Trade of The Week on Tullett Prebon

It's been some time since I posted a "Trade of The Week" feature-- sorry about that, but I've been busy with other things. Anyway, here is one that went right... but probably for the wrong reasons. A nominal £1-per-point exploratory trade on Tullett Prebon has performed nicely since it was opened as a potential position trade in a Capital Spreads account in April:






I actually can't remember

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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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