Posted in: spread-betting
RE: Trading/Spreadbetting board20 Dec 2011 15:08
Like the sound of the belly pork signature dish S, have tried to give myself a target of 2% a day on my account for fx as i am trying to build up my meagre account to make it worthwhile and hopefully make enough to live on, biggest problem ive had in the past is that i do well and then do something really stupid and blow a huge chunck of the account so hence the need to be as focused as possible on targets and risk management.
Used to trade shares outside of sipp and still have a few but unfortunately due to my situation over the last couple of years have cashed in most to live, trying hard to build up the pension pot to a level where i could afford to live off it but got a lot to go before i get there, when i first started tading my sipp was very active in and out all the time and made very good gains a lot of which i have given back over the last year where i have mainly held and not traded so much (perhaps a lesson to be learnt there), have been thinking of moving my sipp to another provider that would allow me to trade fx as well but cant make up my mind how sensible that is as im liable to blow the lot lol.