Welcome to the Spread Betting Community

I developed the spread betting community to enable us all to share our own experiences with each other. I personally share my own trading experience via my regular blog entries. There are others that keep trading diaries over on the spread betting forum. If you would like to have your own trading diary or even add a post on the blog this can be easily arranged, just contact me for more information.

 

Excuse my absence...

30 June
By: Harry

I’m sorry for not having posted lately but I’ve been exceptionally busy even though I’ve continued to trade.   To summarise I’ve lost a lot of money on my Avocet holdings,  made money on Amara, lost a lot on Gulfsands (which luckily I’ve managed to offload on its recent tick-up to 68p) and made a lot on long trades on both Xcite Energy and Quindell which I’ve timed out very well. I’m thinking of posting a statement of my account here if I figure out how to upload the data efficiently.

I still believe in Centamin as a long term play.  In my view they are relatively immune to gold price perturbations compared to the vast majority of producers that I monitor – thanks to their low all-in costs.

At current price of gold and extrapolating forward to their full 50:50 split with the state by c. 2019, I still estimate their earnings per share at 12p+ (ie making their forward P/E c.5x!), so on a fundamental basis they remain co [Read more...]

And the Fed keeps Pumping!!

19 September
By: Harry

So the Fed will continue pumping liquidity
 
Is this good news? Will it end pretty?  The Federal Reserve has lost its nerve and will continue with quantitative easing i.e. printing money out of thin air.  What a craven lot they are, and it looks like Bernanke will duck the tapering decision to leave it all for his successor to worry over.
 
Here’s how I performed on my last trades; have to admit they went pretty good but I did well to cut my positions when I saw that the USA were shying away from attacking Syria.
 
Amara
 
Bought 100,000 Amara at 17p on the 19th August and sold them at 19.8p on the 30th August
 
Gain: GBP2,800
 
 
Avocet
Bought 100,000 Avocet at 21p on the 28th February and sold them at 20.1p on the 30th August
 
Loss: GBP900
 
Bou [Read more...]

Open an Account with
Capital Spreads
Get Spread Bet Magazine FREE every month by filling in the form below.


  • BBC News – Companies

  • Latest Trading Talk