However my spread bet on WTI crude wasn’t great.
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The Spread Betting Blog: So, August has come and gone. God, what a month. While I sat on the sidelines in fear it seams the rest of the entire spread betting world was out there chucking money around.
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Spread Betting Blog: Just take a look at the latest results out of spread betting company Capital Spread. Comparing Spread Betting has carried a story reflecting on just how well the spread betting company is enjoying the current market volatility.
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Why increased market liquidity leads to good times for spread betting clients
The Spread Betting Blog: Over the past year or so there has been an increase in the liquidity of the electronic contracts that we trade and at the same time spread betting platforms, have for the most part, started using tighter spreads.
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Spread betting companies say falling markets are boosting interest
The Spread Betting Blog: It makes sense that more retail investors would look to alternative investment vehicles in times of strife. Spread Betting is clearly one of these.
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Spread betting kamikazi
What a week – markets plummeting, we haven’t seen this kind of action since the big sell-off in May. Indeed, some have been saying that we haven’t seen conditions such as these since the Great Recession of ’08. Drastic times.
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Yesterday my entry at the Spread Betting Blog dwelled on my dismal BP trade.
I said I would not pull out until my stop loss hit but after some research into the matter today I decided to pull out. Why waste anymore money on this share. My justification for breaking my own spread betting strategy (that has served me well this year) is by arguing there is no justification to stay in this trade.
Indeed, research analysts point at the gloomy outlook for oil prices for the remainder of the year and the long term views on BP shares are becoming increasingly mixed.The latest technical indicators are all screaming a Bear.
Being long on BP is not justified right now.
So, what I am going to do is sit back and let things fall further, and get back in there when there are some indications that macro situation is steadying and there is some consolidation at ‘oversold’ levels on global markets.
I tend to work on The Spread Betting Blog mores when things are going well.
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“The majority of punters trying to spread bet get wiped out. Indeed, anecdotal evidence suggests that perhaps 85% of all spread betters burn out and walk away. Clearly, it’s not a strategy for the risk-averse!”
The results from IG Group Holdings provide some insight into the state of UK spread betting industry.
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