Re: My spreadbetting adventure
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So, I'm looking for a new junkie form of gambling, this seems perfect.....I will be going mainly/purely on tips and speculation.
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Mayeb x-post this to BBV?
Who are providing these tips? I hope you know you'd be better off with a dart-board. Dart boards are also cheaper than tipsters.
I think this will be an interesting thread. i suggest you use it as a trading journal.
Which broker are you using? I hope it's not Finspreads or Deal4Free.
You have a stake of 2K, yet you're risking $100 on each trade? I think 5% risk is way too high, coupled with your portfolio heat and I think you'll end up wiped out with an additional debt to your broker. Depending upon which broker you are using, you can make tiny bets such as 50p per point (Finspreads only saving grace is that they allow 1p/point for the 1st 6 weeks).
How about stop losses? Are you placing them at a sensible point in the market and positioning trades based on risk, or are you placing set trade values and placing your SL at a point you can afford?
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I've always been interested in this and I think it will help me learn
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It certainly will. Even if/when you eventually bust-out, it will be an invaluable financial education. Most successful traders have paid a high price for their education.
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