There was one new trade to enter this week. When I inputted the amount in my betting bank into the calculator for this new trade yesterday it told me that I didn’t have enough funds to cover the new trade and to stay out of it. This doesn’t mean that it would have used my whole betting bank on one trade, it means that the calculator is designed to use a certain proportion of your betting bank for each trade and this particular trade would have used up a higher proportion due to the large stop loss set and the minimum amount that can be bet at IG Index.
Well, I checked it again this morning and the trade in question had actually moved into the negative closer to the stop loss. I inputted my details again and this time it allowed the trade. So I have entered the trade in a better position than I would have been had I entered yesterday. It will be interesting to see how this trade progresses as it’s in the forex market which I’m already pretty familiar with now. I’m only in this trade at 50p a pip and the maximum loss if it does lose is less than I’m used to with Tufxp so it’s no biggie.
My other trade is still progressing, albeit very slowly compared to this new trade, which has actually gone £26 into profit in the time it’s taken me to write this.