Archive for August, 2009

I don’t know with other companies how it works but with IG Index you do get dividends. And if it is quarterly spread usually the dividend is priced in. That’s why the quote is lower than the actual price.

For example I opened a trade on Royal dutch shell for September when the share price was 1500 but I bought the future at 1479. When the ex-dividend was arrived the price has been balanced.

Hi all,

Our spread betting forum is opened! At the moment we have one room where you can share your tips (please read the disclaimer first!)
Soon we will open more rooms.

See you there!

Hi all,

I sold the Euro vs. Dollar on Friday at 1.4400 that was a good move because 2 hours later the employment report from the state was much better than expected and the Dollar was up. So by the end of the day I made 240 points which is not bad for half a day.

The question is, should I take profit or wait for bigger move? Not long ago I bought the Pound against the Dollar at 1.4000 I made 200 points easily and took quick profit. Now the UK pound worth 1.6800 and I could have made 2800 points which is a big difference from my actual profit.

The problem with Forex is that it depends on many factors and it is a bit harder to predict where the trend is. So I try to base my decision on technical analysis which tells me (at the moment) to stay and wait for bigger move. At least I moved my stop loss to 1.43 so regardless I will have some profit.

to see a share (BA) that you have just sold yesterday, jumps today by 8%!
I had a plan and I stick with it so it could be the other way around but still it is very very annoying!

Hi all,

I bought last Thursday BA @ 132.1 and today I’ve sold it at 148.1 for quick 12% return. I am quiet please but of course it could be better. The share price closed today at 150 so I could do better. But I wanted to sell on the upper channel of the EMA 22 and yesterday it was 148 and this is where I placed my limit order.

And because I wasn’t in front the computer all the day I couldn’t see that the EMA has move up and so the channel to 152. In that case I would have change the limit order to 152 to follow the trend. But if it is a beginning of a trend I would buy it back when it touches the top EMA again.

The only problem is that my when I opened the trade my stop was at 120 and my first target was 144. Meaning 12 points risk and 12 points profit target or in other words 1:1 balance which is not good. 1:2 is much better. On the positive side I move the stop loss very quickly to a profit zone once the share went up so for most of the time it was risk free trade.