USDZAR Long trading opportunity(short-term) 10
expect ZAR to weaken against the dollar about 10-15c, I have opened a long position with the size of (25000USD), speculating that the ZAR to weaken in the short term within a day or two to 15.86+-.
Stop Loss is around 15.67+-, take profit is 15.82-15.90 , the entry price is 15.76+-
Stop Loss is around 15.67+-, take profit is 15.82-15.90 , the entry price is 15.76+-
Trade closed: target reached:
bought in with an additional $20000(315000 ZAR+-) between 15.68-73, my position size was then $45000
did not close position in a loss at 15.68, adjusted stop loss to be lower, 15.65+-
I was -2500 ZAR at one point, closed my position with a -270 ZAR loss when I moved my stop loss up to mitigate losses better, the stop loss was moved up too high because I was probably not liking the idea being in the red with an additional $20000.
Waited a time, then re-entered again at 15.73 and took profit at 15.77, profit was 1800+- ZAR.
even though I excited this trade in profit, it was a somewhat bad trade, because of bad habits being used.
Proof:
drive.google.co...owMSKbyWfa/view?usp=sharin...
did not close position in a loss at 15.68, adjusted stop loss to be lower, 15.65+-
I was -2500 ZAR at one point, closed my position with a -270 ZAR loss when I moved my stop loss up to mitigate losses better, the stop loss was moved up too high because I was probably not liking the idea being in the red with an additional $20000.
Waited a time, then re-entered again at 15.73 and took profit at 15.77, profit was 1800+- ZAR.
even though I excited this trade in profit, it was a somewhat bad trade, because of bad habits being used.
Proof:
drive.google.co...owMSKbyWfa/view?usp=sharin...