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.
About the Author
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company. After learning Japanese analysis techniques, Peter moved to Sydney where he worked for various brokerage houses, furthering his practical knowledge of derivative markets.
Extending his passion overseas, Peter travelled to Britain where he studied both the UK and US markets. When Peter returned to Australia, he updated his qualifications and went on to write and deliver advanced trading workshops for global leaders in foreign exchange and derivative trading, including CMC Markets, City Index, Invast and others. As a well-seasoned trader, with an aptitude for investor education, Peter obtained the necessary licences to establish TradingLounge and offer education and trading support to traders and investors.