AUDUSD (Closed)
Trade Management
- Stop-loss to breakeven
Journal
- Similar scenario to GU on this trade, we were taken out at breakeven which can be seen as a positive as we got the direction wrong.
- We would be sat in a 2% drawdown and despite not hitting stop loss at least capital is being protected which is very important in my style of trading.
- Again like GU we were sat in nice profit roughly 4% on this trade at one point so looking back at this trade the smart thing to have done would be to look at bringing SL deeper into profit as we dropped.
Moving Forward
- I'm going to study and research strategies of where to place stop losses as the trades are running in desired direction.
Result
- 0%
- Stop-loss to breakeven
Journal
- Similar scenario to GU on this trade, we were taken out at breakeven which can be seen as a positive as we got the direction wrong.
- We would be sat in a 2% drawdown and despite not hitting stop loss at least capital is being protected which is very important in my style of trading.
- Again like GU we were sat in nice profit roughly 4% on this trade at one point so looking back at this trade the smart thing to have done would be to look at bringing SL deeper into profit as we dropped.
Moving Forward
- I'm going to study and research strategies of where to place stop losses as the trades are running in desired direction.
Result
- 0%
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.