Trade of The Week: Ocado

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Unusually for me, this week's trade of the week is a short trade. I took inspiration to engage in a little more short trading from "Evil Knievel's Guide to successfully shorting stocks" in Issue 03 of Spreadbet Magazine. Not that he recommended this particular trade, but the article did remind me how my preferred position trading spread betting strategy can be

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And another thing...

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It didn't make the deadline for the first publication of my Better Spread Betting book, but here's what Ajay Pabari, Founder and CEO of Spread Co said in response to my question "If you could give just one piece of advice to a spread bettor, what would it be?”:
Be smart in the use of leverage. Margin can be a very good thing. We all recognise a spread bet is a

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"Talk with Tony" (about Guaranteed Stops)

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Over on my "Talk with Tony" page, Martin asked a question that I think deserves a fuller answer here in the form of a blog post. Unless I'm mistaken, this is the same Martin who just reviewed my Better Spread Betting and Position Trading books over on Amazon.co.uk. Thanks, Martin, but unfortunately your cheque is not in the post.

Anyway, his question was:

I

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Balance-Affecting Transactions in Spread Betting

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There are various events that affect the cash balance in your spread betting account, including:


the profit or loss from closing a position
an adjustment for a dividend
the debiting of overnight financing (rolling) charges


To show what these balance-affecting transactions look like, I took a 24-hour snapshot from an IG Index account (although it could have

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Profitable Pyramiding

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Readers of my Better Spread Betting, Position Trading and Stop Orders books will know that I am inclined to try and pyramid profitable positions to higher stakes. For me, a necessary (but not sufficient) condition for pyramiding is that the potential loss on my second position is less than the profit accrued on my original position -- so that I am assured to exit

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"Better Spread Betting" (the book) now in print!

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I know some people still like print books that they can read in the bath, and truthfully so do I, so I have some...

Great news! The print edition of my Better Spread Betting book is now available from Amazon.co.uk and Amazon.com.


Disclaimer: this posting is for general education only; it is not trading advice.

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Why so long?

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Readers of my Better Spread Betting, Position Trading and Stop Orders books will know that I am predominantly a long trader; and some of you might be wondering why. It's not for any moral reasons (e.g. "short selling is bad") but for the following reasons:


In the long run, stock markets generally rise, but I wouldn't read too much into this.
In the long run,

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