Friday, December 05, 2014 1:22:57 PM
most of your profit from an EXCELLENT trade you made.
You really need at least $2000 to make the trading worthwhile,
otherwise, paying 10 to 15% of your money into round trip commissions
is a severe handicap...and it's going to be nearly impossible to make
money consistently.
Trading is already a very challenging game to begin with...
That said, since its a small money, it doesn't make sense scaling out,
so perhaps you can hope for $22+ level to exit so that
you can at least make few bucks from this winning trade.
But since we don't know if this will reverse next week,
you should have a stop limit set at 18 so that you don't make a
winning trade and still lose big due to commissions.
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