Has London Capital Group (LCG) turned the corner?

I ask the question "Has London Capital Group (LCG) turned the corner?" because I have a couple of modest spread bet exploratory positions riding on the hope that it has:







Both positions (blue lines) are now in profit, with my common guaranteed stop order (red dashed line) somewhere between the two entry prices... which means that I should now at least break even overall. And if the price

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Betting on Bitcoins

An email from spread betting firm SpreadEx caught my eye yesterday when they announced that they're the first spread betting company to allow speculation on the price of Bitcoins. If you've been hiding in a hole so deep that you don't know what a Bitcoin actually is, I can help you by quoting from the SpreadEx press release:


"Bitcoin is a decentralised digital currency that’s used as a

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Six of the Best on Barratt

I'm beginning to sound like a broken record with all my posts about the Barratt position trade, but here I go again. I've added yet another £1-per-point position in the Capital Spreads account, making six of the best pounds-per-point as shown here:







A discussion on a forum elsewhere now prompts me to say something about this pyramiding. 



Although my preferred position trading approach

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£500 Profit from £25 Risk

Anyone who has read my blog regularly will be well aware of the example (but real) Barratt position trade that I'm running in a Capital Spreads account. You will recall that this position trade began life as a single £1-per-point position with an initial risk of (about) £25 to my guaranteed stop order.



By pyramiding this position as the price has been rising, you can see in the snapshot below

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Today's Biggest Surprises!

I was going to title this posting "Today's Biggest Gainers", but it seems more appropriate to title it "Today's Biggest Surprises". This is what I woke up to on a couple of trades that I opened in the past couple of days:







They were surprises because mining stocks seem to have been on a perpetual down-slide for the past few days, weeks, months, or even years. Maybe this is the turnaround

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Barratt and the Five Point Pyramid

Sorry it's been a bit quiet around here in the past week, but we've been away:









(it's not Switzerland, it's Scotland)



Anyway, following on from the documented four-point pyramid of Barratt, I can tell you that this position trade is now up to five points as shown in the Capital Spreads snapshot below.









Three Steps to Better Spread Betting:

1) Buy the Better Spread Betting Book

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Why Pyramid Positions?

After my little April Fool joke yesterday, I thought I'd post something rather more positive (and educational) today on the subject of pyramiding positions.



My demonstration vehicle will of course (if you've been following me) be Barratt; but it could have been Sainsburys. The following chart shows the vastly increased profit potential resulting from having pyramided the Barratt position --

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