Spread Betting Strategies

New trades set up this week from the Spread Betting Strategies are…

Buy QinetiQ @ 165 (Total risk £19.95)

Buy VT Group @ 561.2 (£19.43)

Buy Smith DS @ 122 (£19.95)

Buy DSG Int @ 39.6 (risk £19.52)

Buy Halfords @ 422.2 (£19.6)

Buy Stobbart @ 126.7 (£20.1)

Buy Salamander @ 286 (£17.75)

Buy Burberry @ 597 (£17.25)

Buy Hikma @ 506 (£20.25).

All these trade were set up on my online trading platform on 6^th December.

As I am writing this I have remembered I should’ve analysed gold. I forgot to do it this week but will remember to next week. I only get about an hour or so each week to do the analysis and set up the trades so if I miss my opportunity I have to wait until the next week.

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After 2 weeks of decline I had a positive week. Not as positive as expected. The week ended at £1,884.11, so an increase of £26.49. I’m going to start tracking the performance against FTSE All-Share. The way things are going I would be better off buying an index tracker!

So to the action this week… Inchape and Galiform where I amended the stop losses to just below the weekly close were sold.

The only other sale this week was Rightmove. These showed a sharp decline which I think had something to do with the announcement from Google. Good job my stop loss kicked in as they are a lot lower than when I sold.

There were 4 buys this week – Pearson, Home Retail, Aegis and Meggitt.

The two best performing shares I have are Tesco and Mothercare (Mothercare flew this week). They are in the black to a tune of £78 in total. I am thinking of adding another element to my Spread Betting Strategies about moving my stop loss when in profit.

My new spread betting strategy will be to move the stop loss to breakeven once the stock has moved into profit by twice that of the amount risked. Tesco has satisfied this condition so I will move the stop loss to 390.4.

Melrose were on my warning list last week and closed down lower which means I will amend the stop loss to just below close.

New accounts on the warning list this month include BT, BBA Aviation and Brown Group.

Technorati Tags: Spread betting online review, Spread Betting Strategies

I haven’t set as many trades up this week, 10 in fact. There were 3 other trades I’d have liked to set up but given my maximum risk of £20, even with a stake of 50p I’d be risking too much.

The market is obviously still in an upward trend making a new recent high this week. Even some sectors that appeared to be waning have resumed their trend.

After analysing all the shares against the Spread Betting Strategies I set up the following trades with online trading broker (14/11/09).

Buy Domino Printing @ 304 (Total risk £18.4)

Buy International Personal Finance @ 226.1 (Total risk £18.96)

Buy Paragon @ 152.7 (£19.89)

Buy Brown (N) Group @ 263.1 (£19.2)

Buy St James Place @ 260.5 (£19.58)

Buy Hunting @ 556.1 (£18.12)

Buy John Wood @ 338.7 (£19)

I wanted to setup for others, Unilever, Fidessa, Homeserve & Amec but I couldn’t enter these trades and maintain my limit of risking only £20 even with a minimum stake of 50p per point.

Eaga also came up again in my analysis. They were bought and sold last week. When I looked into it I decided against entering the trade. The reason for this was that the spread on this trade looked too large and I think this was one of the reasons why it stopped out so easily.

In future if a trade is stopped out then it won’t prevent me from entering into that trade again in the future. The spread betting strategies decide the trades to enter. My job is setting them up with my online trading broker and after a good week I’m starting to get into this financial spread trading.

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Another week, more trades to setup to test my Spread Betting Strategies. I have set up a total of 16 trades this week and here they are… each were put onto me spread betting trading platform on 6/11.

Buy Britvic @ 360.2 (Total risk £19.8)

Buy COLT @ 125 (Total risk £19.8)

Greggs @ 435 (Total risk £20)

Cadbury @ 785.5 (£19.75)

Dairy Crest @ 411.6 (£19.74)

Inchape @ 30.65 (£19.8)

BBA Aviation @ 162.9 (£19.68)

Money Supermarket @ 80.5 (£19.80)

Rightmove @ 546.5 (£19.5)

Trinity Mirror @ 170.5 (£19.8)

Vectura @ 88 (£19.8)

Aggreko @ 771.7 (£22.7)

Eaga @ 148.1 (£19.32)

Galiform @ 80.55 (£19.9)

Regus @ 103.2 (£20.02)

Spirent @ 96.3 (£20.14)

Quite a few of the above stocks closed last week quite close to the entry level I expect that a quite a few of the 16 will be executed. Let hope none reach the stop loss as quick this time!

Technorati Tags: Spread Betting Strategies

At the start of the week my account was down overall to £1997.06. Me spread betting strategies target is to breakeven by the time I am made redundant so I wasn’t too disappointed. This week did go better.

At the start of the week I set up 20 trades so there was a lot of action to be had this week which showed in how the account balance fluctuated. After starting at £1997.06 it recovered to £2009.62, then fell to £1985.22 before finishing the week at £2014.61. I have to say I am happy about that.

