If you are a regular reader of this blog and also my other bizoppsuk blog, you will know that I am actively spread betting a number of UK shares.

Well, the last time I posted my results to the blog, I was running a profit of £176.91. This was on the 16th February.

The following week, it had fallen slightly to £143.29.

However, like many people who are trading, my profits have now disappeared after 5 days of market losses.

Given my generous stop-losses I haven’t had many positions stop out – only 2 out of 13 but I am now sat on losses of £84.61.

It’s not a disaster but I’m surprised that the markets continue to fall. Something has obviously changed and it will be interesting to see what happens now.

Anyone want to make a prediction as to where the market is going over the next 5 days?

All of my positions are due to expire on the 20th March so they only have 11 days to recover and get me back into profit.

I’m not holding my breath though, I can see a bunch of losing trades come 2 weeks tomorrow.

Perhaps it’s time to have a clear-out and close the trades which are losing.

I will keep you posted…