YM Magic!
- Thread starter TheTrue1
- Start date
TRADE 14 CLOSED. +602
You never set the profit target and stop loss in this trade. The draw down for this trade will be more than —1500 in one time (before the fed announcement on Tue/Wed), so you are risking 3 time more than your profit target?
The only explanation or common cheating in internet trade posting is NOT have any stop loss, and sit and wait until the trade turn profit (if the market eventually turn to you desired direction). The worst is if the merket never go back to your direction, you just disappear from the posting (paper money, you don't care and you only need to create new alias change in your next posting) . This is OK as you are not the first one do this trick in internet.
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Again, no indication when this trade has been entered, nor the stop loss and profit target on this trade.
Good morning Galvinlee888! My entry on trade 15 was 20829@10:51am. 5 contracts. The low for the session was 20806. Max loss of 23 points. Though I don't think the market dipped below my entry price during the time I held the position. I exited the trade at 12:34pm. Before the fed announcement/release. Didn't have to hold it until it became positive. It was hardly ever negative. A check of the market during my trade duration will show this. As for the stop loss, I was extremely distracted that day. This week for that matter, due to personal medical issues. But I know how to close a trade without a stop loss. Just as I know how too close it at a profit target without a limit order. Though I do highly recommend the use of them and normally always use them. If anyone suffered a loss on yesterday's session, they were simply not in tune with the market. I must go now. Market opens in 3 minutes. Will explain more later...
CORRECT
ROFLMAO. That is funny. Why doesn't mr galvin galvinize himself to show us how it is done correctly. He just might win 8 BE 8 and Lose 8. ROFLMAO!