Saturday 28 December 2013

Trade 1: BUY FTSE


This is a trade that I am currently in.

I bought the ftse 100 at 6552 on 19th Dec 2013. The picture above shows the current status of the trade today.
At this time of writing the trade is approximately 200 points onside. Even though I have a take profit in the chart above, I tend to not actually use the take profit trigger. I will only close the position if I believe that the uptrend is no longer valid. I have moved my stop loss to 6600. This means that no matter what happens, I will be able to bag myself some profit.

I'll let you know when I close the trade and take profit. In the meantime, good luck with your trading.

The Trainee Speculator

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