Ok so I’ve finally started to develop my trading plan over at spread betting talk. It’s always interesting when I start to think about these things, you never realise exactly what you need to think about and write down until you actually get on and do it.


For instance I has nothing written down about what my financial goals were from trading. I just wanted to make money but I had no idea how much (the more the better obviously). Now I’ve put a minimum annual % return that I aim to achieve, while I strictly don’t like the idea of limiting myself to profit targets I think it’s a good idea to have one in place and let it run if need be. I’ve tried to generate a list of questions that I can form into a template for others to use and develop their own trading plan. If you do have any input or think I’ve missed something please do join in the conversation ondeveloping a trading plan.


Anyway I don’t want to cover everything I’ve just written again so go and read it at spread betting talk.


I don’t have much to report by way of trading as I’m not even looking for new trades until my trading plan is complete. I may paper trade for a while, I’m basically sick of losing money(who isn’t) and I’m trying to do something about it. As I mentioned before 2012 is the year of the spread betting beginner.


If you need a little light entertainment you can check out my latest articles on Finance news. These are Greece to leave the Euro in 2012? and UniCredit shares suspended after falling 9.9%. They are not meant to be uber serious news stories but more my spin on actual news stories of the day. If you want to have a go at writing one yourself do get in touch as it can easily be arranges. My view is, if you can read a news story and have an opinion on it then you can write for Finance News.


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

January 4, 2012 by Harry
Category: blog