Now that the trade has been up by nearly 3 times the amount of pips originally at risk, it makes sense to go ahead and move the stop to the entry point.
Current open equity: $364.50
Starting equity: $290.49
Current position: Long 3,822 AUD/USD at 0.6319
Current exposure: Locked in $21.79 or 7.5% of starting equity.
Monday, November 24, 2008
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