Day 3 - Trade log

Down, down, down....

My losses are accumulating rapidly.

Today I am again down on yesterday by £244.45 / -9.78%. In total, I am now down 12.74% of money-at-risk.

The markets are very jittery at the moment due to many factors I reckon but a biggy is the US Fiscal Cliff approaching.

I am now down to 17 open bets. I could do some research and find another stock to take up my 18^th position (if there is one that matches my criteria) but I think due to my losses adding up, it is wise to ride out the next few days / weeks before I go feeding any more money into Mr Markets pocket. Greedy bastard!

Check out the screenshot below for some interesting stats. You can clearly see how gearing works, the share price moves by a bit and results on my spread bet are very drastic. Look at Ryanair for example, one of my gainers so will use that as an example (sneaky I know).

The share price rose by 0.48% but my spread bet increased by 60.83% !

It obviously works the other way as well, TalkTalk fell by 0.68% and my bet fell by 944.29% - not cool.

Anyway, until tomorrow fellow readers and aspiring traders...

stock	Entry Price	Latest Price	Profit/loss	% on prev day
Paypoint	842.6	860.0001	351.65	327.49
BSkyB	762.3	770	170.64	-20.68
TalkTalk	220.15	218.5	-128.97	-944.29
Ryanair	478.2	484.3	217.38	60.83
Nichols	852.1	852.0001	-2.68	-136.66
Aveva	2053	2050	-25.43	-144.56
Headlam	320.3	311.34	-480.03	3.65
Halma	438.89	436.8	-82.19	38.15
Intertek	3097.1	3104	37.26	-61.89
Ladbrokes	196.99	193.4	-313.01	-80.09
Bodycote	405.61	411.3	239.7	149.53
VP	350.62	343	-372.15	-64.74
SOCO	366.41	365	-66.6	83.29
iomart	202	193	-763.41	-199.46
Anite	139.15	135.6354	-432.97	-112.63
Lookers	75.69	76	69.45	-70.96
Sepura	96.24	95.5	-132.4	50.21
Daily total			-1713.76
Running total			-2743.57
Diff from previous day			-240.65