Lost Money Spread Betting?

Spread betting is very addictive and hard to find that adrenaline burst anywhere else but we need to resist the urge until the markets settle a bit.

I just got news one of my trading friends (he has no name here) has crashed and burned. He appears to have lost the lot. I knew something was wrong but didn’t suspect that. He’s someone I like enormously but from whom I have never taken any ideas because I could never quite work out what it was he did. He also seemed to be making too much money. I don’t know what happened but I suspect he just got it wrong too many times…let’s face it, good money management will keep you in the game for longer but it can’t keep you in the game forever. I also suspect he didn’t have the flexibility to adapt to the change in the market. He started at a time the market was falling….and then found it difficult to make money when the market turned for the better. Anyway, a sad day.