February 4, 2009
By: Stephanie
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Our profit for the day? A cool $1,000 even!
Let\\\'s review our trade action from today...
We were short EUR/USD. The price fell just as our trading method predicted. Our Take Profit triggered on one of the lots at 1.2864 giving us a profit of over $1000. Unfortunately, the price reversed not long after and about 3 hours later our trailing stop got hit. This still gave us a profit of almost $800 on the second lot.
Our AUD/USD pair behaved similarly. Our first lot Take Profit closed out with a profit of over $1,100, but then the pair reversed, closing out our trailing stop on the second lot with a modest profit of $80.
The 2 lots we were short on GPB/USD didn\'t do so well. The price went against us from the beginning, and by the end of the day had closed out due to our original Stop Loss. That gave us a loss of $2000. But thats why we use Stop Losses on our orders. To protect us from risking too much money on any one trade.
Our profit for the day? A cool $1,000 even!
Thats our trade review for today! Check out our Angel Pair Picks to see what we will be trading for tomorrow! Good Trading Guys!
