Current Positions
A great week account wise +34%!, but mainly due to some big winning FTSE bets. Hence I am going to breakdown my account stats at the bottom into Position trading and FTSE swing results, as currently my account performance greatly over states how mediocre my position trading is going YTD. It is not surprising really since the FTSE has been narrow ranging all year and that does not fit well with my Position trading strategy, but I know that, hence I am not too bothered. This is why i've been playing with some FTSE swing plays trying to play a strategy that works better in a ranging market.
Anyway, enough waffle..
Account: £1625 (YTD: +62.5%)
Position trading: +£25 (+2.5%)
FTSE swing: +£600 (+60%)
A great week account wise +34%!, but mainly due to some big winning FTSE bets. Hence I am going to breakdown my account stats at the bottom into Position trading and FTSE swing results, as currently my account performance greatly over states how mediocre my position trading is going YTD. It is not surprising really since the FTSE has been narrow ranging all year and that does not fit well with my Position trading strategy, but I know that, hence I am not too bothered. This is why i've been playing with some FTSE swing plays trying to play a strategy that works better in a ranging market.
Anyway, enough waffle..
HTML:
Long MNZS.L age: 43 days current: 531.2 (P/L: 0.6%) stop: 514.8
Long AGK.L age: 37 days current: 1813.5 (P/L: 10.9%) stop: 1587.0
Long DRX.L age: 17 days current: 460.7 (P/L: 1.5%) stop: 431.3
Long CKSN.L age: 3 days current: 677.8 (P/L: 1.9%) stop: 631.0
Long MNDI.L age: 1 days current: 604.2 (P/L: 2.1%) stop: 562.4
Long PSON.L age: 0 days current: 1127.0 (P/L: 0.1%) stop: 1069.0Account: £1625 (YTD: +62.5%)
Position trading: +£25 (+2.5%)
FTSE swing: +£600 (+60%)
FTSE Position
Well rather stupidly possibly I added to my FTSE when it dipped to 5968, for some I feel as though it must go higher. Basically, cnbc strategists are saying big correction coming, marketwatch says doom, trade2win sp500 at end of next week thread mostly says down, ... hence I bet up...! but hey it will probably drop like a stone tomorrow now i've said that!
FTSE 5968 stop 5937 target 6104
Well rather stupidly possibly I added to my FTSE when it dipped to 5968, for some I feel as though it must go higher. Basically, cnbc strategists are saying big correction coming, marketwatch says doom, trade2win sp500 at end of next week thread mostly says down, ... hence I bet up...! but hey it will probably drop like a stone tomorrow now i've said that!
FTSE 5968 stop 5937 target 6104
isatrader
Senior member
- Messages
- 2,963
- Likes
- 135
Not many of them from what I've heard as they are still very biased to bull side on that channel. Anyone that dares mention anything bearish or negative is either talked over or ridiculed by the presenters. I have it on all day, every week day and they are amazingly bullish still on that channel considering the negative data coming out. They might be right but it gets on my nerves how biased they are sometimes.
Sorry is a bit off topic, but think you must have caught a rare bearish interview like the one with Roubini's staff member earlier.
I just look at the current cnbc.com investing headlines out of the 7 headlines:
- Roubini: Prep for correction
- Market corrections to be "common" after QE2 ends
- Fast traders: signs of big correction coming
then there's marketwatch.com telling how bad consumer confidence is and double dip housing...
admitedly my main position on this is based on breaking the FTSE,Dow,SP500 down trend on volume
