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

233 Pages·2006·2.027 MB·English

by  Sally Nicoll

Bets and the City
Sally Nicoll’s spread betting diary
Harriman House Ltd
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First published in Great Britain in 2006 by Harriman House Ltd.
Reprinted in 2007 and 2008
Copyright ©Harriman House Ltd
The rights of Sally Nicoll to be identified as the author have been asserted in
accordance with the Copyright, Design and Patents Act 1988.
ISBN 1-905-64106-0
ISBN13 978-1905641-06-2
British Library Cataloguing in Publication Data
A CIP catalogue record for this book can be obtained from the British Library
All rights reserved; no part of this publication may be reproduced, stored in a
retrieval system, or transmitted in any form or by any means, electronic,
mechanical, photocopying, recording, or otherwise without the prior written
permission of the Publisher. This book may not be lent, resold, hired out or
otherwise disposed of by way of trade in any form of binding or cover other
than that in which it is published without the prior written consent of the
Publisher.
Printed and bound by the CPI Group, Antony Rowe
___________________________________________
No responsibility for loss occasioned to any person or corporate body acting or
refraining to act as a result of reading material in this book can be accepted by
the Publisher or by the Author.
___________________________________________
The storyline and opinions expressed in Bets and the Cityare solely and
independently those of the author and are not influenced by the employees or
agents of Finspreads. You should not assume that the contents of my book
necessarily reflect the views of Finspreads.
Finspreads, which is a trading name of IFX Markets Ltd, engaged me to keep
and publish my diary on their website. Although, they exercised no editorial
control over the contents other than to assist me in meeting FSA regulatory
requirements. As a precautionary measure, I have been made an appointed
representative of IFX Markets Ltd in relation to the publication of this book and
the £50 promotion.
Bets and the City is for Gareth.
And for my dad, who would have loved it.
A message from Sally:
Spread betting is high risk. You can lose your shirt and more
besides. So please be careful, and don’t get carried away.
In the diary
1. In which my dad teaches me the Golden Rule of gambling
2. To make £1 million, all I need is a computer and an Internet
connection
3. I am rash, but not stupid
4. I trade my entire knowledge for one cup of coffee
5. The meaning of stop-loss and leverage And an offer I must
refuse
6. Thirteen advantages of spread betting – but only one company
for my account
7. An inauspicious start –I am accused of a criminal past
8. I prove my innocence, open my Finspreads account and win
something for a rainy day
9. The Welshman invites me to write about my new life as a
novice spread better
10. Mr. Big’s Top Ten Tips And why you should never be kind to
your mother
11. My first trades reveal if I am a chicken or a pig
12. Random trading for less than the minimum wage
13. Commonsense spread betting wins me pretty new underwear
and two free tanks of petrol
14. How my next spread bet is prompted by a Japanese fighting dog
15. In which I almost make £900 – but it all goes horribly wrong
16. Behind the scenes in the dealing room – so near yet so far from
the customer who’s £750,000 in profit
17. Trader’s block and a four-legged Dow Jones
18. Expert advice takes me in a new direction
19. What happens when I ignore expert advice?
20. Why I decide to dump my biggest winner
21. There’s a market worth $1.5 trillion a day I’ll have some of that!
22. A series of unfortunate events
23. Making money from the Government
24. Is this the darkest hour?
25. I give up spread betting and make a new friend
26. The Welshman’s final words of encouragement help me back to
winning ways
27. I have nine winning trades. Does it really matter if we don’t
know what’s driving the market?
28. Do women make better traders than men?
29. My New Year Trading Plan And tragic news about the Google
share price
30. I do well enough to start dreaming about villas in the South of
France – and a yacht
31. Pride comes before a fall
32. I am commanded from beyond the grave to continue my trading
education
33. I finally get the hang of spread betting And make nineteen
successive winning trades
34. Pride comes before a fall (Part 11)
35. Sensible advice from a man who lost $10m – in a single day
36. My spread betting secret is out!
37. 40% profit in six months
38. In which I have my head examined
39. I find my spread betting methodology tattooed on human flesh
40. Madness in my methodology?
41. In which I turn my computer into a cash register
42. The Four Pillars of Trading Strategy
43. I attend Traders’ University
44. I break the Traders University rules – and the promise of
imminent wealth is dangled before me
45. In which I stop gambling and begin to trade
46. Sex, lies and Paul McCartney

The Diary