October 6, 2008
By: Lisa
The player will show in this paragraph
Profit: $9,709.00
Today is Monday, October 6th, 2008.
Last Friday, October 3, we told you to watch USD/JPY for a potential short opportunity.
So, we entered an order to short 4 standard lots of USD/JPY in 2 groups of 2 lots.
The first 2 lots executed @ 104.52 and the second 2 lots excecuted at 104.47 ---
the market was so crazy that we took profits on 1/2 of our position at 102.88, just a couple of hours later, for a cool $3200 dollars.
Then we moved our trailing stop to protect our profits on the 2nd half of our trade. But we kind of messed up and moved the trailing stop too close, and wound up stopping ourself out at 103.32, but still, we made another 2200 dollars!
Because we messed up by moving the trailing stop too close, and because we believed there was still more room to go, we entered another order to short 2 lots at market, executing at 103.21. This time we set the stop loss at 103.76, just to make sure we didn't get stopped out too early again!
Then this afternoon, our trailing stop closed out our position @ 101.04.
Our total profit today? -- $9,709...
So, what's in your wallet?
