Alright, this morning I'm absolutely kicking myself.

Placed a short trade on Mouchel on Sunday night. The price action looked right and the indicators were good. I figured that there's a potential for some sharp movement downwards on Monday. And I was right, it went down by quite a bit.

But...

After increasing my fund by over 5% early last week I had a chat on Thursday evening with my good friend (and spreadbettingcommunity.com resident expert), Mark Walas, about my success.

I have to admit his response of "Are you mad?" wasn't quite what I expected.

I have to admit that I was very surprised by the lack of decent trades yesterday. Checked my Sharescope at 7 yesterday morning and couldn't find anything worth trading.

Today, however seems to have opened with a flourish, got 5 open trade orders on the books.

So it seems that spread betting is sometimes like the buses: you wait for ages for just one and then loads turn up at the same time...

Well this last 2 days has been the most successful in my trading career to date. My fund is up by 6% and now all the trades that did so well for me yesterday have closed out. This was because I moved my stop-loss levels in very tight to minimise any bounce, which has since happened.

Don't want to boast since I'm far from financially independent (yet) as a result of my spread betting but today I increased my trading fund by 4.5% - my boggest single day gain.

Well, since taking indicators (MACD, RSI, stochastic etc) into account I'm now looking at potential trades with a deeper understanding of why and why not I should consider entering trades.

This evening I've placed 2 trades, both of which are continuation patterns. The indicators look good and the price movement is going in the direction I want.

So, let's see if my additional study pays off.

Just went over the training materials I picked up on my trading course in February and realised that I've not been paying enough attention to indicators when trying to pick out trades.

So I'm learning more about RSI, MACD, Stochastic Oscillator and volume.

Well after a couple of weeks of nothing on offer I've finally spotted a few short reversal trades. Ladbrokes, Premier Foods and Carphone Warehouse all look good to continue their previous trend, which is downwards.

Let's hope my calculations proves to be at least two thirds correct.

At the time of writing 12:48pm the FTSE100 had dropped by 250 points after news that Lehman was going bankrupt. Unfortunately, because I'm not able to sit in front my computer and trade all day I've missed this exciting short trade.

I'm not sure what on earth is going on but there's very little to trade on the LSE at the moment. In the last week I've only found 3 decent looking reversal trades and only one of them has activated (BT). So, this evening, all I could find was a short reversal (power play) on JKX. It looks about right but we'll see what happens tomorrow.