By Rob Colville on July 1, 2015 in
Always wondered how to trade the FTSE100 profitably? Look no further! You will soon see the exact steps we took to identify the technical set-up supporting our sell bias, in addition to managing the trade by keeping the risk low and the profit potential high!
What many new Lazy Traders soon discover is that thanks to the universal power of technical trading, we are able to trade all asset classes in exactly the manner, interpreting the story of price action based on what the chart tells us rather than the preconceived ideas we may have.
From the few minutes we take to trade a day, we seek exactly same price-action set-ups on the daily and weekly timeframes regardless of what we are trading; whether it’s currencies, stocks or commodities. No matter what the asset class is, we have the same rules for entry, manage the trade and “take profit” targets. Yes, we just love to keep things straigh forward!
The FTSE100 sell set-up was identified on the 24th June and our orders were then placed with our broker the very next day. The trade lasted for just 3 trading days before hitting our profit target, gaining us a 7.9% gain return on our fund.
How would you feel if could trade just one strategy which you can use on currencies, indices and commodities on just one timeframe?
That’s the way of The Lazy Trader – keeping things simple, laid back and fluff-free.
Our How to Trade the FTSE100 trade demonstration (see video above) is merely one example of how we can apply exactly the same set of rules in pinpointing the trade set-up, managing the trade when it’s triggered, knowing precisely when to exit the market and take profit. Simple.