How to trade for a potential 15% return on BP

BP's share price has settled down since the Deepwater Horizon disaster. But it is still volatile. And we can use that volatility to make a profitable trade, says Bengt Salensminde. Here, he explains how.

I've said it once and I'll say it again: it's vital to have an exit plan in place before you open a trade.

Today, I want to show you exactly what I mean by showing you a trade that aims to net a 15% profit. In fact, I suggested this trade back in June and it made a handy 20% in just 8 weeks.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.