bottomdollar
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Hi guys
I was chatting to my trading buddy last night and we were talking about position sizes... it's easy to work out with normal equity trading or even CFDs but Spread betting slightly more difficult to work out.
Anyway, if we take 900 points to be 10% of the dow, hence 90 points is 1%.
At £3 per point, you have 90 points x £3 x 100% = £27,000
I think we've worked it out correctly. So even a £3 a point spreadbet is a huge £27,000 equivalent position.
My trading buddy is doing £30 a point.. that's a staggering £270k position!!
And Sunseeker, in one of his seminars says he does £800 a point, man.. that's a £7.2 million position!!!
Just thought you guys might find that interesting!!!
I was chatting to my trading buddy last night and we were talking about position sizes... it's easy to work out with normal equity trading or even CFDs but Spread betting slightly more difficult to work out.
Anyway, if we take 900 points to be 10% of the dow, hence 90 points is 1%.
At £3 per point, you have 90 points x £3 x 100% = £27,000
I think we've worked it out correctly. So even a £3 a point spreadbet is a huge £27,000 equivalent position.
My trading buddy is doing £30 a point.. that's a staggering £270k position!!
And Sunseeker, in one of his seminars says he does £800 a point, man.. that's a £7.2 million position!!!
Just thought you guys might find that interesting!!!
