Hi All

Looking to gain a small following for an experiment, gonna spreadbet 1,000 of my own hard earned with a view not to stop until I hit 25,000 or lose the lot!!

It'll be across a range of Index, equity & FX trades starting small and building the pot (or lose the lot) will be using flat stops and running profits with trailing stops.

If you want to follow every trade and watch the spiral up or down feel free to follow me on www.twitter.com/eyetrader - where I'll be simply be posting each trade as I click the mouse

BTW this is not spam, I'm not selling anything, I dont want any donations, more of a personal challenge that I'm going to conduct in public!!!! I'm hoping to see a few tips on here as well as my own strategies and ideas.

Lastly I'll be donating 5,000 of the profit (if/when I make it) to charity

May the slaughter commence :)

Eyetrader

This 'cheque stuff'....

It's 'insurance time' for the tenants of some of my commercial properties - so we send them an invoice for the premium. We give them all the bank details for a bank transfer or online payment, for them to do the remittance.

However, they ALL send a cheque.

OK it gives them a bit of time and a bit of extra cash flow. I'm pleased they ALL pay promptly, which tells me they sensibly give this kind of thing some priority. It also tells me their cash flow isn't too crap.

But they are ALL a bit 'living in the past' with the making of their payments. I feel it's quicker to do it online. I would guess cheques give them at least 6 days in time benefit but the interest they earn is quite minimal.

Does anyone disagree?

PS. Watching a few things make higher highs, I'm pretty much a 'commodities man' at present, myself.

And the fact your tenants pay by c/q has got exactly what to do with the thread subject?

pth: post 51 et seq is the context, I guess.

Binned SBT today at a loss of approx 275, which on reflection is a bit more than I should have tolerated, also indicates to me that the initial bet was too large. rationale for opening the trade was a chart breakout and adjacent results, unfortunately, the results seemed not to inspire and the SP now appears to be trying to fill a gap. Broker downgrade today probably didn't help very much.

Taken a smaller position in AGLD, which seems to have slipped under the 'gold rush radar.' Initially a nice rise of 8% but fell back during the afternoon to +4%, in any event not far from b/e.

My big hope for a really nice return, AFR, has slipped a little today and may test support at 110p; if it bounces from there may well add.

BRK, SLS and WEIR have been my most consistent upbets so far. And ZEN the best downbet. I got stopped out of WEIR today, but it remains on my list for possible reopening (I had temporarily tightened my stops while away).

Came across this excellent appraisal of IG Index, listing good/bad points on their spreadbetting service:

http://www.financial-spread-betting.com/Igindex-review.html

SBT are a joke outfit imo pt , steer clear.

Saw the breakout myself but due to my own experience with them (I'm limited to placing 16 on an evens favourite and less than a fiver at odds over 5/1) then they obviously have a problem with anyone that ever wins with them and for the record I've only placed about 200 of bets with them in 6 months. If I remember right they also had an offer on that would have increased turnover just before period end with refunds / free bets not being credited til following period. 888sport did something similar.

eyetrader - any chance you might include this link in your header?

http://www.financial-spread-betting.com

It is an exceptionally useful information source for anyone looking at spreadbets for the first time, as well as for the more experienced spreadbetter seeking greater guidance on tactics and strategies.

This character looks a bit dodgy! :-)

This one looks just as bad.

I wonder which of them would win in a fight?

In the days when I dealt via Cantor Index, the officials they chose to show photos of in their brochure were people whose images they presumably thought might impress. They had the opposite effect on me - an offputtingly sharp-looking lot. The kind of people I shy away from shaking hands with.

Dil, interesting stuff, I have no first hand experience of SBT, so always useful to hear of how others view their service. If they can't pay out it doesn't bode well for their future. Having got that particular trade wrong I have little interest in having another go!

Juzzle - I agree that is a good site. I personally (FWIW) have had few problems with Capital Spreads, tried all the others, occasionally use Cantor Index. The main reason I prefer CSpr is the KISS principle and ease of moving stops. The charts are good. Only downside with the charts especially in volatile markets is the requirement to refresh frequently. I only use them for spreadbetting, no knowledge of there CFD platform.

Latest update:

3000 is now 6327.49

Quite frankly, it should be quite a bit more, but haven't maximised profits.

Shares trades are the profitable part of the exercise with 14 of 20 showing a profit and it could be argued that two of the losers were a small part of a bigger position.

The negative aspect are the indicies and FX trades (54 in total of which 33 have been profitable, 16 have been losers and 5 closed flat).

Clearly there are two conclusions to be drawn from the above:

1. I am much better at share trading than I am with the more volatile markets.

2. Despite having more winners than losers with the Indicies & FX I was not cutting losses early enough nor letting winners run; additionally, I know that with some trades the bet size was a little ambitious. Having said that, I was aware this was the case and have been working hard to rectify these aspects.

In fact the last month or so the account has had 21 winners and just 4 losers in this category, showing a profit of 741.45, so perhaps I'm learning!

Hope you're doing ok Juzzle.

well done peter ..... over how long a period?

The first trade was placed in June, but the second not until Spetember, so strictly speaking I've only been active during the last two months or so.

The 14k mission is enduring a bit of a bashing over this past 10 days, and it would not have delivered the planned 375 per week in two of the seven weeks so far without cashing in some positions that I chose not to do. But still looking OK.

I am running a spreadsheet that I wanted to display on a blog - but I am told that my chosen format prevents me doing so. And I'm in the process of very slowly moving house, one carload at a time, so while I have been able to trade, I've not had time to bother with updating a blog. Coming up to the end of month 2, and with several positions banked or stopped out, I now have bets open on 18 stocks, the riskiest one being Avanti (AVN). They are launching a satellite tomorrow evening, the successful or failed outcome of which be reflected in Monday's share price. Unfortunately guaranteed stoplosses are not available on that one - and it could easily move either way by hundreds of points.

Eight quid Monday Juzzle and a tenner by xmas are my conservative estimates for AVN so good luck.

Nice trading pt ... you subscribing to sln2 the sure fire multibagger ? :-)

Dil,

Yep, can't wait to get my sticky paws on some XGEL shares. As proven since the early days of BTL it's a sure fire winner, it made huge amounts of money before finally delisting and going into admin. Oh, hang on a minute, the only people who made money were the founders and all the subsequent scammers; perhaps I'll have to rethink my strategy!

Having a wee punt on AVN, let's hope that feckin rocket doesn't go whoosh in the wrong direction. The launch can be watched on Arianne's web cast tomorrow night. Nice to have a bit of interest in proceedings. I guess if it does go wrong in any way, my SB account is going to get a right good twatting!

My 14k mission (see post 10 & 12) has not gone well enough in recent weeks. Were I dependent on taking the intended 75 per day out of it, the overall total would be down. At present I am on track for a 33% gain for the 12 months. Needed to be doing much better than that.