Posts from — May 2008
Don’t forget to read the daily Spread Trading comment.
Each Monday the Spread Trading comment reviews the week ahead, here’s a sample from today:
There is quite a bit of data out this week with Vodaphone starting us off today and Brewin Dolphin (the stock broker) bringing up the rear on Friday, neatly breaking the unwritten rule of not reporting on a Friday.
Tuesday sees the aforementioned Vodafone releasing better than expected numbers but this will be over shadowed by Mr Sarin’s announcement that he will be leaving in July. One assumes that a replacement has already been identified otherwise it does not give the head-hunters long to earn their money.
The company has reported profits of some £13.2bn that will come as some relief to Alistair Darling whose take on this will be eye watering.
Aveva (another of those companies that got a PR company to change their name to something ‘dynamic’) have brought in the bacon with a 70% increase in net revenue to £47.9m. This is a company that actually
Read more: Spread Trading
Another interesting offer for you.
I thought you might like a quick look at the latest Spreadex offer (below).
£10 per point FTSE 100 Spreadex Offer
Open a Spreadex account and place five unique, settled qualifying financial bets on any UK 100 indices market and they will give you a £10 UK 100 Daily bet. The bet must expire on the day it is placed.
Accounts are subject to status. See site for full Terms & Conditions.
Click here to apply for an account.
Spread betting carries a high level of risk to your capital and can result in losses larger than your initial deposit/stake. It may not be suitable for everyone, so please ensure you fully understand the risks involved.
SPREADEX LIMITED is authorised & regulated by the Financial Services Authority.
Anyone who subscribes to the Clean Financial Newsletter would have seen our recent competition for pair of free tickets to see England v New Zealand at Lord’s on Friday 16 May. The catch? No catch just answer one cricket based question. Simple.
Anyway congratulations to Mr DG from West Horsley, a Clean Financial subscriber, who won the tickets – we hope you have a great day.
For more details about the Clean Financial Newsletter click here.
OK here’s one for you, Financial Spreads are offering clients tickets to see England v New Zealand at Lords next week.
But you’ll need to be quick, answer a fairly easy question and place a couple of bets to enter the draw.
We’ve put the full details here: Financial Spreads.
Don’t forget: Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Before you open an account, please ensure that spread betting matches your investment objectives, familiarise yourself with the risks involved and if necessary seek independent advice.
As promised, a few tips on Greed (and I’ll do my best to avoid any greed is good jokes).
Tip 75. Do not over trade your stake size. Remember to only trade with money you can afford to lose. That means trade with money which, if you lose it, will annoy you but not money that will ruin Christmas or make your ‘significant other’ up sticks and run off etc
76. Do not over trade by placing too many trades at the same time or having too many open positions. A large number of Open Bets are difficult to research. It is also difficult to keep track of a large number of bets and therefore that makes is difficult to make an informed decision on if / when to close your positions
77. If you have a day job then compare that income to your trading income. Do not spend a disproportionate amount of time on trading and let it distract you or even ruin your primary income source
78. Be wary of your willingness to accept any profit so that you can say ‘yes, another successful trade’. You had a plan at the start of the spread bet for when you would get out of your position, stick to it. Try not to let fear overcome you. Of course, if there is new market information then you need to consider your exit strategy. Again note any changes to your plan on your trading spreadsheet. If you find you are closing out long-term bets for 5% profits you are better off leaving your cash risk-free and stress-free in the bank
In the next set of spread betting tips we will be focusing on Day Trading.