|
03/11/03 - Profit: 5pts
Student Note: I made a mistake with this trade. I
originally made the trade
at 11.57 as a System 1 trade. I
wasn't sure of the trade at the time so
I used an OCO order which
stopped the trade out at 14.53 with a 21pt
loss.
But as I now knew
it had developed into a System 2 trade, then all
I had to
do was
double up my stake
and place a SELL order at 18.04, and
then close it manually at 20.40
with a 13pt profit. As the trade stake
was doubled I
ended the day
with a 5pt profit instead of a loss. This
would the only time that you could use both a System 1 and System 2
trade
in the same day.

|