Archive for May 23rd, 2011

New Turtle Traders – the Selected Few

New Turtle Traders - the Selected Few

Well Mike Baghdady has his team of New Turtle Traders selected. There were 8000 applicants and 20 were picked (however the picture below shows 15 so not sure what happened to the others). Each will be given $100,000 USD to 'play' with and they will be entitled to a portion of the profits made (if any). Any losses will be absorb by Baghdady. Some of the biographies are as below: Adele, 43, is originally from New Zealand but has been in England nearly 20 years. She worked in IT for inves

May 23, 2011 No Comments Full Story

Spreadbetting and Daytrading

Spreadbetting and Daytrading

I've been doing a lot of experimentations lately with regards to spreadbetting on the various platforms available and also different forms of strategies mainly in the daytrade arena and here are my thoughts: Daytrading with tight stops is extremely difficult - tight meaning around 20 pips. With the spread usually around 3 pips either side, so around 6 pips that's already about a third of your stop before the market has moved. Brokers can move the spreads around to hit your stops without

May 23, 2011 No Comments Full Story