Yeah. I didn't read the whole thread, so my questions would be:
a) when was the first time you ever placed a trade?
b) are you up on your original investment since then?
very good question.
i was drawn to spread betting by an advert i saw in a daily paper(around 2003)
it read(something along the lines),you wake up one morning and read vodaphone is doing well so place an up bet at £20 per point.half an hour later you ring your broker and vodaphone is trading up 20 points and close out for a £400 profit.(conversely if it had gone down you would be £400 in loss.spreadbetting carries risk,do not risk more than you can afford,terms and conditions apply blah blah blah)
so i ended up buying a course for about £400,vince stanziones millionaire traders.
giving me the basics of spread betting.
but i didnt have a clue how the markets worked.sure i knew you buy stocks and then when they go up you sell them for profit and make a killing but i thought that was for (so called)professionals working in the city who did this full time for a living and had access to all the market data.where was i going to get all this information to base my decisions on?
so instead i was drawn to spread betting on football!
started betting on first match goal.something easy to understand.something i could see right before my very eyes live on tv.
i thought theres 20 players on the field trying to score a goal and surely one of these highly paid players should be able to atleast in the first half hour.the spread was usually around say 35-37 and i usually sold.
how fking wrong was i! those useless bast**** couldnt score for shi*
i soon realised i wasnt going to make my fortune spreadbetting football and that it was just a pure gamble.however i didnt lose much and think i broke about even.
one memorable bet i placed was on an england game at £20pp and owen scored in 3 mins winning me about £700
but as i say i realised this was a pure gamble for me,i had no control over the outcome and no longer do that.
my first financial spread bet was northern fking rock!(2007)
the shares were around £12 dropped to £10 and i can remember this CUN* saying they have got to be a buy now
dropped to £8 and im thinking an even better buy now
dropped to £5 and im itching to get in
nothing had dropped this far without going back up
dropped to £4 and i call up broker and buy at £5pp(which was minimum at time)
the ******** keep falling
im down £100
£300
how can they keep falling,its got to go up
im down £500
and finally throw in the towel losing about 1k.
not a very good first foray into the world of spreadbetting.
but i learned a very important lesson,nothing is ever too cheap or too high to buy or sell(a conundrum i know!)
and as you know northern rock went to zero.
i returned to spreadbetting seriously in 2010,how serious is questionable as i didnt even have live charts and was using yahoo, placing trades on nothing more than on a whim.i didnt even know i had access to live charts through my broker until about the end of nov 2010.
doesnt time fly.i'll have to come back to this and bring you up to date on the journey thus far.
if anyone wants vince stanziones millionaire traders for a bargain price make me an offer i cannot refuse!
