This counter has a possibility for some downwards pressure for the day.

 

Entry and Exit

With risk of 40 points, 10/40 = 25%

 

  • Rationale of Play
    This counter has a possibility for some downwards pressure for the day.
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  • Play is based on the following criteria
    • ML prediction for the day
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  • Remarks
    • Not the best time to enter on a Friday but seems a day trade for the downside could be possible. Keep to smaller position if possible. To be evaluated further on Monday for next week’s trades.


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Trading Using CFD/Shares

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  • Symbol: SPX (Last done: $2893)
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  • Entry
    • Order
      • Sell SPX
    • Validity
      • Shares Entry Price: Between $2888 to $2900
      • Entry on or before 15 Apr 2019 (Mon)
  • Exit
    • 1st Target: $10.00 decrease in Shares Entry Price
    • Subsequent Targets: Every $10.00 decrease after 1st Target achieved
    • Initial Stop Loss: $40 above Shares Entry Price
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  • Remarks
    • Consider moving “Stop Loss” to Shares Entry Price after hitting 1st Target.
    • It will be a bonus if the market rallies higher for shorts to be entered.
    • Aggressive traders can choose to enter at current market levels. However, 2893 to 2900 are preferred levels for entry.
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