sall said:marlintrdg, no problems is that the real location Nassau Bahams or you just joking
sall said:Hey I 'd love to get out of the UK and join you there man, I envy trading from the beach with those lovely's walking I could get well used to it, but it could play havoc on my trade plan!
sall said:I trade mainly us indicies and eminis, from around 15:00 gmt every day
laptop1 said:sall
Any spread bet firm will treat a 100 pound a point like a Hot POTATO, they say they take 100 pound a point bets, but that is just talk. I like to see it, through my experience not so.
The last time I traded with a spread bet from was WS, in the end I could even trade 1 pound a point. It stared off with 30 pound then down to 20 to 9 pound then down to 1 pound
They all bloody BUCKET SHOPS
The best why to trade spread betting is to, have 2 account one for longs and one for short, this way they dont know what you are doing.
PS
sall how many point do you try to make on one trade and how many time a day do you trade?
marlintrdg said:Always comes down to induces and eminis in SB.
I tried securities, but they don't move far enough to break even on a consistent biases, or if they do the spread widening to the being of being ridicules.
For now, I'm sticking with FTSE & Dow, I'm using an EOD system.
nigelpm said:Simon,
Do you offer quarterly equity bets on the capital spreads platform like CMC do?
Meaning holding longer term positions doesn't get expensive as cost of carry is pretty much just LIBOR.
Can't find anything about it on the website.
ns1000 said:I'm not sure that the cost of carry is just Libor. If it was that much lower than the mark up on daily bets, there'd be a arb between the two (buy daily, sell future, lock in the interest diff).
nigelpm said:Well it is ;-)
How could you possibly arb it?
you'd still get charged the daily cost of carry.
ns1000 said:Yes - the cost of carry would be the arb. Say the cost of carry on a daily bet is an implied 7%, and the future is calculated based on libor, of around 5%. You buy the 6-month future and sell the daily, locking in1% (the difference between the two / 6 months). As long as the spread is less than this 1% you'd make the difference without risk.
capitalspreads said:jbat and nigelpm are quite correct the cost of carry on a rolling bet wipe out the price advantage on the quarterlies, as I have mentioned in the previous comment, in about 2 to 3 weeks
sorry
simon
capitalspreads said:nigelpm
yes we do offer quarterlies on all of our equity markets... these are not available in the demo/simulator platform.
the forward value of a quarterly is as you say calculated with the cost of carry (libor) plus any dividend adjustments. Libor is adjusted to reflect higher rates (for buyers) and lower rates (for sellers).
the rolling charges on CS are plus or minus 2% (not 3% which, I believe, is what the other company mentioned charge).
Quarterly prices are wider than rolling (obviously) and there is a point at which rolling becomes more expensive than quarterly trading. This is different for differnet products depending on the sprad charged but in FTSE 100 shares is something like 2/3 weeks (of course for those of you who are short and who like to see the income rolling in every day it can often be more of a psycological thing rather than a value one !)
Simon