FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .
He fills his spare time with weight training and rugby, though more coaching than playing these days.
FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.
He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
All That Glitters
Happy Leap Day. Hope you survived the, “Darling, I’ve got something to ask you” thing.
After a busy week, with extremely mixed results (up £750 on the forex, down £650 on equities) I’ve decided to sit back and have a look around today. Sometimes it’s good to just check out a few other markets or have a bit of a read and try to improve the view of the bigger picture.
Wow! Gold’s taken off with a vengeance; twasn’t long ago we were pondering a $900 target, now it looks bang on to test the $1000 level. But no thanks; I think I’ll watch this one from the touchline. A few months ago I was tempted by the lure of a $900 target and ended up with one of my worst trades of the year. But if any of you fancy trading the bling then check out A Crock Of Gold.
Yesterday’s sale of Barclays isn’t looking so bad now; true it wasn’t a short sell, but I closed my position 30p above here. Banks have taken a right hammering today, but I’m watching to see if Barclays can test and hold above the downtrend line over the next few days. Today the share price crashed through the 500p level like it was the Derby County defence, but I’m looking to see if the 460-470p level holds.
The Euro has shown complete disdain for last week’s article and is starting to look comfy at the new highs. I’m not tempted by it today as Fridays often see a bit profit-taking and position squaring. It’s also looking a bit overbought after a busy week.
My FTSE short looks set to help me end the week with a smile, and that’s always a good way to start the weekend.
Watch out for the major football event of the weekend. No, not West Ham vs Chelsea, the Paddy Power Craggy World Cup. This is a knockout 5-a-side competition open to all the surrounding islands, and Sicily! The wildcard invitation Italian side are 11/10 favourites to win the cup.
Hey, and whilst we’re chatting about sport, just a heads-up that today is the closing date for our Don’t Miss The Post competition. Now, even if you’re a bit strange and don’t like rugby it could be worth entering if you read Z’s comments on Wednesday. I don’t have any inside info, but there’s a hint that all entrants might benefit in a small way. To me that’s a free option, a no-brainer. Why not check in and give it a whirl?
Happy Trading
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