Spread Betting Tips and Trading Diary » BAE

BAE, Bad luck, bad trade

spread bettor — Fri, 31 Jul 2009 08:12:33 +0000

It is strange that on the day Share magazine quote this blog about BAE (without giving a link, shame!) I suffered a heavy loss with this stock.

I had an opened position at 332 with stop loss at 310. But yesterday report was bad and the share went all the way to 306 tirgered my stop loss and then jump a bit to 312. Today BAE trades on the upper side 315 at 9:00am.

This is so annoying when it happens because stop loss should protect you from heavy loss but in fact there are sometimes that it protects you from profits…

But still it was mis-judgment by me. I thought that BAE is on the way up, but my calculations were wrong. This is part of them game and it is a risk that every trader takes.

Bought BAE today

spread bettor — Thu, 23 Apr 2009 20:20:37 +0000

Hi all,

Those who read my blog on a regular basis know that I have a lot of respect to Simon Griffin from Shares magazine. That’s why when he recommended to buy BAE systems I read his explantions and openned my spread betting platform and bought it for 341 (June) I put a stop loss at 315 and my target is 420.

With BAE I have 4 shares on my protfolio:

Share	Date	Price	Current price	Profit / loss
Dana Petroleum	18/02/2009	947.2	1196.9	26%
Royal Dutch Shell	27/02/2009	1485.8	1429.2	4%
Tesco	06/03/2009	299.5	348.8	16%
BAE	23/04/2009	341.4	335.5	1.8%

I am still a bit disappointed with Shell. But for the long run I think it is a good buy.