Spread Betting Solutions

I've sadly been missing some stock market spreadbetting opportunities lately as I was on holiday, the prevalent trading conditions are ideal for my type of trading.  The kind of volatility we have been seeing lately is what convinced me to switch to intraday trading.

Why Trade Intraday?

I just love the freedom it gives me.   No more worries if I see the Dow Jones close heavily down or we get bad economic news;  I just trade what I see and the advantages to me far outweigh the disadvantages although I trust it mostly depends on the individual.

Some traders are experts as positioning their portfolios but this is an area I always had a big weakness in, probably because all my decisions in the past were taken on a fundamental level.  Intraday trading really suits my personality; I love to trade aggressively although I don't do this until I've setup a solid base in my account

My Performance and Trading System

Personally my worst week since switching from swing trading to intraday has been 17% while my best was 145% with 110% made in one day, that day was very much like the last few days we have witnessed; perfect storm conditions and I was pyramiding short FTSE, EUR, Cable and Crude spread betting positions.

I have yet to read a good running an intraday spreadbet account and in fact I think most books on spread betting are woeful.   Not that I'm interesting in writing a book but it has taken me a lot of time and energy to come with my strategy and I found very little assistance; it was all through testing and trying, trial and error until I came up with a system that works for me.  The fact is that simple strategies make money and imo an intraday technical book would be 90% about money management and psychology - only 5-10% on strategies. So two and a half chapters and the book is finished.

Since my trade win % is now quite high, after a losing trade I will use a variation of martingale my next trade, so a £10 per point loser the next trade will become a £15 per point trade after that a £20 per point; these trades are only used when an account is up by over 40%.  Again I must stress this action is only taken when my account is heavily in the black, at the beginning of the month I am much more cautious building a base to which I can attack off.  The trick is to get the odds heavily in your favour and to then attack hard; the trouble with the markets is that it is still possible that everything can be right but we end up in a battle of Thermopylae situation.

I have not yet needed to use the £20 per point trade, anyway just a little look into how I trade hope it is of some interest!

About the Author:
This article was contributed by Andy of http://www.financial-spread-betting.com, a UK financial website which specialises in offering free guides and information on stockmarket products such as financial spread betting