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3 Reasons Why I Lost Money Spreadbetting

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I spent some time today thinking over the 3 main reasons I lost in my first 2x years Spreadbetting the financial markets. Thank you for watching this video. I hope that you keep up with the videos I post on the channel, subscribe, and share your learnings with those that need to hear it. I love getting comments and feedback so please take a second and say ‘Hey’ ;). — ► Subscribe to my channel here: https://www.youtube.com/user/spreadbetbeginner — Chris Chillingworth is a systematic mechanical Trend Follower, trading and spreadbetting stocks, indicies, commodities and forex markets using mainly End of Day Trend Following Trading systems. Chris is the host of the Trading the Trend Podcast, a show dedicated to Trend Following strategies, as well as The Spreadbet Beginner Podcast, a show dedicated to Financial Spreadbetting using Trend Following techniques, with both shows reaching over 100,000 downloads and counting. Chris has been coaching both beginners and experienced traders since 2014 and has so far helped over 1000 traders and spreadbetters improve their results. Chris provides online video courses to help traders understand what they really need to know in order to become profitable and has always championed that your psychology is more important than your mechanics. Chris also runs a one to one coaching service called the Inner Circle, details of which can be found on his website. — ► Courses Spreadbetting Course: https://spreadbetbeginner.co.uk/spreadbetting-courses/ Inner Circle Application: https://spreadbetbeginner.co.uk/inner-circle/ — ► Follow Me Online Here: YouTube: https://www.youtube.com/user/spreadbetbeginner Instagram: https://www.instagram.com/chrischillingworth/ Facebook: https://www.facebook.com/chris.chillingworth Snapchat: https://www.snapchat.com/add/chrischilli Trading Website: http://www.tradingthetrend.co.uk/ Spreadbetting Website: https://www.spreadbetbeginner.co.uk Twitter: http://twitter.com/chrischilliuk Facebook Trading Group: https://www.facebook.com/groups/tradingthetrend/ Trading the Trend Podcast: https://itunes.apple.com/gb/podcast/trading-the-trend-podcast/id1128950477?mt=2 The Spreadbet Beginner Podcast: https://itunes.apple.com/gb/podcast/the-spreadbet-beginner-podcast/id1020677804?mt=2 ► Subscribe to my VIP Newsletter for exclusive content here: http://eepurl.com/R0SiL
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Text Comments (70)
luminor007 (1 month ago)
Just found ur channel... I can relate to everything your saying.. Really enjoyed ur vid. and will be watching the vids I haven't seen yet.. thanks!
geromino2007 (1 month ago)
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 😊
Graeme Beer (2 months ago)
Hey man. Great video... How much did you initially put into your account? I'm brand knew to this.
Phil Preston (3 months ago)
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!!
Chris Chillingworth (2 months ago)
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.
Pianogrande (4 months ago)
Refreshingly candid Thanks Chris PS Are you a full-time trader?
Chris Chillingworth (4 months ago)
Not anymore. I have moved to End of Day so it only takes 30 mins a day to check positions. I'm building the lifestyle I want, which doesn't involve sitting behind a screen all day. But for some, being into the markets all day is exactly what they want. You gotta find whats right for you really.
bobwoodsUK (4 months ago)
I'm at the end of my first year and what you say makes absolute sense. Thank you for sharing.
Chris Chillingworth (4 months ago)
My pleasure sir.
Chris (5 months ago)
Hi Chris quick question which broker do you use for spread betting?
Chris Chillingworth (4 months ago)
IG.com personally
Faizal Hamid (5 months ago)
Great video thanks for sharing. What broker do you use for speeadbetting? Any suggestions for a neutral or good broker from UK?
Rob Mack (5 months ago)
Good advice thanks Chris. subscribed.
Chris Chillingworth (4 months ago)
Thanks man.
daniel mwangi (6 months ago)
well said bro have been through the same
Ding Bat Driving (6 months ago)
Hi, how stressful do you find spreadbetting on a daily basis? Do you have a full time job outside of spreadbetting?
Ding Bat Driving (6 months ago)
Yep, that's what I meant. I suppose some of this comes down to greed.
Chris Chillingworth (6 months ago)
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.
Ali Salam (6 months ago)
Very honest assessment ! Well done on yr path to long term victory
Chris Chillingworth (6 months ago)
Thanks Ali.
danzi333 (7 months ago)
I’m on year two of trading and can tick those three mistakes off the list :)
Chris Chillingworth (7 months ago)
We've all been there I think.
Mr Matthews (8 months ago)
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.
Chris Chillingworth (7 months ago)
Thanks man. Chuffed you are getting some value from the vids. :)
James Cathode (8 months ago)
How do I join the discussion forum?
Chris Chillingworth (8 months ago)
https://www.facebook.com/groups/tradingthetrend/
M Hill (9 months ago)
I feel you bro :) i've been there myself... shorting US indexes from my phone lost 9 k ! in a day I was suicidal !
Chris Chillingworth (8 months ago)
Ouch. Expensive lesson, but theres a positive in there as well. We wont make that mistake again.......hopefully.
compauk (9 months ago)
really helpful, thanks chris
Chris Chillingworth (8 months ago)
My pleasure
Rikko Ggg (10 months ago)
quality where where are you based in UK ??
vimal bhojwani (10 months ago)
Thanks for your honesty dude!
Chris Chillingworth (8 months ago)
Pleasure
Mauro Poletto (11 months ago)
Thanks for sharing this.
Natha Cooper (11 months ago)
Chris, thank you so very much your honest candor. This was 10 minutes, well spent. I appreciate your videos & their content.
Gian Volante (1 year ago)
Chris Im new. Cfd or spreads?
ValleyCarpers (1 year ago)
I've had this and I actually stepped away from trading, but recently got back into it. I'm not taking more time with trades and just setting my self of a target of £300 a day so far this week I've made over £4000. I know this is just luck but the trades I put on I know I could afford
ad kest (1 year ago)
Honest review about learning yourself better. But I can say that most newbie traders have these problems before becoming profitable as a trader.
Fai fatama (1 year ago)
Hi Chris I have sent you 2 mails on your website requesting info, with no reply. Could you please check and reply. thanks Alf
jonathan yoakum (1 year ago)
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
Ambassador (1 year ago)
the market is a beautiful teacher
Emmanuel L (1 year ago)
Thanks Chris! very insightful!
Chris Chillingworth (1 year ago)
Thanks man
Oliver Olonan (1 year ago)
Common experience of Traders :)
Reverence Media (1 year ago)
Quality video, don't find many people posting videos on spread betting, I'm glad I found your channel. You don't pay taxes on spread betting profits right?
Reverence Media (1 year ago)
Chris Chillingworth Thanks, I've been looking at spread betting due to the low deposit you need to start trading, so many people trading NASDAQ and the high volatility/liquidity/volume seems like the most favourable way to go. Added bonus that's there's no taxes on profits 😊
Chris Chillingworth (1 year ago)
Absolutely. Pretty much every market you can think of. I use IG.com personally.
Reverence Media (1 year ago)
Chris Chillingworth Awesome, also can you spread bet against NASDAQ listed companies? And what platform are you using?
Chris Chillingworth (1 year ago)
Thanks. Yeah, no taxes to pay on Spreadbetting.
Yamkela Njikelana (1 year ago)
Great video.
Chris Chillingworth (1 year ago)
Cheers Yamkela
kanulondon (1 year ago)
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.
Chris Chillingworth (1 year ago)
Thanks man.

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