Apologies for not being up to date with The Spread Betting Blog. I have been away on holiday for two weeks – in which time both my positions on crude oil closed out at good profit levels.
Continue reading »

 

The Spread Betting Blog: It’s at times such as this that I can’t help but feel I am an effing amazing spread bettor. These moments are inevitably balanced out by subsequent failures, but for this morning I am king.
Continue reading »

 

The Spread Betting Blog: An interesting insight into just how important a fraction of a second is in the world of trading.
Continue reading »

 

The Spread Betting Blog: I don’t spread bet currencies much, but when I do I have found that the majority of my success has come when the Australian dollar was involved.
Continue reading »

 

However my spread bet on WTI crude wasn’t great.
Continue reading »

 

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.
Continue reading »

 

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.
Continue reading »

 

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.
Continue reading »

 

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.
Continue reading »

 

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.

 

 

© 2012 The Spread Betting Blog - Spread Betting and Spread Betting Companies Insight Suffusion theme by Sayontan Sinha