| Stock | Entry Price | Latest Price | Current profit/loss | % on prev day | % on total risk | |
| Arm Holdings | 934.90 | 950.00 | 520.48 | 1,145.17 | 20.93 | |
| Advance Computer Software | 90.23 | 89.00 | -538.45 | 45.10 | -21.54 | |
| Aveva | 2,303.00 | 2,315.00 | 133 | 7.26 | 5.32 | |
| Bellway | 1,134.80 | 1,134.00 | -77.34 | -147.59 | -3.12 | |
| Cineworld | 272.68 | 271.75 | -174.08 | -43.16 | -6.97 | |
| Diageo | 1,952.00 | 1,945.00 | 150.15 | -8.58 | 6.02 | |
| Domino's Pizza | 526.30 | 519.00 | -546.51 | -10.50 | -21.90 | |
| Easyjet | 987.00 | 977.50 | 380.02 | 0.53 | 15.28 | |
| Euromoney | 924.80 | 915.00 | -429.33 | -13.79 | -17.22 | |
| GKN | 251.65 | 264.20 | 1723.65 | 26.01 | 69.01 | |
| Intertek | 3,300.30 | 3,322.00 | 180.53 | 5,706.52 | 7.27 | |
| Ladbrokes | 224.36 | 223.00 | -268.61 | 17.99 | -10.75 | |
| Moneysupermarket | 199.00 | 202.90 | 645.36 | 260.03 | 25.85 | |
| Porvair | 198.50 | 196.68 | -379.36 | 1.38 | -15.19 | |
| Ryanair | 566.30 | 560.00 | -449.01 | -1,287.86 | -17.98 | |
| Spectris | 2,367.00 | 2,370.00 | -7.51 | 96.15 | -0.30 | |
| Telecity | 926.30 | 934.50 | 262.56 | 1.79 | 10.52 | |
| William Hill | 397.39 | 403.30 | 476.96 | 396.89 | 19.10 | |
| Running profit / loss | 1,602.53 | |||||
| Diff from prev day | 1,934.50 | |||||
Wednesday 27 February 2013
Round 2 : Week 1 Day 2 Trade Log
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Nice blog. Well done on the profits.
ReplyDeleteDo you mind me asking, don't you do shorts and why? ty
I don't short at the moment. I'm bullish but I do need to look into a shorting strategy to cater for a turn in the market
ReplyDeleteI have a question. I'll take Moneysupermarket as an example.
ReplyDeleteAt the moment your start price was 199.00 and it's currently 202.90. That's 3.9 points correct. 645.36/3.9 = 165.47 a point correct. What spread company are you using? IG Index for example would give a MINIMUM stop of say 25 points, which would mean a deposit of 25*165.47 = 4136.75.
Is this right?
Hi Palpatine
ReplyDeleteNo – that is not correct.
My deposit was actually much larger! This bet was placed with IG Index, but all spread betting companies will work in the same way.
Check the DFB criteria on IG and you will see that up to £1600 per point it’s 25%. The slippage factor is 60%.
This is how it is calculated:
(£’s per point * stop loss distance) + ((entry price * £’s per point * deposit factor) * slippage factor)
So
(179.25 * 13.93) + (199 * 179.25 * 0.25) * .6) = £7847.57
I had to put down £7847.57 for a what I consider a £2496.95 total risk (which it is). This is very high but it is because moneysupermarket is a very volatile stock. Most of my deposits are far less.
I could opt for a guaranteed stop and take a hit on the spread, and this will result in a much smaller deposit but I don’t think that is worth it.
Effectively you will have much more money tied up than your total at risk. I normally bank on 150% of my total at risk. So, for round 2, I have roughly £45k at risk and have put down roughly £67.5 in deposits.
Hope this helps.
Wowsers. Serious amounts.
DeleteI would be right in saying though, that should a stock suffer a catastophy, say 50% drop in price or even worse gets suspended you could lose your whole trading balance?
ReplyDeleteYes, indeed - if a stock drops 50% I will lose all my stake in that stock but this is a risky business. No gains without risk.
DeleteThat said however, I always use stop losses and hike them up quickly when I reach break even so I would hopefully not lose all my cash and certainly not in every position (unless the entire crashed, and that is why I have a hedge on the FTSE)
Hi,
Deletewhat do you mean by "having a hedge on the FTSE"? How does it help you against the entire crash please?