I opened a dealing account with IG index with £1,000 and would like to have feedback from others on their trading plan. Had a lot of good advice from Goldfinger and done a bit of research on what would be the best trading plan for the small punter.

My trading plan at the moment is to deal in 1 to 4 stock's under 200p and use only 2% of my cash balance [ £20 ] , so i could open 4 bets of £5 or 1 at £10 & 2 at £5, etc: With a stop loss of 5% and a sell limit of 15%

Gone long ITV @219, stop@215, target 230