Where did it all go wrong?

It is with great regret that I have to tell you that despite practicing Better Spread Betting according to my Position Trading philosophy that utilizes Stop Orders... it's all gone wrong and I have lost everything on one mad spin of the proverbial roulette wheel!



Aside from documenting (in the coming days) how exactly it all went wrong, it looks like I will now have to shut up shop, and I

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The Case for Position Trading Equities

Although I stopped writing for Spreadbet magazine a couple of months ago (don't ask!) a few of the articles in the latest edition caught my eye.



In his interview, Vince Stanzione says that his main successes in the markets have come from longer-term position trading rather than from short-term day trading.



In his trading diary update, John Walsh talks about how he lost a lot of money

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This is how Position Trading works...

It seems a good time to show what a couple of position trades look like when they progress as expected. Those of you who follow my "trade of the week" features will not be surprised to see that the two stocks I have chosen are Sainsburys and Barratt.



The following screenshot shows how the example (but real) Sainsburys pyramided position trade is looking:







In the last pyramiding session I

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Hot off the Press:Position Trading (Third Edition)

Today I am proud to announce the publication of the third edition of my Position Trading book. It's an evolution rather than a revolution, so...



What wasn't broke, I've left alone.

What was broke, I've tried to fix.



There's enough new stuff to have made it worth the effort, but not so much as to make it unrecognizable from the earlier editions. Think of it as a mid-term facelift: the same

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Barratt Benefits from the Budget

You can imagine how interesting it was for me to see the Barratt share price shoot up in response to Chancellor George Osborne's budget announcements about supporting buyers of new homes. It was interesting to me, obviously, because I've been pyramiding Barratt recently.



The bottom line is that the guaranteed stop order on my most recently added position in Barratt is now almost at break-even

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Pyramiding Sainsburys

You may have read at The Motley Fool and other places today that J Sainsbury plc Rallies As Sales Jump 7.1%. I took advantage of the positive gap-up and partial-gap-close to add a third pyramid position to my aforedocumented (it's a new word) Sainsburys "trade of the week".

The following picture shows what this pyramided trade looks like now. The thin horizontal lines represent the three entry

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From Cantor Index to SpeadEx

Like me, you may have received an email from Cantor Index the other day advising that "all of its non-single stock, financial spread betting account holders will be taken on by SpreadEx... as of the close of business on Wednesday, 20th March, 2013."



I'd be happy to be moved to SpreadEx, but since I have essentially an empty account with Cantor Index, it will be interesting to see what happens

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