Well I’m back after a 13hour drive home yesterday. Still it’s good to be home. What’s not so good is that it’s back to the daily grind today. I guess someone has to pay the bills. It’s taking a while to get back up to speed with work etc so things are a bit slow at the moment.
On the trading front not much has happened since I’ve been gone. I got chance to take a quick look at my positions over the weekend and they seemed to be all doing reasonably well. I checked them again this morning and they have all fallen back. Still not to worry, my stops will take care of any that fall too low, some are showing a sight “locked in” profit, others are showing a slight risk. With not getting back until late last night I’ve had no time to look for new trades. Hopefully I’ll get some time later to take a look.
On a side note I spotted a news report on BBC news about some bloke that is being done for a setting up a Ponzi scheme. In there is says about one couple who invested £1.4 million (Their entire life savings) into the scheme, and now there is only £14,000 left. The thing is if you are going to invest £1.4 million you would think you would do some research into the person that you are giving your money too. I usually make sure I’ve checked out any individual or company that I give any sum of money too. Anyway reading this made me think about when I had a phone call from Alexander Stark from ENEQ trying to get me to invest in Chesapeake Energy Corporation (CHK). I’ve kept my eye on the share price and I have to say it’s currently doing quite well. When he “tipped” me, the share price was around $23 it’s now around$27, so it’s doing alright. It did fall back initially to around $21 but has since rebounded. With hindsight I should’ve placed a small spread bet on it but hey If I had know then what I know not I’d be a millionaire already. All that said I would never give any money to someone who just phones me up, I much prefer to manage my own investments.
Anyway that’s about all for now. Hopefully I will have time to spend spread betting and improving the site. I still need to look into the speed issues that a few people have been having. I’ll try and get this sorted as soon as I can.
Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner
I love the typo:”If I had know then what I know not I’d be a millionaire already.” That says it all really. I totally agree about the BBC item on that PONZI scheme, it was on the radio 30 min ago. What amazes me is that people are prepared to put such a high proportion of their wealth into a single investment. I am a really strong believer in the old wives tale: “Don’t put all your eggs in one basket”
Welcome back!
The only speed issue I had with your site was yesterday evening, never had a problem with it before.
Off the lip, Thanks again for pointing out my mistake. I think I need to spend a little extra time proof reading my blog posts before posting them. Obviously it’s supposed to read ”If I had known then what I know now I’d be a millionaire already.” I’m not really sure how I’ve managed to make this typo. The distance between the t and the w would be a really ‘Fat’ finger. Still we live and learn!
Oh and I agree about not putting your eggs all in one basket. No matter how good an investment seems if there is any risk at all the one should not risk the shirt off their back.
Thanks for the feedback spread betting trader. I’m wondering if the site speed is more to do with my web hosting company than anything else. I’ll investigate further and make any improvements that are necessary.
Thanks again for the comments.
Harry.