You already know that I ditched my Google Docs spreadsheet implementation of my Stop-Out List in favour of one based on the Google Finance Portfolio Feature. The more I use the new implementation, the more I like it.

The value of the Trading Trail position trading portfolio is now down to little more than £600 (from an initial cash balance of £1000) and so you might wonder: am I worried?

My idea of a Stop-Out List that shows me my last selling price of each stock (so that I never buy back more expensively) has served me well.

Today I pyramided an additional £1-per-point into my Thomas Cook position. At the time of writing, my existing position that was established at 11p…

Some people know their spread betting platform inside out. They know what every button does, but they still lose money because they don’t have a good trading strategy. They know how to use the trading tools, but their trading techniques need some work.

One of the features of my preferred Position Trading approach is the running of many equity positions simultaneously.

Before I move on to the main feature of ‘Not Following the FTSE’ I’ll update you on the progress of my Michael Page position that I told you earlier.

I spend a lot of time writing about spread betting techniques but to use these techniques you often have to use orders. In this feature I go back to basics by describing the form and function of typical spread betting trading tickets and order tickets.

I hope my sensationalist headline got your attention, and I bet you’re wondering by what kind of strange alchemy a long trader can make money from falling prices. But first, why would he want to?

Legendary trader Jesse Livermore was quoted as saying that the big money was made on the waiting. While I’m not comparing myself with Livermore — I wish, although he did shoot himself — it does seem as though in my Trading Trail account I’ve been doing more waiting than buying or selling.