My own Spread Betting activity has taken a downturn recently. My last open position was closed prematurely by my own fat fingers. At the moment the fat finger trade turned out to be the right thing to do. The price has recovered since my exit and I have thought about potentially getting back into the trade. The price has risen and if I was to enter the spread bet again I will have essentially made more from the spread bet by waiting out the recent rally. I haven’t as I’m not 100% convinced that it will be the right thing to do. I am now thinking to just move on and look for new spread betting opportunities.
I had a look for new spread bets earlier today but there is nothing that meets the entry criteria for my strategy so for the time being I am playing the waiting game. I think that waiting for the right opportunities to come along is a major part of spread betting. Trust me there is nothing I would like more than to be placing new spread bets but I know that if I go looking too hard for opportunities I will find them, trade them and probably lose and wonder why I looked so hard. It’s time like these that I need to sit back relax and let the spread bets come to me. They’ll be here soon enough.
So as I’ve said in the past the spread betting blog will probably go quiet over the next few days/weeks until the right opportunities come along. I would like to try and remedy this by asking you to guest post on the blog. I have The Naked Traders Guide to Spread Betting to give away, courtesy of Global Investor Bookshop, for anyone that would like to guest post. I’m not sure if people feel intimidated by this. If you do there is nothing to fear. You can send me your post an I will read through it before I post it. If you do want to share your experience I’m sure others would love to hear it, as would I. All you need to do is get in touch and I will arrange the rest.
Harry.
