Quote taken from a marketing email sent to me last week.
I can't understand the stop at all...
How can the stop loss be below the price on a short trade??
Any comments appreciated?
START
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Welcome to the Weekly Market Update brought to you by Traders University
This complimentary newsletter will provide you with a no-nonsense approach to trading the markets, insights from professional traders, a trade of the week and an educational strategy to assist you with current market conditions.
TRADE OF THE WEEK - sponsored by LiveTradingFloor
{chart cannot be attached}
Hays PLC (HAY)
Technical Play: Consolidation Breakout – Short
Entry Price: 134.00 to 133.50
Stop Loss: 128.25
Target: 124.00
Strategy
Consolidation in a down trend fast gaining momentum. Decisive break below previous day's low signifies a continuation of the trend..
Performance
This stock has moved a total of 6.0% so based on a money-managed trade of 1% risk; your profit would stand at a 2.9% increase in eleven days.
Would you like to be alerted to trades like these BEFORE they happen? Register at www.livetradingfloor.com NOW, and never miss another great trading opportunity again.
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I can't understand the stop at all...
How can the stop loss be below the price on a short trade??
Any comments appreciated?
START
*********************************************************
Welcome to the Weekly Market Update brought to you by Traders University
This complimentary newsletter will provide you with a no-nonsense approach to trading the markets, insights from professional traders, a trade of the week and an educational strategy to assist you with current market conditions.
TRADE OF THE WEEK - sponsored by LiveTradingFloor
{chart cannot be attached}
Hays PLC (HAY)
Technical Play: Consolidation Breakout – Short
Entry Price: 134.00 to 133.50
Stop Loss: 128.25
Target: 124.00
Strategy
Consolidation in a down trend fast gaining momentum. Decisive break below previous day's low signifies a continuation of the trend..
Performance
This stock has moved a total of 6.0% so based on a money-managed trade of 1% risk; your profit would stand at a 2.9% increase in eleven days.
Would you like to be alerted to trades like these BEFORE they happen? Register at www.livetradingfloor.com NOW, and never miss another great trading opportunity again.
*************************************************
END