My introduction to share trading started thirty years ago when I was given 100 Abbey National shares due to having a mortgage with them. They increased in value 30% in twelve months, I was hooked! I then began depositing into Building Societies to obtain free shares when they demutualized and my portfolio was born. Because my business involved trading metals I began to take particular interest in the Mining sector, which has continued to this day. I was caught up in the wave of Dot.com winning and losing like most, which forced my hand to understand the importance of risk management going forward which has given me the discipline to still be trading the same portfolio of thirty years ago.
I have put an order to sell the uk 100 on the 1 hr on a break below the moving averages , i have placed the stop above the weeks high on the 4 hr . we have just had UK manufacturing PMIs which were in line with estimates so with no more uk/gbp news today we should have a clear run until 7 pm when we have the FOMC rate decision . first update the trade is up 31 pips so im going to move the stop up to 7390 to secure 25 pips because of the fomc at 7 pm