SBC's Spread Betting Logs

Status
Not open for further replies.
SpreadBetChick

SpreadBetChick

Junior member
Messages
36
Likes
2
SpreadBetChick said:
Hello cablemonster,
Yes, I'm long on DAX30 since the beginning of the week and long on FTSE as well. I did not have the time to write them up on my blog yet but will do by the end of this week.

Regards,
SBC
Click to expand...

I have posted my initial introduction on this thread. I have now created this trading journal to document my trades.

These are the trades I have made last week:

05/03/2013: DAX long @ 7862.6
06/03/2013: DAX long @ 7892.5
06/03/2013 FTSE long @ 6438.4

SpreadBetChick said:
Hello Lightning McQueen,

Yes I will be posting my entries as they happen (twitter and here, and the ellaborate posts will be blogged). I just did not do it this week as I just started spread betting this Monday.

DAX 7862.6
DAX 7892.5
FTSE 6438.4

The prices got hit as per the trading plan. I am using the Turtles breakout strategy.

Regards,
SBC
Click to expand...

Moving forward, I will be posting the trades here as it happens but will most likely tweet them first as this is the quickest way to do it I suppose.

Happy trading everyone!
 
Hi SBC,
May I ask what your thinking is regarding having simultaneous long positions in two highly correlated instruments?
Tim.
 
Hi timsk,

timsk said:
Hi SBC,
May I ask what your thinking is regarding having simultaneous long positions in two highly correlated instruments?
Tim.
Click to expand...

Part of this experiment is to not think, but just follow the trading plan. The prices got hit as per the trading plan, so I traded. If you ask why FTSE and DAX of all things to trade, and why not x or y, then there is also a simple answer to that: Those were the first things that came to mind when I was scanning the markets. I am also monitoring gold and silver at the moment but the are currently still out of my entry points. Next week, I will start looking at UK stocks and so on. I try to keep it simple.

Best of success to you,
SBC
 
SpreadBetChick said:
Part of this experiment is to not think, but just follow the trading plan.
Click to expand...
Hi SBC,
My personal view is that this is a very good policy - so long as sufficient thinking has gone into the creation of the trading plan to begin with.
;)
In the event that you take a loss on one index (hopefully you won't, obviously), you'll likely take a loss on the other as well - unless you have different objectives for each trade and are using different timeframes and entry and exit strategies etc. When you come to review your experiment, I recommend studying the correlation of different markets and instruments - as this is often overlooked and could have a huge impact on your PnL.
Tim.
 
long on dax, and long on FTSE on top of your £100 conveniently takes you to just over £300 and now you will start your live trades..
I mentioned on your other thread, the similarity of another **** expecting to take £300 to some stupid amount, and here we are again..like this forum do you?
Mods, how long will this go on for. Anyone else see the obvious here?
 
malaguti said:
long on dax, and long on FTSE on top of your £100 conveniently takes you to just over £300 and now you will start your live trades..
I mentioned on your other thread, the similarity of another **** expecting to take £300 to some stupid amount, and here we are again..like this forum do you?
Mods, how long will this go on for. Anyone else see the obvious here?
Click to expand...

Going from 300 to 50k would still be impressive. This is highly likely since the OP can treble her account every few days as a beginner. Imagine what could happen when she turns pro in a few weeks ?
 
Guys, I don't really understand what the obsession of this from "£300 to £50K" is all about? Where do you guys get this from? I have never mentioned any profit target anywhere so I am really confused as the same members also seem to constantly post these speculations on the threads I have opened so far.

Perhaps it would be better if you opened your own threads and post your reservations there? I would like this thread to be just about my trades and my trades only, thank you.

SBC
 
even accounting for the fact the first trades were pre done in secret so to speak, almost before their web site ink was even dry. you wouldn't mind so much if the mods did away with the sig linking. you just know there's a large risk of some vendoring going on somewhere along the line. especially when there's a web site, facebook, twitter and a t2w thread or two, it's a classic mix.
 
Hello Lightning McQueen,

Lightning McQueen said:
even accounting for the fact the first trades were pre done in secret so to speak, almost before their web site ink was even dry. you wouldn't mind so much if the mods did away with the sig linking. you just know there's a large risk of some vendoring going on somewhere along the line. especially when there's a web site, facebook, twitter and a t2w thread or two, it's a classic mix.
Click to expand...

Lol, just because I did not post my trade right after I placed it does not mean it was "pre done in secret" :LOL: . I just found this forum the other day :rolleyes:

Anyway, I have already explained why I went all out with the blog, FB, and twitter. I don't feel like I owe anyone any further explanation regarding this. Neither do I feel like I have to "prove" my intentions to people I do not even know. If someone is really interested to know why I'm posting here, he or she is free to browse through my posting history.

All the best,
SBC
 
Lee Shepherd said:
I totally agree with you but in life I've learnt not to tar every one with the same brush and give benefit to the doubt. It should only be fair to the OP and everyone else, new and old here that the treatment dished out is unacceptable. If it becomes acceptable then we all turn into a pack of wolves, eventually we turn on each other when we are hungry and I've seen this also of late.

My suggestion still stands to separate the thread and let them get on with it, the only other alternative I could suggest would be to nip it in the bud from day one. Maybe this would be the better solution but of course it would be hanging them before they've committed the crime. I'd prefer not to live in a minority report forum so maybe the first suggestion is better.
Click to expand...

