like this forum do you?
Mods, how long will this go on for. Anyone else see the obvious here?
Going from 300 to 50k would still be impressive. This is highly likely since the OP can treble her account every few days as a beginner. Imagine what could happen when she turns pro in a few weeks ?
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