Trade Signals Update NYSE: ABX - Profits Triple plus - 7 November 2018
Lets look at one of our current open CFD trades Barrick Gold Corp NYSE: ABX 300% plus profit already
Barrick Gold Corp (NYSE: ABX)
7 Oct 2018
Long CFD Stock Trade
Trade Entry Date Open: 2 Oct 2018
Entry Price: $11.23
Initial Stop 10.71 (has been since adjusted to a trailing stop)
Risk 1% is $250
Current Price 13.20
Current Profit $945
ABX has been in a down trend for two years from 23.47 to 9.53, so buying near the current low requires understanding.\
TradingLounge Members bought at 11.23 and the current price is around 13.20 netting about $945 with a $250 risk
During October in the down turn we had about a dozen short trades which we have been closing out, but at that time I wanted to positively hedge some of the short exposure and going long with ABX was part of the overall trading strategy.
Members get trades like this regularly. CFD trading means less up front investment. TradingLounge always promotes rigorous risk management with these trades calculated to use $250. Depending on your account size, you can always buy more as long as your risk is controlled.
$1 for a 20 Day Trial Membership to see for your self!
NYSE, Elliott Wave, technical analysis, NYSE: ABX Elliott Wave, SPX Elliott Wave, ABX Elliott Wave, NYSE Elliott Wave, Elliott Wave technical analysis,
Thanks for the photo by Frank McKenna on Unsplash.