Devising a strategy

Darquan

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I plan to trade the DOW predominantly and then expand to other indices trading very short time frames particularly the first and last hour of the day.

I will only bet on downward movements the DOW using CFD's, if it goes down 100 points i will move my stop loss so that i cannot lose money and then put in another downbet so that i build a pyramid.

Should it moves up 100 points i would write a put option for this so that the option covers the loss from the upward movement.

Would CFD's and regular options be the best derivatives for this strategy and does it have a name?
 
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