Didn't do too much today. Just some general bits and bobs.
The day began routinely enough, though our clearer told us that we're exceeding our risk limits and should take it a bit easier. That gave us a chuckle, so we went to lunch and had sushi from Leadenhall.
I've cashed out my life savings and bought shares in the new venture. Alas my business partner is having trouble cashing out the pennies he has in his gambling accounts, so it may take until the end of the week until he starts trading for real. SMT. For some reason, the girl at Abbey thought he was being suspicious, and therefore decided to lock his account for ten days. What a spiteful girl! That lockdown could cost us dear, as it's now going to take even longer for him to transfer his cash into the company.
I attempted to withdraw £250 from the £300 I had remaining in Capital Spreads. Alas I could only withdraw £230 as £70 was from a refer a friend bonus. As a result, I'm £20 out of pocket so far. If I can withdraw the remaining £70 then I'll be a happy boy.
A couple of colleagues tried a new massage parlour. It was £30 for 30 minutes. Alas I was too busy to attend, but according to rumour mill, happy endings can be guaranteed for an extra £10.
We watched Cramer on CNBC. What a clown. Here's the video:
For some reason he thinks the markets owe him a living, and seems to want Bernanke to bail him out. I guess he's lost a lot of money, and the stress of recent weeks shows quite clearly. Nice.
At the end of the day, there was a serious mispricing in the Bund. My buddy, who trades it for a big bank, said it was silly to trade in the current climate. But we decided to throw caution to the wind, on the assumption that we could cash out 5 minutes later. Unfortunately the opportunity liquidate our positions did not arrive. So we have double the position we had on last week. I guess Mr Clearer will be calling us extra early tomorrow. Good times.
I'm thinking of getting British Gas Homecare for my flat. It's not cheap, but things like leaking toilets keep on popping up every now and then. What a ball ache.
My buddy is coming along well with the trading thing. He's only been on a simulator so far, but has developed a few interesting ideas and has the discipline to avoid chasing losses. Unfortunately, getting the business up and running has been a bit of a pain. Our business account is with Natwest Business Banking and was only fully openned on Friday. The accountant setting up the firm had put himself down as the sole shareholder, and that obviously wasn't right.
I've set up a new limited company with a mate. It's going to be for futures trading, and my buddy will be pressing the buttons.
Unfortunately, HSBC aren't being very helpful with letting us open our accounts, and my business partner is having problems withdrawing his savings in time for when he starts trading with real cash. He therefore might try using a payday loan company such as Month End Money.
Regarding my other schemes...
Barclays keep on sending me weekly statements for my spreadbetting account. I've just emailed them to ask them to stop. All that wasted paper makes me feel a bit guilty.
My buddy has withdrawn his deposit from Capital Spreads. And is only up £13. I'm showing a £50 profit but haven't withdrawn my deposit. I might have to call them later as they cheekily don't have a withdraw button on their website.