Archive for January, 2009

Hi all,

I found a platform that offers a very impressive range of binary bets on financial products. The good thing about binary bets is that you always know how much you can loss, and how much you can win. There is no in between…

So BetOnMarkets developed a really nice platform where you can set how much you want to win, on what you want to bet and they calculate the price of the bet.

For example: I think that for the next two months the FTSE will not go down below 3600 and will not go more than 4800. So I choose Indices and then boundary bets – barrier range. Now I enter that I wish to win £1000 in the next 60 days (ends on the 31/03) and set the high and the low barriers and click price this bet. I get that the price for this bet is £575, and the net profit could be £425 which are 74% profit. You also get a graph that illustrates quite well your bet.

So I know that I can lose £575 if during the next 60 days the FTSE touches my barriers. This is really nice and they have lots of products like this. In fact this is the first time that I see such range of exotic product for the small trader.

Now if you want to open an account with them enter the word Shares as promotional code and you will get £20 credit. By the way I am going to open the position that I mentioned above.

Have a nice weekend!

Royal bank of Scotland has bounced back 35% today and it is now stands on 21.3p after last Tuesday it was worth only 10.3. 100% in one week. Maybe it was a bit early to wave them goodbye.  Also the volume was 395.5m the leader od the day, 2.5 more than Vodafone on the second place with 136.97m volume.

Also impressive is my Barclays trade that gave me 104% profit when I sold it today for 98p. As soon that I hitted the sell button the share went all the way to 120! but I am still quite please with this trade.

What next? don’t know. I don’t have any opened position at the moment, and even my order book is empty. But not for long !

Hi all,

Not an active day for me, but I have just bought ShareScope with Level 2. For those who don’t know SharesScope is a software that you download to your computer and where you can view every info and graph about any share.

It is very powerful and complicated.

Very recommended!

Hi all,

On Friday I bought shares of Barclays at 48p. Today it turned out to be one of the best buy I ever did. They announced in the morning that they made a profit and they don’t need more money and the share went all the way to 88.70 a 73% gain in one day. Did I took profits? No. No? No. Why? because I think the share has more to gain. I target the 120 price but I know some people who look for the 150-160p.

Again I missed the GBP/USD my order level is still 13520 and it went down all the way to 13550 and then a huge jump to 13967… I don’t have luck with the GBP…

Another thing that I’ve made today was to go short on the Dax at 4332. This was a mistake. First I never followed the German market and I don’t know a thing about it. Second I didn’t have the right frame of mind to follow the trade. And third I didn’t set targets. So why I opened the position? because Paddypower has this nice tool on their homepage where you can see the balance between short and long that people are taking. So around 15:00 98% went long on the Dax. I thought 98% can’t be wrong and the RSI was at 82 level. I opened a position. 10 minutes after I was 40 points down. Now if you bet one or two pounds per point it is not that bad. But I was more than that and my profit from Barclays was at risk.

I’ve almost lost my temper and closed the position at lost. But I hold my nerves left the computer for 10 minutes and by the time I came back I was in the money. I closed the bet because I knew I didn’t have the time to monitor it. 10 points gain. Now I checked the Dax and I could made another 35 points… but lesson learned. Never opened a position on a market that you don’t know. And never use a stop loss on Index. It will cost you a lot!

By the way Paddypower spread on the Dax is just 1 point!

I’ve just saw it on Shares magazine the E*Trade offers you £100 credit when you open a new account by the 31 of March. Their terms are:

1.Apply for a new E*TRADE Spread Betting account and enter ‘BUNNY’ in the ’Promotional Code Box’.
2.If your application for an account is successful, you will receive email notification when your account is opened.
3.Deposit a minimum of £250 in your account by 31 March 2009 and place two non-equity bets of £1 or more.
4.Once you have done this, you will need to send an email to us at support@etradespreadbetting.com within 30 days.

I never tried their platform but I think I will give it a try so I can review it.

By the way for those who don’t know Shares magazine it is highly recommended. I really enjoy to read them every week and their tips are very very good. I will review you it on other time but for now I will just say that the subscription worth every penny you pay.