With only 30-minutes left in the trading session, I think a short should wait until 1118.50 is taken out before a scalp that should result in an easy 2 points. resistance above 25.25 and 29.
Define doomsday. It is up or down? How many points it needs to qualify for doomsday? Btw, I expect 25-30 points down day very soon as well and I think we can start Monday 9:55. 200 Ema on rangebars it breaking out of trading channel, slide can be very quickly. If this qualify I am with ya... there will be a lot of profitable doomdays I hope
correct edit: In fact, plain CFD trading is NOT tax free ,although spreadbetting (which is what I do) IS. Most spreadbet firms offer both with various advantages and disadvantages.
With CFDs you can also go long and short in the same instrument at the same time, no need to flip... I think US laws forbid US citizens to open a CFD account abroad...My guess is for protecting the industry at home...although their justification is that they consider it gambling... Edit: I just read, it is also illegal in Canada... My guess it is also for tax reasons, because CFD brokers are not required to provide info to the US, thus a successful trader can make taxfree money and withdrawal is rather easy...
Spread bet firms for swing traders are a gift, wider spreads, but no commissions & no capital gains tax. It falls under gambling because you make a bet on direction, not buying or selling.