Lessons to learn from your spread betting losses

Anyone who spread bets for any length of time is going to lose money at some point. So how do you minimise your losses? Here are a couple of lessons to learn from trades that go wrong.

Like it or not, no matter how skilled you are, anyone who spread bets for any length of time is going to be on the wrong side of a losing trade at some point more likely sooner rather than later.

But, like every trade, you can learn from your mistakes. Better yet, you can make an effort to learn from other people's mistakes. City Index has come out with some useful tips on how to minimise your losses and what you can learn from trades that go wrong.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.