3 Reasons Why I Lost Money Spreadbetting

Can a 40 year old self-taught retail investor from Sussex, UK, turn £4,000 into £1,024,867 over 23 years purely from investing in UK FTSE stocks? Join Chris Chillingworth as he embarks on his journey and follow the ups and down’s caused by the impacts of Brexit, the 2019 pandemic, the Russian invasion of Ukraine and the global hunger crisis.
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[@kevtherev8194]

Preparation, preparation, preparation. Every morning, i prepare about 20 charts - then, i wait. Finally, i will end up using only 2 of them.

[@jc3444]

Thank you for this. Looking forward to seeing the rest of your videos.

[@misterjaypeasmith]

Love Chris’ honesty. Great to see some integrity on this subject.

[@kanulondon]

Another excellent video. The human condition means we're so very quick to system hop, overtrade, fear missing out. Every loss is a lesson we must take on board.

[@chrischillingworth]

Thanks man.

[@umidra4905]

Absolutely agree with you. Thank you for sharing your experience.

[@nathacooper1672]

Chris, thank you so very much your honest candor. This was 10 minutes, well spent. I appreciate your videos & their content.

[@lalli007]

Thanks for sharing your experiences, we have all been on a similar journey and it helps to hear it from others too. Wishing you all the best 🙏🙏🙏

[@williamkz]

Thanks Chris. I was impressed by your honesty and humility. Ultimately it's all about psychology and the right mental attitude.

[@edwardromano4851]

So true... end of year 1 for me and I feel every word you said. Thanks Chris, love the videos 🙏🏻

[@mpho438]

I absolutely agree with you...especially on rule number 3........i risked more than i could afford on a few trades i placed earlier this week and Blew my account of 500$. Hard Lesson learned . Very Expensive Lesson indeed

[@pauljones9919]

Brilliant video I can relate with 100% of what you’ve said .

[@nobertstanel9428]

Thank You Chris.

[@mauropoletto5113]

Thanks for sharing this.

[@thepeacockpodcast3880]

Great video. Wisdom for sure.

[@jj1111able]

the market is a beautiful teacher

[@shumanrotula7697]

Thank you for you advices! Very useful for me

[@rjamala8753]

Thanks man that’s really good advice

[@iain777uk]

I love the honesty in this Guy

[@daveofthematthews]

Such a useful and powerful video, Strange that this was released 5 days before my birthday which was also the day I began trading a live account, My journey since that point has been really close to your own first couple of years (Lazy analysis, Felling left out if i don't have a trade open ect...) This makes me really wish i had seen this video back in March, Saying that though who knows if i would had listened as I find i learn more from my own mistakes than that of others. either way great video so thank you and glad i found your channel.

[@chrischillingworth]

Thanks man. Chuffed you are getting some value from the vids. :)

[@dylyo1]

been there with the gambling, what's interesting is I don't "gamble" at casinos but never thought I would allow the market to play me like one glad to hear you came out of it

[@compauk]

really helpful, thanks chris

[@chrischillingworth]

My pleasure

[@Flow_State1991]

Love this raw content mate. We can all relate to silly mistakes. Who ever reading this. Re group and try again with another peice of self taught info in the araenal.

[@alisalam5291]

Very honest assessment ! Well done on yr path to long term victory

[@chrischillingworth]

Thanks Ali.

[@greenscorpio1967]

Cheers mate think you one of few honest and open person regarding retail trading discussions Im still on demo after 11 months slowing on an improvement curve

[@chrischillingworth]

Nice one. Thanks for watching. Keep working on it. It'll come.

[@simon4133]

Thanks man.

[@emmanuell9869]

Thanks Chris! very insightful!

[@chrischillingworth]

Thanks man

[@Click-Source]

I know exactly what you mean , first 2 years is always brutal! I done the same crap too but we have to go over that to make us where we are!

[@adkest7345]

Honest review about learning yourself better. But I can say that most newbie traders have these problems before becoming profitable as a trader.

[@daniel-blessmannjoroge6483]

well said bro have been through the same

[@No2theBS]

Good advice thanks Chris. subscribed.

[@chrischillingworth]

Thanks man.

[@vimalb88]

Thanks for your honesty dude!

[@chrischillingworth]

Pleasure

[@geromino2007]

I just recently came from holiday as well. I decided not to do any trading while on it. Unfortunately I had too much time on my hands and ipad. I just couldn't resist to do a bit "hobby" trading. I lost 30% of my account in few days. Next time no ipad for me 😊

[@GreenEyedGod27]

I used to try to make money on oil speculation and random FX pairs and I turned £3500 into £1500 in 2 months. Now I use spread bet to buy dips in stocks but leave the trade on for several days with to reach a target and I make money less worry. I just make sure I have enough money to cover if the market dips further.

