Trade #6: Profit Target Hit

May 5, 2008 23:01 by JEB

AUD/USD took off today and hit my profit target, causing me to exit two-thirds of my position.  The pair continued on well past my profit target, so this is a case where my old position sizing strategy would have resulted in a higher profit than my new strategy, but I'm happy with the profit that I was able to bank.  I've moved my stop up to below the low of today, which is a bit higher than my breakeven point.

Digg It!TechnoratiDel.icio.usStumbleUpon

Be the first to rate this post

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
Tags: , ,
Categories: Discretionary Trading
Actions: E-mail | Permalink | Comments (0) | Comment RSS

Related posts

Comments

Add comment


 

  Country flag

[b][/b] - [i][/i] - [u][/u]- [quote][/quote]



Live preview

September 7. 2010 11:08