Performance

[Marttrader]

I've been spread betting now since june (almost 8 months) and keep a balance of £15,000 to trade with.  I'm currently up by 41%. I think it's good (although it has been a big rollercoaster ride including some big losses),  just wondering how I'm doing in relation to some of you seasoned traders ?. I don't know anyone else who spread bets to compare with. All feedback will be appreciated 

Thanks 

Martin 

Edited January 13, 2022 by Marttrader

[Mustangmarek]

That's pretty good - 5% a month (not compunded). Well done !

Do you use a particular system for trading, in particular what is your stop loss policy ?

[Marttrader]

Sorry for the delay in replying,  been busy at my real job 🤣. I don't have a particular system for trading. Just if I think something is punching above it's weight I'll short it, likewise if something is performing below par.  But generally have to lay down a chasing trade if it goes too far wrong, (damage limitations). As for stop losses,  I guess I'm a bit wreckless and don't use them,  have done in the past and and got stopped out overnight 🤬🤬. I also use simple 'line' charts, no candle sticks,  nothing fancy. rsi just seemed to cost me every time so stopped using g that aswell.  I think it can get all too complicated,  keep it simple 👍🏻👍🏻

[MongiIG]

16 hours ago, Marttrader said:

I've been spread betting now since june (almost 8 months) and keep a balance of £15,000 to trade with.  I'm currently up by 41%. I think it's good (although it has been a big rollercoaster ride including some big losses),  just wondering how I'm doing in relation to some of you seasoned traders ?. I don't know anyone else who spread bets to compare with. All feedback will be appreciated 

Thanks 

Martin 

Hi @Marttrader

Thanks for sharing. Up 41% that is great! 

What type of trader are you? Scalper, day trader, swing trader, position trader, algorithmic trader or event-driven trader ?

 

All the best - MongiIG

[MongiIG]

12 hours ago, Marttrader said:

Sorry for the delay in replying,  been busy at my real job 🤣. I don't have a particular system for trading. Just if I think something is punching above it's weight I'll short it, likewise if something is performing below par.  But generally have to lay down a chasing trade if it goes too far wrong, (damage limitations). As for stop losses,  I guess I'm a bit wreckless and don't use them,  have done in the past and and got stopped out overnight 🤬🤬. I also use simple 'line' charts, no candle sticks,  nothing fancy. rsi just seemed to cost me every time so stopped using g that aswell.  I think it can get all too complicated,  keep it simple 👍🏻👍🏻

Hi @Marttrader

What market/s do you trade? What is on your watchlist?

All the best - MongiIG

[Marttrader]

4 minutes ago, MongiIG said:

Hi @Marttrader

Thanks for sharing. Up 41% that is great! 

What type of trader are you? Scalper, day trader, swing trader, position trader, algorithmic trader or event-driven trader ?

 

All the best - MongiIG

I'm mainly a scalper,  day trader, swing trader (guess that means waiting for big movement then going others way)🤷🏻‍♂️. This is my main watch list, as you see it's been a proper rollercoaster (I like to call it a learning curve)🤣🤣🤣💸💸💸

[Marttrader]

New to this community and find it harder to navigate than the platform itself 🤦🏻‍♂️🤦🏻‍♂️

[MongiIG]

3 minutes ago, Marttrader said:

New to this community and find it harder to navigate than the platform itself 🤦🏻‍♂️🤦🏻‍♂️

Hi @Marttrader

Welcome to the community!

Check out the community new member guide blog below:

Hope this will help!

 

All the best - MongiIG

[Marttrader]

Thanks,  I'll take a look soon 👍🏻👍🏻

[MongiIG]

19 minutes ago, Marttrader said:

I'm mainly a scalper,  day trader, swing trader (guess that means waiting for big movement then going others way)🤷🏻‍♂️. This is my main watch list, as you see it's been a proper rollercoaster (I like to call it a learning curve)🤣🤣🤣💸💸💸

Hi @Marttrader

Thanks for sharing!

Lots of indices on your list, highly liquid and provide volatility giving you the trader tight spreads and great trading opportunities. 

 

Happy trading! - MongiIG

[Marttrader]

Now 53% up although I struggle to see how as I always seem to be a  bull in bear country and a bear in bull country 🙄🙄. And I've left so much out there 🤦🏻‍♂️🤦🏻‍♂️

[Marttrader]

Now 80% up. Perhaps it's time to take the stabilisers off 🤷🏻‍♂️🤷🏻‍♂️