[@bobwoods1963]

I'm at the end of my first year and what you say makes absolute sense. Thank you for sharing.

[@chrischillingworth]

My pleasure sir.

[@yamkelanjikelana6261]

Great video.

[@chrischillingworth]

Cheers Yamkela

[@aditironci1944]

You are telling the true here man. in fact losing in the market its like you have lost a futball game.

[@fhamidkhan]

Great video thanks for sharing. What broker do you use for speeadbetting? Any suggestions for a neutral or good broker from UK?

[@venmax1]

Hi I can see you got I mac computer, I find it very hard to download MT4, MT5 in my imac can suggest me something please.

[@beerzo]

Hey man. Great video... How much did you initially put into your account? I'm brand knew to this.

[@arlenbader6231]

An analogy would be it's like learning to fly; being lazy about your flight controls, changing from one system of controls to another, gambling that you have the controls right......ain't gonna help when you are at twenty thousand feet.

[@thistimenextyear77]

Relate to this big time - Jesse Livermore from the last century will tell us all we need to know Risk Management and bet size is key Made many mistakes, all part of the education however expensive it is 🏦🤑 Psychology of Trading and being unemotional in Trades is Key

[@oliverolonan2556]

Common experience of Traders :)

[@cryptobigmouth6165]

it is amazing what you learn when you lose your own money.

[@paulk5242]

hi what broker do you use?

[@rikkoggg1339]

quality where where are you based in UK ??

[@wevs1801]

I am spread betting and looking for a software (free or paid) to link to my SB company and auto export my trades so I can review and track my performance. Does anyone know of any? most seem to be for DMA brokers only and not spread betting companies. I am aware of doing excel but that takes some time importing data when I make around 30 trades per day. Thank you

[@chrisharper2312]

Chris. Please answer.. :) IG spreads seem high for spread betting stocks? I spread bet companies around the £3 a share mark and the spread is usually a few points either side. Anyway to avoid this? I have a Mac also. what's best charting software? Currently using protools

[@stevo728822]

If your "system" works, it works regardless of how you feel.

[@chrischillingworth]

Agreed

[@jamescathode6917]

How do I join the discussion forum?

[@chrischillingworth]

facebook.com/groups/tradingthetrend/

[@andyw3152]

Hi, how stressful do you find spreadbetting on a daily basis? Do you have a full time job outside of spreadbetting?

[@chrischillingworth]

Not stressful at all now I have proper risk management in place. If its stressful its often because you are trading above your own personal risk tolerance. I run 3 businesses and have some property. All contributes to my income. I don't have a 9-5 if that's what you mean.

[@andyw3152]

Yep, that's what I meant. I suppose some of this comes down to greed.

[@thistimenextyear77]

Also not cutting losing trades early enough - that’s burnt me and all part of the learning curve / expensive education 🤑 Cut Losers Early - Let Winners Run

[@faifatama3152]

Hi Chris I have sent you 2 mails on your website requesting info, with no reply. Could you please check and reply. thanks Alf

[@danzi333]

I’m on year two of trading and can tick those three mistakes off the list :)

[@chrischillingworth]

We've all been there I think.

[@peterpanci78]

Hi i am in the same position i lost £2000 already

[@philpreston6406]

Great video Chris - Pychology like you've mentioned in depth before, in my eyes is the HOLY GRAIL to trading. Master thyself first, if you want to master the markets!!

[@chrischillingworth]

Absolutely. This is why trading is so hard for most to grasp. Always searching for the best system or the best indicator to use or the best markets to trade. Those people always lose until they eventually realise, if ever, that it's about them and their decision making in the moment. Thanks for watching Phil.

[@VicDamoneJr82]

Only 2 years that’s crazy so you don’t lose anymore ?

[@chrischillingworth]

I lose everyday. But for the last 5 years ive won more money than ive lost.

[@unitedyouthfoundation961]

@@chrischillingworth Hello Chris can you do a video feature on Norway stock exchange and look at some of the top stocks on the Oslo stock exchange please. I believe Norway has great long term prospects.

[@MartinAdamD]

I feel you bro :) i've been there myself... shorting US indexes from my phone lost 9 k ! in a day I was suicidal !

[@chrischillingworth]

Ouch. Expensive lesson, but theres a positive in there as well. We wont make that mistake again.......hopefully.

[@danstylus1]

Sucks dude. At least you wasn't nick leeson

[@katehillier1027]

Not another beard?!

[@chrischillingworth]

?? You have a lot of beards in your life already Kate? xx

[@katehillier1027]

@@chrischillingworth I am sick of always seeing bearded men. TV etc I wish men were clean-shaven.

[@chrischillingworth]

Sorry Kate. I'm embracing my inner Viking. ;)