Monday, 1 June 2009

A time for playing FTSE

Hey All.

Apologies for lack of update. I've been a bit jittery around the markets of late so I think like most have taken profits where I can and started playing some the nice trading ranges. The FTSE has been fantastic for this and has netted me some nice easy £££ with a bit of day trading (good old bollinger > EMA > bollinger safety net).

Other than that I closed my spreadbet long as I stupidly had a margin call (opening too many positions that moved against me). Still I netted £100 return on that one!

I still have my Workspace Grp long going on - will keep this open and see what happens!

Volex - i was up a nice £200 quid on this (20%) and did not sell expecting more to come. then i bottled it and tried to sell, stupidly buying in the process. Decided that actually that was not so bad after all only for results to come out today which i think are very good but the market did not like the expectation of the same performnace in 10 as in '09... so I'm now long 2.2k with a profit of 40 quid if i sell out.... what would you do? Cut and run? I've not done so yet but I am tempted to!

Other than that I don't have anything for the moment - most of the volume plays are too risky for me right now as i think quite a lot of shares are fairly / over priced. I'l be sure to update if I find anything though!

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