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 Post subject: spreadbetting journal goal £1000 to £30,000
 Post Posted: Sun Mar 06, 2011 2:57 pm 
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Joined: Sun Mar 06, 2011 2:18 pm
Posts: 27
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 :)


Last edited by goldenbull on Mon Mar 07, 2011 9:27 pm, edited 1 time in total.

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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Mon Mar 07, 2011 4:35 pm 
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Joined: Wed Nov 03, 2010 9:10 pm
Posts: 147
Certainly sounds very intriguing. I look forward to seeing how you progress.

_________________
May the markets be with you!

Harry,
The Spread betting beginner


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Mon Mar 07, 2011 9:28 pm 
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Joined: Sun Mar 06, 2011 2:18 pm
Posts: 27
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)


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Tue Mar 08, 2011 7:43 am 
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Joined: Sat Nov 06, 2010 4:24 pm
Posts: 176
Location: Derby
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


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Tue Mar 08, 2011 9:11 pm 
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Joined: Sun Mar 06, 2011 2:18 pm
Posts: 27
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)


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Tue Mar 08, 2011 9:18 pm 
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Joined: Wed Nov 03, 2010 9:10 pm
Posts: 147
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?

_________________
May the markets be with you!

Harry,
The Spread betting beginner


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Tue Mar 08, 2011 10:10 pm 
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Joined: Fri Nov 19, 2010 7:24 pm
Posts: 91
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!


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Wed Mar 09, 2011 9:20 pm 
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Joined: Sun Mar 06, 2011 2:18 pm
Posts: 27
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)


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Thu Mar 10, 2011 10:36 am 
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Joined: Wed Nov 03, 2010 9:10 pm
Posts: 147
Interesting one today Golden Bull. The dow is currently trading below your stop loss level. Does this mean you pass on the trade today?

_________________
May the markets be with you!

Harry,
The Spread betting beginner


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 Post subject: Re: spreadbetting journal goal £1000 to £30,000
 Post Posted: Thu Mar 10, 2011 11:13 am 
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Joined: Sun Mar 06, 2011 2:18 pm
Posts: 27
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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