Archive for the Make Me Some Money Ideas Category
I saw this in the papers today how a self employed trader named Barnett Michael Alexander was able to exploit a 'loophole' in the spreadbetting firm City Index making over £600k! However, his method was deemed illegal and he was fined £1 million by the FSA
It's a really interesting read and there's a fascinating strategy that made him a lot of money which he says is still not closed. However, I wouldn't recommended doing it unless you want to be fined!
http://www.telegraph.co.uk/fi
June 15, 2011
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Another tennis match which I played with on Betfair. My strategy was based on looking at the Price/Volume chart. You can see previously that the market had gone all the way out to almost 7 previously before coming back down. When I saw that the price looked as though it was going out again, I laid £20 at 3.45. My back point was just before the height of the previous peak at 7 so I put my order to back at 6.4 (but I got 6.8) which gave me a free ride. I then greened up the amount for an average
May 30, 2011
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I've been doing a lot of experimentations lately with regards to spreadbetting on the various platforms available and also different forms of strategies mainly in the daytrade arena and here are my thoughts:
Daytrading with tight stops is extremely difficult - tight meaning around 20 pips. With the spread usually around 3 pips either side, so around 6 pips that's already about a third of your stop before the market has moved. Brokers can move the spreads around to hit your stops without
May 23, 2011
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