COVID-19 Means Closing Out and No Trades For Now



There may be a break in our weekly missives due to the virus. We sincerely hope our readers are ok with their trades. There is no way to quantify the effects of this virus and it would be churlish to talk up the markets.

Stay safe, and for those not clear about trade 170– it’s a butterfly – a combination of a short spread and a long spread that amount to zero further liability. Yes we lose the premium paid   11, so that’s £110 for one complete lot, £1100 for ten, plus commissions.

Contact us if you would like any support, please. For now we remain sidelined, our accounts have taken a sizeable hit, even with huge margin for error, and margin.

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