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Medusa Mining Ltd (ASX: MML) Trade Signal Update 6 June 2018

Medusa Mining Ltd (ASX: MML) Trade Signal Update 6 June 2018

ASX-MML-Trade-Signal...

Medusa Mining Ltd (ASX: MML) Trade Signal Update 6 June 2018

We recognized the sideways pattern as being corrective (continuation pattern). To confirm this, is the volume as corrective pattern unfolded on lower volume compared to the previous trend up.

Our entry was 0.57 and the stop at 0.53 and the target at 0.65 which is a Medium Level in regards to our Trading Levels concept. And, I would expect a corrective pattern across the 0.65. I also understand that this market can move above the 65 Medium Level however I don’t need to get caught up in the next corrective pattern across this level.

So we will be exiting this trade at .65 probably today.

MML-Trade-Signals-Up...

With a $25K the risk would be 1% that is $250 so that is the risk for this trade and the next important aspect is the Position Sizing and our CFD Portfolio has an CFD Calculator that tell us the amount to buy, which is 6,250 share CFDs

The Risk vs Reward in this trade is $250 risk and $500 reward double the risk was made.
TIP: One of first tactics in trading is half the 1% risk so moving the stop loss early in the trade can halve your overall losses!

MML-Trade-Signals-Up...

The CFD Benefits

The CFD Portfolio tells us the deposit Margin is 25%
The other interesting point here is that if you were to buy straight Shares it would cost you $3,562.50 but with a CFD it would only cost $890

MML-Trade-Signals-Up...

 

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STOCKS: Australian

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CFD Trading Education, Stocks, ASX Share CFD Trading

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