Indices

Finally, I decided to take a few short trades. As some of you might remember I still hold RBS, £100 per point but since RBS share price is so low (about 20p) my exposure is not massive.

Today, I tried to buy a few things:

1. Bought FTSE at 5415 with stop loss at 5395 and limit stop at 5550.

2. Bought EUR/USD but I got exited with £120 loss (only £1/pip).

3. Thomas Cook Group. Bought at 15.502 £50/point with stop loss at 11 and limit stop at 20. I bought June futures as plan to hold them for a while.

Will keep you updated on when/if I get something else.

PS: put a sell order on US crude at $102 with stop loss at $104 and will take profit at $98. $102 has a decent resistance level.

Wow, it hasn’t been fun for quite some time now as markets across the world are plunging and unless you had the guts to sell and sit tight you’d be like me who suffered big losses and gains in a matter of hours.

Yesterday, just before American markets closed I thought it was going to be a good idea to buy FTSE100 as I didn’t see it opening 4% down. Unfortunately, I was right as it opened pretty much flat but overnight it had huge swing down and then up, so my stop loss was hit and I didn’t enjoy the surge… sigh.

Now I think it’s good idea to go short as we had more bad news in the morning (UK time) and more pain for Americans. Unfortunately, FTSE100 keeps going up and as I use tight stop loss (15-30 points) I get exited. If it gets there I think 5,100 level for FTSE100 will a good time to sell.

US Nonfarm Payroll speculation has finally paid off… I love US markets.

Got another account with IG and decided to sell FTSE100 just before the announcement with tight stop loss of 17 points.

As we all know now the data has disappointing to say the least and within two minutes I got 60 points off FTSE100. Held the position for just 3.5 minutes.

Having taken quite some time off trading I have finally managed to go short on the Dow.

As the Dow rallied yesterday I thought it was my chance to go short on it.

Sold it at 12,042 with a stop loss at 12,122 with a view of closing the trade at about 12,000.

Unfortunately, as the interest rates are so low I have to pay overnight financing to by spread betting company even on short positions.

After the disappointing figures on Wednesday the Dow dived 2.28%… just in one day. With some many bad news coming out from every corner it might be right to go short on equities but…  FTSE100 contracted much less that it’s US peers and Greece worries are easing.

As I thought that markets priced in poor jobs figures I thought markets could only move up on Friday and thus I went long on the Dow at 12,200 with stop loss at 12,000. Unfortunately, the markets dived again on Friday and I’m firmly in the red.

Not sure what to do… as even though I’m quite tempted to close my long position I would be kicking myself for not sticking to the plan.

The big problem is that I have to pay overnight charges with financial spread betting.