You can imagine how interesting it was for me to see the Barratt share price shoot up in response to Chancellor George Osborne’s budget announcements about supporting buyers of new homes. It was interesting to me, obviously, because I’ve been pyramiding Barratt recently.
The bottom line is that the guaranteed stop order on my most recently added position in Barratt is now almost at break-even (hence almost risk-free), and at a level that guarantees healthy profits on my previous three positions. This is how the position trading strategy is meant to work, and the guaranteed results are thanks to the guaranteed stop orders provided by Capital Spreads… which (for the record) are operationally the same as those provided by InterTrader.
Elsewhere in the budget…
..as a small employer — of myself plus one other — I was also interested to hear something about small employers not having to pay the first £2000 of their National Insurance bill from 2014.
Two Steps to Better Spread Betting:
Disclaimer: this posting is for general education only; it is not trading advice.