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Seems to me a god close of the trade, as there is no loss to count. Super and shows your quality of decision making.
If you allow and I see the thread title: What would be a reason not to switch your position to long the moment you realized you had to act? Any TA reason or just following the rules you set to act as you do?
Symple
By the way: I had "Swissquote" today again on the phone. Asking them then to prove the answer from yesterday about this high margin. Answer: If the Dax has a down move of 10%, then this amount of margin is gone and so the value it as a small amount for the risk they think they have on their side.
well - ask Mr. Bürki (CEO) directly in his new diamond palace at the lake Geneva by phone. Then you get {no} answer. LOL - This is what I - in full respect - had tested myself. My proposed deal was not about my own account but to invest into his company a 7 digit amount. And if you have a look about when the SQ platform is down: exactly then when the markets are in stress. Of course SQ has never been held responsible for this.
addendum: I am client there since more than one decade...
I am placing ONE trade per day. To turn a trade would mean to have two trades...
As told - I am not sitting at the screen - so I have to place my stop loss level depending on the day. When it hits the SL then it is ok. When it runs until the fixed closing - then even better.
This made my system very consistent and I can see more positive trades!
Thank you for your information about "SQ". I have also dealt with the bank in the past, but this was of a different business nature and less with trading or investing in this company. But appreciate really what you just told me about this bank, as I really was surprised about what they told me and you proved my suspicions about certain thoughts. Thanks.
Seems like we Swiss have to stick together. when it comes to certain topics.
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About the reasons for your trading decision I asked for:
Clearly understood and even thought this must be the only good reason for you for doing so.
