Are you profitable? Have you voted yet? If not please do.

With the FTSE 100 closing the day around 5100 it makes me wonder where it is heading next. It would seem as soon as I decide I’m looking for short positions all the market does is move the other way against me. It reminds me of something I read in Sally Nicolls Bets and the City. I think she was having lunch with her editor or something (I can’t remember exactly it’s been a while since I read it) and she was having the same trouble as me. He (her editor) suggested that when she was happy with her research into a stock and was confident to place the trade she should place the trade for the opposite of what she thought. It makes me wonder if that would really work?

I doubt it would. It’s an interesting thought though. If I’d placed all my trades to date in the opposite direction and closed them out at my stop position e.g. to take profit where I was placing my stop I would have all my original capital plus I would be in profit by the amount I am curently down. Maybe I should adopt this strategy and bet against myself. It’s certainly an intersting theory but I suspect it’s just that a theory.

With my daily analysis of the FTSE all share still just about suggesting a down trend I have placed two sell orders for tomorrow. These are:


Don’t take my posting here as a trade recommendation. The information contained within this blog is for educational purposes only and should not be taken as advice of any kind. The author of this blog will not accept any responsibily for any loss made by anyone acting or refraining to act as a result of reading material contained within this blog.

Both are currently down trending and have pulled back over the last few days.

I guess we’ll wait and see what happens over the next few days/ weeks with the overall market. To be honest I have no clue what is going to happen, I wish I did. If anyone has any idea or an opinion then please let me know.

Is it just me or does this seem like such hard work? Is anyone finding this easy? If you are please feel free to get in touch.

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

July 8, 2010 by Harry
Category: blog