Anyone else spread betting UK shares? Join me here.

barneydunn

Active member
116 31
Standard Chartered. S/R hold.
STAN-CHARTDDaily 8 5 21.png
 

barneydunn

Active member
116 31
The other trades all look similar. One thing stands out for now... any idiot can look good in a bull market! We'll see where these trades end and what else comes along after that. I want to get better at managing the trades and getting the most of out them. I'll post anything I am watching as it happens or if I take or change any trades I will update. It would be good to see what anyone else is currently in?
 

barneydunn

Active member
116 31
I've deposited £2400 into Pepperstone mt5, spread betting account. So my total investment since I started trading shares is now £10000, a nice round number. So I'm up around £2000 in open equity but we'll see where it all closes.

I'm doubtful I could use the Pepperstone mt5 full time for trade decisions as there is not a lot of trade history available and it just feels more clunky against mt4. Fortunately I can just use the ADS mt4 for the charting and then take the trades on the mt5. I tried getting a simple moving average in colour indicator and even that proved to be a nightmare. I've coded the mt4 version to have a lookback of 30 on the 100 sma. This smooths out the colour changes and it can be used for exits if you wait until the colour changes. You do give a lot back sometimes but equally it can keep you in trends for a lot longer against exiting say on a price cross below the ma. On balance I think I will stick with moving the stop up behind market structure but I like to have the 10 and 100 smas there as a visual trend guide.
 

barneydunn

Active member
116 31
Here are some charts I am watching amongst a few others. I will probably keep my trade sizes a bit smaller now until I get a few more trades at break even. I don't want a major market drop to take me out for a maximum loss. The total risk is still manageable in any event.
BRIT-LNDDaily 9 5 21.png
M&SDaily 9 5 21.png
NATWSTDaily 9 5 21.png
NEXTDaily 9 5 21.png
WHITBREADDaily 9 5 21.png
 

barneydunn

Active member
116 31
I've moved this to the thread below as it might be in a better place...

 

IceThor

Member
64 11
ADS Securities. They have very tight spreads on Forex (and everything it seems) but they are a bit more prone to slippage so it's swings and roundabouts.

I've looked into it and Pepperstone are offering spread betting on UK equities through MT5. Not wild about 5 over 4 as I can code for mt4 no problem but OOP on mt5 fries my head. They have some commodities too which I like.
I believe FXCM are decent for the UK too
 
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Guest36985

0 0
I will double check, maybe the UK equities are CFD's? It's a spread betting account though so it should be tax free still. I'll ask the broker the question.
Probably best to ask that question BEFORE you trade, otherwise you might find yourself with a large tax bill 5 years down the line.
I'm sure it isnt taxable, and I guess you knew that already but bigdeal put a little doubt in your mind. 😉
 

IceThor

Member
64 11
Probably best to ask that question BEFORE you trade, otherwise you might find yourself with a large tax bill 5 years down the line.
I'm sure it isnt taxable, and I guess you knew that already but bigdeal put a little doubt in your mind. 😉
Personally, if I make enough money to get a large tax bill, I would be happy haha
 
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