Trade of the Week: The AGA Saga

Q: How do you know when the British economy is picking up?

A: When people start buying AGA cookers again.
And according to the AGA Rangemaster price chart (courtesy of InterTrader) shown below, they have!

The Aga Saga Chart

The nominal £1-per-point trade below shows how much money you could have made (so far) per £1-per-point stake if you had “invested” at the low point and held as a position trade. Obviously a £100-per-point stake would have led to a much higher £4120 profit.

Aga Saga Trade

But we can’t let those profits slip away from us, which is why I now have a guaranteed stop order on this nominal trade (and on a bigger similar trade elsewhere) at the 79.4 price level. So now it’s a guaranteed winner 🙂

Two Steps to Better Spread Betting:

1) Buy the Better Spread Betting Book
2) Sign up with Capital Spreads, IG, ETX Capital, or Spread Co

Disclaimer: this posting is for general education only; it is not trading advice.