Discussion
twinturboz said:
Was debating to post this or not but the general consensus on this thread was that trading was a waste of time or something not worth pursuing.
I figured I'd try to challenge that perception, so I chucked £500 into a spread betting account on the 24th August with the aim of posting the results up here whatever they were.
Now the results I know are only a few weeks of trades and you can argue if it's sustainable in the long run etc, but the purpose of posting this up is to be transparent and to show that with the right risk management you can make money trading it's not all gloom and doom.
Also with the tiny starting capital leverage was a big point and so this strategy is obviously high risk and in all likelihood not suitable for those just starting out, the main point is to be disciplined with losses.
Ignore the risk stats simply because I logged the trades into the software after and don't remember what my stop losses were after the fact, ignore the $ sign too currency is £.
Current unrealised positions is 4 trades with a total of -£300.
Very impressive!I figured I'd try to challenge that perception, so I chucked £500 into a spread betting account on the 24th August with the aim of posting the results up here whatever they were.
Now the results I know are only a few weeks of trades and you can argue if it's sustainable in the long run etc, but the purpose of posting this up is to be transparent and to show that with the right risk management you can make money trading it's not all gloom and doom.
Also with the tiny starting capital leverage was a big point and so this strategy is obviously high risk and in all likelihood not suitable for those just starting out, the main point is to be disciplined with losses.
Ignore the risk stats simply because I logged the trades into the software after and don't remember what my stop losses were after the fact, ignore the $ sign too currency is £.
Current unrealised positions is 4 trades with a total of -£300.
At that rate of return, you'll have a £1m balance by Christmas!
What were you trading?
Gassing Station | Finance | Top of Page | What's New | My Stuff