The Fifty Quid Starting Balance Journal

Just opened a dealing desk spread betting account (Dealing Desk | Home)

I am going to fund said account with £50 and see what I can turn it in to.

This could be the shortest journal in the history of T2W. If my first 2 trades are duds I'm out.

I will be trading the FTSE rolling cash market with dealing desk. I have a 1 point spread and margin requirement to trade £1 a point is £30 so if my balance drops below £30 then I'm out.

All trades will be taken off a 5 minute chart. I don't use indicators at all just candle patterns and try to trade with the trend as much as possible. I should point out not all my patterns are "textbook"

It's worth noting I don't use trendlines or pivots and the only S&R I will use is by eyeballing where the 5 min got stuck previously. I will not look at ANY other time frame.

I work full time so the nature of the beast is that I will often miss some sweet setups. However, I'll live with that.

I will do my best to post live but will screenshot closing balance at the end of each day along with my trades and a couple of lines saying why I took that trade

OOOOPS. Starting balance is £61 11 points out of ftse. Will start tomorrow with a £61 pot.

Roll on 8am

I will be in chatzy ready to taunt you.

Good Luck CEYDABABY...I wish you luck....

Target....

Ok. Not much point doing this with no target so here they are.

Firstly I need to get this account to a workable size, where I can take some of the riskier opportunities and not panic out when a profitable trade pulls back a few points.

I'll be a lot more comfortable to get a bit ballsy once the account is between £150 - £200.

I have to attend a wedding in the States in June. This 3 day jaunt is going to cost:

Flight £400
Car Rental £200
Spending £500

So my account balance targets are below

TARGET 1: £150
TARGET 2: £350 (pays car rental)
TARGET 3: £750 (pays flight)
TARGET 4: £1250 (pays everything)

However, it could be over this time tomorrow !

subscribed am expecting a grand in a month

Account Screen Shot

screen shot showing account balance

A Ftse Stratergy That Works

This Ftse Stratergy Works....I hope you can benefit from it..
Happy Trading
Rav

First Trade Taken

SHORT DOW @ 7636 Covered @7625 + 11

Ticket # : 50120186
Market Name : Wall Street Rolling Daily
Stake : -1
Action : SELL
Price : 7636
Market Expiry : Not applicable

Ticket # : 50120189
Market Name : Wall Street Rolling Daily
Stake : 1
Action : BUY
Price : 7625
Market Expiry : Not applicable
The above trade has closed/part closed the following positions:

BALANCE £72.50

rav700 said:

This Ftse Stratergy Works....I hope you can benefit from it..
Happy Trading
Rav

Click to expand...

Are you taking the p*ss Rav?


http://www.trade2win.com/boards/forex-discussion/23898-louise-woof.html

Trade 2 - Short FTSE @14.8

Ticket # : 50120333
Market Name : FTSE Rolling Daily
Stake : -1
Action : SELL
Price : 3914.8

Ticket # : 50120337
Market Name : FTSE Rolling Daily
Stake : 1
Action : BUY
Price : 3915

Took a 20p Hit. Got in very late so was unhappy with the trade. This made me jittery when it started to pullback.

Now the bugger is 10+ points in profit. C'est la vie

rags2riches said:

Are you taking the p*ss Rav?


http://www.trade2win.com/boards/forex-discussion/23898-louise-woof.html

Click to expand...

My Colleague trades intraday Ftse and has over 400 trades using this and seems like he has compounded well..hence I posted it..

down to 3 wheels.....

trade 3

Ticket # : 50120408
Market Name : FTSE Rolling Daily
Stake : -1
Action : SELL
Price : 3879.3

Ticket # : 50120413
Market Name : FTSE Rolling Daily
Stake : 1
Action : BUY
Price : 3891

trade 4

Ticket # : 50120421
Market Name : FTSE Rolling Daily
Stake : -1
Action : SELL
Price : 3888

Ticket # : 50120426
Market Name : FTSE Rolling Daily
Stake : 1
Action : BUY
Price : 3903

account balance £45.60

Chart attached showing trade triggers.

cedaybaby

try using this account for uk shares u will last longer

tar said:

cedaybaby

try using this account for uk shares u will last longer

Click to expand...

thanks. But the challenge is FTSE. I know it can be done. I just need the next trade to be a good one !

I'm down but not out ............................................yet

Looks like a very choppy day with tight range so far. Are you allowed a day off?