Q: How do you know when the British economy is picking up? A: When people start buying AGA cookers again. And according to the AGA Rangemaster price chart (courtesy of InterTrader) shown below, they have! The nominal £1-per-point trade below shows how much money you could have made (so far) per £1-per-point stake if you […]
Author Archive | Tony
Trade of The Week on Tullett Prebon
By Tony on July 10, 2013 in capital spreads, intertrader, position trading, stop orders, trade of the week
It’s been some time since I posted a “Trade of The Week” feature– sorry about that, but I’ve been busy with other things. Anyway, here is one that went right… but probably for the wrong reasons. A nominal £1-per-point exploratory trade on Tullett Prebon has performed nicely since it was opened as a potential position […]
Lucky in the City
Today I was very lucky in the City (of London). But I don’t mean I made a killing with a once-in-a-lifetime day trade. En route to a meeting to discuss a forthcoming forex project, while walking down a narrow street between two tall buildings, I fell foul (“foul” being the operative word) of a bird […]
Fish Finger and Lobster Sandwiches In the City
I went into the City (of London) yesterday to meet up with one of my acquaintances who heads up a forex trading operation. As well as discussing some potential future projects in the forex publishing space (hopefully more to say soon), we also managed to squeeze in a visit to the local pub for a fish finger sandwich… […]
Don’t trust the expert advisors!
As an aside from spread betting — which for some of you may not have gone too well today, unless you were “short” — I offer the following anecdote. While browsing in my local Currys / PC World store I overheard a helpless oldish woman ask one of the friendly “expert advisors” (i.e. “salespeople”) for […]
All good things must come to an end! (on Barratt)
By Tony on May 24, 2013 in barratt, better spread betting, betterspreadbetting, position trading, pyramiding, stop orders
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 […]
Betting on Barratt (again)
Regular readers will realise that no week would be complete without me having placed another bet on Barratt. So here it is, a new pyramided position that takes my total stake in my Capital Spreads reference account to £7-per-point: This is turning into a really nice example of a pyramided position trade, but you will […]
Has London Capital Group (LCG) turned the corner?
By Tony on May 13, 2013 in barratt, capital spreads, intertrader, lcg, position trading, pyramiding, stop orders
I ask the question “Has London Capital Group (LCG) turned the corner?” because I have a couple of modest spread bet exploratory positions riding on the hope that it has: Both positions (blue lines) are now in profit, with my common guaranteed stop order (red dashed line) somewhere between the two entry prices… which means that I […]
Betting on Bitcoins
An email from spread betting firm SpreadEx caught my eye yesterday when they announced that they’re the first spread betting company to allow speculation on the price of Bitcoins. If you’ve been hiding in a hole so deep that you don’t know what a Bitcoin actually is, I can help you by quoting from the SpreadEx […]
Six of the Best on Barratt
I’m beginning to sound like a broken record with all my posts about the Barratt position trade, but here I go again. I’ve added yet another £1-per-point position in the Capital Spreads account, making six of the best pounds-per-point as shown here: A discussion on a forum elsewhere now prompts me to say something about […]