Medium-term Stock Spread Betting Journal

[leonarda]

Current Positions

An excellent week gained +9% on account, helping to recover from the current drawdown.

Long  VOD.L   age:  28 days  current:  180.9 (P/L:  1.3%)  stop:  172.8
Long  DGO.L  age:  16 days   current:  588.8 (P/L:  5.0%)  stop:  534.6
Long  ITV.L    age:   3 days   c urrent:   91.9 (P/L:  7.1%)  stop:   80.6
Long  PIC.L    age:   3 days   current:  220.8 (P/L:  4.0%)  stop:  207.8
Long  LOG.L   age:   1 days   current:  135.1 (P/L:  1.2%)  stop:  128.7

Account: £970 (-3% YTD)

 

[leonarda]

Position Closed

ouch! PIC.L stopped out after earnings report, which were reasonably good, so a bit of the selling the news going on, oh well, move on...

PIC.L: stopped out: 186.93 P/L: -11.92%

 

[leonarda]

New Position

CSN.L open: 261 target: 300 stop: 249

reasonable fundamentals, good relative strength

 

[leonarda]

interesting I am seeing quite a large bullish divergence of the McClellen Osc vs FTSE, much high lows of McOsc vs lows of FTSE. Meaning advancers are on the increase.

 

[leonarda]

New Position

BEZ.L open: 129 target: 160 stop: 122.3
Good fundamentals, recent good report. Currently pulledback to previous resistance.

 

[leonarda]

ouch, currently sitting at a -21% drawdown YTD, not helped by the loss on PIC.L and the general downturn of the FTSE.

 

[leonarda]

Position Closed

Trailing stop hit.

ITV.L 86.88 P/L: +1.31%

 

[leonarda]

Current Positions

Well... sod this for a game of soldiers...! a healthy -26% drawdown after an awful week...

Long  VOD.L  age:  35 days  current:  179.3  (P/L:  0.4%) stop:  172.8
Long  DGO.L  age:  23 days  current:  574.8  (P/L:  2.5%) stop:  534.6
Long  LOG.L  age:   8 days   current:  128.7  (P/L: -3.6%) stop:  128.6
Long  CSN.L   age:   3 days   current:  248.9 (P/L: -4.9%) stop:  247.5
Long  BEZ.L   age:   2 days   current:  124.0  (P/L: -3.8%) stop:  122.3

Account: £735 (-26.5% YTD)

 

[leonarda]

Position Closed

Stopped out. Was rather unfortunate to be in an insurance stock...

BEZ.L 120.7 P/L: -6.45%

 

[leonarda]

Position Closed

Trailing stop hit.

DGO.L 566.6 P/L: +1.02%

 

[leonarda]

Position Closed

Stopped out.

CSN.L 246 P/L: -5.93%

 

[leonarda]

Position Closed

Trailing stop hit.

VOD.L 175.5 P/L: -1.71%

 

[leonarda]

Position Update

Hedged a Short on the DOW for £1/pt, for a quick £65. Not my usual stuff.

Current Positions

Just the one!

LOG.L 127 P/L: -5%

Account: £756 (YTD: -24.4%)

 

[isatrader]

Position Update
LOG.L 127 P/L: -5%
[/B]

Did you give your stop more room on LOG.L? As you had this stop at 128.6 at the weekend. One lesson I've learned a few too many times is don't give your stop more room, as it more often than not leads to a bigger loss.

 

[leonarda]

Did you give your stop more room on LOG.L? As you had this stop at 128.6 at the weekend. One lesson I've learned a few too many times is don't give your stop more room, as it more often than not leads to a bigger loss.

yes, as I quite like the strength that Logic is showing, and it is touching the 150DMA and also exactly on the multi-month trend line. Hence I reevaluated it.
I have done some reading recently and believe I am entering a bit too eagerly, even though I am being disciplined on my signals. Instead, I need to treat the signal as an entry onto my watchlist, I then evaluate price action and technicals for the actual trade entry. Hence, with Logica for example I would now not have entered when I did, but waited for more of a pullback to the trend line, and waiting for confirmation it's holding, then entering.

 

[leonarda]

Position Closed

Well it's gone now!

LOG.L 123.3 P/L: -7.7%

 

[leonarda]

New Positions

Bought the "fear!" by buying some strong stocks that were holding at their long term trend lines:

ITV.L     open: 84      target: 100    stop: 81.2
MGCR.L open: 277    target: 330    stop 264.6
SSE.L     open: 1182  target: 1300  stop 1155

 

[isatrader]

New Positions

Bought the "fear!" by buying some strong stocks that were holding at their long term trend lines:

ITV.L     open: 84      target: 100    stop: 81.2
MGCR.L open: 277    target: 330    stop 264.6
SSE.L     open: 1182  target: 1300  stop 1155

Good luck with them leo. I had SSE.L for over a year in my ISA, but it didn't move much and the main profit was from the dividend in the end so I ended up getting rid of it, but that was last year. If it holds up during the current panic it looks like your target is certainly reachable for it. 👍

 

[leonarda]

New Position

Couldn't resist one more! who's price action is rebounding nicely from the up trend line.

VOD.L open: 173 target: 200 stop: 167.2

 

[leonarda]

Good luck with them leo. I had SSE.L for over a year in my ISA, but it didn't move much and the main profit was from the dividend in the end so I ended up getting rid of it, but that was last year. If it holds up during the current panic it looks like your target is certainly reachable for it. 👍

thanks. It's main reason for holding up today is I guess people are looking at alternative energy providers to the nuclear option, but we'll see...