My spreadbetting adventure

[john kane]

So, I'm looking for a new junkie form of gambling, this seems perfect.

I'm not sure how much to deposit, but I think the general plan is to long/short any stocks I here are good to long/short. I will be going mainly/purely on tips and speculation.

I will aim to hold positions until I am told I should end the position.

I know this may be mad idea, however to start with I'm only going to deposit $2K.

I'm going to go long on different holdings to start with. They can be anything. From the post on favourite stock picks I will be basing my decisions.

I will be using stop losses on all the positions so that I cannot lose more than $100 per each of the holdings.

I will be using a 20% stop loss and will be leveraging at 5 times. So I am effectively buying a stock for $100, but if it goes down by 20% then I am a gonna, if it goes up by 20% then I double up.

I've always been interested in this and I think it will help me learn. If I lose the $2K, it is no bother. Money is money, and $2K, whilst enough that I will try hard not to lose it (in fact to make money from it) is enough that I won't cry if I lose it.

The long positions:

SKYW
LOW
MYL
ATW
HERO
TIE
yahoo
SBUX
WFMI
GULF ETHANOL
PACIFIC ETHANOL
POKERTEC
ADY
COP
BBBB
JNJ
edit: gold and sugar futures

I haven't included BDAY, CRY or UA as not sure if they are serious or comedy posts.

I've now got to work out how to make these bets.