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: $400 minus broker provision
There is not big secret what I liked and took OPHT. On daily time frame we can see triangle pattern with wish to break up on third try. It is very clear on entry chart. Also we can see that OPHT have own way and that mean OPHT don’t care much about market action. It is always great to find that kind of chart. We took it at Wednesday with $54.50 entry price. Idea was at least $60 area but I know that OPHT have more room for upside action. I decide to close it at Friday at $59.50. It is not at $60 and yes it has more upside room. That is my personal decision and that is what we all must to do, to make own decision. My reason is weekend in front of us, very whippy market with uncertainly direction. Since pace is good I will continue to watch for possible future consolidation and pattern. With other words I was like to close really great reward and great profit. OPTH trade must at least cover four negative trades and that is good way to be successful.
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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