I had a buy stop at 92.00 in Feb 07. Price got hit on 1st March 07.
With a simple calculation on Capital $11,000, i placed a 0.5 standard lot. Now we're sitting at 500+ pips profit, i'd like to run a poll and see what is the majority of votes on the things i should do.
Balance: $11,467 Equity: $13,969 Swap: $252.36 536 PIPS 0.5 Lots
1. This profit is miniscule! Do nothing, wait.
2. 1 month is too short a timeframe to take profit, i'm looking at minimum 1
year, best is take profit in 20 years time!!! Meantime live on part-time
jobs or whatever.
3. Take Profit now.
4. Hedge by short same lot size and TP 100 to 200 pips range.
5. Buy more, are you blind not to see the trend is up?
With a simple calculation on Capital $11,000, i placed a 0.5 standard lot. Now we're sitting at 500+ pips profit, i'd like to run a poll and see what is the majority of votes on the things i should do.
Balance: $11,467 Equity: $13,969 Swap: $252.36 536 PIPS 0.5 Lots
1. This profit is miniscule! Do nothing, wait.
2. 1 month is too short a timeframe to take profit, i'm looking at minimum 1
year, best is take profit in 20 years time!!! Meantime live on part-time
jobs or whatever.
3. Take Profit now.
4. Hedge by short same lot size and TP 100 to 200 pips range.
5. Buy more, are you blind not to see the trend is up?
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Still waters run deep