@TrendFollower regarding your question and why you don't see why I can't take along position on a small priced stock.
If it was a guaranteed move (which we all know there are no guarantee's) then sure, i could go long and take a profit at the end, but they don't always move. This is why I would only commit if a suspected price change was imminent; News catalyst. Also the main thing to consider is the cost of the spread is proportional to my stake. Some I have tested to be £50 under before i can even consider profit. It's simpler to buy the stock.
My reason for what I'm doing is actually an income. This isn't to be a part time gig. I discovered Ross Cameron from Warrior Trading. Turn $583 into 100k in 90 days. I was watching a few smaller cap stock while using the demo a few weeks back and had some great success, with Motif Bio, Cadence Minerals, Sirius Min and a Shanta Gold and a few others.
The thing with spread betting on low price stock is that if it's not moving or has such low value the Spread can be as much as the cost of the stock. For instance, If I bet 1k on a £2 stock with spread betting, the Spread may be as much as £1, plus If i bet £100 per point then I'm already £100 under. If the stock moves only 50p then I'll still be in the red. Not only this, I'll be very much under to start because of the Spread applied. However, If I simply Buy the stock, I pay £5!
But Spread Betting is a different Beast. I didn't actually know what It was and that it was in the UK, Ireland and Canada only. (not exhaustive)
I've got to take my whole understanding of what I'm doing back to the table. In the meantime, this is what i want to achieve, regardless of how I achieve it.
Trade for 2 hours a day and create a 50k per year income.