Trading
Did You Profit From BREXIT?
By Wealth Directions  •  July 9, 2016
  23rd June 2016 went down in history as Britain voted to be excluded from the EU. Same as the majority of people, I did not expected this to happen. However, more importantly, as an investor, I benefited from this news.     In my previous article, I shared about using the straddle strategy on GLD to potentially benefit from the movements of this counter. You may read the article HERE In summary, GLD was trading at $123.68 on 15 Jun 2016. The risk-reward analysis were as follows On 24th June 2016, a day after the BREXIT referendum, the price of this counter is as follows: On 27th June 2016, which is the 2nd trading day after the referendum, the price of this counter is as follows: From a quick calculation, we can conclude that regardless we exit trade on day 1 or day 2 post BREXIT, the straddle strategy yielded a ......
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By Wealth Directions
With the mission to help 1 Million Millionaires, Wealth Directions Pte Ltd aims to be the leading provider of Financial Education in Singapore and the region. We do not want to be just another seminar provider, but help create a closely-knitted community of like-minded people, who are interested in continuous Personal Development and learning, who believe in improving themselves in order to contribute back to the society at large.
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One response to “Did You Profit From BREXIT?”

  1. Yes,at this juncture, Gold is a safer bet at least for 2016 when the BREXIT impact is really felt. Now, it’s just a starting.

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