Archive for May, 2009

If you don’t have an account with Tradefair this is the time to do so.
They give you £100 into your account when you place 2 bets (not on share). As far as I understand it, this is not a cash back in case you lose but £100 extra.

Read the terms & condition before…

Israel is a unique country. Go there on Christmas day and unless you know the date you wouldn’t believe it is Santa time. Go there on any Saturday and unless you bought some food on Friday you will have a problem because everything is closed.

But not about culture I want to talk today but business. And again Israel works a bit different than the rest of the world. The business days over there are Sunday to Thursday. Meaning that the Israeli stock exchange is closed on Friday but opens on Sunday.

This gives a huge advantage to see where the market will go on Monday. Israeli investors watching closely what is going on in USA and many stocks are double listed on both stock exchange. So on Sunday evening you can check what the Israel top 25 index has done and you will get good indication which position you should open on Monday morning.

A good place to check the Israeli market is Globes and it is in English…

Hi all,

For long time I have a share account with Halifax Bank. Since I use spread betting I didn’t for long time. But I am keep coming back to the platform because they have very good research platform.

Today I wanted to check some things about Royal Dutch Shell and it is all there. Very easy to use and pleasant for the eyes. On top of that if you want to deal with shares they offer competitive rate of £11 per transaction. It is one of the cheapest in the market. Although you can find £6 as well depends on how much you deal per month.

This is a great book from Elder Alexander. I am still reading it but it is so good that I’ve decided to stop trading until I finish the book. Come into my trading room explain in plain English how the market works and the psychology of traders.

A must book!

Stupid Newham council has took my car because according to them I parked in foot path. Needless to say it is bull$hit but it cost me £250 and half a day which I wasn’t happy with it at all. I can dedicate a whole blog about Newham and their annoying mayor, but this blog is about money and not politics.

So I promised my wife that I will cover the lost with spread betting and I had a plan. Worldspread has offered me £250 cash back if I open an account with them. So my plan was to take this offer and cover up the (stupid) Newham loss.

But I am so busy lately that I haven’t had the time to deal. But on Thursday morning I saw the Dax at 4815 and I thought this is my chance. That day was my birthday as well so I thought it must be my luck day.

My target was to make £1000. So I’ve made a £2000 deposit into my new account and I was looking to open a short position on the Dax, £10 a point, with 25 points stop loss so my £250 cash back will be the limit, meaning no lost what so ever.

Good plan but Worldspread doesn’t offer the option to add a stop loss to an order! so I couldn’t just order and forget. I had to open a position manually and then put a stop loss. But I didn’t have the time to follow the market. I had a meeting with a client on Friday and nothing was ready yet. And it was my birthday so many phone calls.,. so my plan to open an order at 4830 with 25 point stop loss was all gone.

And what happened in the end? The Dax went down to 4730… my £1000 profit if I could stay focus follow the Dax and choose the right place to enter. Instead I had nice birthday, finish the project for my client at Friday (early) morning and still have £2000 in my Worldspread account waiting to be invested. After all I need to cover this parking ticket.