Betfair Official Blog

A Successful Day on the FTSE

Our trader's plans appear to be going well...

So having activated the account and added some seed money, my first big decision is in which market area to trade. There is a vast choice on the Tradefair platform, however careful study is needed to pick the one that is right for me (and for you also of course.) I need a market with some volatility (but not too much) and also one I can read news items and information on. This data will allow me to make judgement calls on the market position, and more importantly, where that market might be going.

After much consideration, I opt to go for the 'FTSE Rolling Daily'. Most crucially, this seems to have enough movement for my 'cut and run' strategy of rapid trading.

On the starting blocks now...and I'm off. Day One sees me place six trades, each one buying 20 FTSE Rolling Daily and then getting out when they are relatively good. Day Two is similar but due to other distractions is limited to three trades. Day Three sees six more trades, again at 20. Happy days. Using candlesticks theory to predict movement whilst maintaining a studious watch over the prices is yielding results.

My range of trading spans the day from 9am to about 4.30pm as I have made a conscious effort to ensure I am not leaving any positions open overnight.

Monthly PL: £2186.00

Lesson Learnt: Doing your homework pays dividends. I did some ground work, made some big decisions based on this, and most vitally of all, I stuck to them.