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  1. Mo06

    Diary of an LSE stock trader

    Thought I'd post a breakdown of my trades since October. Each trade is categorised as follows: Time trade is opened: I 0800 - 0900 A 0900 - 1200 L 1200 - 1500 F 1500 onwards C: Countertrend (ie long when price is below a 1 day MA, opposite for shorts) T...
  2. Mo06

    Diary of an LSE stock trader

    Thought I'd get this posted now, as apparently the world is due to end in 59 minutes..... Summary Week Ended Friday 21st December 2012 7 stock trades: 3 AAL + 18.46 BPS 1 BG + 2.91 BPS 2 BLT + 15.41 BPS 1 STAN + 18.14 BPS Stocks net + 54.91 BPS 4 long trades, 3 shorts...
  3. Mo06

    Diary of an LSE stock trader

    Summary Week Ended Friday 14th December 2012 7 stock trades: 3 AAL + 13.97 BPS 2 BG + 29.43 BPS 2 BLT + 31.46 BPS Stocks net + 74.86 BPS All long trades, all intraday. No index trades. Thoughts A rather quiet week, I traded 4 days. Markets remained in narrow ranges...
  4. Mo06

    Diary of an LSE stock trader

    This is a screenshot of my daily spreadesheet as at CoB 11/12/2012
  5. Mo06

    Diary of an LSE stock trader

    Hi, yes I used to trade CFDs with CMC, but I'm now spread betting, OK the spreads are wider but then I save on commissions. I may change as I increase my trade size. The focus at the moment is getting back into the groove of daily profitable trading.
  6. Mo06

    Diary of an LSE stock trader

    I should explain a couple of things: I use BPS to measure trades as it makes comparing trades on stocks with very different prices much simpler, 100 BPS is a 1% move. Some of my trading stocks are in the £20 range (BLT, AAL) while a couple are in the £2 range (BARC), so using BPS allows...
  7. Mo06

    Diary of an LSE stock trader

    Summary Week Ended Friday 7th December 2012 5 stock trades: 2 BLT + 30.56 BPS 2 STAN + 17.20 BPS 1 XTA + 7.85 BPS Stocks net + 55.60 No index trades. Thoughts A lacklustre week, I traded 4 days. Markets in narrow ranges, and the hoped for pull back on a weak non -...
  8. Mo06

    Diary of an LSE stock trader

    Summary Week Ended Friday 30th November 2012 12 stock trades: 1 AAL + 9.11 BPS 7 BLT – 54.81 BPS 2 STAN + 5.63 BPS 2 XTA + 45.78 BPS Stocks net + 5.71 No index trades. Thoughts A difficult week, I traded 4 days, poor trading on BLT resulted in giving back earlier...
  9. Mo06

    Diary of an LSE stock trader

    Summary Week Ended Friday 23rd November 2012 4 stock trades: 2 BARC + 94.40 BPS 1 BLT + 7.75 BPS 1 STAN + 2.78 BPS Stocks net + 104.93 No index trades. Thoughts Traded four days this week. A light volume week since Thursday was Thanksgiving in the US. Stay disciplined...
  10. Mo06

    Diary of an LSE stock trader

    OK, I have been a little slow getting this journal going, so I am going to post stats from the last few weeks. Summary Week Ended Friday 16th November 2012 10 stock trades: 4 BLT + 44.61 BPS 1 STAN + 6.31 BPS 5 XTA + 58.86 BPS Stocks net + 109.78 BPS Well short of my 500 BPS...
  11. Mo06

    Diary of an LSE stock trader

    I am going to post weekly, and possibly daily updates here on my stocks trading activity. I trade stocks on the London Stock Exchange (LSE), and have been doing so for a few years. in 2008 I took a sabatical from trading, but in mid 2012 I resumed trading stocks. I have also traded index...
  12. Mo06

    Grinding it out, day after day

    Just finished reading this thread from start to finish, great stuff Lescor. I have one question, as someone who also trades stocks full time, and it's the question of measuring performance. I calculate the gross return on each trade in basis points - so a long trade entered @ 20.00 and...
  13. Mo06

    Trading Movies?

    Just watched 'Million Dollar Traders', it's very good but bear in mind that the traders have NO experience when they start. Great to see how defferent people react to stress. http://en.wikipedia.org/wiki/Million_Dollar_Traders 'Trader - The Documentary' - Paul Tuder Jones documentary...
  14. Mo06

    Interview question

    There's the possibility that after losing 50% in the first year, your services would no longer be required. So not a difficult choice that one...
  15. Mo06

    John Carter - Hubert Senters - tradethemarkets.com SCAMS?

    "Here's the link to the video:" Thanks for that. 'Recipe for disaster.....'
  16. Mo06

    John Carter - Hubert Senters - tradethemarkets.com SCAMS?

    Hmm... I have read John Carter's book, and thought it far from the worst trading book I have come accross. I sometimes watch the free videos, but have never been tempted to subscibe to TTM. I didn't know about Rob Hoffman's big loss last year, it seems rather odd that Carter & Senters are...
  17. Mo06

    John Carter - Hubert Senters - tradethemarkets.com SCAMS?

    Interesting to see who won: http://www.livetradingchallenge.com/results.pdf
  18. Mo06

    Advice needed

    OK, I've been trading for a few years, I was profitable, trading first stocks and then index futures. Anyway, I had a major drawdown in 2007, another in 2008, and it has really knocked my confidence, I am determined to get back to trading profitably, but I am at the point at which I am...
  19. Mo06

    Simple Profitable Method

    "I would really like to narrow this down to one indicator and get it down pat" How about price ? It's pretty good.
  20. Mo06

    Simple Profitable Method

    "Beeflover, I totality agree with you... But just a few comments. 1). I have found that you can get 7 points at least every hour trading the (YM) with very little risk. (7 x 5 = $35.00 an hour. or 35 x 6 hrs a day = 210.00 a day) very little risk. 2). I would like to be able to...
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