Wednesday, 13 July 2011

Wednesday 13th July

Think we are in for a weak bullish day. Hoping to get a good price on the FTSE for a long and hold until mid-morning.  Markets are very volatile at present with Italy, US debt ceiling and talk of Qe3, so prefer to be nimble and get out positions as soon as i have met targets.

1 - long base stake * 0.8 at 5870. Stop 5710, target 5941

2 - closed at 5871, not happy with it. £5 profit LOL.

3 - long at 5874. base stake * 0.4

4 - added more at 5876. base stake * 0.4

5 - closed at 5876 break even

Was hugely under water on the long thanks to poor management and having to go out. 

Extremely lucky to get out at break even.

Feel like i am trading on emotions a bit today so no more trades today, need to step back until tomorrow and revert to minimum stakes.

Very, very lucky, must improve management and control emotions better.

Until tomorrow...

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