Spread Betting Update w/e 15/12/06

These trades all expire tomorrow and so I will have to decide which to roll-over before 4.30pm

As I see it, there is little point just closing the winners and having done with it. They are still in upward trends and so I feel they are still valid positions.

Someone on one of the forums has made a point that the VIX is very low at the moment. As Vince Stanzione says - "when the VIX is low, we go". This means that when the VIX is a low value it can mean that there will be a fall in the markets.

Maybe I should keep those stop-losses and change them into guaranteed stops so I don't lose out in the event of a fall.

All of my positions so far in this little experiment have been long so it would be nice to have some short positions as part of the portfolio!

I'll be back later in the week to update you with the results after expiry tomorrow!

Open positions as per close of trading Friday 15th December 2006:

Trade Ref	£ per Point	Long/Short	Entry Price	Current Price	Current P/L
10001	3.00	Long	138.80	156.7	+53.70
10002	0.46	Long	737.80	882.9	+66.74
10003	1.35	Long	247.50	284.30	+49.68
10005	0.08	Long	4024.90	4330.4	+24.44
10006	0.23	Long	1488.00	1452.6	-8.14
10007	0.67	Long	475.60	530.0	+36.44
10008	0.15	Long	2255.6	2097.4	-23.73
10009	1.00	Long	342.2	388.6	+46.40
10011	0.29	Long	1138.8	1278.5	+40.51
10012	1.35	Long	286.8	284.3	-3.37

Current P/L = +£282.67