Do you remember my “Trade of the Week” feature from a couple of weeks ago? It was the one in which I told you how I had just pyramided Barratt so that I had one position with a guaranteed profit and another position (in the same stock) with a very manageable worst-case loss.
This is an example of a successful pyramiding, which is part of my longer-term Position Trading approach. I wasn’t so lucky with my Tesco pyramid which stopped-out for a loss of -6.4 points on my second position… but a profit of +35.60 points on my original position. This second example at least shows that an unsuccessful pyramid can still be a profitable pyramid. Which is how it should be.
Two Steps to Better Spread Betting:
Disclaimer: this posting is for general education only; it is not trading advice.