Real trade example –
Risk: 0.5% per trade (something what is up to trader and this is only example)Example with 20k account:
$ risk: $100
Profit: $357 minus broker provision
We took HAL based on daily flag (consolidation) what we can see on daily time frame (entry) chart. On the weekly chart I saw 200sma resistance, but also I saw that if HAL will see it will be nice reward for us. That mean HAL had enough room for good reward trade. Risk was 35 cents and target was $46 area and since HAL saw that area (and more) we got nice result there with reward bigger than three and half. I think that HAL have more upside room, but also I know that we are in August and that swing trading is at this moment higher risk. Anyway, this is good example that August can be good for trading, just need to me more careful and more picky. Congratulation to all takers because HAL call was open for all traders in the room, free members and for all on network.
If you like to see more great examples please take a look on this link: http://xpertstocktrader.com/index.php?option=com_content&view=category&id=79&Itemid=475
Just click on symbol and you will get entry price and with exit price you can see why reward measure is very important for me. If anyone will have any question I will be happy to help and if anyone likes to learn more about that you can join us in to mentoring program and you can read more about that here: http://xpertstocktrader.com/index.php?option=com_content&view=article&id=101&Itemid=499
This is real example what we used this month. I think that is great education example. If you have any questions just hit reply. I answer all questions personally and I look forward to hearing from you.
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