My Trades

Here I will show a summary update of my results so far. This is version 2 of my original plan which I closed in Nov 2011 and took £200 profit starting with a £500 capital. I have started V2 with £1500 capital with the hope that I can grow it using my system over a number of years.

Below is an image of the Excel file I use to track my trades both open and since closed. I started Version 2 of my plan on 27/04/2012 and opened 2 trades. You can see below what those trades are, and any future trades I make will be added. £PP is Pound Per Point or Stake. I update this roughly once a week. This is because I only check on my trades once a week. If you think that’s crazy this is because I’m a long term trend follower and I only take positions following trends which have been going on for months sometimes years. It’s a much slower process than Daytrading, but i’ve already seen much better success this way. It’s far less stressful and takes up much less of my time (approximately 30 mins a week) to track.

I also like visual representations of how things are going so once a week I plot my position on a simple profit and loss graph just to show how it's moved since I started my new project.

Bear in mind that for this project to work i'll lose money initially before I start to see my trades move in the right direction and following their trend. The massive drop at the start of June is due to me opening about 10 trades at the same time. As a result of having so many trades open at once I should start to see a lot more movement both positive and negative, otherwise known as volatility.

If you have any questions about my trades you can contact me at enquiries@spreadbetbeginner.co.uk