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Sam@ezeetrader.com

One trade taken today and a discussion on targets – Fridays live trading

Welcome to Friday’s live trading. It turned out to be a relative quiet day with the euro only moving 30 pips in range all day. During this morning I was discussing targets on a specific strategy that I have been working on for sometime and have recently completed some back testing analysis. I would be interested to here your views in the options discussed.

2 Comments

  1. Myles Reilly Jnr-Reply
    January 22, 2021 at 9:46 pm

    Great question, and i don’t know haha. I think if your happy with your account size, and you take off half at 1/1 its a nice place to be psychologically. But because some trades can run a long way, If you take off half you reduce your gains on some of the larger moves. So i think mathematically you would do better by not taking off half, but if you feel more comfortable doing it, thats fine too. Probably depend on the strategy aswell. Just my best guess keep up the good work! cheers.

    • Kym Watson-Reply
      January 22, 2021 at 10:51 pm

      Hi Myles, there is no real right answer of course, it is dependent on the trader. If it is more comfortable and you can live with less profit taking half at half way is probably a nice place to be for many. For many, just making a profit is a good start though! Best wishes Kym

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