Well if you look at the other thread you'll see that there's a link (still somewhat tenuous) to a company called Forex Ambition, whoever is behind it has been hiring a freelancer to forge a utility bill. The link at present is that the addresses are the same, however it is a mail drop. Best case scenario is that it's a hell of a coincidence.

As for Forex Ambition Ltd ill stick my neck out and say its a scam in the making, forex, mail drop and forged utility bill, what else would it be?
 
There have been too many comments on this thread so far and it even goes as far as linking my account to utilities fraud etc :LOL: Guys, I don't know what you have been through but I am fed up of having to read all your accusations. I am here to trade, and I guess you all are too.

Let's focus on a successful trading week shall we (y).

Good night,
SBC
 
Last edited by a moderator:
The week has started quietly so far. Still standing by for the following trades to get triggered:

LLOY long @ 56.10
Silver long @ 3107.3
Crude oil long @ tbc

I am also currently looking at the following:
BA
BRBY
FRES
GKN
NG
POLY

The DAX and FTSE trades from last week are still open.
 
SpreadBetChick said:
The week has started quietly so far. Still standing by for the following trades to get triggered:

LLOY long @ 56.10
Silver long @ 3107.3
Crude oil long @ tbc

I am also currently looking at the following:
BA
BRBY
FRES
GKN
NG
POLY

The DAX and FTSE trades from last week are still open.
Click to expand...

hi

can you explain why you are looking to go only long on lloyds and have ignored a short trade on the 20 breakout. which incidently would be underwater at the present.

also a short trigger on the 55 breakout is closer to current price than the long trigger you have selected to follow. please explain, thanks.
 
Hello Lightning McQueen,

Lightning McQueen said:
can you explain why you are looking to go only long on lloyds and have ignored a short trade on the 20 breakout. which incidently would be underwater at the present.
Click to expand...
Part of the rule is to not enter on a 20-day breakout signal if the previous 20-day breakout signal would have been triggered. Regardless of whether that trade has been taken or not.

Lightning McQueen said:
also a short trigger on the 55 breakout is closer to current price than the long trigger you have selected to follow. please explain, thanks.
Click to expand...
The hammer candlestick on 01 March gave some clues.

SBC
 
SpreadBetChick said:
Hello Lightning McQueen,


Part of the rule is to not enter on a 20-day breakout signal if the previous 20-day breakout signal would have been triggered. Regardless of whether that trade has been taken or not.


The hammer candlestick on 01 March gave some clues.

SBC
Click to expand...

ps. Hammer candlesticks have zero statistical edge when taken independently.
 
SpreadBetChick said:
Hello Lightning McQueen,


Part of the rule is to not enter on a 20-day breakout signal if the previous 20-day breakout signal would have been triggered. Regardless of whether that trade has been taken or not.


The hammer candlestick on 01 March gave some clues.

SBC
Click to expand...

i'm now slightly confused. taking your plan as presented you can't trade long yet on a 20 day breakout as there is a non taken previous 20 day signal. so lloyds shouldn't be on any lists for at least a week to the long side. and you can't short either till probably near end of the month at least.

for the 55 day breakout you should already be in a short triggered around 49.7

All breakouts for this method will be taken regardless of whether the previous breakout had been a winner or not.
Click to expand...

though fair enough not to have taken the trade if you put lloyds on a watch list after 11th march.

you are still more likely to go short rather than go long under this strategy at present, yet you ignore the short possibility in your system :confused:
 
Lightning McQueen said:
for the 55 day breakout you should already be in a short triggered around 49.7



though fair enough not to have taken the trade if you put lloyds on a watch list after 11th march.
Click to expand...

your watch list was posted 10th march, unless you are not trading your plan you should be already short lloyds from the 11th
 
Hello Lightning McQueen,

Lightning McQueen said:
i'm now slightly confused. taking your plan as presented you can't trade long yet on a 20 day breakout as there is a non taken previous 20 day signal. so lloyds shouldn't be on any lists for at least a week to the long side.
Click to expand...
Not sure if you read my previous post correctly but LLOY is on my watchlist only. I have no positions open with it at the moment. The entry points get adjusted daily as this all depends on where the price goes.

Lightning McQueen said:
and you can't short either till probably near end of the month at least.
Click to expand...
Again, read my previous post properly. I did not trade LLOY.

Lightning McQueen said:
for the 55 day breakout you should already be in a short triggered around 49.7
Click to expand...
No. I only started looking at it on Monday. It did not reach the 55 day low.

Lightning McQueen said:
you are still more likely to go short rather than go long under this strategy at present, yet you ignore the short possibility in your system :confused:
Click to expand...
Again, see above. I only started looking at LLOY on Monday.

SBC
 
Status
Not open for further replies.

Similar threads

SpreadBetChick
New To Spread Betting - Starting With £100
2 3 4
Replies
61
Views
12K
Lightning McQueen
Lightning McQueen
R
Hello! Question about Win Rates in systems trading
Replies
7
Views
2K
Hoggums
Hoggums
S
Starting out in spread trading
Replies
16
Views
8K
inktomii
I
M
FTSE on offer, just 1 spread on spread bet
2
Replies
25
Views
10K
MarvinS
M
K
Spread betting and rights issues
Replies
3
Views
3K
malaguti
M
Top