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{edit this was a sim trade for the thread fundamentals for new traders which ended up here thw an error on the screensnap ultility - no cash trades today.}
We have closed out on one contract are holding the second.
(This is called "scaling out" of the trade as opposed to all-out at one price.)
We have adjusted the sop on the second to the cost price 1589.75
You scale out if you believe the setup is still valid but you are concerned that the price action shows weakening.
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Last edited by aquarian1; May 2nd, 2013 at 06:30 PM.
The following user says Thank You to aquarian1 for this post:
Breakout means a breakout is likely that is > 1614 and your estimated high is only 2 points lower.
You needed to buy below 1600.50 for 12PPP and that wasn't possible with the low 1605.50 @8;30
You need to sell above 1615.50 but that violated the buystop of 1614 as you never sell above your buystop.
So the rules say-
GO BACK TO BED
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