You may have heard the term whipsaw loss but you may be at something of a loss as to what it means. It means a loss that you suffer when you’re trying to enter a position and your newly-opened position stops out at a loss because the price goes the wrong way.

The average client lifetime for a spread betting company seems to be just 6 months. By these standards I am positively ancient…

I don’t know that you’re losing at spread betting, of course, but it’s a fact that most spread bettors do lose money. If you are one of them then you need to avoid some of the psychological traps we will highlight in this feature.