Regular readers will know that I have spread betting accounts with most providers. This is not only for journalistic reasons (so I can write about them) but also because their slightly different offerings means that they can be useful in different scenarios. I don’t have to choose just one spread betting provider, and I prefer […]
Archive | October, 2012
Trade of The Week: Sometimes It Pays to Average Down!
Most seasoned spread bettors and other traders will tell you that it is usually a bad idea to “average down” by adding more funds to a losing position, despite the obvious temptation to lower your overall purchase cost and therefore to break-even much sooner. I said as much in my Position Trading book. Then I […]
In and Out of Love with SpreadEx
I have to admit that I had fallen out of love with SpreadEx compared with some of the other spread betting brands like Capital Spreads, IG, InterTrader, and ETX Capital. Now I’m growing to like SpreadEx again, because they offer two of the things I most like: guaranteed stop orders, and easy visibility of stop orders in the Financial […]
Lucky Lamprell, or How to Catch a Falling Knife
It may appear a little strange, me using the headline “Lucky Lamprell” on the day that Lamprell shares gapped-down some 35%. But Lamprell has been a lucky stock for me in several ways… 1) On 26 July I told your about my Lucky Escape from Lamprell, i.e. how I had exited my long position the […]
Happy Birthday to Me!
It was my birthday the other day, and I was pleased to receive an email from Capital Spreads inviting me to claim a £50 top-up to me account. How kind of them! On the same day, SpreadEx offered to cover my trading losses of up to £50 over a 48-hour period. How kind of them, […]