Thursday 18 March 2010

Day Trading Articles

Day Traders Aren't Stupid -- They're Insane

Tuesday 14 July 2009

Current Rumours Circulating - 14th July 2009

Heritage Oil - Potential Bid (487.50 @ 15.36)

Computacentre plc have managed to get a large contract. (211.00 @ 15.36)

Monday 13 July 2009

Current rumours circulating 13th July 2009

Goldman sachs profits for Q2 2009 will beat all expectations. (Pre Market 13/7/2009)
Amazon looking to acquire netflix (13/7/2009 15.30 Net flix share price 41.42, S&P 882)

Tuesday 7 July 2009

Sunday 5 July 2009

Current Rumours 5th July 2009

Some rumors circulating ;

National Express Cash Call - Press Association - Here is the link

Centrica Set to Bid for Venture Productions - Here is the link

Saturday 25 April 2009

Instruments

I will try and keep this post updated for the instruments that I use.

S&P USD 50 is the Standard and Poor 500 Equity Index at 50USD per point. Which means you make or lose 50USD for each point the index moves.

FTSE 100 £2 is the Top 100 UK Companies listed on the London Stock Exchange. Which means you make or lose GBP 2 for each point the index moves.

FTSE 100 Put 3550 May 2009 is an Put option giving the buyer the right to sell the FTSE 100 on May at 3550. The level of the sale could be variable for example 3600 / 3700 - there are a range of options available at those values.

Terminology Explained

My trading journal may be complicated for those of you that don't understand the terms, so here I will try and explain a little.

You can either buy or sell something and you can either open or close something. That something being an equity, index or forex position (I will refer to it as an instrument).

You can also sell something that you don't have and buy it back later for less money !

  • Buy to Open means that I have purchased an instrument and opened a risk position.
  • Sell to Close means that the instrument that I had bought earlier I sold for a profit (or a loss) !
  • Sell to Open means that I dont have the instrument but I have sold it and opened a risk position.
  • Buy to Close means that I sold the instrument earlier and now have bought it back.
These are the basic buy and sell signals that you will see in my trading journal

About Me

I try and work a broadly market neutral strategy and based purely on fundamentals and my gut feel.