Spread Blogging – Spread betting tips

Hi all

I hate stop losses. I had one on Rentokil at 39p the share went down to 37 triggered my stop loss and went all the way up to 44. Dam!

You can see it quite well on the graph. I should stop using stop loss tool. The way I see it, it is most of the time play into the spread betting firms than it really helps you.

From now on if I want to stop, I will do it by clicking on the ’sell’ button. This wasn’t a good week for me. Sometimes I feel very confident that I can beat the market and sometimes not. This week I felt clueless. It is good indicator to stay out.

I thought to but the Dow today at 7350, but I wasn’t sure it is clever move so I didn’t. By the end of the day I will know if it was a smart move…

I opened a new position yesterday on Rentokil (March rolling) 48.28p targeting 71p which will make 47% profit. On the low side I setup a stop loss on 39.28. The spread is 0.6 points

I bought that share after a tip from Share magazine which has the best charitist around – Simon Grifin that gives really good advices. He has already made me a lot of profit.