Mr Spread Betting Manual - ReView from a beginner
Hi All,
Thought I would just give some feedback on the Mr Spread Betting Manual and CD as a rookie to trading. I’ve only been spread betting for the last 10 months or so. Not really making any profit but learning a lot along the way. Mainly what not to do
I came across the T2W forum a couple of months ago and have learnt a lot just from reading many of the threads on this forum. Trader Dante, Lee Shepherd, FTSE Beater and Wasp just to name a few have posted some really good material which I have managed to read. There is still a lot more out there which I am looking forward to reading.
Anyways, I came across the Mr Spread Betting manual on this forum on the 1st thread posted which I can’t seem to find anymore. I watched and read the posts with anticipation for a week or so until finally deciding to bite the bullet and purchase the manual and find out for myself.
The main reasons for this was:
1. I felt that I lacked a certain confidence in my trading (having purchased and read a couple of books, I had some knowledge but was struggling to put together what I had learnt into a trading strategy)
2. I felt that paying £150 for a manual and CD which may be able to give me some direction in my trading was far better than paying some of those companies out there which charge an exorbitant £3,000 for a weekend crash course.
3. The fact that David Robertson stood his ground after many cynics on the forum (including myself) passed him off as a scammer selling the holy grail.
4. The fact that he provided 3 people on this forum the opportunity to test the strategy really said something to me.
So I purchased the Manual and CD on Friday the 5th and received it on Tuesday the 9th. I used last week and this weekend to read over the manual twice and watch the presentations on the DVD of past examples and how to use the strategy. I then selected a sample of shares (US and UK), and an index and back tested the strategy on 6 months of data. Of which I was impressed with the very positive results. I have now started spread betting this week risking as little as possible until I gain more confidence and I must say I am very pleased with the results so far. I have not made any massive profits, but then again I am not expecting to make massive profits off the amounts I am currently risking.
I guess where the Manual has helped me is that it has given me confidence in my trading by providing a strategy in which I can follow. A strategy which covers money management, trade entries, stop losses and trailing stops. Having read a couple of books on trading I have learnt quite a bit but was struggling to put everything I learnt together into a trading strategy which would allow me to make consistent profits, always chopping and changing between strategies based on loose knowledge of what I had read or learnt from the books. Even if I only use the Mr Spread Betting strategy as a basis to start off with, hopefully making consistent profits while I further refine or develop my own strategy, I have no doubt that what I have learnt in this manual has helped ME by giving me more confidence in the trading decisions that I make.
I am by no means claiming that this is the Holy Grail to trading and I’m not telling anyone out there to go buy it. I’m just sharing my experience as a beginner on how it has helped me so that others who may be in my position can make up their own minds on whether or not to purchase.
I hope this has helped some of you out there. I will be on holiday over the Christmas period but hope to report back on some results / profits in the New Year.
P.S. I should also mention that the Mr Spread Betting forum provides support and regular postings on more recent trades which have been made which I have found quite useful.