No trader can say this trade has zero risk – there is no such thing- but there are trades which hold zero speculation and Amazon long is one of them.
Germany, UK & Spain as well as Belgium and Greece, are in 1 month soft lock down and chances are that the US will follow suit, while Black Friday and end of the year shopping season is about to kick off and non essential businesses are closed and will be closed for the first week of Black Friday shopping. Frenzy shoppers have nowhere to go aside from the online retailers.
POSITION IS A LONG
INSTRUMENT – AMAZON CFD CONTRACT 1 LOT = 100 SHARES
ENTRY RATE – 3,004$
POSITION VOLUME 10 LOTS = 1000 SHARES
POSITION VALUE 3,004,000$
POSITION LEVERAGE 1-TO-20
MARGIN REQUIREMENTS 5% FROM POSITION VALUE 150,200$
STOP LOSS AT 2,950$
FREE MARGIN TO STOP OUT – 54,000$
TAKE PROFIT 3,160$
EST PROFIT 154,000$