(AI video summary)
Previous FTSE 100 trading results
In this week's “Trading on Trends” video, Axel Rudolph looks back on past trading decisions and shares new trading ideas. Let's take a closer look so that even those with little trading experience can understand it.
In early January, he made the trading decision to short the FTSE 100 index by around 7,667 points (meaning he was betting that the price would fall). In reality, the index could have fallen even further, resulting in a gain of about 250 points. If you haven't closed out your short position yet, he suggests that now might be a good time to do so, as the index is likely trending higher. However, the final decision is yours.
Last week's sugar futures trading results
Turning to Rudolph's trades from the previous week, he shorted sugar futures. He was expecting the price to go down after a certain pattern, but unfortunately the trade did not go as expected and he was stopped out (meaning the trade automatically ended because the price went against him). means). This situation highlights the importance of setting a stop loss to help protect your funds when a trade does not go as planned.
This week's trading opportunities
Now, Rudolph presents this week's trade idea. It is long (bet that the price will rise) Arabica coffee futures. He believes the recent price drop is just a temporary setback in the overall upward trend. He suggests buying around 186 points, as Arabica coffee futures are on a slight pullback.
To manage the risk of this trade, he sets a stop loss (an order that automatically closes the trade if the price reaches a certain level) below the January low of 174 points. It is recommended that He has set a goal of rising around 204 points.
