Re: My spreadbetting adventure
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first a quick apology to mods, sorry if it isn't appropriate that i update this whenever something changes, but i feel it helps me to jot down how im progressing and maybe in the future for others looking into trading systems they'll see how a noobie tried (and may well failed) and what steps he took.
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You're starting a trading journal, which is what probably 90% of traders don't do. 90% of traders also fail. Any reasonable mod shouldn't have a problem. It's vital you keep a journal.
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i've now worked out the spreads ill be paying and from what ive calculated the 13 stocks range between 0.58% to 0.66% i lose in the spread everytime i trade.
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I know you're not paying tax or commissions so the 'trading charge' is factored into the wider spread.
Which broker are you using?
I've seen brokers with spreads a maximum of 0.25% for the FTSE350. Maybe things have changed.
Whether or not that spread is beatable depends largely on how often you trade. I read somewhere you will be switching positoins daily. That spread will theredore be unbeatable, IMO.
It's still not clear what strategy the signals that you are following use. Since you're following a 'black box' system, I feel at some point it will become very difficult to trade as you can't relate to the rationale behind each ide/position.
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