Building Trading Capital & A Solid Day on the Markets

Today, I topped up my trading account with £100 from matched betting profits. The idea behind this was to give myself a bit more capital so I can properly dollar-cost average (DCA) into trades when needed, rather than being forced to close positions too early.

Last week, I placed a trade on the S&P 500 futures, which dipped and left me sitting on a loss over the weekend. However, by averaging in today, I managed to turn it around and secure a profit by mid-afternoon when the price finally pushed upward.

On top of that, I grabbed a small win by shorting the NASDAQ futures as the index reached yet another all-time high.

In total, I cleared £9.98 profit after fees, taking my trading account up to £215. This time around, my plan is to keep more capital on hand to DCA effectively or use basket trades when the opportunity arises.