Just finished a fantastic book:
It's a non-fiction book but it reads like a thriller and
they definitely should make a movie about it. I won't ruin it too much in case
anyone chooses to read it but basically, it's about Sam Israel III, the
guy that ran the Bayou Hedge Fund.
Israel was basically a good guy at heart but some bad trades
seen his hedge fund in trouble. He ended up treating it like a Ponzi scheme and
needed to get out. Amazingly, he fell for a load of conspiracy theory stuff
about a secret trading market and ended up putting Bayou's hedge fund in
accounts with guys in London and elsewhere. The trickster was tricked himself.
Amazing story and a proper page turner.
**
In the racing, I've one for today - Anna's Arch in the 2.50
at Sedgefield. Turned out quickly under a penalty and should be hard to beat:
Dual bumper winner who
shaped with promise in couple of novices last December before taking
significant step forward to make winning handicap bow at Kelso last week. Hard
to oppose under penalty.
**
In the financial trading, there looks to be a nice Gap Trade
opportunity on the S&P500. As explained before, the gap simply involves
buying the S&P around 11.30am (Irish time) when there is a decent gap
between the current price and last night's close price. If you take a look at
the graph, you will see that I bought the index this morning at 1368.8. My
profit target is last night's closing price of 1378.4 and my stop loss is one
and a half times my desired profit at 1354. I've added lines at the key prices explaining each:
Elsewhere, my gold trade is still in profit thankfully to
the tune of about €40. Best of luck with your trading and betting today.
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