AUS200
Index: AUS200 (ASX 200)
Entry Price (Short): 7051
Stop Loss: 7122
Take Profit: 6698
Risk-Reward Ratio: 5:1 (5 for profit and 1 for stop loss)
Description of the short position:
Short Entry: You open a short position on the AUS200 index (ASX 200) at a price of 7051, which means you are betting that the value of the index will decrease. In other words, you are selling the index with the expectation that its price will go down.
Stop Loss: You place a stop loss at 7122, which means if the price rises to that level, the position will automatically close to limit your losses. This level is above your entry price and acts as a protective measure.
Take Profit: You set a take profit at 6698, which means if the price falls to that level, the position will automatically close to secure your profits. This level is below your entry price and represents the point at which you want to realize gains.
Risk-Reward Ratio: The risk-reward ratio is 5:1, which means you are willing to risk 1 unit of loss (if the price reaches the stop loss at 7122) to gain 5 units of profit (if the price reaches the take profit at 6698).
Please keep in mind that trading in indices and financial markets carries risks, and it's important to have a solid risk management plan and closely monitor the market to adjust your positions if necessary. Additionally, the information provided is based on data up to my last update in September 2021, so you should consider the current market situation and any potential changes in the AUS200 index before making a trading decision.
Trade active:
Trailing Stop to 7052