"Bets and the City" by Sally Nicholl

   Just finished reading "Bets and the City" by Sally Nicholl, which I would heartily recommend for anyone interested in Spread Betting or trading in the financial markets. Like any book dealing with a slightly technical subject, it takes a while to get going as the intricacies of getting set up are told. The author manages to keep it interesting though with flashes of her life outside the computer room.

   There was one section that particularly piqued my interest. The author was meeting some City Hotshot. He gave advice which I think should closely match what I'm trying to do on betfair:

"His hedge fund has $30 million under management - that makes it relatively small - and it aims to make a profit of 1% per month, which compounds to 15% per year. He works with 3 colleagues and between them they open or close an average of 3 trades per day."

   Focus, Rule#1, Zulu Principle. - Keep it tight, and don't lose money. That is the order of the day.