Kevin21
Well-known member
- Messages
- 389
- Likes
- 18
Hey,
after asking about keeping it simple using MA's and trend lines, i decided to mission out into the real world with it. Obviously i refined it a bit to suit the indices i want to trade.
I've been spread betting the FTSE 100 and DOW using my TA strat. On the first day i lost 50 pounds. However this was my own fault as i didn't stick to my rules. The first thing i messed up was not waiting untill my TA gave me the signal to trade. I was too egar to try and make some money, and as a result i just went off trying to chase the opportunity down when the market was just trading sideways. This combined with pulling in and out of the market straight away everytime i doubted myself racked up the 50 quid loss. 3 trades of losing 10 points and one 20 points loss.
Today though i had pretty good self control, stuck to my rules and only traded when i got the right signals and held it out untill i got where i wanted to be. I took 30 points out of the FTSE in the last 45mins going long (had to sit there all day waiting for the right time) then i took 10 points going short on the dow for a min or so when i first opened, i then took another 40points early lunch time (new york time). So today i've taken 80 points in total after covering the spreads, so i'm 80 pounds up 🙂
after asking about keeping it simple using MA's and trend lines, i decided to mission out into the real world with it. Obviously i refined it a bit to suit the indices i want to trade.
I've been spread betting the FTSE 100 and DOW using my TA strat. On the first day i lost 50 pounds. However this was my own fault as i didn't stick to my rules. The first thing i messed up was not waiting untill my TA gave me the signal to trade. I was too egar to try and make some money, and as a result i just went off trying to chase the opportunity down when the market was just trading sideways. This combined with pulling in and out of the market straight away everytime i doubted myself racked up the 50 quid loss. 3 trades of losing 10 points and one 20 points loss.
Today though i had pretty good self control, stuck to my rules and only traded when i got the right signals and held it out untill i got where i wanted to be. I took 30 points out of the FTSE in the last 45mins going long (had to sit there all day waiting for the right time) then i took 10 points going short on the dow for a min or so when i first opened, i then took another 40points early lunch time (new york time). So today i've taken 80 points in total after covering the spreads, so i'm 80 pounds up 🙂