This is very early in the morning but take your pick from one of these:
FTSE to close down > 30 pts @ 7.5
FTSE to close down > 50 pts @ 4.0
Long day...
27 May 2008
Far Out Trades
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These two crazy trades are already in profit!
ReplyDeleteD>30 is at 22
D>50 is at 13
This is because it is still early in the session. They are still very far out of the money, so keep an eye on their own charts as any upswing in the FTSE will bring these prices sharply down.
There's profit here, so don't lose it!
Keep your eyes on the charts.
ReplyDeleteCan take these now
D>30 @ 50, profit 42.5, nearly 500%
D>50 @ 35, profit 31, nearly 800%
Not so crazy, huh?!
I did say keep an eye on the charts!
ReplyDeleteMy own exit points were pretty close to perfect. Now both trades are worthless. Yeah, hindsight is wonderful, but in this case it wasn't needed.
Just to prove why I never hold on to trades until the official settlement.
ReplyDeleteAnybody insane enough to have held on to these two trades would have had a lazarus moment during the settlement period. The FTSE dumped some 15 points and the Down>30 contract closed at 100! But hold on! One minute later, at 16:36, IG Index must have taken the official close figures and in a puff of smoke killed the contract back down to zero! Never trust those few minutes after the close. Especially as I don't particularly trust the basis on which IG quotes its prices for the binaries.