Here are the lessons I have learned from my Spread Betting Strategies so far. I will update these as I learn more. I will also add my general feelings and thoughts about spread betting.
1. Actual trading is a lot different to paper trading.
2. Whilst you expect trades to sometimes hit your stop loss, it is extremely frustrating when they do.
3. It is difficult to go against your gut instinct and stick to your spread betting strategies.
4. Extremely glad I started small!
5. Even though you set your entry level and stops to manage your risks, you can always lose more if the stock opens above or below or even gaps during the day.
6. This is harder than I thought it would be.
7. Setting up many trades at the weekend and only 1 or 2 get executed is frustrating. Seems like all that hard work has
gone to waste.
8. When you have lost on a few trades I sometimes hope that I don’t get another contract note to inform me another trade has been executed.
9. Although I think I am clear about my Spread Betting Strategies there are scenarios that occur where I hesitate over making a decision.
10. I’m not sure I’m very good at this.