Spreadbetting Journal £1,000 - £30,000

[goldenbull 10]

Hi big goal right?

I'm looking to start a journal that shows my trades before the market opens so you can follow if you like.

I have been simulating trades for the past year with my own formulated strategy which has proved very successful!

I turned £10,000 into just over £300,000 in 12 months!

Yes i was using an aggressive money management system where I would double up every time my capital did however the strategy I am using has worked out to be very profitable and consistent.

 

My goal now is to use my own £1,000 and take the plunge! its sink or swim time!

I can afford to lose £1k so if this doesn’t work then so be it it's worth a shot

 

Strategy:

I will place my trades on here just after the market close for the Dow Jones for next days trading at the opening bell for the Dow Jones the next day at 14.30pm GMT

 

Example of trade notification.Signal: BUY closed price 12400/stop loss 12333/limit 12500

Potential Profit: 100 points

 

Buy= trade direction

Closed price = what price did the Dow close so we know ball park figure for opening at 14.30 GMT

Stop loss = what level to set stop loss

Limit = what price to set limit to take profits

 

 

Rules:

I will start with £1k and use a £1 per point allocation until I turn it into £2k

then I will trade £2 per point. Once I double my account size again to £4k I will use £4 per point increasing as my account does.

I have little room for error however this system works well.

All trades must be closed at the closing bell at 21.00pm (GMT) if they have not been triggered by the stop loss or limit level.

 

If the opening price is above or below the stop loss or limit price I will not trade until it falls to previous levels close price.

 

Your welcome to enjoy the ride with me

[Pippovic 10]

So far it doesn't look very promising...

[TheNegotiator 13]

Did you start this yet goldenbull?? It'd be very interesting to see a strategy like this as the account develops(or doesn't).

[day 10]

Hello GB

How's it going? I am new to this site. I day trade spread/cfd, would be interested to hear how you are doing

good luck mate!