I have just stared spreadbetting on the FTSE (2 days in) after a long period of research followed by a month refining a strategy on a virtual account. I was consistently making 15-20 points a day on the virtual account using a very basic strategy following a monthly and weekly trend line and picking the support/resistance points.
However, since moving into the real world, I my strategy has not worked as I expected. I have thought of 2 reasons - first, when I was practising the market was in free fall and I found it quite easy to pick my points to go short. Now we are in a mini bull it may not be effective. Second, my mentality has changed - I was more willing to take risks in the virtual world.
Does anyone have any tips/advice in relation to my 2 issues??
Also, is there anyone out there who may be interested in chatting over email/msn about trading ideas on the FTSE - points to look at, resistance/support points, discuss positions? Or is there a forum on here where such discussions happen (this place is a bit of a jungle!)...
Thanks in advance...
However, since moving into the real world, I my strategy has not worked as I expected. I have thought of 2 reasons - first, when I was practising the market was in free fall and I found it quite easy to pick my points to go short. Now we are in a mini bull it may not be effective. Second, my mentality has changed - I was more willing to take risks in the virtual world.
Does anyone have any tips/advice in relation to my 2 issues??
Also, is there anyone out there who may be interested in chatting over email/msn about trading ideas on the FTSE - points to look at, resistance/support points, discuss positions? Or is there a forum on here where such discussions happen (this place is a bit of a jungle!)...
Thanks in advance...