Question
You went short a gold futures contract two weeks ago at $1400/oz. The price is now $1350/oz. You want to gain on any additional down
You went short a gold futures contract two weeks ago at $1400/oz. The price is now $1350/oz. You want to gain on any additional down movement but still try to protect at least a $10/oz profit. What order would you place with your broker now?
| Buy stop 1370 | ||
| Short limit 1390 | ||
| Buy limit 1370 | ||
| Buy stop 1390 |
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
