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NizamInc
Apr 8, 2020 8:58 PM

Sell SPX500 4.12% gain Short

US 500Currency.com

Description

Today we saw a rise in stocks across the board due to the increase in crude oil price and tweets by Trump.

Risk:Reward ratio - 1:5.59

Good trade considering short time scale (17h) for a 4% gain.

Trade closed: stop reached

SL hit - 0.72% loss.
US Unemployment figures were released and 16 million people were made redundant (worse than forecast), yet stocks still continued to rise. The US Fed and their QE policy are artificially pumping up the market.
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