Posted in: spread-betting
RE: Trading/Spreadbetting board16 Feb 2015 20:52
HT/FMR, re SL's, I suffered big time on early wrong entry's on the DAX in January but covered via opposite directional trades via both monthly contracts within the same platform (IG) and DFB trade's externally with other platforms. There were numerous swings within that that had to be traded but my original ( bad timed entry trades ) were traded out at an aggregate profit but non the less as showing individual loss. Whilst these trades were showing a loss ( the first time in a long time) I chose these options as it was firstly the only way I could counter my bad entry point but in reality focused me so much that I could never have profited so much had I taken my usual profit had they gone as per norm. At times I was running £200 PP in volatile trading which made up for some lost ground quickly but that profit was then aggregated against my original negative entries with a serious amount left in, that could have equally gone the other way but did not, and on that, I did put a stop loss back to the aggregate position. This was only done as I was £100's of K's down at one stage across all my positions and it ended up £100's of K's above, I think as Farmer would say, it got a little hairy but worked out ok. This was, however, the first time I put a SL on for years.
Presidents Day is holding back the Euro Markets. Will be trading the Asian markets tonight and early doors to see what lead may be taken on the markets pre trade but this week continues to a slow but sure opportunity.
GL