Day Trading the USA Markets With Financial Spread Betting

Also, take some care when choosing markets. It is a good idea to calculate the rollover costs before entering a trade and one should only then decide on the markets to trade. There are some markets where rollover cost don't really amount to much but some other markets might be expensive to rollover ($1000 and more for me a year).

The other rule that I'm adhering to is only trade on the next day open. i.e. I apply a stop loss only to end of day data. Having said that I only have a small number of stops in place and they don't change too often.

With long term system one has the advantage that my trading system order generation calculates the distance to the stops. I ignore all markets where the distance proposes that the stop won't be hit which saves much work. Trading longer term trends also means that the wider spread of some spread betting providers won't affect the returns of your system.

Last tip: Always (!) compare backtested performance with your betting performance. My worst nightmare was when some positions had really false risk/bet sizes. It took me some days to find out. It happens as you maybe didn't adjust bet size to backtested equity on entry day. I would recommend to check your spread bets often.

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