Were actually going to update on the Antofagasta trade mentioned a couple of weeks ago, those who followed this would have done very nicely as just a couple of days after the post, prices bounced off the 7.64 level as expected!
Only a small stop was needed and the trade was well into profit by the following day, how much could you have made from this trade considering the risk and the 80 point move that followed it. Ok no one is going to capture all 80 points but now your sitting pretty in a zero risk trade if your a position trader or you banked some nice profits if you prefer the short term.
Thanks to Sharescope for the image
Either way the simplicity of this trade is also the beauty, and the low risk involved is just icing on the cake. If you are interested in learning to trade like this then contact us today.