Interactive UK equities spread betting thread

Trader333

Moderator
8,639 969
.... Indicator in top left corner. I can't seem to attach it, not a supported file type
What is the file extension that you are trying to attach ?

Also I think more people will be viewing this thread than you think as many people watch but not always post replies.
 

barneydunn

Active member
116 31
Everything down today, lost on the BP and the ftse trades. I've added a couple more trades, croda and imi, hard down to support so looking for a bounce. I'll post charts and account later.
 

barneydunn

Active member
116 31
Here is the account. The equity is down a lot from yesterday but there are some good trades there that could easily make that back. That was quite a drop today so we will have to see if the selling continues tomorrow or if everything bottoms out and starts turning back up. I'm not going to hold everything open for long if everything starts dropping again. Even with the equity drop today I'm still in profit overall since I started so I would want to try and keep at least some of that. Then go to cash, regroup and wait for things to turn up again. Hopefully that won't happen and I can keep these trades open longer as there could be some big profits on some of these if they keep going. That's one thing I've learned up to now, you have to keep smiling and thinking positively even when it all looks like it's turned to shit.

acc 11 5 21 close.PNG
 
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1nvest

Well-known member
270 98
No replies yet so I'm guessing there is absolutely no one else here who spread bets stocks?!
I don't, however im really interested to see how you do. Good luck and do keep it up..
would you care to share what you're looking at, which seems to be a break of resistance, and with the MAs on the chart, clearly looking for confluence of MAs heading in the right direction. what's your exit criteria if you dont mind me asking?
 
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barneydunn

Active member
116 31
I don't, however im really interested to see how you do. Good luck and do keep it up..
would you care to share what you're looking at, which seems to be a break of resistance, and with the MAs on the chart, clearly looking for confluence of MAs heading in the right direction. what's your exit criteria if you dont mind me asking?
The 10 and the 100 sma's are just a visual guide to the trend but I will use them as s/r sometimes too. The main plan is to get trades to break even and let them run as far as possible. I like breakouts but I will also trade pullbacks to support provided the trend is in place. I'm trading everything long at the moment because despite the last couple of days of selling off the environment is generally recovery/up trend at the moment. If that changes I will be quick to take profit on anything still open and watch and wait. For exits I will trail up behind market structure so when a low is in place I will put the stop behind that. I've looked into a lot of different mechanical exit methods over the years and I like the look of waiting until the 100 sma actually turns down (I use a 30 day lookback on the ma for the colour change which smooths out a lot of the chops) but that can give back quite a bit if price turns around quickly and keeps going down. If price drops below the 100 sma then I'd consider getting out depending on how much support was below it. In some ways my total approach is still evolving but I have the foundations in place from experience. I will keep posting all the time there is anything interesting to post.
 
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barneydunn

Active member
116 31
Here are the two trades I put on later today. Croda pinging off the 100 sma. I said earlier it was IMI but it's not, it's Informa. That one not pinging quite so much but I'll see how it goes tomorrow and if it goes down much more I'll just take the loss.
CRODA-INTLDaily 11 5 21.png
INFORMADaily 11 5 21.png
 

barneydunn

Active member
116 31
Interestingly the FTSE closed above the 6950 support level I was watching earlier. Look how many times it bounced from that level one way or another today. That's a 1 min chart, not that I spend a lot of time looking at those but interesting to see.
UK100.SBM1 11 5 21.png
 

barneydunn

Active member
116 31
So far today everything is turning back up but I will have to keep an eye on it towards the end of the session and decide what I am doing then. I've added a couple of trades this morning including the index again. I took a loss on the informa trade. Here are some charts and the account right now.
acc 12 5 21 8 49.PNG
CRHDaily 12 5 21.png
SMITHSDaily 12 5 21.png
UK100.SBDaily 12 5 21.png
 
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srm888

Junior member
16 3
No replies yet so I'm guessing there is absolutely no one else here who spread bets stocks?!
Yep I do! I have only just found this thread so will be certainly be stopping by every now and again, I do actually post my own content at www.burning-both-ends.com and keep very small contributions on here under journals.

There doesn't seem to be many users on here though.

Not sure why more people dont use spread betting to trade stocks, there are less volatile and easier to understand than some of the other instruments out there.

Looks like you are doing very well, I would be inclined to know more details about your strategy, I guess your have a little bit more of a fundamental insight into the stocks that you trade?

Sean
 
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barneydunn

Active member
116 31
Yep I do! I have only just found this thread so will be certainly be stopping by every now and again, I do actually post my own content at www.burning-both-ends.com and keep very small contributions on here under journals.

There doesn't seem to be many users on here though.

Not sure why more people dont use spread betting to trade stocks, there are less volatile and easier to understand than some of the other instruments out there.

Looks like you are doing very well, I would be inclined to know more details about your strategy, I guess your have a little bit more of a fundamental insight into the stocks that you trade?

