Not many on the list this week. I set up the following with my online trading broker on 29/11/09.
Buy Meggitt 258.8 (£19.92 total risk)
Buy Dairy Crest 411.8 (£21.8)
Buy Tate & Lyle 461.2 (£21.45)
Buy Smith DS 124.8 (£19.35)
Buy Home Retail 312.3 (£19.88)
Buy Aegis 112.2 (£20.1)
Buy Pearson 856 (£22.75)
I have amended the stop losses of Galiform and Inchape to just below the close of last week. I also deleted my orders which weren’t executed last week.
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.