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Chart 1.4: FTSE to end down >50
ОглавлениеOf the three bets I am looking at this was the pick of the bunch.
Why?
Because it went all the way to 100 and it was cheap to buy! It cost 11.4 and went up to 100 offering a return of 777% on the amount at risk
In fact I generally prefer bets like FTSE cash low to be <-100 because as soon as FTSE hits that level (i.e. sees a low more than 100 points below the prior close) the bet expires at 100 and the profit is secured. A bet FTSE to finish… is always less certain as whatever FTSE might do during the day, its actual close is always uncertain. For example FTSE may go 100 points down and then close 10 points up.
For this reason I am more prone to take profits on these bets at some point during the day – especially above 80 (on a bought bet). I see no point in risking 60 odd points of profit just to try and get 20 more and this is especially the case as the close looms.