Posts Tagged position trader
The USDCHF trade I put on a few days back woke up and shot up this morning. I left my 50 pip trailing loss and it gradually ticked up... if you look at the graph, you'll see that I got out early once again (most frustrating!) but this time I stuck with my plan and didn't touch it. The market touched 10400 but when you're spreadbetting the spread can work against you. My stop first got to 10251 and then 10352 when the market was at 10400 or so and then came crashing back to hit my stop before mo
June 10, 2008
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Ok, I've gone long on the USDCHF at 10251 with a trailing 50 pip stop. It's 20 pips up so far but you never know what happens to the market... if I close now and bag 20 pips I may feel fab but if it shoots up more, I'll kick myself. However, if the profits now turn into a loss then once again, I'll kick myself.... basically you can't win! You just have to stick to a gameplan and hope for the best.
The previous Forex trade I made on the NZDUSD was like that, I could have taken a 25 pip profi
June 9, 2008
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Unfortunately the NZDUSD trade didn't work out.. I got stopped out for -50 though at some stage, I was 25 pips up... oh well!
June 9, 2008
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