Lucky in the City

Today I was very lucky in the City (of London). But I don't mean I made a killing with a once-in-a-lifetime day trade.


En route to a meeting to discuss a forthcoming forex project, while walking down a narrow street between two tall buildings, I fell foul ("foul" being the operative word) of a bird strike. "Splat!" to the left of my left shoe. "Splat!" to the right of my right shoe. And a

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Fish Finger and Lobster Sandwiches In the City

I went into the City (of London) yesterday to meet up with one of my acquaintances who heads up a forex trading operation. As well as discussing some potential future projects in the forex publishing space (hopefully more to say soon), we also managed to squeeze in a visit to the local pub for a fish finger sandwich... which took me back to my childhood, tomato ketchup and everything! Gourmet

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Don't trust the expert advisors!

As an aside from spread betting -- which for some of you may not have gone too well today, unless you were "short" -- I offer the following anecdote.



While browsing in my local Currys / PC World store I overheard a helpless oldish woman ask one of the friendly "expert advisors" (i.e. "salespeople") for some advice. She asked, "What do I get when I pay for your computer set-up service?"

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All good things must come to an end! (on Barratt)

Don't worry, I don't mean I'm shutting up shop. I mean that my much-documented pyramided position trade on Barratt has finally come to an end by stopping out. Here are the final scores in two spread betting accounts:










By my reckoning, it's £866 profit, having taken nothing like that much risk along the way. And a good test-case for how many times a profitable position can be pyramided.

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Betting on Barratt (again)

Regular readers will realise that no week would be complete without me having placed another bet on Barratt. So here it is, a new pyramided position that takes my total stake in my Capital Spreads reference account to £7-per-point:







This is turning into a really nice example of a pyramided position trade, but you will notice something unusual about it:

This week's position (dated

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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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