2010 so far:

There was a dip towards end of December in the FTSE where it finished 5366,this would have been perfect time to enter as market rebounded upoto 200 points in the next 5 days. However, momentum is slowing and indicators now say FTSE is an overbought instrument so I expect in next 5 days the market to fall by 150 points. This will present my first entry point and opportunity to buy into the market.

My Spread Bet Mission For 2010

Hello,

My mission for 2010 is to journal the success or failure of my spread bets in the financial market.

I will start by crediting my account with 100 pounds and by end of the year I hope that my betting strategy will have been successfull enough to completeley subsidise the income that I would get from my present occupation.

My strategy is a simple one to execute:

To hit enter into a bet only after market has fallen substantially at end of trade.
In this instance I would bet that the following day market will bounce back to recover some of its losses.

I am expecting at least two opportunities to enter into the market per month.

Thank you for reading and following.

Gerard