Spread Betting Experiment Update January 2007

Below are the two status reports on my
spread betting experiment for 2007 so far.

All five positions have been rolled over from the expired spread bets of last year.

The reason I rolled them over is because they all ended in profit and they all seemed to be continuing on their upward march.

This means I am still long on all my positions but I have not come across a share which I can short yet.

Another problem I am facing is due to Finspreads. They do not allow you to bet less than £0.50 per point and so I am struggling to place some bets whilst keeping to my strict risk management strategy.

In the future, when I have doubled my initial stake (notice I say when not "if") it will allow me to increase my odds and also to trade a lot more shares.

Still, I am happy at the moment with the amount of risk I am taking - especially because I am well up and my money has earnt a great deal more than if it had just been sat in a bank!

So, open positions as at close of markets on Friday 5th Jan and Friday 12th Jan (all UK shares):


w/e 5/01/07

Trade Ref	£ per Point	Long/Short	Entry Price	Current Price	Current P/L
10013	2.70	Long	286.1	289.6	+9.45
10014	3.00	Long	161.2	159.8	-4.20
10015	0.67	Long	541.2	542.4	+0.80
10016	1.00	Long	393.7	360.8	-32.90
10017	0.50	Long	875.8	863.3	-6.25

P/L on open positions: -£33.10

w/e 12/01/07

Trade Ref	£ per Point	Long/Short	Entry Price	Current Price	Current P/L
10013	2.70	Long	286.1	281.4	-12.69
10014	3.00	Long	161.2	161.3	+0.30
10015	0.67	Long	541.2	542.4	+0.93
10016	1.00	Long	393.7	362.7	-31.00
10017	0.50	Long	875.8	853.2	-11.30

P/L on open positions: -£53.76