In summary, the weekly chart is not a pretty sight, it could get very scary if things dont turn shortly,
But then the daily may be offering a glimmer of hope, but that's only a 'may', we'll have to wait until say early next week to confirm this.
Weekly
daily - bigger view
daily - up close
Willbio, here's a couple websites that mention hedging using CFD's. I haven't got any book suggestions even though there's sure to be some around, but at least these will give you a brief outline of what its all about, hopefully they help,
One thing though that I've noticed is they always seem to suggest or use as an example you covering your entire long postion ie. 100%
In the real world that's not always necessary and I am quite often adjusting my hedge position depending on what level of preceived weakness that may be coming ie. 25% or whatever
I sometimes get it correct haha sometimes not but at the end of the day its all about protecting ones capital and if I manage to save a net cent or 10 here or there imo its well worth it.
but of course the use of CFDs or similar in inexperienced hands can be very nasty so please understand them fully, as always DYOR and speak to your financal adviser
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)