Today things are all quiet with my spread betting. I’ll be checking later to see if it’s required that I move my stop on my one open position in Amlin. So far my stop loss level is still at the original level but I think with the recent drop in volatility and price rising slightly today I may be looking to notch up my stop, even if it is only by 1 point, it’s 1 point closer to a profit.
I took a look for new spread bets earlier and while there were some that fit my moving average cross and super trend strategy the risk was far to high for my account size so they are best left alone. The FTSE 100 ended its 9 day decline with a modest 40 point or so gain today. Hardly surprising it hasn’t moved much with the US markets closed for thanks giving. I wonder how the FTSE will fare next week when the non-farms payroll and un-employment figures are released in the US. Could it be the nudge it needs to drop below the 4950-5000 resistance level of old? Could it be the stimulus that’s needed to get the FTSE back into winning ways. As always I have no idea what the FTSE will do but I suspect we’ll be in for a bumpy ride until Christmas is out of the way.
Well that’s about all from me for this week. Hopefully next week will be full of fruitful spread betting opportunities that will make me some money. I could do with a boost after the losing trades I’ve had recently. Still if I stick with it a nice trend should emerge which I can ride an pyramid into to make me my millions. Ok so maybe that is wishful thinking but it’s a nice though to go into the weekend with.
Oh I forgot to mention that I have been making some changes to the site which I’m sure you’ve noticed. The buttons at the top have changed. I need to sort them out and add more content to some of them but I’m hoping it makes navigation quicker and easier. Let me know what you think about it if you like. I’ve also started a Technical Analysis section. At the moment it has articles from Offthelip in there but I’m working on a few which will be added in the next few weeks. Hopefully you’ll find them useful and informative. Anyway that’s all for this week.
Have a good weekend everyone.
Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner
