The smallest CFD contract you can get is a Mini Contract, even the smallest possible contract e.g. 1 Mini Contact on this current short trade would have netted you around $2000!
Trading the SPX market index, we use CFDs (Contracts for Difference) The CFD is a great product for trading long or short and the Indices have high leverage component. The Elliott Wave theory and the TradingLevels concept were very helpful in seeing a variety of different trade set-ups. (I suggest watching the previous Video below)
SP500 Daily Chart (Chart 1)
Elliott Wave Count and Analysis
Intermediate Wave (3) was called in two days ago and Wave (4) the 38.2% retracement level is at 2300.
SP500 100 Tick Chart
Elliott Wave analysis on the intraday detail. The green lines are the basic short trade triggers. We are now working this micro degree of structure and will be looking to short certain rallies.
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Pete, I don’t know how you’re doing it but your ability to pick the fall of last night/this morning is impressive. Just wanted to say keep up the good work and looking forward to the latest ASX200 video! Cheers, Daniel B. VIC
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Hi Pete, I HAVE CHANGED from a person with very little experience or knowledge of the stock market a few months ago to pretty much being taught the essence of the market by a market guru (you). I call you Grand Master Pete. Lee M. WA
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