How I Turned $38,673 into $1,129,030 in Fourteen Weeks by Spread-Betting Oil!

This Book covers fourteen weeks from 23 November 2018 to 4 March 2019 when Neil transformed $38,673 into $1,129,030 by Spread Betting, OIL, taking advantage of the maximum leverage offered by the Brokerage firm he selected. His success rate was such that 92.6% of his Trades were profitable while only 7.4% were not (by the number of Trades) and 94.3% & 5.7% respectively (by the monetary value of the trades). This result places Neil in the uppermost category of Oil Traders even though...
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This Book covers fourteen weeks from 23 November 2018 to 4 March 2019 when Neil transformed $38,673 into $1,129,030 by Spread Betting, OIL, taking advantage of the maximum leverage offered by the Brokerage firm he selected. His success rate was such that 92.6% of his Trades were profitable while only 7.4% were not (by the number of Trades) and 94.3% & 5.7% respectively (by the monetary value of the trades). This result places Neil in the uppermost category of Oil Traders even though Neil never before this experience Traded on Stocks, Currencies or Commodities or dealt with a Brokerage firm.As stated earlier, Neil's initial investment of $38,673 turned into $1,129,030 for the period from 23 November 2018 to 04 March 2019 - in total, 70 business days or 14 weeks from kick-off. However, the pivotal Trading period started on 08 February and lasted 18 business days as this Book will demonstrate.Neil wants everyone who has the courage and passion for achieving something remarkable in life to know that IT IS POSSIBLE AND CAN BE DONE. This book sets out in detail how Neil achieved the extraordinary. However, Neil does not wish any reader to suffer financially by doing what he has done creatively and ultimately successfully. Accordingly, Neil issues a STRONG WARNING THAT ALTHOUGH HE ATTAINED SOMETHING EXTRAORDINARY THE ODDS ARE THAT MOST PEOPLE FAIL IN SPREAD BETTING. Spread Betting is a form of derivatives Trading that allows the Trader to take a position on whether he thinks a Market will rise or fall, without having to buy the underlying asset. Importantly, Spread Betting is a Leveraged product, which means the Trader only puts down a small deposit for much larger Market exposure.For clarification, a Day-Trader is a Speculator in Securities, explicitly buying and selling financial instruments within the same Trading day, such that positions are Closed before the market Closes for the Trading day. Traders who Trade in this capacity with the motive of profit are therefore Speculators, in contrast with the long-term Trades underlying buy and hold and value investing strategies. Day-Traders exit positions before the Market Close which enables them to avoid unmanageable risks, specifically negative Price gaps between one day's Close and the next day's Price at the Open. Occasionally, a Trade may over-run the Close of the business day, but normally Trades are Closed before the Trading day ends. Some Day-Traders use an intra-day technique known as Scalping that usually has the Trader holding a position for a few minutes or only seconds. As will become clear later, some of Neil's Trades fall into this category.Neil's analysis of CRUDE over the previous two months was such that Oil tended to rise during the day in London (i.e. GMT 06:00 and lower overnight from GMT 24:00). The real push, however, occurs when the US Markets open at 14:30 GMT. If Oil has been climbing before then, it is likely to increase in pace going up further due to the impact of the US Market. Similarly, if Oil has been declining then when the US Market opens, it will also increase the pace of the decline. Such is Neil's consensus after studying the Market impacts on Oil Prices over an extended period of Trading days.Neil's methodology and rationale were to invest the maximum that his Bankroll would allow, on each Trade. His view was to commit his Bankroll on each Trade and then to monitor each Trade 'minute by minute'. He would 'Close' the Trade taking profits as early as possible, thereby managing the risk intelligently by following the daily trends as well as the Market news and his instincts. This high-risk Trading is not recommended and can prove very unsafe. However, ...with high risk also can come high reward. Day-Traders would typically never do this. Their discipline is to carry available funds at least equalling their exposed Margins.