Risk 3% on the pair.
Target 10% return.
If the spread closes then the maximum gain is 21%.
The next step is to plot the ratio graph of these two (NEM/GDX) and make sure that is turning up.
I like the way NEM is acting here relative to the group and to the stock market.
Go long NEM and go short GDX. The profit is in the performance difference between the two. You only make money if NEM moves up more than GDX. The key is to put equal dollars into this trade.
Cheers.
Tim 11:32AM EST, Tuesday, March 4, 2014
Target 10% return.
If the spread closes then the maximum gain is 21%.
The next step is to plot the ratio graph of these two (NEM/GDX) and make sure that is turning up.
I like the way NEM is acting here relative to the group and to the stock market.
Go long NEM and go short GDX. The profit is in the performance difference between the two. You only make money if NEM moves up more than GDX. The key is to put equal dollars into this trade.
Cheers.
Tim 11:32AM EST, Tuesday, March 4, 2014
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.