Avoid the scams, find out which Business Opportunities actually work
5th March 2007
Filed under: Financial Trading,Spread Betting — Ben @ 11:03 pm

If you are a regular reader of this blog and also my other bizoppsuk blog, you will know that I am actively spread betting a number of UK shares.

Well, the last time I posted my results to the blog, I was running a profit of £176.91. This was on the 16th February.

The following week, it had fallen slightly to £143.29.

However, like many people who are trading, my profits have now disappeared after 5 days of market losses.

Given my generous stop-losses I haven’t had many positions stop out – only 2 out of 13 but I am now sat on losses of £84.61.

It’s not a disaster but I’m surprised that the markets continue to fall. Something has obviously changed and it will be interesting to see what happens now.

Anyone want to make a prediction as to where the market is going over the next 5 days?

All of my positions are due to expire on the 20th March so they only have 11 days to recover and get me back into profit.

I’m not holding my breath though, I can see a bunch of losing trades come 2 weeks tomorrow.

Perhaps it’s time to have a clear-out and close the trades which are losing.

I will keep you posted…

1 Comment

  1. […] Spread Betting Woe as the Markets Fall […]

    Pingback by UK Biz Opps Blog » Vince Stanzione’s Seven Secret Keys Seminar and Spread Betting — 11th March 2007 @ 1:23 am

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.