No spread betting update yesterday as I basically didn’t do anything and today has been no different. I have a project that I’m working on for work and it has a pretty tight deadline so that is taking priority at the moment. I have barely had time to check what the markets have been doing today so I have no idea if they have rocketed, sunk to the floor or stopped pretty much the same. I guess I should take a look later.

I had an e-mail yesterday, presumably from a blog reader and when I tried to e-mail him back I got a message stating that the e-mail address only allows e-mails from certain e-mail addresses to get through. Since I sent the e-mail from my yahoo account I tried another account and received the same message. So Chris if you’re reading this please e-mail me again or allow my e-mail address so I can reply to your e-mail. (Quick quiz, how many e-mails in the previous paragraph? Answer at the bottom of the page.)

I’m going to try and get some time this weekend to catch up on the things I’ve been meaning to do for the site. The list pretty long at the moment but I’m sure with a focused effort, and enough time I’ll be able to catch up. That’s really all from me for today. Sorry I don’t have any more trading talk for you. Hopefully tomorrow will be a better spread betting day for me.

Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner

Answer: 8 or 9 if you count the one in the question.

Today has been a flurry of spread betting activity. I’ve moved some stops and made one new trade. Ok so not quite a flurry but certainly better than yesterday. The new trade is in Devro. I know what your thinking, never heard of them, well at least that’s what I thought anyway. I have no idea what they do all I know is the entry criteria matched my strategy (well one of Vinces strategies.) So I’m long £1 per point. I brought at 291.542 with a stop at 255.04. I know what your thinking the stop distance of 36.5 points at £1 per point gives me a risk of £36.5 way above my 1% max risk tolerance. Well let me explain, or at least give my excuse. The strategy I’m using here doesn’t rely on the stop to exit the trade. It has it’s own exit criteria so I will exit the trade manually when said criteria is met. The stop is merely a safety net should the worst happen and the company goes bust over night.

Exiting trades manually is not something that I have been a fan of in the past. In fact I prefer to leave trades alone and let the stops take care of the exits. However I must be changing/growing up or maybe it’s because I’m nearly 30 but exiting a trade manually doesn’t bother me anymore. I’m that used to making profits and losses (mostly losses) that manually exiting a trade at a loss has become second nature. It’s like walking the dog or feeding the cat these are part of other daily routines, exiting a position at a profit or loss is just part of the spread betting routine.

I have to say If you had asked me two years ago would I be saying that in two years time I would’ve probably said no. I think I’m settling into more of a routine with my spread betting and I quite like it. There once was a time that I would login to my spread betting platform four, five, six maybe more times a day. Sometimes I would leave it open in the background while working and check it at every opportunity. Not any more. I usually check it once a day now, if that. If I don’t get time I sometimes go all day without checking it. I think this new routine is the right thing to do. Fine if you day trade then you need to check your positions several times throughout the day buy that’s not for me. Even if I do make it past the finish line of financial spread betting for a living I would still like to only check my trades once a day. Otherwise what’s the point? I want to have my money working for me, not the other way round. I sit in front of a computer screen 8 hours a day now so why would I want to do that if I don’t need to? Yep that’s right I’m still dreaming that one day I’ll be doing this for a living. I have no idea if it will pan out that way buy I’m more than willing to try and find out.

Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner

No Spread betting news from me today I’m afraid. I checked through my open positions earlier but that was about it. I haven’t even had time to check if any stops need adjusting. Oh well I guess that will have to wait until tomorrow. I will check later for any potential trades for tomorrow but with most of my positions now open with IG Index and all of them having guaranteed stops I won’t be able to adjust any stops until trading hours tomorrow. That is the only pain of using guaranteed stops. Still I guess it makes sense for the spread betting firms to work it this way. If you could move a guaranteed stop out of hours and a company went bust overnight then the spread betting company would stand to lose even more on the stop as everyone would move their stop as close as they could to save money.

NEW* You can now read my review of Vince Stanziones Spread Trading System

Self made millionaire Vince Stanzione has produced a home study course to help you learn how to trade spread bets. For more information or to get your FREE Copy of “10 Top Trading Tips The Professionals Don’t Tell” visit Vinces Web site

I managed to get a little time over the weekend and I typed up my review of Vince Stanziones spread betting course/system. Take a look and let me know what you think. If you have any comments or feedback please do e-mail me or mention it over on the spread betting forum. It’s not fully complete as I need to review the ebook and the paper back book that come with the package. I haven’t fully read with of them yet but when I have I’ll get the review added. My aim is to allow user reviews as well and I aim to get this added soon along with a couple of other new features so keep an eye out for those. As always if you read my blog you’ll be the first to know about these things.

