Medium-term Stock Spread Betting Journal

leonarda

Active member
Sep 15, 2009
589
23
28
#1
Hi,
Having followed a number of other peoples journals with interest, I thought I would start a journal of my own, with the aims of helping my discipline and also learning from any discussions that may arise.

My background
I have a full time job, hence I trade medium term timeframes (1-3 months position duration typically), really only being able to check positions at lunchtime and before the close.
2009: I played with some demo accounts, did loads of research/reading and learned my way.
2010: I traded a live "micro" size account, refining my methods as the year progressed. I was pleased to grow my account by 130%.

My Methods
I learned a lot from reading the NakedTrader first book, on methods for trading stocks medium term using fundamental and technical analysis. I also use methods developed by Stan Weinstein (Profiting in a Bull and Bear Market), where he uses pure technical analysis methods for medium/long term trading/investing. So from this research I have developed my own methods that:
- Buy strong stocks in strong sectors that are in stage 2 continuation setups. Thus typically buying high or in a dip from a high and selling higher (with a bit of luck!).
- I always analyse the stocks fundamentals as per NakedTrader guidance, for growing dividend, revenue/profits, manageable net-debt, good outlook etc..
- Use Volume as an indicator on buying strength, as per Stan Weinstein's book.
- Use a slow stochastic as an indicator for entry timing.
- I always trade with the main market trend, as I determine from 30WMA, adv/dec indicator analysis, as per Stan Weinstein's book.
- I've developed my own scanning software that does a lot of the initial weeding out to give me a shortlist of stocks to manually investigate.

How I will run the journal
- I am trading still a relatively small account of £1000 at the start of 2011 (currently down a bit from that as we talk...:-()
- I will post my entry/exits when I make them, with a brief analysis of reasons.
- End of each week I will post an account/position status overview.
 

leonarda

Active member
Sep 15, 2009
589
23
28
#2
Closed positions YTD
HTML:
Total Trades	  9	
Wins	                  3	33.3%
Losses	          6	66.7%
Av. Trade Days	  26	
Average Win	  9.28%	
Average Loss	  -4.22%	
Biggest Win	  26.33%	
Biggest Loss	  -8.53%	
Av. Win/Loss	  2.20	
Profit/Trade	  0.28%	
Profit Factor	  1.10
Some of these were opened end of last year and carried over.
 

leonarda

Active member
Sep 15, 2009
589
23
28
#3
Current Positions
HTML:
Long  SN.L      age:  34 days  current:  731.2 (P/L:  6.6%)  stop:  653.0
Long  WTAN.L age:  33 days  current:  518.0 (P/L: -0.9%)  stop:  503.9
Long  ITV.L     age:  11 days  current:   86.6  (P/L:  8.1%)  stop:   75.8
Long  VOD.L    age:  10 days  current:  181.9 (P/L:  1.9%)  stop:  172.8
Account: £925 (-7.5% YTD)
 

leonarda

Active member
Sep 15, 2009
589
23
28
#4
New Position

Long DGO.L Open: 560.9 Target: 640 Stop: 534.6 : Oil & Gas producers

Buying pullback in stage 2 continuation.
Strong stock fundamentals, in strong sector.
 

leonarda

Active member
Sep 15, 2009
589
23
28
#5
Current Positions:

Not a lot of change this week, FTSE still range bound below 6090.

HTML:
Long  SN.L      age:  38 days  current:  740.8 (P/L:  7.9%) stop:  653.0
Long  WTAN.L age:  37 days  current:  516.8 (P/L: -1.2%) stop:  503.9
Long  ITV.L     age:  15 days  current:   85.6  (P/L:  6.9%) stop:  75.8
Long  VOD.L    age:  14 days  current:  180.6 (P/L:  1.1%) stop:  172.8
Long  DGO.L    age:   2 days  current:  554.2 (P/L: -1.2%) stop:  534.6
Account: £924 (-7.6%)
 

isatrader

Well-known member
Oct 20, 2010
2,926
126
73
#9
Don't worry Leo, you're not alone. Most stocks are down, so just console yourself that you made some profits and start to look for new positions to put on once the correction has played out for a while.
 

leonarda

Active member
Sep 15, 2009
589
23
28
#10
Don't worry Leo, you're not alone. Most stocks are down, so just console yourself that you made some profits and start to look for new positions to put on once the correction has played out for a while.
thanks isa, you're right, I can only console myself in that I am being very disciplined in my stops. It has already saved me quite a bit of dosh closing out ITV.L and SN.L, which are quite a bit lower than where I stopped out... I hate giving back profits so the strategy has definitely worked there.
 

leonarda

Active member
Sep 15, 2009
589
23
28
#11
Current Positions

The drawdown continues... although expected with this market pullback.

HTML:
Long  VOD.L  age:  21 days  current:  174.7 (P/L: -2.2%) stop:  172.8
Long  DGO.L  age:   9 days  current:  587.0 (P/L:  4.7%)  stop:  534.6
Account: £880 (-12% YTD)
 

leonarda

Active member
Sep 15, 2009
589
23
28
#12
New Positions

Long ITV.L open: 85.7 target: 95 stop: 80.6
Back in to ITV in pullback in good stage 2 continuation trend.
Long PIC.L open: 211.6 target: 280 stop: 207.8
Pace fundamentals look good, runup to earnings, in pullback to support thus close stop.
 

leonarda

Active member
Sep 15, 2009
589
23
28
#14
All 4 of my current open positions are making sterling progress, my -12% drawdown has now been reduced to only -4% in a mere 3 days!
 

leonarda

Active member
Sep 15, 2009
589
23
28
#15
New Position

Good fundamentals, strong sector, buying into pullback.

Long LOG.L open: 133.5 target: 170 stop: 128.7