Tactical Trade for Dec- Indices – S+P 500 – TESLA
As promised we will be providing our trading community with insights into the live trading portfolio @ 3Sigma Markets – a trading account managed by our 3Sigma Markets traders. We will keep you up to date with our trading views over the course of the week and months ahead, letting you know what we feel is hot right now and what we are looking to add to our portfolio of trades across all asset classes. Please see a portfolio up-date below covering a recently added Tesla trade for Dec 2020. We are of course trading this through a CFD – the US500
We have to stress that this is not investment advice and only our opinions.
Tesla Trade Idea December 2020
We sent out our Tesla trade idea on 15th Dec – looking to take advantage of the flow dynamics of a large company being added to the S+P 500 index. See a brief summary of the trade below and link to our website for the full details of the trade.
We have sold the S+P 500 (US500) @ 3,685
Stop loss on our short position @ 3,720(stop loss was slightly adjusted to 3.7230)
Buy back our short position into Dec 21st
Go long on 21st Dec at….
Read more>> http://bit.ly/2WkFqOg
The trade has worked to a degree so far, however we would have expected much stronger selling pressure to materialise last week and the ‘’risk off’’ move in the markets today has certainly helped – allowing us take back our initial short position @ 3,633 – giving us a profit of 52 points or 1.41%. We have stuck to our game plan and have flipped long today – we are long S+P500 (CFD – US500) @ 3,633. We will look to hold this position for the next few days, targeting a break of the recent highs @ 3,728.
We will keep our community informed.