PORTFOLIO ALERT – ALIBABA LONG POSITION ENTRY

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Following the same strategy of longing the online retail sector before holiday seasons and the explanation is the same to that of Amazon long position we have opened.

Position is a LONG.
Entry rate 277$.
CFD contract (1lot = 100shares ).
Position size 10 lots = 1000 shares
Position value is 277$*1000 = 277,000$
Margin requirement is 5% from position value i.e 13,850$
Free margin 5,540$ to hold 2% stop out.
Stop out price 270$
T.P at 365$
Spread of 95$
EST profit calculation is 95$*1000=95,000$
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