Register    Login    Forum    Search    FAQ

Board index » Trading Diaries » Big Als' Trading diary





Post new topic Reply to topic  [ 9 posts ] 
Author Message
 Post subject: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 12:46 pm 
Offline

Joined: Sat Nov 06, 2010 4:24 pm
Posts: 176
Location: Derby
Hi

at home again today but have decided to go back to work tomorrow; at least there I won't be looking at my computer every 5 minutes!

Well, what a terrible day on the markets so far - it's truly grim. The FTSE is around 60 down at 12.40pm and my portfolio is around £130 down. I think I have 3 positions in the green, but not by much; I haven't seen this much red for months and I can't see any improvement today anyway....

My best hope for today is that I don't have any stop outs; the only one that concerns me is FIRESTONE DIAMONDS which has just 1.4 points to go before hitting the stops! (current SP 33.42). Anyway, if it goes it goes - I absolutely refuse to move any stops...

Right time to do some guitar practice I think, and stop looking at this flaming computer!!

See you later this evening - if not I've probably jumped off the nearest bridge!!

Big Al


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 1:56 pm 
Offline

Joined: Fri Nov 19, 2010 7:24 pm
Posts: 91
Yes I noticed one of my accounts is already £150 down on the day since trading began yesterday and that includes a £75 profitable trade! Not a good week so far, I guess the middle east tensions arent good for the market!

_________________
Spread Betting Trader
http://spreadbettingtrader.blogspot.com/


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 3:17 pm 
Offline

Joined: Sat Nov 06, 2010 4:24 pm
Posts: 176
Location: Derby
Hi

yeah seems like the whole world is jittery at the moment...

Well this is a first - every single position in my portfolio is red, and I have about 23 different shares/companies; this is definitely the spread betting day from hell! I keep thinking it can't get any worse and then it does; I must be nearly £200 down today and there's still over an hour to go...

Watch this space...!!!!!!!!!!!!

Big Al

ps If we can survive today then it just MUST improve from here on in??!!??


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 4:00 pm 
Offline

Joined: Fri Nov 05, 2010 8:31 am
Posts: 72
One mans meat is another mans poison, I have a strategy which seem to work pretty well on these days, it relies on the market over reacting, I look for a stock that has fallen by more than 2 * AVTR and then buy it , Last week I bought Microfocus when it fell 35% and my bet is now up 12%. Today I bought SERCO and I have made 1.78 % , and I just closed it out because my rules say if it gets back near to yesterday's close I close out. I am still forward testing this strategy, but it is based on the way that Tony Loton selects his stocks for his Position Trading Strategy.


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 4:21 pm 
Offline

Joined: Fri Nov 19, 2010 7:24 pm
Posts: 91
As you probably know otl I run Tonys strategy in one of my accounts and today will present alot of opportunities for new trades as youve said.
Its all just noise, there will be days that are positive +£200 too so just make sure you can stay in the game!

_________________
Spread Betting Trader
http://spreadbettingtrader.blogspot.com/


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 4:26 pm 
Offline

Joined: Sat Nov 06, 2010 4:24 pm
Posts: 176
Location: Derby
Hi

quite agree - this time next week we'll be wondering what all the 'ooh ha' was about...
Big Al


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 4:59 pm 
Offline

Joined: Sat Nov 06, 2010 4:24 pm
Posts: 176
Location: Derby
Hi

glad to see the back of today! I'm just over £200 down on the day; amazingly no stop outs so I'm relatively happy. Don't think I'll get through another day like that without multiple stop outs though.....

Big Al


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 6:42 pm 
Offline

Joined: Fri Nov 19, 2010 7:24 pm
Posts: 91
Yer, there was a bit of a pathetic attempt at a rally towards the end but none of my positions seemed to move up. It'll soon sort itself out :D

_________________
Spread Betting Trader
http://spreadbettingtrader.blogspot.com/


Top 
 Profile  
 
 Post subject: Re: MIDDAY REPORT!
 Post Posted: Tue Feb 22, 2011 7:50 pm 
Offline

Joined: Thu Nov 25, 2010 1:39 pm
Posts: 15
Since my name crept into the conversation, I thought I'd say that I missed most of the fun today as I was out and about. But yes, I would see this as an opportunity to pick up some positions in stocks that had 'corrected' and / or had fallen below my last stop-out price. Yes, I too picked up Micro Focus a few days ago :-)

The Position Trading strategy is a long game which can go nowhere (except slowly down) for ages and then take off like a rocket. On the subject of 'long games' I was pleased to see today that the second print edition of my book is finally finding its way onto Amazon. Everything comes to he who waits.

Look out tomorrow for what I think should be my "Playing with Meaningful Stakes" article on The Motley Fool. Its subtitled "The Greatest Trade that Never Was" and is on the subject of puny position sizing, which should make 'offthelip' laugh.

Happy Trading!

Tony Loton, Position Trader


Top 
 Profile  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic  [ 9 posts ] 

Board index » Trading Diaries » Big Als' Trading diary


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Web Analytics