Tuesday, August 11, 2009

A Bob Iaccino trade technique employed...

This was not a trade by Trader Outlook (Bob Iaccino,) but the techniques were...

I covered half my position (1 Lot) and moved my stop up to b/e for the second half (also 1 Lot.) You'll notice a b/e point different then the stop from the last post because I added to the position, thus changing the average entry price to 1.4153. The first half netted a $180 profit.
















By doing things this way, I am guaranteeing myself a profit and I can let the other half run to 1.40 if I choose, and know that the worst I can do on the other half is finish with a zero loss.

p.s. Gold trade hasn't hit yet (GTC.)

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