[john kane]

i really feel like a newbie (not surprising i guess given i am) when it comes to this. basically i think this time in 8-9 months or so wheat will be much higher than the 5% ill get from the bank, and given the risk it is worth it.

on my spreadbetting account i have the wheat london may 08 spread at 167.75 : 168.25

i was planning to do a bit of research, see what stop loss would give me roughly a 20% or less risk or ruin, and then leveraging my amount i was willing to bet.

what level would you recommend a stop loss? do you think it will go up?

part of me is tempted to start a new thread, but i think this is going well.

basically with the $85k i was thinking:
$10k gold
$3k oil
$3k wheat
$7k forex position A (yuan/pound)
$7k forex position B (yen/dollar)
$7k index position A (china)
$7k index position B (india)
$5k stock position A (northern rock)
$5k stock position B (?)
$5k stock position C (?)

so $16k in 3 commodities, $14k in 2 forex positions, $14k in 2 index positions, $15k in 3 stock positions. total of $59k in positions.

am i mad for doing this.

fwiw $100k would be in savings, the other $30k or so staking players, loans to friends+bankroll.

also to begin with i wouldn't put all this money down in my spreadbetting account simply becuase i dont have it right now.

i know people have lost vast sums trading, maybe this is stupid, but with a long term investing approach with conservative stop losses, it should work well.

as ever thanks for your thoughts, hugely appreciated.