Click on chart for comments on the trade. Bottom line, this trade earned $800 for every 2 contracts traded today. To prove a point that I wanted to make, if you traded a series of 3 sets of contracts or 6 contracts in this case, then this would have earned you $2400 today. My risk on this trade was at most $600, if proven wrong. This is according to my stop management.This trade earned $2400/$600 or 4 times. This is more than the 1.5 times, but I was only risking 1 times the investment.
In any case, this goes back to a point that I was trying to say in the TFC forum yesterday coming into today. I am out with the gain ... while the other person ... well ... who knows where it is going to go!!
Good Trades,
David AKA Tiger
P.S. In conclusion, this is the way that I would handle the trade mentioned in the TFC forum yesterday, I am out with a $800 gain on every 2 contracts traded. No losing sleep here.
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