MidKnight, I haven't up to now but that's a good idea. I'll look into this week coming week. Thanks!
Don't feel bad about today - be happy you took the stop at 121.89 and didn't wait any longer to get out!Quote from dejatrader:
7/20/07
1 Trade (1L)
Long USD/JPY
Entry: 122.100 @8:45 EST
Exit: 121.890 @9:56 EST
-21 points
Total P/L: -0.5 points
I tried going for a longer-term an bigger gain since most of my winnings are being eaten up by commission. So I gave the trade a little more breathing room on the stop, only to see the market go straight down!