Wednesday, November 19, 2008

Risk free and some locked in

With equities having broken down and closed at a new low, this trade seems to be working pretty well. It has been up by 95 pips, but I've moved my stop just down to the entry point. I want to try and avoid killing the trade by trailing too closely.

Current open equity: $275.55
Starting equity: $222.32
Current position: Short 4,275 USD/JPY at 96.63
Current exposure: Locked in +$17.32 or +7.79%

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