I've been looking through the 3 threads that mention IntelliTrend
INTELLITREND250 anyone know anything about it?
http://www.trade2win.com/boards/showthread.php?t=18675&page=1&pp=10&highlight=intellitrend
intellitrend250 query
http://www.trade2win.com/boards/showthread.php?t=18919&highlight=intellitrend
Cost of spread betting
http://www.trade2win.com/boards/showthread.php?t=18701&highlight=intellitrend
and everybody seems concerned that they're going to be taken for a sucker, especially as the cost to purchase is rather high at £5k.
The impression I get from the blurb about this product is:
"why not risk a "throw-away" £2000 for the possibility of fat returns a few years down the road - its easy and only takes a few moments each evening, so why not go for it?"
I can see that this would be attractive to someone who has not formulated their own investment strategy, and for those who would like a guided approach to spread-betting.
However, the purchase price of £5k seems high, even with a £500 free deposit in your spread-betting account - after all, you have already supplied that £500, if we make the true purchase price £4500!
If we form an investment club, we can fix all these problems.
I was thinking along these lines:
£50 annual membership fee; and then £20 "investment" packets can be deposited.
So with 100 members, we've got the £5k to purchase, and the £2k for the initial investment.
Any body interested, and prepared to use a minimum of £70?
If you are, please send me an e-mail by clicking on "ukoptions" at top-left of this posting, and then select "Send an e-mail". Please also say what you'd like to do if we don't get 100 initial members.
The only potential problem I can see is if our pot stands at, say, £12k and we make an appropriately large bet given the size of the pot, and then the market (or this particular share) moves catastrophically against us.
I know from cfd trading that you can have a guaranteed stop on a restricted range of instruments as long as you pay a higher charge - it will be interesting to see if this clobbers the profit. But I guess as we're only risking £20, we shouldn't be too upset!
I welcome old hands at spread-betting to comment on this; and any other obstacles that they can forsee for this venture.
Other observations on the posted IntelliTrend results:
1) the size of the bet moves up with the size of the pot, so trading scales with previous success;
2) Its a bit of a roller-coaster - I seem to remember that the size of the pot went to £14k, and then, through a series of subsequent losing trades, the pot went to £7k. If those sorts of losses are going to make you cry, then this is not for you. Although with only £20 invested, I guess you wouldn't get too upset.
3) On occasions, they've got the direction of the move correct, but the cost of the spread-bet exceeded the profit generated from the small share price move, so although they got it right, you still took a loss.
4) We haven't seen how it performs in a falling market - spread-betting allows us to profit from down-bets in such a scenario, but so far we don't have any results in anything other than a rising market.
5) On the telephone, they do sound earnest, professional and convincing. They do sound like good guys.
Kind regards,
ukoptions
INTELLITREND250 anyone know anything about it?
http://www.trade2win.com/boards/showthread.php?t=18675&page=1&pp=10&highlight=intellitrend
intellitrend250 query
http://www.trade2win.com/boards/showthread.php?t=18919&highlight=intellitrend
Cost of spread betting
http://www.trade2win.com/boards/showthread.php?t=18701&highlight=intellitrend
and everybody seems concerned that they're going to be taken for a sucker, especially as the cost to purchase is rather high at £5k.
The impression I get from the blurb about this product is:
"why not risk a "throw-away" £2000 for the possibility of fat returns a few years down the road - its easy and only takes a few moments each evening, so why not go for it?"
I can see that this would be attractive to someone who has not formulated their own investment strategy, and for those who would like a guided approach to spread-betting.
However, the purchase price of £5k seems high, even with a £500 free deposit in your spread-betting account - after all, you have already supplied that £500, if we make the true purchase price £4500!
If we form an investment club, we can fix all these problems.
I was thinking along these lines:
£50 annual membership fee; and then £20 "investment" packets can be deposited.
So with 100 members, we've got the £5k to purchase, and the £2k for the initial investment.
Any body interested, and prepared to use a minimum of £70?
If you are, please send me an e-mail by clicking on "ukoptions" at top-left of this posting, and then select "Send an e-mail". Please also say what you'd like to do if we don't get 100 initial members.
The only potential problem I can see is if our pot stands at, say, £12k and we make an appropriately large bet given the size of the pot, and then the market (or this particular share) moves catastrophically against us.
I know from cfd trading that you can have a guaranteed stop on a restricted range of instruments as long as you pay a higher charge - it will be interesting to see if this clobbers the profit. But I guess as we're only risking £20, we shouldn't be too upset!
I welcome old hands at spread-betting to comment on this; and any other obstacles that they can forsee for this venture.
Other observations on the posted IntelliTrend results:
1) the size of the bet moves up with the size of the pot, so trading scales with previous success;
2) Its a bit of a roller-coaster - I seem to remember that the size of the pot went to £14k, and then, through a series of subsequent losing trades, the pot went to £7k. If those sorts of losses are going to make you cry, then this is not for you. Although with only £20 invested, I guess you wouldn't get too upset.
3) On occasions, they've got the direction of the move correct, but the cost of the spread-bet exceeded the profit generated from the small share price move, so although they got it right, you still took a loss.
4) We haven't seen how it performs in a falling market - spread-betting allows us to profit from down-bets in such a scenario, but so far we don't have any results in anything other than a rising market.
5) On the telephone, they do sound earnest, professional and convincing. They do sound like good guys.
Kind regards,
ukoptions
