I'm back from Italy !
Great week away and now back in the land of eternal winter !
What is up with this weather? Are we ever going to see the sun again?
Anyway, enough of the weather and onto the markets, although they too seem to be in a winter fall, not a great week.
3 of my positions were closed by my stops, Arm Holdings, Advanced Computer Software and Ladbrokes.
Considering the current price of the three of them, they all seem to have been the correct choice but my stop loss strategy leaves a lot to be desired.
I didn't follow my own rules and I got burnt. I had hit my target with Ladbrokes, in fact I was quite a bit up on my target but I didn't hike my stop loss up nearly close enough. At one stage I was just short of £3,000 profit (12-Mar) and then it all came tumbling down and I ended up with a measly £4 profit. My own fault entirely but very frustrating nonetheless.
So I am down to £16,500 total profit.
I have adjusted my stop losses on all my positions and will be looking to open some new bets in the coming week once I have seen what the markets look to be doing.
Hope you all had a good week trading (and didn't lose to much)
Until tomorrow...
| Stock | Long/Short | Entry Price | Latest Price | Current profit/loss | % on prev day | % on total risk | ||
| Arm Holdings | Long | 934.90 | 879.00 | -1,961.13 (SOLD @ 883.50) | -311.36 | -78.86 | ||
| Advance Computer Software | Long | 90.23 | 88.00 | -928.35 (SOLD @ 87.90) | -233.71 | -37.14 | ||
| Aveva | Long | 2,303.00 | 2,245.00 | -907.26 | -237.13 | -36.31 | ||
| Bellway | Long | 1,134.80 | 1,195.00 | 1,872.39 | 149.48 | 75.42 | ||
| Cineworld | Long | 272.68 | 278.00 | 686.96 | -12.81 | 27.52 | ||
| Diageo | Long | 1,952.00 | 2,031.50 | 1,772.40 | 15.23 | 71.08 | ||
| Domino's Pizza | Long | 526.30 | 584.50 | 4,468.88 | 0.69 | 179.05 | ||
| Easyjet | Long | 987.00 | 1,031.00 | 2,349.19 | -36.85 | 94.45 | ||
| Intertek | Long | 3,300.30 | 3,365.00 | 686.94 | -46.37 | 27.66 | ||
| Ladbrokes | Long | 224.36 | 219.20 | 4.05 (SOLD @ 224.44) | -99.84 | 0.16 | ||
| Porvair | Long | 198.50 | 212.90 | 2,579.32 | -13.85 | 103.31 | ||
| Ryanair | Long | 566.30 | 606.00 | 2,492.04 | 381.86 | 99.79 | ||
| Spectris | Long | 2,367.00 | 2,405.00 | 561.44 | -60.85 | 22.59 | ||
| Telecity Group | Long | 926.30 | 907.50 | -539.59 | -407.79 | -21.62 | ||
| Restaurant Group | Long | 425.06 | 464.10 | 3,272.16 | 62.36 | 130.94 | ||
| Interserve | Long | 497.34 | 499.80 | 169.88 | 203.29 | 6.80 | ||
| Dialight | Long | 1,294.20 | 1,345.00 | 1,391.63 | -9.17 | 55.86 | ||
| Lonmin | Short | 329.07 | 296.60 | 3,519.18 | 661.89 | 140.84 | ||
| Tullett Prebon | Short | 268.33 | 282.20 | -1,849.16 | -93.62 | -74.03 | ||
| Anglo American | Short | 1,848.60 | 1,729.50 | 2,288.72 | 894.03 | 91.88 | ||
| Hargreaves Lansdown | Long | 886.90 | 869.00 | -723.71 | -322.30 | -28.96 | ||
| Running profit / loss | 16,533.12 | |||||||
| Diff from prev day | -1,818.15 | |||||||
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