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Download e-book for kindle: Bets and the City: Sally Nicoll's Spread Betting Diary by Nicoll Sally

By Nicoll Sally

ISBN-10: 1441603743

ISBN-13: 9781441603746

ISBN-10: 1905641060

ISBN-13: 9781905641062

Sally Nicoll starts her unfold making a bet trip with magnificently lost optimism. subscribe to her in this rollercoaster experience to hardened pessimist - and wised-up realist.

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Additional info for Bets and the City: Sally Nicoll's Spread Betting Diary

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So that’s another lesson I hope I’ve learned: those Rolling thingees that are meant to be for short-term trades continue to rock – with winnings or losses added or taken from your account every day – even when you’ve forgotten all about them! It’s not entirely a disaster, though. Last time I traded, I switched from selling to buying Cable. 97 for a stake of 3p. (A quick bit of maths: this means that in real life, the rate of exchange has dropped by 297 divided by three: 99cents. ) Cool! 43 Bets and the City I decide to quit while I’m ahead.

And then I notice something else. Say I decide to punt on British Airways. I can trade something that says British Airways Rolling (unwise for a 747, surely) or British Airways June, British Airways September, or indeed British Airways December. Is this the same as Coke, Diet Cola and Vanilla Coke – diversification of the product line? Or what? I retreat to my notes from the Finspreads Academy to figure it out. Turns out it’s all to do with how long you reckon your trade will last. The Rolling Shares are best for short-term trades.

Over the past few days, the price has been up and down like the zip on Filthy Lucca’s chinos.

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Bets and the City: Sally Nicoll's Spread Betting Diary by Nicoll Sally

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