Tuesday, 10 December 2013

This particular trade was closed at breakeven.  After identifying the opportunity and getting a great entry the position went my way in a big way, but I held too long and an economic report caused a sharp rally in the Dow alongside a sharp fall in the Australian $ - I got out with no profit.  The lower part of the chart below shows the gains in the position got up to $1350 at one point before reversing;

If you see a decent gain quickly - it's best to take it, but that's what this is about, seeing what is and isn't realistic from these types of trades.

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