Don’t worry, I don’t mean I’m shutting up shop. I mean that my much-documented pyramided position trade on Barratt has finally come to an end by stopping out. Here are the final scores in two spread betting accounts:
By my reckoning, it’s £866 profit, having taken nothing like that much risk along the way. And a good test-case for how many times a profitable position can be pyramided. As per my position trading strategy, Barratt now goes on my Stop-Out List… not to be re-entered (usually) unless I can do so at a much lower price, and starting again with a small position size.
Two Steps to Better Spread Betting:
Disclaimer: this posting is for general education only; it is not trading advice.