Quote from usman88:
dang....entered at much lower rate than ideal
entered shorts at 49.80 SL 50.40
@xty
you are rite but I believe we will easily break that level. The trades I post here are usually the ones which i make for my big account and are usually swing trades with target of 60+ cents. I believe risking 5-10 cents for such rewards is totally sound risk management.
I am btw a daytrader and easily make up for these stop losses on my day trades, which are for 10-20 cents and which i dont post here