Thursday, November 24, 2011

Stopped out last night

Well, as I mentioned yesterday, I was not wholly convinved there woudl be a massive move upwards, and thought I would put my Stop loss at Break even as quickly as possible. Good thing I did, as the trade woudl be in quite a bit of draw down.

Out of the trade with zero loss and zero porfit - my Break even was set at the entry price of 0.91988, so a good result in the end. The max profit I could have acheived would have only been about 4 pips, so it was a bit of a speculative trade that did not quite go to the 20 pip proift I was going after.

Happy trading!

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