Well I’m back after a 13hour drive home yesterday. Still it’s good to be home. What’s not so good is that it’s back to the daily grind today. I guess someone has to pay the bills. It’s taking a while to get back up to speed with work etc so things are a bit slow at the moment.

On the trading front not much has happened since I’ve been gone. I got chance to take a quick look at my positions over the weekend and they seemed to be all doing reasonably well. I checked them again this morning and they have all fallen back. Still not to worry, my stops will take care of any that fall too low, some are showing a sight “locked in” profit, others are showing a slight risk. With not getting back until late last night I’ve had no time to look for new trades. Hopefully I’ll get some time later to take a look.

On a side note I spotted a news report on BBC news about some bloke that is being done for a setting up a Ponzi scheme. In there is says about one couple who invested £1.4 million (Their entire life savings) into the scheme, and now there is only £14,000 left. The thing is if you are going to invest £1.4 million you would think you would do some research into the person that you are giving your money too. I usually make sure I’ve checked out any individual or company that I give any sum of money too. Anyway reading this made me think about when I had a phone call from Alexander Stark from ENEQ trying to get me to invest in Chesapeake Energy Corporation (CHK). I’ve kept my eye on the share price and I have to say it’s currently doing quite well. When he “tipped” me, the share price was around $23 it’s now around$27, so it’s doing alright. It did fall back initially to around $21 but has since rebounded. With hindsight I should’ve placed a small spread bet on it but hey If I had know then what I know not I’d be a millionaire already. All that said I would never give any money to someone who just phones me up, I much prefer to manage my own investments.

Anyway that’s about all for now. Hopefully I will have time to spend spread betting and improving the site. I still need to look into the speed issues that a few people have been having. I’ll try and get this sorted as soon as I can.

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

Another quiet day on the trading front. The most exciting thing that happened all day is Luminar stopped out. My stop was hit at 15p (no slippage this time) so I made a whopping £0 on the trade. Still better than a loss, and because the share is so cheap I’ve paid £0 in rolling charges the whole time it’s been open. So it was a scratched trade. Tomorrow is another day. More opportunities will come along.

Speaking of opportunities I had a phone call today from Alexander Stark of ENEQ investments. Basically trying to get me to invest in the stock that they believe is the next big thing. It could well be but If the guy thinks he can just phone me and expect me to be signing over a few grand of my hard earned £££s then he’s got another thing coming. The thing is he told me the name of the company they are tipping, so why would I bother to give him my money to invest and let them take their 3% cut of any profit I make. I’ve got it on my watch list with my spread betting company to see how it performs. It will be interesting to find out.

Oh in case you were wondering what the stock is I’ll tell you if I get two new members on the forum by tomorrow. Or Should I just tell you now? Ok I’ll tell you now but please do go and register on the forum if you haven’t already. I’m sure in the long run it will be well worth it.

The company they are tipping is Chesapeake Energy Corporation (CHK). I know what your thinking, never heard of them. Neither have I. They are a US energy based company. They basically find oil and Gas etc. Apparently Shell have recently acquired a 25% stake in them and another company have supposedly expressed interest in them, so they could be a take over target. To be honest what the guy said to me on the phone all makes perfect sense, and I can see why it could potentially be a good investment. The thing is when the guy is telling me all this it just sounds as if he’s reading his set list that he reads to everyone. He said he would call me back and I had over 10 missed calls in one hour which to me just makes him seem a little desperate to part me with my cash. I decided on the back of this to just ignore his calls from now on. If there’s one thing that I’ve learnt through spread betting for the last 18 months or so it’s that there is no such thing as a missed opportunity. There will be another opportunity that comes along tomorrow and who knows it could be even better.

That’s all from me today. It’s only left for me to thank Alan again for his forum posts. You see you come to spread betting beginner.com for a blog from one spread betting beginner now you have two. Please show bigAl some encouragement, join the forum and post a comment on his trading diary.

Until next time,
“May the markets be with you!”
Spread betting beginner