Sean
My fundamental analysis is more of a macroeconomic view of the current environment and just trading in line with that. You know the old saying, a rising tide and all that. It seems the ftse is rising gently at the moment so you would expect most share prices to be going up right now. I'm just buying into that with limited risk on each trade and hoping to get to break even to hold on for the long term. Ideally I can get to the point where I have a handful of trades all at break even so I can just raise the stops behind the lows until they get stopped out for whatever profit they make. I will always be looking to add on to a trade if it pulls back too.

Entries are usually a hold of support or a break of resistance and I love trades that bounce from the 100 sma as that's my mental line in the sand as to whether it's trending or not. Nothing too complicated, just buying into a rising market and trying to protect the down side as much as possible. If everything tanks I'll just go to cash, take whatever profits and losses I have to and wait for things to turn up again. Yesterday was a bit of a downer as I lost quite a lot of equity in one day but it's not the overall equity that counts is it, it's the balance at the end of the year!

I took a look at your site and it looks good but I can't see any kind of portfolio with the trades you are holding and their P+L like I post my account pictures? I'll have a look now as well for your journal here. It seems there are a lot of watchers here but not many who want to put their balls on the line and show other people what the are doing. I'd be happy to discuss what I am looking at in terms of trades if you wanted and I'd be happy to hear any of your trade ideas you wanted to share.
 

srm888

Junior member
16 3
My fundamental analysis is more of a macroeconomic view of the current environment and just trading in line with that. You know the old saying, a rising tide and all that. It seems the ftse is rising gently at the moment so you would expect most share prices to be going up right now. I'm just buying into that with limited risk on each trade and hoping to get to break even to hold on for the long term. Ideally I can get to the point where I have a handful of trades all at break even so I can just raise the stops behind the lows until they get stopped out for whatever profit they make. I will always be looking to add on to a trade if it pulls back too.

Entries are usually a hold of support or a break of resistance and I love trades that bounce from the 100 sma as that's my mental line in the sand as to whether it's trending or not. Nothing too complicated, just buying into a rising market and trying to protect the down side as much as possible. If everything tanks I'll just go to cash, take whatever profits and losses I have to and wait for things to turn up again. Yesterday was a bit of a downer as I lost quite a lot of equity in one day but it's not the overall equity that counts is it, it's the balance at the end of the year!

I took a look at your site and it looks good but I can't see any kind of portfolio with the trades you are holding and their P+L like I post my account pictures? I'll have a look now as well for your journal here. It seems there are a lot of watchers here but not many who want to put their balls on the line and show other people what the are doing. I'd be happy to discuss what I am looking at in terms of trades if you wanted and I'd be happy to hear any of your trade ideas you wanted to share.
I like your idea of raising the stops underneath, its a strategy I try and entertain my self, in the past I used to set too many targets to get out at, but I know from experience I will never hit a home run If I put them in place.

I still use them but only if I see a solid reason to get out.

The strategy I used to use was a trend only strategy and I had a good run with it 2013 to 2017. But it never lasted, and i ended up getting whipsawed out of loads of positions once the markets started getting volatile.

Point noted about the account information, I do keep a lot of notes in excell, so I might consider putting them up at some point in the future. for the record that original £1k has fluctuated up to £1210 and sitting around £875 today. so pretty rubbish at the minute.

do you short the market at all? if not why not?
 
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barneydunn

Active member
116 31
I like your idea of raising the stops underneath, its a strategy I try and entertain my self, in the past I used to set too many targets to get out at, but I know from experience I will never hit a home run If I put them in place.

I still use them but only if I see a solid reason to get out.

The strategy I used to use was a trend only strategy and I had a good run with it 2013 to 2017. But it never lasted, and i ended up getting whipsawed out of loads of positions once the markets started getting volatile.

Point noted about the account information, I do keep a lot of notes in excell, so I might consider putting them up at some point in the future. for the record that original £1k has fluctuated up to £1210 and sitting around £875 today. so pretty rubbish at the minute.

do you short the market at all? if not why not?
I will use a take profit sometimes, such as if the trade looked good but was quite a long way from the 100 sma already. It's worth taking some profit on those if you get a good push up. Usually price will pull back to the 100 sma so if it's already a long way away you would expect a pull back to just take the trade out at break even if you left it.

I think you have to trade this sort of thing in the right environment. When most stocks are going up, as signified by a rising FTSE, it makes sense to me to be only buying into that. Anything that's going down is likely to be more choppy and less predictable. When the environment turns I would be more likely to be shorting provided there was a clear down trend. Ultimately if the market has no clear trend direction then I'd be more inclined to keep positions a lot smaller on any trades I did take or just stay in cash and wait for a better environment.
 
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barneydunn

Active member
116 31
Not too bad a day overall today, everything has turned back up quite well. Only Smiths is letting things down a little but I will give everything another day to see if this is the start of another up push or just a small bounce up before another drop.
acc 12 5 21 close.PNG
 
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barneydunn

Active member
116 31
I knocked the ftse trade off for £90 profit as it looks like it could go anywhere overnight so I'd rather not risk taking the loss.
 
 
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