The four that were already in play at the beginning of the week.

Tesco which closed at 418 (bought at 390)

Filtrona which closed at 180 (bought at 168.35)

Vodafone which closed at 135.8 (bought at 137.5)

The fourth was Friends Provident. They were bought on the 5/11/09 so not too sure what happens with my holding at the moment, I will have to check that out and let you know in the next post.

If they weren’t bought I was wondering what to do with the trade anyway. The sector they were in moved from an upward trend to a sideward market. I need to be clearer about my exit strategy on these.

Six other trades identified by my Spread Betting Strategies were executed last week. These were…

BT bought @ 137.34 (closed 137.8)

Kingfisher @ 238.24 (closed 234.9)

PZ Cussons @ 260.38 (closed 256.2)

Mothercare @ 598.4 (closed 606.5)

Melrose @ 186.82 (closed 187.2)

The final one was Pace, this was executed at 236.66 (above my stop order of 230.5) and was stopped out the next day at 217.31. This gives me something the think about. The spread betting strategies I’m using mean I should only risk £20 per trade. Because the price opened above the stop order I am therefore automatically risking more than the £20 as my stop loss is fixed. Perhaps I should think about risking less, may be £15 per trade, so in reality I don’t lose more than £20. Overall I lost £27.09 on this trade.

So overall, good week but with a few things to take on board. I have set up my trades for this week and I will post these later in the week. As with last week there are lots of trades that I’ve set up. My spread betting strategies mean I buy the trend on the pull back, again last week a lot of shares had a pullback. Will they revert to their upward trend or is it the end of the trend?

Technorati Tags: Spread Betting Strategies, Spread Betting UK

As mentioned in my last post, I set up a lot of trades this week on my spread betting trading platform so apologies for the long post.

OK, so last week didn’t end on a good note, but I’m doing this to test the Spread Betting Strategies at this stage so every lesson I learn is valuable. The lesson I learnt last week is not to get too confident. I had a good first week, doing great in the second week then the market turned and now I’m down overall.

The market still appears to be in an upward trend although may be stalling. I therefore still want to be on the long side of the market. When analysing the sectors for this week I noticed that more trends seem to be waning but most still, according to my spread betting strategies are in an uptrend.

The 4 shares that I currently have in play still have the conditions to remain so. These for have been left for this week. The stops on these also remain the same.

The spread betting strategies identified the following trades to set up. All were set up on my spread betting trading platform on November 2^nd. The amount in brackets is the total risk per trade.

Buy Associated British Foods @ 854.5 (£16.75)

Buy BT @ 137.3 (£20.7)

Buy Cadbury @ 791 (£22)

Buy Hargreaves Langdown @ 296.7 (£18.53)

Buy Henderson Group @ 141.5 (£19.92)

Buy Carphone Warehouse @ 197.4 (£19.5)

Buy Kingfisher @ 238.2 (£19.92)

Buy Mothercare @ 597.5 (£19.5)

Buy Sports Direct @ 104.5 (£19.8)

Buy IMI @ 468 (£20.05)

Buy Melrose @ 186 (£19.8)

Buy Legal & General @ 85.6 (£19.4)

Buy JKX Oil @ 301.3 (£18.2)

Buy PZ Cussons @ 260.3 (£19.56)

Buy Vectura @ 91 (£19.75)

Buy Connaught @ 417 (£19)

Buy Galiform @ 81 (£19.11)

Buy Serco @ 531 (£19.6)

Buy ARM Holdings @ 154.5 (£19.2)

Buy Pace @ 231.5 (£19.6)

If you notice that amount risked in brackets from Henderson down were very close to £20. This is because I worked out that I didn’t have to trade whole £s per point. My spread betting trading platform allows my to trade at £1.2, £2.1 etc. per point which is great.

So a lot of trades were set up this weekend. My gut feeling is that the market will see large declines but my spread betting strategies don’t listen to my gut feelings.

I will update you on what happens soon. I do hope some trades get executed. Wouldn’t have wanted to go to all that work for nothing!

Technorati Tags: Financial Spread Betting UK, Spread Betting Strategies

Just a quick post to say I have set up my first 7 trades on my spread betting trading platform. I have changed my mind about how I’m going to complete the diary. I was going to make public the trades I have initiated as a result of the spread betting strategies I was using before I put them into the trading software. I am now going to do this the week after I’ve done them.

The reason for the change is because although the purpose of this diary is clear to me, it may not be clear to all visitors and they may misinterpret my diary as some kind of financial advice. I am not regulated by the FSA so not qualified to offer financial advice of any description. Please do not misinterpret any of my post as recommendations. For more information please read this disclaimer.

Yes so 7 trades set up, I’ve just checked and none of them have been executed yet. Will give an update at the weekend with a more detail account of the Spread Betting Strategies used.

Technorati Tags: Spread Betting Guide