FTSE 350 Spreadbet Journal

think-it-thru

Active member
Jan 22, 2008
208
3
28
#31
Depends how long you want to hold your positions really.

It's impossible to know how long you'll be in though really, guess the best thing to do is have a look and see which would have been better, and go with that, and continue to review until it's obvious.
Thank you Hotch

I have just called the SB company and they have said there is a daily interest charge on the rolling spread if its rolled over, so Id be better going for the next contract, which if I roll over they will charge me half the spread.

Im leaving my positions open until their either stopped out for a loss or reached my profit target and then I leave them open and put a trailing stop in.
I put my initial stop to break even when the price goes through a S/R level thats far enough from my entry, and when I put a trailing stop in I like to lock in about half the profit if I can depending on S/R levels.
I still need to study more and try and figure out , if the trade reaches a profit target, should I close, if I think the move is exhausted or put the trailing stop in, if I think its got more to go. I guess this will come with experience.
Thank you again Hotch

I am a Rookie, and I do like feedback.
 

think-it-thru

Active member
Jan 22, 2008
208
3
28
#32
I rolled over all my positions to the December contract, as I was still happy with them all, and by rolling over I had to pay only half the spread.
Just going to re-evaulate the portfolio now and move stops etc.
Current P/L 38.62
Have a great weekend.
 

think-it-thru

Active member
Jan 22, 2008
208
3
28
#34
Does anyone know what happenned to Astrazeneca on Thursday?
I read some analysts downgraded the stock, but I cant understand why?, I havent seen any bad news, except, there seemed to be some shares taken off the market, is this what is called a buy back?
Then on Friday the shares rose a bit, also there was news on Friday that one of their drugs had been approved in the US. Would that have been a "tree shake "on Thursday then?
Anyway the drop on thursday would have hit my stop if I had been in only a couple of days, however I have made a little profit before so I could afford to leave a bit more room, so Im still in.

If someone could shed some light on this for me and put me right I would appreciate that.

Current P/L £24.51
 

think-it-thru

Active member
Jan 22, 2008
208
3
28
#35
Closed out my Astrazeneca position this morning for a decent enought loss, I shouldnt have let that run against me so far, about £30

Current P/L £8.39
 

think-it-thru

Active member
Jan 22, 2008
208
3
28
#36
I half expected Astrazeneca to rebound, but they havent, so maybe I should have shorted them, however this could have been a "revenge" trade, so I stayed out to clear my head from that position.
The Croda and Mondi positions did quite well yesterday.

Current P/L £19.82
 

think-it-thru

Active member
Jan 22, 2008
208
3
28
#39
My Admiral position was worrying me yesterday. But then I read it was Ex Div date, panic over.
however I tightened my stop as it looks more like a double top than a higher high.
 
Jul 4, 2009
5
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#40
My Admiral position was worrying me yesterday. But then I read it was Ex Div date, panic over.
however I tightened my stop as it looks more like a double top than a higher high.
Always be carefull mate of looming ex-divi dates when going short
 
Jul 4, 2009
5
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#42
If you are short the dividend will get charged against you , so depending on how close you are to your stop loss it can either leave you in a precarious postition or worse still stoped out. As i found out when i first started SB. All depends on how well the trade is going for you at the time i suppose and what your stratergy is
 

think-it-thru

Active member
Jan 22, 2008
208
3
28
#43
If you are short the dividend will get charged against you , so depending on how close you are to your stop loss it can either leave you in a precarious postition or worse still stoped out. As i found out when i first started SB. All depends on how well the trade is going for you at the time i suppose and what your stratergy is
Thank you again lake_cot, I didnt know that.
I am on ADVFN this evening researching for some more trades, for this week.
Do you use SB?
What are your strategies?

Current P/L£30.99
 
Jul 4, 2009
5
0
11
#44
S / R levels and patterns really mate. Also there are a few stocks i tend to watch all the time so have a rough idea of their behaviour