My Devro spread bet is no more. I exited it today true to my strategy and took a £7 hit. Other than that I have just been monitoring my open spread bets, adjusting stops where necessary. It would seem that the FTSE 100 is in for another bad day. I don’t really know why but with all the doom an gloom in the news I guess it’s hardly surprising. I think it has further to go but again I guess we’ll find out.


Thanks to those who commented on yesterdays post. I think edswifa may be right about my Barratt position being doomed. Quite rightly he pointed out that it’s a trend following system which will only work with a clear up trend or down trend. I would say that at the moment Barratts is going side ways. The problem I now have is if I exit and move on it will probably start to trend nicely. I think for now I will stick with Barratts and hopefully it will come good. Not sure if I’m being naive about this. It does kind of sound similar to riding a loss. Maybe I should just let the current trade pan out then move on. I don’t know. Just when I think I’m getting somewhere this happens and I feel like I’m no further along than I was two years ago. Still I guess it’s another one to chalk up to spread betting experience.


Speaking of riding losses I spotted this video in you tube. If you’re at work or home and have sound be careful as there are a few naughty words in the clip. It does demonstrate the importance of cutting a loss though. It’s also kind of funny, but not for the poor guy in the video.



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

May 5, 2011 by Harry
Category: blog