The problem with tight stops and spreadbetting – FTSE shorting
I put on a FTSE short this morning on my spreadbetting platform at 5780 with a stop at 5820.. it started off a bit dodgy and then hit my stop by 0.5 points before falling (5820.5)!!! Arrrgh! This is really annoying and I ended up nursing a 40 point loss. The price is currently 5745 which would have been a nice profit at this stage!! I should have put the stop a bit higher, I was thinking of it as it had previously bounced at this level. With spreadbetting companies, they move their spreads
