Are you a retard if you spread bet?

ZEN archer

Experienced member
Messages
1,528
Likes
241
I don't know if one can be classified as a retard (retail trader) if they spread bet only or they need to have DMA account as well to qualify.
 
I don't know if one can be classified as a retard (retail trader) if they spread bet only or they need to have DMA account as well to qualify.

certainly if you scalp the news with a spread bet account you could be considered a retard. but that would be a bit harsh.
 
Spread betting has its place.

Sim trading is useless, trading etfs as a proxy for futures markets is much smarter than Sim but the entry price is too high for some.

SB and CFDs aren't as granular as stock but do represent a lower risk way to trade...
 
I don't know if one can be classified as a retard (retail trader) if they spread bet only or they need to have DMA account as well to qualify.

Anyone who attempts to day trade with a spread bet account is most likely a retard.

I have attempted it a few times in the past, so that makes me one i suppose :LOL:
 
Are you a retard if you spread bet? - NO.

It's just that from what I see in this forum, most traders who spread bet are retards.
 
Spreadbetting isn't a prerequisite for being a Retard. Some people manage it quite easily without ever knowing about trading. If making plenty of dosh off the SB Cos is being a Retard then I'll happily settle for the status quo.
 
lots of people claim to make a living spreadbetting...

Correction, lots of them say that they are full time traders. Think of a middle-aged stay at home husband married to a very understanding hard working wife who earns most of the household income.

Wife: How did your day go?
Husband: Great, I made £5 with my new indicator going long the FTSE 100! How was your day?
Wife: Not too bad, I closed another £1Million deal today, my 5th for the year. So it looks like I will be getting a £100,000 bonus again this...
Husband: Shh...I see a set-up on the GBP/USD...c'mon baby...
Wife: I'll put the dinner on.
 
Correction, lots of them say that they are full time traders. Think of a middle-aged stay at home husband married to a very understanding hard working wife who earns most of the household income.

Wife: How did your day go?
Husband: Great, I made £5 with my new indicator going long the FTSE 100! How was your day?
Wife: Not too bad, I closed another £1Million deal today, my 5th for the year. So it looks like I will be getting a £100,000 bonus again this...
Husband: Shh...I see a set-up on the GBP/USD...c'mon baby...
Wife: I'll put the dinner on.

:cheesy:
 
Correction, lots of them say that they are full time traders. Think of a middle-aged stay at home husband married to a very understanding hard working wife who earns most of the household income.

Wife: How did your day go?
Husband: Great, I made £5 with my new indicator going long the FTSE 100! How was your day?
Wife: Not too bad, I closed another £1Million deal today, my 5th for the year. So it looks like I will be getting a £100,000 bonus again this...
Husband: Shh...I see a set-up on the GBP/USD...c'mon baby...
Wife: I'll put the dinner on.

How do you know my Wife? :)
 
Anyone who attempts to day trade with a spread bet account is most likely a retard.

I have attempted it a few times in the past, so that makes me one i suppose :LOL:

If the spread represents more than 20% of the profit you are likely taking from your trades, then yes, you may as well go DMA and get work expenses to reduce the capital gains. However, if you are trading instruments with 1-2 spread and going for targets where that only represents a few %, then it's much better to spread bet. It will vary for each individual.
 
Thanks.
I'm a spread bettor and wanted to find out some more about it. It seems there is no clear cut answer. So far as I can see from the posts it depends on the style - scalping around important reports, mas cross over system, no stops and similar ways may help find the answer.
 
Top