My Spread Betting Strategies
http://www.SpreadBettingStrategies.org. The spread Betting Strategies that I will be using will be relying heavily on the strategies that I have read about in my research so far. Over time I expect to adjust these to my own trading style. Objective: I have read so many times that if you breakeven in your first year you have done very well. So my objective is to have at least broken by the time I am made redundant. Starting Capital: Given my objective above I am going to start with a small amount of capital and then add my redundancy payment to this amount. I am going to start with £2,000. Risk Management: According to what I?ve read, this is often the most overlooked part of spread betting strategies. I aim to risk only 1% of my capital every trade. Given my low starting capital this means £20. I?m not sure if this will work in practice but MF Global Spreads offers 50p per point so hopefully it is possible. Spread Betting Strategies: I plan to buy dips in an uptrend and sell rallies in downtrend. First I am going to look at the market, I plan mostly to trade financial Spread Betting UK equities so it would be the UK market I analyze. If the market is in an uptrend then I will look at the sectors that are also in an uptrend. Once I have identified all the sectors that are in an uptrend I will identify the stocks within the sector that are in an uptrend. If any of these stocks have had a pull back in recent weeks then I will then set an entry point which is high than a recent high. If the stock reaches that level I will enter the trade using a contingent order. I will then set a stop loss level above a recent low. If the market is in a downtrend then I will look at the sectors that are also in a downtrend. Once I have found all the sectors that are in a downtrend I will identify the stocks within the sector that are in a downtrend. If any of these stocks have had a rally in recent weeks then I will then set an entry point which is lower than a recent low. If the stock reaches that level I will enter the trade using a contingent order. I will then set a stop loss level below a recent high.