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Z is a Paddy Power employee. He spent 10 years being something small in 'the City' before moving to Ireland and has been trading spread bets, on and off, for the last 4 years.

Right now Z is trading occasionally with the aim of supplementing his ‘day-job’ income. His current trading strategy means he tries to:
a) trade just one market (the FTSE)
b) make relatively few trades
c) make lower-risk trades
d) not let the sleep-loss caused by his new baby girl trash his judgement
 Cable Tumble And Gustav Calms
Posted by Z on September 2, 2008
Category: Uncategorized, Economics, Shares & Indices, Currencies, Market Watch by Z Comment

Sterling got a spanking from Alistair Darling yesterday and dropped to its lowest level ever, 0.8139, against the Euro and 1.7966 against the dollar. Darling’s comments, that times are “arguably the worst they’ve been for 60 years” sent Downing Steet into firefight mode as they tried to undo some of the damage. However with UK mortgage approvals down


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Groundhog Day For Financials
Posted by The Mole on July 29, 2008
Category: Uncategorized, Economics, Shares & Indices, Market Watch by The Mole 4 Comments

A sober day in the drunk tank of Wall Street for financial and auto stocks … again. Merrill Lynch led us down (12% on the day) after announcing a surprising $8.5bn share offering and further write downs of $5.7bn. Singapore’s sovereign wealth fund Temasek


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 See-Saw Days
Posted by The Mole on July 9, 2008
Category: Uncategorized, Economics, Shares & Indices, Currencies, Market Watch by The Mole 4 Comments

Oversold U.S. stocks rebounded yesterday led by financials after a regulator said giant U.S. state sponsored mortgage agencies Fannnie Mae and Freddie Mac wouldn’t have to raise more capital, influential J.P. Morgan CEO Dimon


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 The Inflation Genie
Posted by The Mole on July 2, 2008
Category: Uncategorized, Economics, Shares & Indices, Market Watch by The Mole Comment

‘Roller coaster’ price action days such as yesterday are indicative of the battle between slowing growth and higher inflation. And there’s no relief in sight.

Yesterday’s U.S. ISM (a purchasing managers survey) came in a tad better than expected but as always the devil was in the detail.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Déjà vu
Posted by The Mole on June 20, 2008
Category: Uncategorized, Economics, Shares & Indices, Oil, Gold & Commodities, Market Watch by The Mole Comment

More trouble for embattled financial stocks yesterday with the news that Citibank’s CFO expects more substantial more write-offs in Q2. On top of this, rating agency Moody’s added to the rising tensions as we head into half-year-end by removing


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Deep Purple
Posted by The Mole on June 16, 2008
Category: Uncategorized, Economics, Shares & Indices, Currencies, Market Watch by The Mole Comment

Made In Japan
The G8 meetings and their communiqué have in recent years become a byword for blandness and stating the obvious. This weekend’s damp squib was no exception, with no Smoke on the Water. So, with no mention of a strong Dollar, those who placed bets


Z is a Paddy Power employee. He spent 10 years being something small in 'the City' before moving to Ireland and has been trading spread bets, on and off, for the last 4 years.

Right now Z is trading occasionally with the aim of supplementing his ‘day-job’ income. His current trading strategy means he tries to:
a) trade just one market (the FTSE)
b) make relatively few trades
c) make lower-risk trades
d) not let the sleep-loss caused by his new baby girl trash his judgement
 And The Winner Is …
Posted by Z on March 5, 2008
Category: Uncategorized, Trade Diaries, Don't Miss The Post - Blog Competition by Z 5 Comments

Our fantabulous Six Nations Rugby comeptitions have come to an end.

For reasons of anonymity we aren’t actually listing people’s names. However the lucky ‘new customer’ winner is Jason from Hull. Jason gets tickets to England Vs Ireland on the 15th March along with the travel, hospitality and the works.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Faint Heart-No Weetabix
Posted by FT on March 4, 2008
Category: Uncategorized, Trade Diaries, Currencies by FT 8 Comments

Yesterday’s banking sell-off provided me with my ‘buy on weakness’ opportunity, and I bottled it. In fairness, I’d have needed to be in and out quicker than Britney in re-hab, but that’s what pays for the loo rolls and Weetabix each month.


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