- Trade lots in multiples of 2.
- Recommendations will include entry point, initial stop-loss level, first profit target (PT1) and second profit (PT2).
- When PT1 is reached, close half of the open position. From here you can do one of two things – move the stop for the other half to breakeven point (this will lock in profit from first half for the day) or leave the stop on the second half as it is and this will create a risk free trade for the day (if you get stopped out on the second half, the profits from the first half will offset the loss on the second half).
- Close any open trades or orders at 5 pm EST, or at your discretion.
My picks and analysis are intended for demo use only to help further your trading education. Good luck and good trading!
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.