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spreadbetting journal goal £1000 to £30,000 http://spreadbettingbeginner.com/Forum/viewtopic.php?f=17&t=160 |
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Author: | goldenbull [ Sun Mar 06, 2011 2:57 pm ] |
Post subject: | spreadbetting journal goal £1000 to £30,000 |
Hi big goal right? I'm looking to start a journal that shows my trades before the market opens so you can follow if you like. I have been simulating trades for the past year with my own formulated strategy which has proved very successful! I turned £10,000 into just over £300,000 in 12 months! Yes i was using an aggressive money management system where I would double up every time my capital did however the strategy I am using has worked out to be very profitable and consistent. My goal now is to use my own £1,000 and take the plunge! its sink or swim time! I can afford to lose £1k so if this doesn’t work then so be it it's worth a shot Strategy: I will place my trades on here just after the market close for the Dow Jones for next days trading at the opening bell for the Dow Jones the next day at 14.30pm GMT Example of trade notification. BUY closed price 12400/stop loss 12333/limit 12500 Buy= trade direction Closed price = what price did the Dow close so we know ball park figure for opening at 14.30 GMT Stop loss = what level to set stop loss Limit = what price to set limit to take profits Rules: I will start with £1k and use a £1 per point allocation until I turn it into £2k then I will trade £2 per point. Once I double my account size again to £4k I will use £4 per point increasing as my account does. I have little room for error however this system works well. If the opening price is above or below the stop loss or limit price I will not trade until it falls to previous levels close price. All trades must be closed manualy on the closing bell at 21.00pm (GMT) if they are not triggered by the stop loss or limit level. Your welcome to enjoy the ride with me |
Author: | SB_Beginner [ Mon Mar 07, 2011 4:35 pm ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
Certainly sounds very intriguing. I look forward to seeing how you progress. |
Author: | goldenbull [ Mon Mar 07, 2011 9:28 pm ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
trade for 8th march STP Dow Jones Alert Signal: Buy Open trade time: Opening bell 14.30pm (GMT) Closing price 12090/stop loss 12040/limit 12290 Potential profit 200 points If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT) |
Author: | bigal60 [ Tue Mar 08, 2011 7:43 am ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
Hi I'm intrigued so I shall follow with great interest. Really nice to have another journal to follow... Hope it goes really well... BIG AL |
Author: | goldenbull [ Tue Mar 08, 2011 9:11 pm ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
summary opened:12104 closed:12216 proft: 112 points account £1112 trade for 9th march STP Dow Jones Alert Signal: Buy Open trade time: Opening bell 14.30pm (GMT) Closing price 12216/stop loss 12095/limit 12295 Potential profit 79 points If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT) |
Author: | SB_Beginner [ Tue Mar 08, 2011 9:18 pm ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
An interesting first day. Nice £112 profit. Lets hope the good run continues and you reach £30,000 before you know it. Just out of interest will you only be trading the dow or will you be trading other instruments as well? |
Author: | SpreadBettingTrader [ Tue Mar 08, 2011 10:10 pm ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
Hi goldenbull, welcome to the forum. I have to say it makes a very refreshing change to see someone call their trades on a public forum. Should call you 'golden'balls' really ;-) I'll be reading with interest and also routing for you to achieve your goal. Best of luck! |
Author: | goldenbull [ Wed Mar 09, 2011 9:20 pm ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
summary opened:12199 closed:12212 proft: 13 points account £1112 + 13 £1125 trade for 10th march STP Dow Jones Alert Signal: Buy Open trade time: Opening bell 14.30pm (GMT) Closing price 12212/stop loss 12154/limit 12306 Potential profit 94 points If the trade is not triggered by the stop loss or Limit level you need to manually close the trade at the closing bell 21.00pm (GMT) |
Author: | SB_Beginner [ Thu Mar 10, 2011 10:36 am ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
Interesting one today Golden Bull. The dow is currently trading below your stop loss level. Does this mean you pass on the trade today? |
Author: | goldenbull [ Thu Mar 10, 2011 11:13 am ] |
Post subject: | Re: spreadbetting journal goal £1000 to £30,000 |
Hi Harry, In this case I would wait for the price to move to the closing price of 12212 and then enter trade as normal. If the price never moves as high as 12212 then it would be a no trade. |
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