One other thing that I should’ve mentioned a while ago. Is anyone going to the TradersExpo on the 8th April? I’m going on Friday afternoon. I have some meetings in London Friday morning and I figured since I’m in London why not pop along and see what it’s all about. You can register here for free. If It wasn’t free I wouldn’t be going, but it is so I am. There are several speakers and if you want to go and see them you have to pay. I know Malcolm Pryor is speaking on Saturday the 9th April but I won’t be In London then and I think the £99 price tag seems a but pricey. If you are going maybe well bump into each other. I’ll be doing the rounds of the spread betting companies trying to spread the word about the site and drum up more visitors so I may see you by one of their stands if your going.

That’s all for today. Hopefully I’ll have some more trading action for you tomorrow.

Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner

Again I was pushed for time today and my financial spread betting was the thing that had to suffer. I checked for stop adjustments of which there were a few so I made the necessary changes. I then had a very brief look for new trades and since I was struggling time wise I decided against placing any new trades that fit with any of my current spread betting strategies. I did however make one new trade. I pyramided into my existing Taylor Wimpey position. I brought in again at 42 with a stop set at 37. I’m now long a total of £3 per point and it all my stops were hit tomorrow I’d walk away around £2 in profit. So why did I decide to buy into Taylor Wimpey again? Well as we all know the most profitable way of spread betting is to find a trend, get a piece of the action and then move on. An even better thing to do is keep adding to a winning position, which is commonly called Pyramiding. So that’s what I’ve done. There is no real rhyme or reason to the new Taylor Wimpey trade other than, I have another position open with locked in profit, the stock has just dipped slightly and I thought it seems like a good idea. It will probably turn out to be a bad idea but I need to try and make some money some how and adding to my winners seems like a good way to do it. Fortune favours the brave as they say. The only question is have I been brave or stupid? If it goes well I’ve definitely been brave, If it goes bad then I then I’ve been stupid.

As you know I didn’t update yesterday. Well you didn’t miss much. I’m not sure if I even did anything on the spread betting front. I was that busy yesterday with work etc that I just didn’t get the time. Obviously at the moment I have work, the website and the family to keep happy and I sometimes feel like I’m working flat out. With my long term goal being to spread betting for a living, I wonder if one day I’ll have so much time because I will have cut out the work. When I say I’ve cut out the work, I’m sure spread betting full time will be work enough and I’ll have the site to keep my busy as well. It would be nice to have the extra 9 hours or so a day to spend on spread betting and the website though. Always the dreamer.

I’m going to try and get my review of Vince Stanziones spread betting system complete and added to the site over the weekend, so keep an eye out for that. Oh and thanks to off the lip for the e-mail yesterday. Interesting that we both had Barratt Developments come up as a new spread betting opportunity. Hopefully it will work out for us. Have a great weekend everyone.

Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner

Today has been another quiet financial spread betting day. I checked my open positions earlier and adjusted stops as necessary. I then went on to check for new trades and I found one. It’s a buy based on Vince Stanziones spread betting system. I’ve placed a few trades using this system over the last few weeks, but then again too few to mention. Note the Frank Sinatra reference. Anyway I digress. Over the last few weeks I’ve placed a total of 3 trades using his system. Why didn’t I post about them, well firstly I wanted to test the water so to speak. I wanted to see if the potential was there and now I think it is. Secondly I couldn’t decide if I should add them to my current open positions or possibly start a new page to keep track of them. The problem is I keep generating more and more work for myself and I just don’t get the time to do half the stuff I want to do. Anyway for the time being I’ll just add the new positions to my current list and keep a log of them separately in my own spread sheet.

Spread Bets I’ve made using Vince Stanziones System

• Buy Trinity Mirror. Sold out due to exit signal. If I had switched to a short position when I exited my Long position I’d be around 40 points in profit by now.
• Buy BSkyB. Unfortunately It got me in just after the talk of Rupert Murdoch taking over completely, but still the position is in profit and is still open.

Todays new Spread bet

Buy Barratt Developments at 109.33 with a stop at 96.33. The stop though is only a safety net as an exit signal will come before the stop gets hit, or at least it should. Obviously if the company goes bust over night then the stop will get hit, the whole point of the stop really. As I’ve said before I can’t reveal Vinces secrets but I will be getting a full review of his spread betting course material on the site over the weekend at some point so keep and eye out for it.

It’s a simple system and I’m looking forward to testing it out more. I’ll try and keep you posted with new trades I make and if they use my super trend strategy or one of Vinces strategies.

Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner