Spreadbetting journal £1,000 - £30,000

[stprofits]

Hi big goal right?
I'm looking to start a journal that shows my trades before the market opens so you can follow if you like.
I have been simulating trades for the past year with my own formulated strategy which has proved very successful!
I turned £10,000 into just over £300,000 in 12 months!
Yes i was using an aggressive money management system where I would double up every time my capital did however the strategy I am using has worked out to be very profitable and consistent.

My goal now is to use my own £1,000 and take the plunge! its sink or swim time!
I can afford to lose £1k so if this doesn’t work then so be it it's worth a shot

Strategy:
I will place my trades on here just after the market close for the Dow Jones for next days trading at the opening bell for the Dow Jones the next day at 14.30pm GMT

Example of trade notification.Signal: BUY closed price 12400/stop loss 12333/limit 12500
Potential Profit: 100 points

Buy= trade direction
Closed price = what price did the Dow close so we know ball park figure for opening at 14.30 GMT
Stop loss = what level to set stop loss
Limit = what price to set limit to take profits


Rules:
I will start with £1k and use a £1 per point allocation until I turn it into £2k
then I will trade £2 per point. Once I double my account size again to £4k I will use £4 per point increasing as my account does.
I have little room for error however this system works well.
All trades must be closed at the closing bell at 21.00pm (GMT) if they have not been triggered by the stop loss or limit level.

If the opening price is above or below the stop loss or limit price I will not trade until it falls to previous levels close price.

Your welcome to enjoy the ride with me

 

[stprofits]

trade for 8th march

STP Dow Jones Alert

Signal: Buy
Open trade time: Opening bell 14.30pm (GMT)

Closing price 12090/stop loss 12040/limit 12290

Potential profit 200 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

 

[stprofits]

summary
opened:12104 closed:12216 proft: 112 points

account £1112

trade for 9th march

STP Dow Jones Alert

Signal: Buy
Open trade time: Opening bell 14.30pm (GMT)

Closing price 12216/stop loss 12095/limit 12295

Potential profit 79 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

 

[JDTRADER]

Interesting

Good trading mate

What trade platform you using ? :smart:

 

[Big Spender]

So are you are the owner of www.stocktrendprofits.com ?

I will watch with interest.

 

[arabianights]

Suppose the dow moves to 20 000... are you gonna adjust size for greater (pointwise) volatility?

 

[stprofits]

Interesting

Good trading mate

What trade platform you using ? :smart:

Thanks....
I'm using Finspreads....I assume thats what you mean?

 

[stprofits]

So are you are the owner of www.stocktrendprofits.com ?

I will watch with interest.

A member of the team..yes
Sshhhhh

 

[stprofits]

Suppose the dow moves to 20 000... are you gonna adjust size for greater (pointwise) volatility?

By the time the dow moves to 20,000 I would have made my money

 

[JDTRADER]

A member of the team..yes
Sshhhhh

:-0 insider dealing :-0

 

[stprofits]

summary
opened:12199 closed:12212 proft: 13 points

account £1112 + 13
£1125

trade for 10th march

STP Dow Jones Alert

Signal: Buy
Open trade time: Opening bell 14.30pm (GMT)

Closing price 12212/stop loss 12154/limit 12306

Potential profit 94 points

If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT)

 

[JDTRADER]

A member of the team..yes
Sshhhhh

http://www.youtube.com/watch?v=9Qr4Eu2f5Qw
:-0:clap:

 

[stprofits]

http://www.youtube.com/watch?v=9Qr4Eu2f5Qw
:-0:clap:

Thanks for the video link JD.
You know it was tongue-in-cheek.

 

[barjon]

A member of the team..yes
Sshhhhh

then you'll have to register as a vendor via your profile please.

jon

 

[Big Spender]

A member of the team..yes
Sshhhhh

lol

 

[Big Spender]

Trade 9th March.
I watched and following your rules I entered at 12216 at 15:20.
It did not reach target or hit stop so closed trade at 21:00 at around 12177 for a 39 pt loss.

Are you trading some other system?

 

[Big Spender]

Trade 9th March.
I watched and following your rules I entered at 12216 at 15:20.
It did not reach target or hit stop so closed trade at 21:00 at around 12177 for a 39 pt loss.

Are you trading some other system?

I have to apologise about my last comment, I could not close the trade until well after close but looking at the 1 min chart it did closed around 12212 but it was still a loss. Why have you put your entry lower at 12199?

 

[stprofits]

I have to apologise about my last comment, I could not close the trade until well after close but looking at the 1 min chart it did closed around 12212 but it was still a loss. Why have you put your entry lower at 12199?

Hi Big Spender
Sorry about the confusion.

All trades are to be opened at 14.30 (unless it exceeds the range for stop loss and limit level) and if not triggered by the stop loss or limit levels then the trade must be closed at 21.00pm.

The reason I quote the closing price is to get a rough idea on what potential profits could be for the next trading day.

I hope that clarifies it for you

summary
opened @ 14.30:12199 closed @ 21.00:12212
proft: 13 points

 

[Big Spender]

Hi Big Spender
Sorry about the confusion.

All trades are to be opened at 14.30 (unless it exceeds the range for stop loss and limit level) and if not triggered by the stop loss or limit levels then the trade must be closed at 21.00pm.

The reason I quote the closing price is to get a rough idea on what potential profits could be for the next trading day.

I hope that clarifies it for you

summary
opened @ 14.30:12199 closed @ 21.00:12212
proft: 13 points

That is ok if you are in front of the computer at market open and even then it is hard to get the exact open fill. It could work in your favour or not.
If I was to use this system I need to place an order, stop and limit before hand as most people are working. That’s what you instruction sounded like not a guestimate.
Do you send out exact entry prices on your website?

Cheers

 

[stprofits]

That is ok if you are in front of the computer at market open and even then it is hard to get the exact open fill. It could work in your favour or not.
If I was to use this system I need to place an order, stop and limit before hand as most people are working. That’s what you instruction sounded like not a guestimate.
Do you send out exact entry prices on your website?

Cheers

To be honest Big Spender placing an order is fine and following it that way. As you said opening the trade at 14.30 can work in your favour sometimes and agianst you other times so it all evens out.

The main reason I place my trades at 14.30 is the spread is lower for many platforms.
If it makes it easier for you to follow I could include a section for summary based on closing price as well as opening price as they will be different profit/loss figures however it all evens out in the end.