Paper Trading FTSE 100 Day 1 – 10th April 2008

Here are the paper trading results for FTSE 100 on day 1. Refer to the original entry to read about my plan to trade the FTSE 100 Index.

The entry and exit levels were based on actual data from my online trading platform. The numbers in brackets are times of entry and exit.

Trade 1
Short sold at 5984 (18:06), exited at 5935 (19:35).
Profit: 49 points.

Trade 2
Bought at 5935 (19:35), exited at 5934 (20:45).
Loss: 1 point.

Trade 3
Short sold at 5932 (20:45), exited at 5933 (21:20).
Loss: 1 point.

Trade 4
Bought at 5935 (21:20), exited 5920 (21:55).
Loss: 15 points.

Trade 5
Short sold at 5920 (21:55), exited at 5912 (23:05).
Profit: 8 points.

Trade 6
Bought at 5912 (23:05), exited at 5899 (23:50).
Loss: 13 points.

Trade 7
Short sold at 5899 (23:50), exited at 5922 (00:25).
Loss: 23 points.

Trade 8
Bought at 5922 (00:25), exited at 5970 (02:10).
Profit: 48 points.

Trade 9
Short sold at 5970 (02:10), exited at 5966 (02:30).
Profit: 4 points.

SUMMARY

Profts = 109 points
Losses = 53 points

NET today (points) = 56 points

Cumulative Total = 56 points

Winners = 4
Losers = 5

Biggest Win = 49 points
Biggest Loss = 23 points

Winning Probability (W) = 0.444

Win/Loss Ratio (R) = 2.571

THOUGHTS

If you noticed, positions were maintained throughout the trading day. i.e. I had exposure to the market all day long. Yup, I was scalping for profits here and there. Stay tuned for results from Day 2!

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Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

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Other related posts:

CFD Trading : An Introduction
CFD Trading/Share Trading : Setting Stop Loss
CFD Trading/Share Trading : Stop Loss in Perspective
CFD Trading/Share Trading : Being Long and Short (Concept of Short Selling)
CFD Trading/Share Trading : Short Selling in Perspective
CFD Trading/Share Trading : The 2% Rule
CFD Trading: What can be traded with CFD

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. armandd says:

    nadlique, i’ve been following your blog for about a month and i found your entries are very useful. i would like to ask your opinion about Multi-Level Marketing (MLM) business in general. i’ve lots of friends promoting this type of business to me, and all of them guaranteed that i can make lots of money by joining them. the returns promised by them seem too good to be true, sometimes downright ridiculous. so, what’s your opinion on this?

  2. Hi armandd,

    Great to hear that you have been reading my blog 🙂

    With regards to my opinions on MLM, I’ll try to post up an entry sometime tonight. If not, try to check back tomorrow night or something.

    Cheers 🙂

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