Posted in: spread-betting
RE: Trading/Spreadbetting board26 Jan 2013 17:31
.. just one of my trades of Friday ... I was unsure of the ftse 100 direction mid morning so bet that it would both go down or up .. it went up and I cashed in the long just b4 market close and entered into another short as I still consider the ftse 100 to fault.I still hold the red short at same value , so no profit, and have a marginal gain on the second short. I entered all contracts on a March contract to give me some slack. Whilst I still hold the nego March shorts, I hope that the markets will not move up on Monday!
However, if they do , I will try to maintain position or profit at best!
Whilst I am struggling with what is driving the FTSE 100, the presumption that a weak currency will add to earnings is done for me as I consider this overdone at current levels, just my opinion and my experiences of past.